Tag: Belaire Property Management

Property Manager Screening Tips To Find Better Renters

Belaire Property Management, Business Operations, Business Planning, Property Management, Tenant Horror Stories, Tenant Screening

I have had discussions with all types of landlords big and small that have been renting apartments for decades and the consensus is the same; screening for good residents is job number one. The entire Landlord/Tenant relationship depends on having a pre-qualified renter who will respect the other residents, respect the property, respect the rental agreement, and pay the full rent on time when due. This is the cornerstone to running a successful rental business and you must be firing […]

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Buying a Rental Property and thinking about becoming a Massachusetts Landlord?

Belaire Property Management, Business Operations, Business Planning, Property Management, Tenant Screening

Recently one of my Real Estate Colleagues sent me the following email looking for advice in buying their first Massachusetts Rental Property. The following exchange is a reply to that inquiry that you may find helpful as well. And all of this was written from memory before my morning coffee.  %^)) _______________________ Hi Brian, As always, good to see you again at last week’s NEREIA meeting. You always keep the presenters on their toes! I have a favor to ask. I am in the […]

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Pretty Leaves! Pretty Soon! Better Prepare Your Residential Apartment Rentals Pretty Quick!

Belaire Property Management, Business Operations, Business Planning, Property Management, Tenant Horror Stories

Two short months ago we were enjoying our vacations, going to the beach, having family BBQ’s, and working on our tans. It happens every year when we say it in September, “The Summer went by so fast this year”. This week I have already been stopped in traffic by local school buses loading up sleepy-eyed students in disbelief that they are on their way back to school. As much as I hate to admit it myself, the days are getting […]

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Avoid Revolving Door Housing Court Eviction Costs from Bad Property Managers

Belaire Property Management, Business Operations, Business Planning, Marketing, Property Management, Tenant Horror Stories, Tenant Screening

Your property should not be a revolving door of bad tenants coming in and going out. The number one cost you cannot ever recover from a property, is a vacancy. When you are not collecting rent you cannot cover your debt for the property. You cannot pay your contractors; you cannot pay your mortgage taxes and insurance. The worst of all is that you cannot make repairs and your property accumulates deferred maintenance issues. This is the slow death of […]

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Is Your Residential Property Manager Well Trained?

Belaire Property Management, Business Operations, Business Planning, Marketing, Property Management, Tenant Screening

Lord help me if I run into another would be property manager who just came fresh from some seminar and thinks they know everything they need to know to run a property successfully. This is not a get rich quick business. This is a customer service relationship business. The faster this notion becomes clear to the property owner or manager, then so much better for everyone involved in the process. Having some sales experience is always a plus, but customer service […]

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Rental Property Diagnostics and Reporting

Belaire Property Management, Business Operations, Business Planning, Marketing, Property Management, Tenant Screening

Good news travels fast, and bad news travels even faster. For you to be on top of your game as a landlord you need to have measurable information at your fingertips at a moments notice. Think about it. In medical terms, the patient is your dear and beloved property. That would make your property manager your attending physician monitoring the health and well being of the property. You would not want a doctor that knew or even suspected a problem or […]

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Before You Sign That Dotted Line: Property Manager Contracts

Belaire Property Management, Business Operations, Business Planning, Marketing, Property Management, Tenant Screening

When you are interviewing a property manager ask to see a copy of their service contract. This is a good indicator of how any given scenario may play out once they are your manager for your property. A typical property manager contract is just like a tenant-at-will rental agreement you hold with your tenant-at-will resident. You want to be able to end the contract mutually either way in 30 days. If you are not happy with them and the service […]

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