Tag Archives: property management

6 Tips for Communication Clarity with Your Residents

You know, not everyone has a gift for writing. Some people don’t even have the basics. When I was younger, my mother was a librarian and an English teacher. She and I would sit at the kitchen table in the evenings, me struggling with the complexities of Algebra (many of which I, to this day, […]

Always Ask Residents if Something Needs Fixing

I remember when I first started in the apartment industry, someone told me to always ask my residents if there was anything in their apartment that needed fixing. Now, at the time, I thought that was kind of odd. Why would we ask if there was something WRONG with our product? That seemed 
 I […]

Property Ownership and Property Management Outlook 2014

The year 2013 will go down in the record books as a good year for both owners and managers of residential income properties. As I wrote recently in an article titled, It’s Tough to Afford to be a Renter These Days, “Housing affordability doesn’t look too promising as 2014 begins. If you listen to the […]

Buying Investment Property – What is a “Good” deal?

Let’s look at a tried and true way to measure rental property investment returns and what we as buyers should be looking for in our purchases. Total investment returns in real estate are really comprised of two pieces: operating positive cash flows and long-term appreciation. In today’s world, even though it probably will come, we […]

All Ads Are Not Created Equal…

All online rental ads are not created equal. In fact, many factors determine whether a rental ad will be successful at attracting renter leads. With so much information and so many choices on the internet, rental marketers need to make sure their ads catch – and hold – the attention of potential renters. Photos – […]

The Importance of Annual Inspections

As a landlord, you have a number of responsibilities. Not only is it important to make certain that your investment is protected, but it is also important to ensure your property is safe for inhabitation. One of the best ways to accomplish both goals is with an annual property inspection. While it can be easy […]

Rental advice: As rents rise, what’s a renter to do?

Here’s hoping you found a nice rental last year and locked in a low rate, one that can stick for, oh, about three years. That’s because — and we’re so sorry to report this — the rental market has once again shifted in favor of landlords, with little sign it’s going to swing back any […]

Cap Rate Formula | What Is Cap Rate?

  How do you know what a commercial income property is worth? How do you know that you can get your desired return on your investment? Is there a way to calculate the maximum you can pay for an investment and still achieve your investment goals? This article will answer these questions and more about valuing income […]

DETERMINING RENTAL RATE

There are many factors to consider when determining a rental rate.  You want to make sure you don’t charge too much or you’re likely to be sitting with vacant units.  And on the flip side if you charge too little, you’re leaving profits on the table. MARKET RATE To determine your rental rate you want […]

FAQ’s Regarding Property Management

WHY SHOULD I USE A PROFESSIONAL TO MANAGE MY HOME? While the reasons our clients choose professional management vary, here are some of the key reasons many people elect professional management over self-management: We handle maintenance and emergency repairs, allowing you to sleep at night. We enforce collection of rents and serve the proper notices […]