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Benefits of Using a Property Management Company
Are you a hands-on landlord, or would you prefer to avoid weekend maintenance calls or monthly rental income and expense management? If you’d rather have someone else handle the details, hiring a property management company might be the right choice for you. Yes, they’ll take a cut of your rental revenue, but they can also help […]
5 Ways to Reduce Vacancy to 45 Days or Less
Here is a simple formula that summarizes how to reduce your vacancies: Good Property Management + Proactive Owner = Reduced Vacancies You spend a lot of time and money selecting just the right property in just the right area. You should give equal time to learning how to properly manage your property managers. Being […]
5 Tips to keep in mind when being fire safe:
1.Teach your children about fire safety. Curiosity can get the best of a child at a very young age and the more you discuss with them before they decide to learn by themselves, the more likely you can prevent them from being injured or accidently starting a fire. 2.Keep all fabrics or flammable items away […]
5 TIPS FOR SCREENING RENTAL APPLICANTS
1) Do not simply give away applications to rental prospects who are not serious to take home and most-likely never return. Instead, charge $49 for each application given out. And let them know “processing” the app is Free. They can go ahead and fill it out now or later. Most fill it out right […]
How To Be A Great Landlord: Your Step-By-Step Guide
June 27, 2016 Source: This article was published with permission from VerticalRent.com As a landlord, it is in your own best interest to do your job well. You can reduce the likelihood that you will encounter problems or issues with tenants by being a great landlord. So, how can you be a great landlord? Be […]
Urban Institute: Renter Households to Reach More Than 50 Million By 2030
Contributing Writer, B2R Finance | Real Estate,Real Estate Investment By John Beacham, Chief Investment Officer, B2R Finance A recent report from the Urban Institute titled “Headship and Homeownership: What does the future hold?” highlighted the expected surge in renter households, from 40.7 million in 2010 to 47.9 million in 2020 and 53.7 million in […]
Rewarding Tenants Can Be Profitable
Source: This article was published with permission from Marina Shlomov of ALH|Podland Rental Homes Property Management Successful companies know that it is important to pay attention to their clientele. To keep clients happy and encourage a continuing relationship, they provide gifts, discounts, and more. In short, they go the extra mile with rewards to promote […]
The Three-Step Repositioning Process For Adding Value To Your Multifamily Properties
April 20, 2016 Source: This article was published with permission from Jake And Gino The number one goal when investing in multifamily real estate and to explode your wealth is to increase the Net Operating Income (NOI). Let me quickly define NOI as the total gross revenue subtracted by the operating expenses of a property. When […]
Is it important for a property manager to live near my property?
August 7, 2014 How important is it for a property manager to live/work near my rental property? It depends on two things: The property itself, and the scope of engagement. Do you have a whole bunch of units co-located? Do you want an onsite property manager? And how responsive does this manager need to […]
Can You Afford not to do a Back Ground Check?????
How many times have you filled in application forms without a thought to all the probing questions you’re answering? You hand over all your credit information at the bank, your doctor gets all your health data, and don’t get us started on the details you divulge when you adopt a rescue pet. So, why is […]