Property Management Blog

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...

Thursday, December 31, 2015

Property Management Blog

Determining Rents

Setting the rental value can be a tricky process. It is an art and a science combined, with many factors to consider. Even when a property manager and/or owner carefully derive a rental price, it is subject to change if rejected by prospective tenants. Supply and demand One major underlying factor determines rent - supply and dem...

Thursday, December 31, 2015

Property Management Blog

Working with the Market

As they say - all things change. The rental market swings up and down depending on the interest rates and the sales market. Different markets can lead to more properties on the market for rent. If there are more vacancies available, owners simply need to utilize other tools to keep their units occupied Be Competitive with the...

Thursday, December 31, 2015

Property Management Blog

Raising the Rent

While reviewing their return on investment (ROI), many property owners think raising rents will improve the bottom line for the upcoming year. It is important to review income and expense figures on a regular basis and stay in tune with the housing market. However, as your property management company, we know there are many things to cons...

Thursday, December 31, 2015

Property Management Blog

Who is Responsible for that Repair?

Today, when you buy or rent a property, the amount of paperwork required is often staggering. Once upon a time, an agreement to purchase or rent a property was one page, but now the basic agreement is multiple pages accompanied by multiple disclosures or addendums. In any area of the country, it is increasingly important in today's inves...

Thursday, December 31, 2015

Property Management Blog

Risk Management and Habitability

What is habitability and why is it so important? Essentially, it is anything that endangers the livability of the property and the health and welfare of the tenants. Many common issues are lack of heat, running water, major roof leaks, unsafe electrical, carpeting, stairways, or sidewalks, etc. When renting a property to others, whet...

Thursday, December 31, 2015

Property Management Blog

Lead Based Paint

Lead base paint has been an important issue since March 6th, 1996, when the Environmental Protection Agency (EPA) & Housing & Urban Development (HUD) released the regulations on the Residential Lead Based Paint Hazard Control Act. Property managers and landlords nationwide have worked to comply with the law. Additionally, ...

Thursday, December 31, 2015

Property Management Blog

When It Is Not A Pet

Ordinarily, property owners have the right to refuse animals while renting their property. However, there a specific circumstance exists when a dog, cat, or possibly another animal it is not considered a pet. When a disabled person with an assistance animal applies to rent a property, a landlord cannot refuse to rent to the prospective te...

Showing 51- 60 of 68