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[...]
Whether you’re just getting started as a property investor or tired of managing your rental properties yourself, finding a good property management company in this crowded industry can seem overwhelming and stressful.
Putting your precious investment properties and critical relationships with your tenants in the hands of someone else is a big step – but there are ways to be sure you’ll never end up with a lousy property management company.
We’ve identified the important boxes [...]
It’s officially summer. And the last thing you want is tenants complaining about their excessive electric bills – or you footing the bill for a lack of energy efficiency in the common areas of your rental property. There are steps you can take as a property manager or landlord, and suggestions you can give tenants, to stay cool and on budget during the scorching summer months.
Use windows strategically. At night, turn off your air conditioning in your rental property’s common [...]
Whether you’re a landlord or property manager, it’s likely you’ve come across a roommate dispute or two. Roommates don’t always do their due diligence in selecting strangers to cohabitate with, and quickly end up with a less-than-harmonious living arrangement. Usually the person that suffers the most in this situation is the property manager or landlord that may have trouble collecting rent from a roommate that has fled the property… and their responsibilities.
Do you [...]
Failure to Communicate Can Lead to a Manager’s Failure
Since I work closely with community association management professionals and Board Members, one of the more difficult questions I routinely face from community association leaders is how the community should go about the process of selecting a new community association manager. It causes me great concern when I first hear that a community is thinking of changing managers as most of them I know are conscientious and hard-working [...]
It’s finally that time of year again. The air conditioning is being switched on, pools are opening for the season, the kids are counting the days until they’re out of school, and the ice cream truck is starting to frequent your block. The summer months are always some of the best of the year!
As a property manager or landlord, it’s time to start prepping your property for the season so you can enjoy your summer afternoons at the ballpark or the beach instead of at your property [...]
Some landlords and property managers think a simple application with probing questions and a few letters of recommendation are enough to ensure you have a responsible new tenant on your hands. If that’s you, you may need to think again!
While you might be excited to have someone ready and willing to rent your property with a deposit check written, taking the proper steps to be sure you have a good tenant on your hands will save you a lot of heartache and potential monetary losses down [...]