Advanced Property Management Article Topics
LANDLORDING: THE HIDDEN COSTS
LANDLORDING : THE HIDDEN COSTS Real estate concept. The learning curve for new landlords can be steep. There’s learning how to deal with tenants, maintenance and legal issues and of course, all the paperwork that goes with renting properties. But that’s only part of the story. If you are a novice landlord, you will also have [...]
5 EFFECTIVE LATE FEE STRATEGIES
5 EFFECTIVE LATE FEE STRATEGIES Late fees are an important part of any property management business. That’s why it’s important that you make it clear when rent due dates, grace periods and late fees are due in all rental agreements you draw up with your tenants. Following are five strategies you can implement to ensure you receive the rent [...]
MANAGING TENANTS WITH DISABILITIES
MANAGING TENANTS WITH DISABILITIES Disabled tenants present special challenges. You can’t treat them differently from able-bodied renters. At the same time, though, you may need to make special accommodations for them. The first thing to clarify is who is considered disabled. The federal Fair Housing Act and Fair Housing Amendments state that a person is disabled if he or [...]
WHAT TO LOOK FOR IN A PROPERTY MANAGEMENT FIRM
WHAT TO LOOK FOR IN A PROPERTY MANAGEMENT FIRM Are you a landlord struggling to manage multiple property holdings? If so, chances are that you’d benefit from handing over management of those homes, apartments and/or condos to a property management company. But before you seek this kind of assistance, you need to make sure you know who you’re dealing with. Here’s [...]
FOUR COMMON MISTAKES IN HIRING A PROPERTY MANAGEMENT COMPANY
FOUR COMMON MISTAKES IN HIRING A PROPERTY MANAGEMENT COMPANY Most real estate owners have had problems with taking care of their property at one point or another. Handling one’s personal home is a difficult task that requires a substantial amount of time. That said, the responsibility, stress, and effort required for the task increases exponentially if a person becomes [...]
Why Rental Properties are a Great Investment
Many variables go into having a rental property as an investment, some riskier than others. If you are averse to investing in the stock market, owning additional property is another alternative to consider for garnering wealth. In principle, it makes a lot of sense. While it might seem like a large financial undertaking early on, there are several key benefits [...]