For a residential leasing company, tenant turnover is inevitable. Through career changes, income increases or decreases, and family growth, there are a multitude of reasons why a tenant would need to move. With that being said, a leasing company needs to do everything in its power to foster long-term relationships, which will decrease tenant turnover. (more…)
Blog
Archive for March, 2015
How to Reduce Tenant Turnover
Friday, March 27th, 2015Commercial Leasing vs. Commercial Sales
Friday, March 20th, 2015
Moving your business to a new location is a tricky affair that requires careful planning and consideration of your business’ needs. You need to choose your location with the utmost care and consider the costs and conditions of your change. Included in this is the choice between buying and leasing. Buying is more expensive, but you own the property and the right to do whatever you need to for the building. Commercial leasing can cost less, but you have less of a choice in caring for the building. (more…)
Community Association Management and HOAs
Friday, March 13th, 2015
Most homeowners associations are run by volunteer homeowners who have the best interest of the community in mind. Unfortunately, most of these people don’t have the necessary skills or time to make sure that things go to plan. Attending meetings and planning events is only a fraction of community management. You must be up to date on news, laws, regulations, and your neighbors. While volunteers provide a perfect base for community management, a community association management professional can take some of the everyday tasks off of your hands, and make sure that your community is managed smoothly. (more…)
Benefits of Working with a Property Management Company
Friday, March 6th, 2015
Hiring a property management company to handle your rental properties is a tough decision. It costs extra money to work with them, and you relinquish some of your control. That being said, it can be incredibly stressful to manage your property on your own. For most property owners, renting out homes or apartments is not a primary source of income. You probably have another job, and managing your rental on your own can be time consuming. As tough as it might be initially, handing over the reins to a property management company will be the best decision you make.
Tenant Screening
Good tenants are the key to maintaining a healthy and profitable property. When you are in a rush to get your property rented, finding the right tenant can go by the wayside. A property management company will take care of tenant screening for you. Property managers see thousands of applications every year, and have the experience to know the warning signs associated with bad tenants. They will make sure that your property is rented to tenants that are clean, prompt, and easy to work with. You won’t have to deal with the worries that go along with renting to unpleasant tenants.
A Line of Communication
If issues spring up with your rental, it’ll be a battle of two emotionally invested parties, and you may find yourself working overtime to find a solution. A property management company can be a resource for tenants so they don’t have to come to you. Property managers can handle simple repairs for you so you won’t have to be on-call at all hours of the day and night. Quicker repairs and thorough communication are the keys to improving tenant retention, which is a major bonus.
Easy Rent Collection
Coordinating the monthly payment of rent can get complex when you are working on your own. Tenants don’t always take your deadlines seriously, and might have trouble getting the money to you on time. Property management companies have a strict system for rent collection and will enforce penalties for late payments. With a property manager handling the tough calls, you will be able to rest easy.
Increased Demand
A property management company can give your rental the visibility it needs to attract the right tenants. They’ll advise you on repairs and improvements, use their resources to properly and effectively advertise, and they know how to work with your market to get the best results.
Contact Clagett Enterprises today!
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If you have any questions Property Management, please contact Clagett Enterprises at (301) 663-6011. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.
Home Improvement Projects to Boost Home Value
Wednesday, March 4th, 2015
So you’re thinking about selling your home down the road? You’ll likely be caught in the same dilemma that many homeowners deal with. Do you spend the money it takes to upgrade a home you plan to sell? The answer isn’t terribly simple, unfortunately. The major benefit of expending the time, money, and effort it takes to tackle home improvement tasks is that you come out on the other side with a higher home value. If you do plan on working towards an increase in home value, make sure you put your effort into the right areas.
Rooms to focus on
There are two rooms in your home that can make or break any sale. You must have a fabulous kitchen and bathroom. If you are thinking about performing any renovations, start here.
Barring any outrageous wallpaper or unsightly flooring, your kitchen renovation should be centered on your appliances and your counter tops. Stainless steel appliances are the new standard and have the magic ability to skyrocket any space into the 21st century. For certain appliances, you can simply purchase a stainless steel cover, but for others you may have to consider replacement. This can be pricey, but come selling time, you’ll be grateful you made the investment. Similarly, granite countertops are a major selling point for new buyers. Most people want them, and if you’ve got them, you save new homeowners a few steps. For some quick but powerful touches, add some modern lighting, shiny cabinet fixtures, and contemporary colors.
Bad bathrooms can truly kill an otherwise good sale. It is terribly unappealing to look at peeling and dirty tile, discolored toilets, and outdated sinks. If you truly want to boost your home’s value, give your bathroom a good makeover. Bathrooms tend to have outdated flooring. With the typically smaller size of these rooms, a change in flooring material can be a quick and relatively inexpensive change to make. Outdated light fixtures can bring down your bathroom’s style with one fell swoop. This change is minor, but seriously helpful.
Go green
Energy efficient homes are growing in popularity. They help the environment, and they make it easier for homeowners to save a little bit of money. Simple additions like storm doors and ceiling fans can go a long way when it comes to improving your home’s temperature control. If you want to take it a few steps further, consider things like energy efficient windows and solar panels. Both can be major selling points for anyone browsing the market.
Contact Clagett Enterprises today!
Click Here to request a proposal!
If you have any questions about Residential Saes or Property Management, please contact Clagett Enterprises at (301) 663-6011. You can also connect with Clagett on Facebook, Twitter, Google+, Pinterest, and YouTube.