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, […]
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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 […]
Read moreTop 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 […]
Read moreLandlord Tips: 8 State Sanitary Codes Landlords Need To Know For Managing Rental Properties
The biggest mistake a landlord makes in owning rental properties is not treating their rental properties as a business. Obviously there are pillars of performance that need to be adhered to to find and keep happy residents, such as: tenant screening, knowing your numbers and strategy for the building, and keeping up with maintenance and repairs. Probably the most overlooked aspect of being a landlord are the building codes and state sanitary codes that clearly outline the specific performance expectations of […]
Read moreTip For Renters: Know your numbers before you call the landlord
I am always surprised at how many times when someone calls me about an apartment I have for rent, that they have no idea how much their monthly income is. It is vitally important for a landlord as the decision maker to be able to know that information as quickly as possible. Being prepared with the answer for “how much money do you make a month”, shows the landlord that you have done your homework, you know how much you […]
Read moreRental Property Diagnostics and Reporting
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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