Are you aware that a silent intruder could lurk beneath your rental property, silently wreaking havoc on its value and your tenants’ well-being? Often unseen and insidious, water damage can chip away at your property’s integrity by decreasing its value by 10-20%. As a landlord, staying proactive against this hidden threat and knowing how to […]
Category Archives: Property Management
01
Mar
Mar
In the competitive field of residential property management, the adage “first impressions last” isn’t just a saying—it’s a business reality. The importance of maintaining a clean and welcoming environment cannot be overstated. For property managers and facility maintenance professionals, investing in industrial cleaning is not merely a matter of aesthetics—it’s a strategic business choice that […]
20
Feb
Feb
It is always a landlord’s goal to find the “perfect tenant” to occupy their rental home. While performing thorough screenings of potential tenants that include background and credit checks, employment and income verifications, and even communication with previous landlords, income property owners must be careful that they avoid housing discrimination when it comes to placing […]
01
Jan
Jan
The goal of every real estate investor is to make money! That said, tracking and evaluating that investment is critical to success. Property management firms and landlords alike turn to rent rolls as a means to do just that. So, what is a rent roll, and how will it help property owners drill down into […]
25
Dec
Dec
Communication is the foundation of any great professional relationship. Proper landlord-tenant communication can make all the difference when it comes to a positive leasing experience. Handling tenant complaints, concerns, and calls can add stress to landlords, especially when emotions flare. So, today we help you stay on track and maintain a positive and productive experience. […]
21
Dec
Dec
Screening prospective tenants is a tedious but necessary part of being a successful landlord. Nationally, the average eviction rate is around 3%. However, according to the Aspen Institute Financial Security Program, post-COVID eviction rates could jump as high as 20% in the coming year. As job and income loss heavily weigh on renters’ minds, landlords […]
14
Dec
Dec
Investing in a rental home often means getting a great deal on a property that needs some upgrades. With the overall goal to make your investment property appealing in order to get the highest rent rate possible, it is sometimes necessary to go beyond fixing the required damages that exist; sometimes, you need to take […]
04
Dec
Dec
Dealing with late rent payments can be frustrating and costly for landlords, especially when it’s a recurring problem. Late rent payments can even lead to more significant hassles, like going through the eviction process. That’s the last thing you want to deal with as a landlord! If you’re getting late rent payments from your tenants, […]
24
Nov
Nov
The worst thing for any landlord is having a vacant property. Not only does vacancy mean no money is coming in, but landlords also have to invest time and money in finding new tenants. That said, the strongest rental businesses have low turnover among their tenants. This keeps their cash flow steady and reduces costs. […]
10
Nov
Nov
There are two leading strategies for the average investor to actively create real estate income: buying rental properties or fixing up houses to sell. In today’s market, either strategy can be a good investment for property owners, though each one comes with different risks and benefits. The real question is not which is the better […]