Property Management Blog

Thursday, December 31, 2015

Property Management Blog

Using the 1031 Exchange

Article Size: This body of the article, “Using the 1031 Exchange,” contains approximately 605 Words and is located on page 3. Before using this article, please read the LandlordSource Disclaimer, Inserting the Article, and Other Tips” displayed on pages 1 and 2 of this document. LandlordSource Disclaimer: Jean Storms, MPM®¨ ha...

Thursday, December 31, 2015

Property Management Blog

Beware Red Flags

As experienced property managers, we have learned to recognize certain warning signs – or “red flags,” when marketing properties and taking applications. Here are some we encounter while showing properties: The applicant is willing to pay more than the offered rent and security deposit. They will pay eve...

Thursday, December 31, 2015

Property Management Blog

Mold, a Critical Issue

Mold has been around a long time - literally, as long as there have been living organisms. Therefore, it may seem strange that it has become such an important and potentially dangerous issue. However, mention the possibility of the existence of mold to any reputable Property Manager, it gains immediate and urgent attention. The damages aw...

Thursday, December 31, 2015

Property Management Blog

Renting to the Handicapped

Fair Housing is simple - do not discriminate. While this may be a basic principle, it is often not easy to follow, particularly in the area of handicapped or disabled persons. Many landlords often do not know or understand the legal requirements when it comes to renting to handicapped tenants, which can lead to costly lawsuits. Courts do ...

Thursday, December 31, 2015

Property Management Blog

Deciding on Pets

Most owners shudder when you mention pets. To be perfectly honest, this is an understandable reaction since there are times when tenants allow their pets to cause considerable damage. However, when facing the issue of pets, property managers and/or landlords often need to use a logical approach. Saying “no” to a pet ri...

Thursday, December 31, 2015

Property Management Blog

Professional Services for your Investment

One definition of a property manager is someone who manages real estate for another person for compensation. There are many duties involved, which include marketing the property, screening tenants, collecting rents, maintaining the property, handling tenant problems, and much more. On certain days, managing property can mimic a juggler ke...

Thursday, December 31, 2015

Property Management Blog

Thinking of Buying an Investment

With the recent dip in the sales market and the increase in foreclosures, buying an investment property may be once again a good choice for your financial portfolio. There are items you will want to review before making a purchase. Compare property values and rents Check out the area property values and compare them against the pr...

Thursday, December 31, 2015

Property Management Blog

Mistakes Investors Should Avoid

Many times tenants offer to perform maintenance on properties. While it may seem to be an excellent idea at the time, promoting thoughts of saving money, and an easy repair - it can lead to many problems. Landlords need to ask themselves why the tenant is offering to absorb the time and expense of the work. There are tenants who a...

Thursday, December 31, 2015

Property Management Blog

What if the Tenant Quits?

It is the first of the month and the rent is due. The rent does not come in and a notice to pay rent or quit is served. The majority of tenants pay the rent. But what if the tenant decides to "quit?" The first reaction is usually anger and outrage on this unfair turn of events because the owner will not have the rent and there is a hi...

Thursday, December 31, 2015

Property Management Blog

Fair Housing is Fair Pricing

In the world of Real Estate and Property Management, April is generally “Fair Housing Month.” The industry works to review Fair Housing legislation and recent issues to encourage all persons connected to the housing industry to review their business practices concerning this important issue. One area that property owners and m...

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