Big Deals, Bad Ideas & Back-Up Offers

When good deals gone bad, turn out to be the best case scenario “It ain’t so much the things that people don’t know that makes trouble in this world, as it is the things that people know that ain’t so.” — Mark Twain. I am always amazed with what people do under the pressure of different situations and circumstances. Never really what you might expect as far as common sense goes, but in their own mind – it makes perfect sense to them at the time. As a property manager, I have the fiduciary responsibility to be a trustworthy steward for our clients. This goes both for our landlord clients,[…]

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Case Study: 12 Unit Multi-Family Property Repositioning Project

Why Should You Even Consider Hiring a Property Manager at All? We have been Real Estate Owners and Property Managers going on two decades. We have seen market cycles ebb and flow in that time and have seen peaks of prosperity and valleys of burst bubbles plummeting properties to pennies on the dollar. I would never claim to know it all, but we have seen, been through, and experienced a lot. One afternoon I found myself in the office of a long-time Realtor associate that we have worked with buying and selling several properties from our own private portfolio. The conversation reflected on current real estate market trends, to her[…]

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How the “SEOTA Marketing” process is used to Customize the Property Operations for your Investment Property

Every property, resident, owner, and Property Management Company is different. Each one has their unique characteristics and special qualities that set them apart from one another. It is obvious that properties are different. The same car driven by different drivers will perform differently over time. The same is true with buildings. The care and preventive maintenance performed will only extend the life and performance of the property. And just like there are different types cars, BMW, KIA, and Rolls Royce, the same holds true with property types. Usually, the different types of properties will attract a specific type of resident also. Once a property manager understands the complexion of the[…]

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Requirements of the Property Management Business

Whether you find yourself looking for an apartment to call your home, or looking for a property management company to take over the management of your assets; there are key features you should be looking for from both sides of the aisle. You want to make sure they have the processes and procedures in place to upkeep the property for your family while you live there as well as the same processes and procedures to keep your property running at peak performance. It is not too surprising that a property management company that is taking care of the day-to-day operations also has their eye on the ball for the long-term[…]

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Top 10 Due Diligence Tips for Buying Real Estate Investment Property

Top 10 Due Diligence Tips for Buying Real Estate Investment Property During an Interview with Henry Ford the reporter asked Mr. Ford, “How is it that you have become so successful?” to which Mr. Ford replied. “By making good decisions”. After thinking about his answer for a moment the reporter then asked, “How do you make good decisions?” to which Mr. Ford answered, “By having experience”. Again after some thought the reporter asked, “How did you get experience?” Mr. Henry Ford looked directly at the reporter and responded, “By making bad decisions.”     At Belaire Property Management we have been property managers since 2001 and have seen a lot[…]

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