Property Management Blog

Having a small rental property with minimum square footage doesn’t necessarily mean that it can’t be attractive to prospective tenants. In fact, there are more and more people out there looking to downsize their living space and decrease the amount of stuff that they own. There are also a lot of people wanting to decrease...

When you hire a property management company to oversee your real estate investments there is a lot riding on the line. And while a good property manager can be worth their weight on gold, a bad one can truly wreak havoc.So how can you tell the wheat from the chaff BEFORE you hire them? Here are some tips:Questions to ask:How long have the...

What Is the Income Approach?The income approach is a type of real estate appraisal method that allows investors to estimate the value of a property based on the income the property generates. It’s used by taking the net operating income (NOI) of the rent collected and dividing it by the capitalization rate. It’s also known as ...

As a property manager or landlord, there are 12 steps you should take in getting a rental property ready to show to new prospective renters.  “Rent ready” means the property has been cleaned, repaired, or remodeled and that it’s in rent-able condition for new tenants. Here is a 12-point checklist to make sure y...

Investing in real estate rental properties requires a great deal of research. One very important aspect of the process is understanding how a property is going to generate cash flow from rental operations. A simple cash flow calculation can illustrate the potential of rental real estate as an investment.Here's how it works, using a fo...

There are certain advantages or being located far from your rental properties. These include:Tax Deductions for Rental Related Travel- Depending on how far you live from the rental property, traveling to the property can be expensive. However, landlords are allowed to deduct business-related travel expenses on their taxes, which can help ...

The move out process can be a stressful situation for both tenants and owners. Tenants are in the process of packing and moving while trying to still take care of their normal day-to-day responsibilities. Owners have to worry about vacancy and re-marketing expenses. In order to get through this would be stressful situation it is important...

1. Make Regular Checks On Your RentalsOne of the biggest mistakes I see with rentals is not checking on them. We do quarterly checks on the properties. At the same time we are doing the check, we change furnace filters, check batteries in the smoke detectors and CO alarms, and make sure there are no issues with plumbing leaks. We can also...

Unraveling The Secret Of Home EquityThere are a lot fancy terms and acronyms thrown around in the world of real estate and mortgage that can sometimes sound intimidating. Home equity is definitely one of those words, but it’s important to understand what it is and how it works to fully understand if purchasing a home ...

The reliance on e-commerce, social media and the Internet has given rise to con artists looking to scam unsuspecting victims out of money online. One area where scammers have found success is with those on the hunt for a property rental. But, renters are not the only victims of these scams. As a property owner, it’s important to saf...