Owners of single family and other residential rentals have a decision to make each month. The question is, "Do I hire a property manager or do that work myself." Since I am a property manager I obviously believe that the service we provide is worth the expense. There are several reasons. First
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12/03/2009
Each winter the subject comes up about whether it is advisable to show vacant rentals after dark. This time of year it is getting dark around 5 pm which is pretty early. We have a policy not to show after dark. That means we do not show past 5 pm during the winter. The reason is simple, the s
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12/01/2009
The Electronic Payments Association (NACHA) has just released a Phishing Alert. Individuals and/or companies may have received an e-mail with the subject title “Rejected ACH Transaction”. The e-mail, which appears to be from NACHA, indicates that there is a problem with an ACH transaction, and co
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11/19/2009
One of the many nightmares in a property manager's day (yes nightmares are possible during the day of a property manager or property owner) is when the rent does not show up. It might even happen when a manager has auto draft from their bank since funds have to be in the bank to collect. When th
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11/18/2009
It is always a tough decison where to buy since good properties tend to be priced above what makes sense for cash flow (low rents compared to sales price). I personally like to buy in marginal neighborhoods since they tend to have better cash flow and my company is good at picking tenants like So
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11/07/2009
Yesterday Fannie Mae announced a new program it has designed to further assist homeowners facing foreclosure. The Deed-for-Lease Program (D4L) allows qualifying homeowners to remain in their homes by signing a lease in connection with voluntarily transferring the property deed back to the lender.
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11/07/2009
The Sacramento rental market is struggling a bit more than usual. There are fewer rentals available and those that are on the market are not seeing a real strong demand. Our firm rented out an above average amount of rentals in October which has lowered our overall available properties. It appear
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11/06/2009
We have noted that the rental market is pretty soft right now. It is a combination of the soft job market, state furloughs, soft real estate market, lower amounts of foreclosures, and finally, school is in sesson and the holidays are close. In sum, everything is working against a strong rental
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10/28/2009
At next year's National Association of Residential Property Managers (NARPM) Convention and Trade Show the past presidents will host a charity golf tournament. The location in Seattle has yet to be determined but the date is to be October 13, 2010. The shotgun style tournament will be a best ba
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10/25/2009
Some property managers are telling their clients that they must now receive their owner statements via email and owner proceeds checks via ACH (direct deposit). This is a "go green" proposition and money saving for all as it reduces delivery costs and speeds delivery of both statements and funds
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10/22/2009
