Setting and Collecting Rent
Monday, December 07
Rental income is the lifeblood of the landlord’s business. If the mechanisms are not put in place to bring in the right amount at the right time each month, the business will eventually wither and die. When properly performed, this is what allows top real estate investors to achieve a higher than...
Handling Tenant and Owner Funds
Friday, December 04
Owners entrust their property manager with more than just their physical assets. Property managers handle rental income, reserve funds, security deposits, and write checks on the owner’s behalf. To function properly, this relationship requires trust, transparency and accountability. Here's a list...
Property Management Fees - Part II
Thursday, December 03
Here are the rest of the property management fees that you need to be aware of and look out for:Advertising fee There are plenty of ways to generate leads using free resources like signs, craigslist, etc. but with vacancies time is money and prolonging the search process to save a few advertising...
Property Management Fees - Part I
Tuesday, December 01
While management fees are important they must be viewed in light of what other firms are charging, the scope of services provided and the quality of those services. The company you hire will be stewarding one of your biggest assets and the last thing you want to do is make your decision based sol...
What Are The Benefits of Using a Property Management Company?
Tuesday, December 01
A competent property manager can add significant value to your investment, which is why many seasoned real estate investors will tell you that a good management company is worth their weight in gold. Here are a few ways that a good property manager earns their keep:Higher Quality TenantsThink of...
What Do Property Managers Do?
Monday, November 30
The following is a list of the tasks property managers commonly perform for owners. You may only need some of these services, and the property management firms you interview may offer more or less than what is listed here. Evaluate the property and determine an accurate rental rate ...