Another year has flown by while we are all busy managing our portfolio of properties. And as we slide into 2018, you may have some ideas for how you would like to improve your property management business in the new year. But who has the time?
Sure, everyone wants to increase efficiencies, have less vacancies, improve their accounting or acquire more clients and properties. But all those important activities require time that you might not have. So, here are some solutions to the most [...]
Regardless whether you’re a busy real estate agent, a stressed out property manager, or an overworked investor – a virtual assistant can change the game for you. Not only can virtual assistants free up some time in your busy schedule, they can also increase your real estate revenue.
What is a virtual assistant?
A virtual assistant works very much like an in-person assistant. They can take on the more administrative duties of your booming real estate business to free up some of your[...]
The holidays seem to creep up on us earlier and earlier each year. Ghoulish masks and fun-sized bags of candy are hardly off the shelves before we hear holiday music in Starbucks and see Christmas tree stands on sidewalks. As a landlord or property manager, one of your worries with all this yule tide is the idea of your tenants hauling needle-filled trees into your property’s lobby or setting their living room on fire!
It begs the question – should you allow your tenants to have [...]
With the real estate market offering up favorable conditions over the past few years, you may be thinking that now is the time to invest in real estate to make those passive income dreams come true. But perhaps you have some outstanding debt and wonder if you would be better off tackling your own mortgage or student loans before going down the path of real estate ownership.
So, should you focus on paying off debt before investing in real estate?
You should first consider the type of [...]
Everyone has that one tenant - the difficult resident that has you counting down the days until the end of their lease. But then it happens. They tell you they’d like to renew. And the last thing you want is another year of late payments, unrealistic requests, or noise complaints from neighbors.
Do you really have to renew their lease?
You aren’t obligated.
As with most lease agreements, you are entering into a fixed-term agreement with your tenant. Just as your tenant [...]
Why would anyone want to become a long-distance landlord, you might ask? Property management is hard enough in the same city, but doing it from across the state, country or even the world might seem like a recipe for disaster. At the same time, by limiting yourself geographically you may be missing out on some serious money-making opportunities.
People invest in properties outside of where they live for various reasons. Maybe you’ve identified a hot market that you want to monetize, [...]
Summer. The season of carefree living and a no-worry lifestyle. But that isn’t always the case for the hard-working landlord or property manager fielding calls about mosquito infestations, falling air conditioning units, or broken door hinges after a particularly rowdy “Sunday Funday.”
As a responsible landlord or property manager there are ways you can prepare your property to be safer and more enjoyable for your tenants during the hot summer months. You definitely don’t want an [...]
When most property investors are considering their next investment, they usually take the traditional route and plan to rent their property under at least a one year lease agreement. In the last few years a new trend in property investing has emerged with the introduction of short-term online property sharing communities like Airbnb.
Companies like Airbnb, HomeAway or VRBO allow property owners to list a room or entire property for rent for vacationers or people seeking out short-term [...]
If you’ve been a property manager or landlord for even just a short amount of time – you know the drill. Some unforeseeable problem occurs at your property, your tenant is set off, and then your tenant dresses up like Rambo and comes knocking on your door at 2:00 a.m. ready to rumble.
Well, maybe it doesn’t always happen like that even though it may feel like it, but it’s likely that at some point or another even the most attentive landlords will face a disagreement [...]
Do your tenants even use that basement gym you built in your rental property? Will not having a soaking tub be a deal breaker? There are a handful of amenities we know your tenants will have high on their list.
So, whether you’re doing a renovation on an existing property or looking for your next investment, consider these top six amenities your potential tenants are looking for in their home hunt!
Plenty of Closet, and Shoe Collection, Space
You might be surprised how much weight[...]