When an investor purchases a property with an existing tenant, the first thoughts are that rent will immediately come in and there will be no vacancy period. This means initially avoiding higher maintenance costs, leasin...
All property owners look at the return on investment (ROI) when buying or maintaining rental property. The ideal is a positive cash flow, a tax deduction, and an increase in property value. An investor certainly wants to...
Emergencies and disasters happen and in many instances, you cannot avoid them. Webster terms an emergency as “an unexpected situation that requires prompt action” and a disaster as “a grave occurrence h...
Property Management is an ever-changing business and to make it a successful venture, ongoing education is a requirement. Knowledge is the key to creative marketing, working with tenants, providing the right documentatio...
Many times tenants offer to perform maintenance on properties. While it may seem to be an excellent idea at the time, promoting visions of saving money, and an easy repair - it can lead to many problems.Landlords need to...
As they say - all things change. The rental market swings up and down depending on the current economy, interest rates and the sales market. Different markets can lead to more properties on the market for rent. If there ...
When there is wartime activity, it is important for investors to realize the existence and impact of legislation that affects rental housing and the military, particularly those in National Guard units. The Servicemember...
Lead based paint has been an important issue since March 6, 1996, when the Environmental Protection Agency (EPA) & Housing & Urban Development (HUD) released the regulations on the Residential Lead Based Paint Ha...
You may think advertising is a simple issue. Just put together a few descriptive words and place an ad in a newspaper, on a bulletin board, or on the Internet. However, advertising becomes complicated when it leads to a ...
One definition of a property manager is “someone who manages real estate for another person for compensation.” There are many duties involved, which include marketing the property, screening tenants, collecti...
