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 […]
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Infographic: Christmas & Holiday Decoration Ideas for Your Investment Property
16 Fabulous Outdoor Christmas Decorations by Terrys Fabrics.
Continue ReadingHow to Market to Your Ideal Tenants
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 ReadingSafe Ways to Collect Rent from Your Tenants
In an era where identity theft runs rampant, finding tenants who have the financial means to pay their rent in a timely and consistent manner based on their lease agreement is only half the battle. Here are four safe ways to collect rent from your tenants. Electronic transfers. If your tenant has a checking or […]
Continue ReadingProperty Management 101: Tips & Tricks for Success
The average cost of tenant turnover runs between $2,500 to $3,500 depending on the area you live in, according to FRE Real Estate and Property Management. Keeping tenant turnover low and maintaining a quality property is the focus of any property manager. But wading through the endless details of keeping a property running smoothly can […]
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 ReadingAffordable Ways to Boost Your Home’s Curb Appeal
Affordable Ways to Boost Your Home’s Curb Appeal Guest post by Jane Blanchard The first impression anyone ever has of your home starts long before they walk through the front door. Your curb appeal can say a lot about you – or not. Perhaps your flimsy door handle might reflect a flimsy hand-shake? Even while […]
Continue ReadingWhat Type of Lock is Right for Your Property?
A property manager’s top concern is security. Entry into a building or an individual room or apartment within the building must be controlled in a way that is practical and that gives the right access to the right people. With resident turnover, access to an apartment building becomes complicated. Fortunately, there are multiple options when […]
Continue ReadingNew 2014 California Laws Affecting Landlords, Property Managers & Property Owners
Happy New Year! And with every New Year, the State of California bestows upon us a brand new set of laws for property managers and rental property owners. The new 2014 laws are a mix of good and bad news for landlords and I have included the most relevant (IMHO) with links below. AB 10 […]
Continue ReadingProperty Managers Essentials
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 […]
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