Good morning, Multifamily! Please welcome guest blogger, Jessica Kyriakos, to the Property Management 2.0 Blog! Have a prosperous week, _Trevor Easy Rental Property Upgrades The rental property market can be very competitive. Sometimes you need to make upgrades to keep your current tenants happy and attract new ones. When you don’t have a large […]
Continue ReadingTrevor Henson
What Are The Most Expensive Real Estate Markets in the World?
Do you know what the most expensive real estate markets in the world are? The top 10 list may be a bit surprising. Infographic courtesy of jacksonrowe.com.au
Continue ReadingWhat Home Style Fits Your Prospective Tenant’s Lifestyle?
A home’s style is important for appearances, but even more important for providing comfort and enjoyment to residents with different lifestyles.
Continue ReadingFirst Light Property Management Interviewed for LA Times Article
Los Angeles Times article regarding the growing trend of first time landlords in Los Angeles.
Continue ReadingProperty Management 101: Do not use chicken wire to collect rent checks
Last week during a site inspection of a new apartment building, we found this awesome (or not!) rent collection box that the previous management company had installed. While I have to give the apartment managers a few points for creativity here, it’s an overall #FAIL as the “collection box” is located in an unlocked closet of the very public laundry room.
What are you thoughts? Creative or….?
_Trevor
Continue ReadingOwners and Renters: Beware of Rental Scams
So you’re moving 2,000 miles from your hometown and it’s time to start planning. First on your list is getting a job (hopefully you’ve already done that) and now you need to find a place to live. This is an exciting change and you shouldn’t have to worry about getting scammed; but unfortunately, it is […]
Continue ReadingFoster Good Will with Tenant Gifts
Vacancies in your building cost anywhere from $1,500 to $5,000 a month when you factor in all associated costs. Keeping the good tenants you have is always a better option than finding new ones. Any way you can foster good will with your tenant is time or money well spent. Gift giving, when done well, […]
Continue ReadingWhat Amenities Should Landlords Have for Their Tenants?
People who are looking for a new apartment or house to call home often base their choices on which amenities are included. These days, the most popular amenities tend to be geared toward the millennial generation, which generally includes individuals in their 20s and early 30s. Landlords can increase their property’s curb appeal and command […]
Continue Reading5 Ways to Keep Your Tenants Happy
Nearly 36 percent of the U.S. population rented their home or apartment in 2012, according to the U.S. Census Bureau. If you’re a property manager, you’re constantly looking to grab responsible house hunters and convince them to move in—and stay in—your building. Keeping tenants on a long-term basis costs you less money over time, as […]
Continue ReadingNew 2014 California Laws Affecting Landlords, Property Managers & Property Owners
Happy New Year! And with every New Year, the State of California bestows upon us a brand new set of laws for property managers and rental property owners. The new 2014 laws are a mix of good and bad news for landlords and I have included the most relevant (IMHO) with links below. AB 10 […]
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