Is your Homeowner’s Association maximizing the amount of reserves it could be holding?  Our experience with HOA and Community Management is that t elected Board does not always have the time or resources to look for cost savings in every single detail of the Association’s monthly bills (let’s face it, homeowners are busy).  In an […]

First Light Property Management Inc (FLPM) is proud to announce its newly formed relationship with the Magnolia Courts Senior Living Community located at 2552 Foothill Blvd, La Verne, California.  FLPM has been contracted as the exclusive 3rd-party management provider  for the 101-unit condo complex. Here is a quick description of our lovely new community: “Immerse […]

We recently received this letter from a departing resident of our Ocean Breeze apartment community located in Torrance, Ca.  Jim Masters, our residence manager, does a wonderful job to make sure that that his residents are happy from the day they move in until the day they decide to retire in South America. Thank you […]

Are you curious about where to buy your next apartment building?  Take a look at this list that was compiled from Safeguard Financial’s blog – some of the locations and statistic are a quite surprising (eg Stockton at 16.7% unemployment!?!).  What other real estate markets should be included on this list?  What will property management […]

Click here for Tip #2: Offer a Move-In Special Offering a simple $5.00 gift card to a local store or a small gift to all persons who tour your apartment building is a great incentive for people to not only visit your property but WANT to sign up afterwards.  Upon arrival, ask the prospect residents […]

Click here for Tip #1: Refer a Friend The practice of offering prospective residents a move-in special or incentive is a tried and true method to increase interest in your apartment vacancies.   Offering a free month’s rent with a year lease can be very enticing to prospects that are on a budget (and let’s face […]

One of the most difficult and time consuming aspects of owning and managing an investment property is the act of trying to fill vacancies with qualified renters.  For every day that a units sits vacant, it is money out of the owner’s pocket.  This certainly creates a sense of urgency, however not ANY applicant can […]

I recently read a blog on Property Management Daily entitled “6 Property Management Companies Using the iPhone QR Code Feature” and it set my mind motion with a host of questions:  Is the QR code technology going to be quickly surpassed with the next great reality integration marketing fad (going to way of the junk […]

Tip #1: Perform a “Drip Inspection”. Some landlords and owners forget one of the easiest and most cost-effective ways to save water: Check for dripping faucets and running toilets in each unit. The simple task of inspecting shower heads, faucets, and toilet connections for drips or runs can save hundreds (and in some cases thousands) […]

The recent reports of the decline in national homeownership have sparked much debate and buzz in the property management and multifamily industry. Has the up-and-coming generation forever shied away from homeownership and placed its faith in “permanently renting”? Or is the current adversity to home buying simply another phase of the current real estate cycle? […]