Intelligent Questions To Ask Before Hiring A Property Management Company

August 11th, 2017

Finding a quality property management company requires a lot of inquisitive questions!

Choosing the right property management company to take care of the investment you’ve made in your property is one of the most important decisions you will make. While managing properties on your own is sometimes a good decision, many times it’s just too overwhelming. If you don’t take the time to properly interview your property management company candidates beforehand, you could end up with your property in the wrong hands. Read the rest of this entry »

The 3 Most Common Reasons Tenants Leave A Rental Property

August 4th, 2017
rental property

Tenants need an incentive to stay.

Do you find yourself having a very rapid tenant turn-around? Looking for ways to keep your tenants from leaving? With a high tenant turnover rate, property owners end up losing a lot of money having available units that are sometimes difficult to fill. This can invest more of a burden than something that is bringing in profit. Here are just a few easy tips for property owners to use so they can reduce the frequent tenant turnover rate and retain residents more frequently. Read the rest of this entry »

Top 4 Questions Every Landlord Should Ask Prospective Tenants

July 28th, 2017

There are a lot of things for rental property owners to consider before finding an ideal tenant.

It is essential that landlords take the time to review every application they get from prospective applicants. In fact, including questions that get to the root of whether a potential tenant is a quality tenant is a crucial aspect of landlords that can often get overlooked. Here are just a few of the questions that need should be in every application. Read the rest of this entry »

4 Sneaky Fees To Watch Out For When Hiring A Property Manager

July 20th, 2017
property manager

Find out whether a property manager is best for you!

It is a tale as old as time, sometimes the people we hire for certain services add superfluous hidden fees for things we may not even understand. In real estate, it is no different. If you are looking to hire a property manager to handle landlord responsibilities, it is important to look out for sneaky fees that may end up significantly reducing your profit. Read the rest of this entry »

How To Make Your Rental Property Feel More Like Home

July 12th, 2017

Making your rental property feel more like home is easier than you think!

There are many great reasons for choosing a rental property over purchasing a home, but it can be difficult to transform a rental property into a place that feels like home at the end of a long workday. If you are living in a rental property and trying to make it feel like it belongs to you, here are some of the easiest ways to make your rental property feel more like home. Read the rest of this entry »

Simple Steps To Thoroughly Screen Prospective Contractors

July 7th, 2017
real estate property

Finding the best contractor for any real estate property is easier than you think!

Maintaining your real estate properties often means working with contractors to get the job done. Unfortunately, there are many contractors out there looking to make a quick buck and take advantage of you. Keep your real estate properties in great condition means screening prospective contractors to find the ones who are equally great. Here are some of our best time-tested tips for thoroughly screening prospective contractors. Read the rest of this entry »

Some Reasons To Go From Residential To Commercial Real Estate

June 30th, 2017
commercial residential

There area variety of differences between residential and commercial real estate!

The real estate market is constantly fluctuating, like the stock market, and some real estate investors are considering making the switch from residential real estate to commercial real estate. Investing in real estate is often a much more secure investment than the stock market, where your retirement savings are subject to the market’s whims. Here are some of the best reasons why you should consider switching from investing in residential real estate to investing in commercial real estate. Read the rest of this entry »

3 Problems Only Property Managers Will Understand

June 22nd, 2017
property managers

Only property managers will understand the problems that come with having a variety of different tenants.

Playing a unique role, property managers maneuver between real estate professionals and tenants alike. In fact, property managers interact with such a wide array of people that is can be overwhelming for those in the beginning stages of their career in the wild world of property management. However, there are some tell-tale problems that only a property manager can relate to. Here are just some of the more common problems every property manager has experienced at least once in their careers. Read the rest of this entry »

The Best Way To Calculate Improvement Ratio To Increase Annual Depreciation

June 15th, 2017

There are a lot of financial aspects of owning a rental property that can get overlooked.

Depreciation can be a struggle for any real estate owner. Depreciation is a reduction in the value of any asset that is caused by the passage of time due to wear on the asset. The Internal Revenue Service allows the depreciation expense to be written off each year to recover the cost of the initial investment. While not an efficient means to recover cost but it can help with overall loss. Today we are going to discuss how to calculate an improvement ratio to increase your annual depreciation. Read the rest of this entry »

4 Property Manager Best Practices To Start Using Immediately

June 8th, 2017
property managers

There are certain practices all property managers should follow.

Rental property management requires severe organization and skill. As such, when you are fortunate enough to manage multiple properties at one time, the situation could be cumbersome if not well-prepared. In fact, it is important to prioritize the most urgent needs first. As a property manager, it is your responsibility to manage and resolve any lingering or sudden problems that arise. Acting in a proactive way to help all tenants is a vital component of property management. As a result, there are certain tips and tricks of the trade that can help you be the best rental property manager and alleviate some of the insurmountable stress that invariably results. Read the rest of this entry »