Keeping your top renters happy year after year might be easier thank you think. Check out this infographic on boosting resident rention.Continue Reading
Foster 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 Reading
Does your apartment building REALLY need monthly pest control?
Does your apartment building REALLY need monthly pest control? The answer: ABSOLUTELY. We have seen it time and time again when landlords have chosen to only perform pest control on an “as-needed” basis (aka, responding only when a tenant calls with a rat or roach sighting) and it ending up costing them much more than […]Continue Reading
Guest Post: Taking Care of Pests in Multifamily Units
Pests such as rats, bedbugs and roaches are a common fear among apartment dwellers, but the truth is that they can be a bigger nightmare for the property management team. Pest management is an essential part of taking care of a living, breathing investment property, and sometimes it is easy to feel overwhelmed by the […]Continue Reading
How to Use Pinterest for Property Management
Pinterest is a new but RAPIDLY growing social network which can be a powerful tool for the promotion of a property management business and/or apartment building. The website was imagined as a place where users would communicate by creating picture boards and adding pictures (called “pins”) to the boards for the entire world to see. […]Continue Reading
What 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 Reading
Do you know where your plumbing lines are going?
If you have ever been in a pre-1940s New York City apartment building, you may have noticed the mind boggling array of pipes leading every which way possible. The pipes shoot through corridors, up stairwells, down walls, ride on top of other pipes – all with seemingly no logic at all. So what happens when […]Continue Reading
First Light Property Management Welcomes Magnolia Courts Senior Living Community!
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 […]Continue Reading
Letters 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 Reading
Top 10 Cities to Buy Investment Properties
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 […]Continue Reading