Whether you’re renting out one property or many of them, you won’t be a landlord long before learning that dealing with tenants can be tough. From people who don’t pay on time to people who trash your property, there are all kinds of headaches that come with the territory in the property management realm. To […]
Continue ReadingProspective Tenants
Tips on how to fill apartment vacancies: Tip #4 – Market Neighborhood Businesses
Tips on how to fill apartment vacancies: Tip #4 – Market Neighborhood Businesses Is the property that you manage or own located within a few miles of a shopping mall, retail store (think: Wal-Mart), grocery store or large restaurant? If so, then you have a very easy way to potentially garner new tenants who have […]
Continue ReadingWhat are some good examples of bad leasing policies?
The American Apartment Owners Association posted an article on their blog that brings up a very relevant point in regards to leasing policies: bad policies can lead to bad tenants. We, as landlords, must set the standard from the beginning when engaging resident-prospects. If we are lazy with our reference checks, credit checks, rental history […]
Continue ReadingTips on how to fill apartment vacancies: Tip #2 Offer a Move-In Special
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 […]
Continue ReadingTips on how to fill apartment vacancies: Tip #1 Refer-a-friend
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 […]
Continue ReadingQR (Quick Response) Codes and Property Management
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 […]
Continue ReadingHow to screen and verify tenants for your rental property
The proper and through screening of prospective residents for your investment property is one of the most critical tasks that you as a property owner. By doing the leg work (and phone work) up front, you can certainly limit yourself from unneeded hassles and/or loss of rent income.
Continue ReadingLeasing Apartments in Los Angeles Using Video (Part 3 of 3)
In my last two posts, I talked about how and why to create an apartment leasing video. Now lets spend a final moment talking about where this video lives in your online apartment marketing scheme.
Continue ReadingWhat are some legal reasons to reject a potential tenant?
Finding great tenants can sometimes be very challenging, especially with apartment vacancies reaching record highs. But just because Depression 2.0 is making leasing difficult, it does not mean that we, as property managers do not have a fiduciary duty to protect our clients from dead-beat and/or potentially dangerous tenants. Diligent tenant screening is important and we must, however, keep in mind that […]
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