When should you raise the rent? Ideally, making the change after a tenant turnover is best — you simply rent the unit out to a new tenant at a higher rate. If you have the same tenants in place, though, you might end up having to increase the rent during his/her occupancy. Approaching an increase […]
Continue ReadingResident Retention
How to Maintain a Good Relationship with Your Tenant
Good tenants are like gold in the real estate market. Maintaining a good relationship with your tenants has a host of benefits – one of them being that you can rest assured that you will be paid your full rent and on time. They are also more likely to look after your property well if […]
Continue ReadingLandlords and Tenants Are Responsible for Pest Control
As warmer temperatures begin to surface, pint-sized creatures swiftly seek shelter in cooler climates. And unfortunately, this could result in an infestation of your rental property. While you can eradicate the issue before prospective tenants occupy the premises, pests can resurface if the treatments aren’t recurring. Because of the need for constant protection, many property […]
Continue ReadingDIY Landscaping to Boost Your Rental Home’s Curb Appeal
In the world of real estate, first impressions are everything. Any experienced realtor or property manager will tell you that the condition of a property’s exterior is crucial and poor outdoor aesthetics heavily influence a renter’s ultimate decision. Don’t let this happen to you! Turn your rental home into the belle of the block with […]
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 Reading6 Secrets to Make Your Rental Property Stand Out From the Crowd
Los Angeles has a booming rental market. But with so many renters, property owners are constantly fighting to get the attention of renters, boasting of the best amenities and generous incentives to sign a lease. Here are some tried and true tips to help your rental property stand out from the crowd: Remedy Any Quirks […]
Continue ReadingLetters to the Property Manager: Customer Service & the Maintenance Man
The maintenance team that a property management company employs is critical to the customer service and resident retention an apartment building. The attitude, demeanor, punctuality and friendliness of Mr. (or Ms.) Fix-It is often times the difference between a tenant moving out as soon as their lease is up or choosing to live at the […]
Continue ReadingLetters to the Property Manager: The “best person for this kind of job”
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 […]
Continue ReadingTips on how to fill apartment vacancies: Tip #3 Offer a Touring Gift
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 […]
Continue Reading