Advanced Property Management Article Topics
Commercial vs Residential Property Management: What You Need to Know
Choosing an Experienced Property Management Firm Both commercial and residential properties give owners a way to expand investment opportunities and enjoy passive income, which is why many owners are open to owning both types of properties. When it comes to property management, there are some common themes between residential and commercial properties. Whether you’re a residential property owner [...]
4 TIPS IN AVOIDING LANDLORD BURNOUT
4 TIPS IN AVOIDING LANDLORD BURNOUT If you’re a landlord, your experience with real estate investment is probably more positive than negative. Unfortunately, though, a sizable minority of landlords – about 33% – report that they would not buy property to lease again. Part of the reason this happens is because some would-be investors make decisions based on prevailing [...]
THE ART OF RENT COLLECTION
THE ART OF RENT COLLECTION Being a landlord means that you have to collect rent. This one task is probably the most important – and sometimes the hardest – thing you will do at the end of every month. Rent collecting requires business savvy as well as good people skills. When you really think about it, it’s an art [...]
3 POINTS TO CONSIDER WHEN SETTING RENT
3 POINTS TO CONSIDER WHEN SETTING RENT One of the most important things you will do as a landlord is to determine how much you will charge per month for your rental units. If you are new to the landlord game or if you have just bought property in an area with which you are not familiar, here are [...]
LANDLORDS, TENANTS AND HOAs
LANDLORDS, TENANTS AND HOAs The relationship between landlords and tenants can get complicated. But when you add a homeowner’s association (HOA) into the mix as well, it gets even more complex. The first thing to know about an HOA is that it is a legal body created to maintain common areas in a neighborhood/housing development and to maintain the [...]
DEALING WITH MOLD PROPERTY MANAGEMENT COMPLAINTS FROM TENANTS
DEALING WITH MOLD PROPERTY MANAGEMENT COMPLAINTS FROM TENANTS If you own and manage rental properties, you need to know that the presence of mold can put you at risk of litigation. In the last decade,tenants across the country have won hefty settlements from landlords for health problems – such as nausea, asthma, rashes and chronic fatigue – allegedly caused [...]