Many people feel that once a tenant is residing in the property all that is required is to “collect the check.” As property managers, we often hear this comment, but know this statement is far from reality. T...
Maintaining a property is important to any investment and normally the property owner’s responsibility. However, there are times when the tenant could be responsible and that may be difficult to determine.Habitabil...
It is crucial, when renting a property, that property managers and owners avoid discrimination. There are many pitfalls, and it requires good policies, procedures, and practices, to prevent unwanted Fair Housing com...
If you have 100 property managers in a meeting, the majority will agree that settling a security deposits dispute is one of the more difficult tasks in property management, particularly when it comes to determining &ldqu...
While reviewing their return on investment (ROI), many property owners think raising rents will improve the bottom line for the upcoming year. It is important to review income and expense figures on a regular basis and s...
Setting the rental value can be a tricky process. It is an art and a science combined, with many factors to consider. Even when a property manager and/or owner carefully derive a rental price, it is subject to change if ...
Keeping complete records of your investments, from the beginning to the end of ownership, is simply good business. A major reason for maintaining accurate records is to calculate your gains or losses when you do sell the...
Buying an investment property may be a good choice for your financial portfolio. There are items you will want to review before making a purchase.Compare property values and rentsCheck out the area property values and co...
What is habitability and why is it so important? Essentially, it is anything that endangers the livability of the property and the health and welfare of the tenants. Many common issues are lack of heat, running water, ma...
In a perfect world of landlord/tenant relations, the rent is never late; there are never maintenance problems, emergencies, or any other difficulties; tenants are never angry. However, this delightful scenario is usually...
