Blog

Archive for September, 2014

Community Management Services in Frederick

Friday, September 26th, 2014

Community Management FrederickOver the years, homeowners associations (HOAs) have garnered a bad reputation.  Everyone likes to point out the flaws associated with HOAs and the nightmares some homeowners have experienced. So many rules and regulations! But the truth is that HOAs can be extremely beneficial…IF they are run properly.

  1. HOAs ensure your neighborhood looks good. For starters, homeowners associations are in charge of neighborhood-wide landscaping. HOAs also enact certain rules to maintain some sort of uniformity throughout the community. And that is just the tip of the iceberg. The final product: an aesthetically pleasing community anyone would be proud to be a part of.
  2. Financial stability is another benefit. Well-managed HOAs have reserve studies and funds in place for future repairs and capital improvements.
  3. Property values are typically higher in communities with HOAs. And who doesn’t want that?
  4. And More!

As we mentioned (and as you can clearly see), HOAs can be extremely beneficial…IF they are run properly. The problem: HOAs are comprised of volunteers, but expected to act like businesses. In many instances, these associations find themselves in over their heads, especially during often-rocky transitions from one board of directors to the next. The solution: hire a Community Management company. A community management company provides the knowledge, expertise, and stability your HOA needs to remain successful year in and year out.

Community Management Services in Frederick

As a member of the Community Association Institute, an organization for management professionals, Clagett Management is uniquely qualified to serve your association’s needs. Our experience in working with all the members of the association, not just the board, allows your organization to run smoothly and creates a sense of community.

Click Here to request a proposal.

Not only will a highly qualified staff member be present at all board meetings, but our managers perform regular site inspections and include this information in monthly reports. We will help coordinate maintenance, landscaping, and repairs and budget for such improvements. Our Skyline II property management software includes full general ledger functions, budgeting information, unit owner information, and delinquency reporting sections. And this is just the beginning of what we have to offer.

Additional services include:

  1. Newsletter preparation
  2. Small claims court collections
  3. Special mailings
  4. Architectural enforcement
  5. Development & enforcement of rules & regulations
  6. And More!

If you have any questions and Clagett’s Community Management Services in Frederick, Maryland and beyond, please contact us at (301) 695-6676 or Click Here. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.

Invest in a Preventive Maintenance Program for Maryland Rental Properties

Friday, September 19th, 2014

Preventive Maintenance Program MarylandManaging a rental property is tough work. But no one said you had to go it alone. That is where Clagett Management comes in.  We provide full service, competitively priced property management throughout Maryland, West Virginia and Virginia. Our goal is to help you profit from your investment and to free you from the daily concerns of your property’s upkeep and operation.

Click Here to request a proposal.

Avoid Tennant Complaints, Invest in a Preventive Maintenance Program

According to the San Francisco Chronicle, one of the biggest struggles for most landlords is maintenance and repairs. While it is always more cost effective to be proactive, it is difficult to keep up with the maintenance needs of your own home, let alone your rental property. And if you own more than one property, your maintenance tasks are doubled, tripled, or worse. There is just not enough time in the day. So you take a reactive approach to maintenance. Instead of performing regular inspections and preventive maintenance, you wait for things to breakdown before you address them. This leads to costly repairs and, perhaps more importantly, tenant complaints. No surprises here, but timely maintenance is one of the biggest complaints most tenants have of their rental property. Landlords are accustomed to hearing complaints about every maintenance issue, from leaky faucets to overflowing toilets. The solution: invest in a Preventive Maintenance Program.

More often than not, renters will not fill out a maintenance request until the issue has snowballed into a major and costly repair. Ca-ching! This is why it is better to be proactive when it comes to protecting your real estate investment.

Preventive Maintenance Program in Maryland

Clagett Management offers a preventive maintenance program. We periodically inspect your rental properties, allowing us to deal with repairs as they arrive, before they spiral out of control. We employ a network of the best contractors available in the area to service your property. Because we manage a large number of properties in the area, we elicit immediate response from our contractors.

If you have any questions and our Preventive Maintenance Program, please contact Clagett at (301) 695-6676 or Click Here. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.

For Commercial Property, Should I Lease or Buy?

