RECENT BLOG POSTS
Every homeowner and landlord feels the need to do renovations to their property at some point. The question becomes whether to tackle these projects yourself or to hire professionals to do the job for you. Some tasks are obviously best reserved for the professionals, such as licensed plumbers and...
03/14/2013
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Haven’t invited your neighbors over for coffee and pie? You’re not alone. According to the State of the American Neighborhood survey by Nextdoor, a third of Americans don’t know their neighbors by name. Has the security of our communities fallen by the wayside because of our manners? We take a lo...
03/07/2013
Not all tenants are created equally. Therefore, each applicant needs to be screened before they are allowed to rent one of your apartments. Since you're in control of the application process, you should always conduct mandatory credit & background screening on your applicants. 1) Find Out If A Po...
03/04/2013
With all the media hype about the so-called looming fiscal cliff, it’s a good time of the year to remember how to avoid financial disasters and to do what we can to prevent losses. Property Managers with experience know how costly the process of eviction can be, as well as the expense of repairin...
02/28/2013
One of the biggest challenges of property management is dealing with vacancies. When one or several of your units are vacant, revenue is severely limited. Prevention with long-term tenants is an ideal situation. But no matter how loyal your tenants are, vacancies will happen. So the question beco...
02/27/2013
The most successful property management professionals are effectively using investment cash flow analysis to better manage the growth of their business. Leonard Baron, real estate professor and writer for Zillow, will break it down and share his straightforward rental property cash flow metrics s...
02/26/2013
Marketing is the engine that fuels the growth of your property management business. To that end, it’s critical that you take the time to define your marketing plan and to ensure you are allocating your marketing dollars efficiently and effectively in order to secure new properties for your servic...
02/25/2013
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Security Deposit processing continually challenges property managers across the country. In theory, this should be one of the easier things that property managers are required to do. The tenant provides management with a security deposit that will be held during the life of the tenancy. When the...
02/25/2013
While going about the business of managing properties, it’s easy to forget about the impact our typical business day can have on the environment. While there are several long term investments you can make to reduce your carbon footprint such as installing low flow toilets in each apartment, or xe...
02/19/2013
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Every landlord or property manager has probably dealt with a tenant not paying their rent on time or missing payments altogether. Dealing with missed rent payments can warrant different actions depending on the terms of the lease. As a landlord, it is important to keep in mind that this is a busi...
02/18/2013