Property management involves much more than just collecting rent and paying taxes. It encompasses maintenance and repairs, upkeep and beautification, and tenant relationship management. Maintenance and improvements are necessary to protect the value of the property, while other duties include advertising vacancies and showing properties, screening tenant applicants, handling bookkeeping and recordkeeping, and dealing with […]

Awesome Infographic pitting the Do-It-Yourself Landlord against the Landlord-With-the-Property-Management-Company. Happy Friday! _Trevor Courtesy of: AllPropertyManagement.com

Here at Property Management 2.0, we are always providing our perspective on property management; apartment leasing, apartment marketing, etc.  This week we thought it would be interesting to hear from a writer who is not directly related to the investment property industry and find out his take on what he looks for in a management […]

This past year was very strong for the apartment industry here in California as well as for most other parts of the U.S.   Our company’s portfolio of apartments, HOA’s and single-family-homes saw an increase in average rent; increase in occupancy levels; and a fair amount of new acquisitions.  Will 2012 continue to lead owners, investors […]

The article below was just published on Bloomberg.com and I thought I would pass it along.  Bloomberg offers a very interesting insight into the transformation that the property management industry is experiencing as home ownership continues to stagnate and rental prices rise.  A word of caution, however, to landlords who are looking to hire a […]

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 […]