Monday, September 8th, 2014

When opening a new business or transferring to a new location in Frederick, MD the most crucial decision business owners are faced with is whether to lease or commit to fully purchasing a potential property. The financial nuances to such a decision are considerable, and it’s important to consult with a knowledgeable real-estate professional before committing. To help you get a better sense of what may be right for your commercial sales enterprise, here is a list of the potential advantages and pitfalls of commercial leasing and property purchase.Commercial Sales Frederick MD, Commercial leasing

Leasing

No Down Payment: Almost any property purchase will require a substantial down payment to help insure the security of the sale. This financial commitment can be a big hit to any commercial sales business, particularly newly founded ones. Leasing will allow you the opportunity to reinvest that money in your own business to help stimulate growth, or keep more funds in reserve as security.

No Maintenance: As long as property management is competent, you won’t be held financially accountable for any repairs that fall within the terms of your lease. So when the AC eventually breaks down or the heat goes haywire, you can place a call to your landlord rather than shelling out for these expenses yourself.

Mobility: As your business expands it may grow too big for its current location or you may realize that there’s a better area available for your particular type of commercial sales. Commercial leasing allows you the freedom to move and experiment with relative financial impunity.

Buying

Property Investment: Property, like anything other aspect of your business, is an investment. If there’s a potential location for you in an area with increasing property values buying, even if you may not be in the same location 5 years from now, will ultimately be more cost-effective than leasing.

Control: When you purchase a space for commercial sales, you are your own landlord. This will allow you to customize the structure and property for your businesses particular needs, and to change whenever you deem necessary without seeking landlord approval. (It’s still important to stay familiar with Frederick, MD’s zoning laws!)

Long term savings: While rent is always cheaper than the purchase price, if you have relative certainty that your business will be occupying a particular location for the long haul, it’s always better to buy. The long term costs of rent are always higher than property ownership. Additionally while money you use to purchase a commercial sales locale is not, in and of itself, tax deductible you can recover this over time by yearly depreciation deductions. Depending on several factors, including how long you have been in business, how profitable your business has been, and what portion of the purchase price or rent relates to the land itself, you may be able to save more on taxes through purchasing than renting.

Need Help Deciding?

If you’re looking for professional help deciding if renting or property purchase is right for you consider contacting Clagett Enterprises. At Clagett Enterprises, our team of licensed and bonded agents have unparalleled knowledge of the buildings, units and businesses that make up the commercial real estate marketplace of the greater Frederick area. Click Here to contact Clagett Enterprises today! We understand the diverse needs of our commercial clients, delivering results for property owners, business owners, investors, landlords and tenants.

If you have any questions about Commercial Sales in Frederick, please contact Clagett Enterprises at (301) 663-6011. You can also connect with Clagett on FacebookTwitterGoogle+Pinterest, and YouTube.

Sources:

BizFilings

QuickBooks

 

Commercial Sales in Frederick: Do I Need a Commercial Real Estate Agent?

Friday, September 5th, 2014

CommercialSales FrederickWe live in a do-it-yourself (DIY) world. Nowadays, there is a YouTube video for everything from “how to change a flat tire” to “how to sell your home.” Still, there are times when the DIY route is not in your best interest. There are times when trying to save a few dollars could end up costing you in the long run. One of those times is Commercial Real Estate.

Commercial Sales: Do I Need a Commercial Real Estate Agent?

If you are looking to sell a commercial building in Frederick, Maryland (or anywhere for that matter), you need to hire a commercial real estate agent: plain and simple. More so than with residential sales (though we still recommend you hire a real estate agent to sell a home), commercial sales require professional intervention. No “For Sale by Owner” here.

Benefits of Hiring a Local Commercial Real Estate Agent

Commercial sales can be a complicated process with many pitfalls. If you are selling your commercial building in Frederick, you want a commercial real estate agent that knows the local market inside and out. A local agent has intimate knowledge of the area, market trends, local business owners, and potential buyers. Commercial real estate agents are some of the most well connected professionals you will ever meet. Additional benefits include:

  1. Hiring the right real estate team can help ensure your commercial property doesn’t sit on the market any longer than it needs to.
  2. Professional real estate agents have a pool of resources and data to help them better move your property.
  3. And More!

Commercial Sales in Frederick

At Clagett Enterprises, our team of licensed and bonded agents have unparalleled knowledge of the buildings, units and businesses that make up the commercial real estate marketplace of the greater Frederick area. Click Here to contact Clagett Enterprises today! We understand the diverse needs of our commercial clients, delivering results for property owners, business owners, investors, landlords and tenants.

If you have any questions about Commercial Sales in Frederick, please contact Clagett Enterprises at (301) 663-6011. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.