It’s the most wonderful time of the year! That’s right, biannual walkthrough time! But don’t let this event disrupt your happy holiday season. By being prepared for your walkthrough, you’ll know exactly what to expect and you won’t get caught off guard.
Before Your Walkthrough
Your property manager may call or email you to set up the best time to do your biannual walkthrough. The property manager should prefer to conduct the walkthrough while you are home. This is especially beneficial because you can tell the property manager about any problems that might not be immediately apparent. The manger can also ask you questions if they are unsure about something.
How Long Does It Take?
Chances are, your property manager is going to be inspecting several properties during that day. Because of this, they will probably want to be as thorough as possible as quickly as possible. You should expect …
We all love our furry friends and want to take them everywhere we go. If you’re like me and you love animals, you know that they are part of the family and our best friends. What’s worse than a landlord saying that your family member can’t be in your new home? One of the huge benefits of owning a home is that you never have to worry about “no pet” policies. By owning your house, you have the right to keep your pets there with the understanding that you bear full responsibility for any damage they may cause. However, many landlords do not want to take the risk of having pets living at their property. This is all up to the landlord, and every owner is different. For your protection, you should understand your rights as a tenant and the laws that surround emotional support and service animals.
Let’s start …
Investing in property seems simple. Purchase a property, rent it out, and collect passive income. However, any investor who has also taken on the role of landlord knows how time-consuming at frustrating it can be to manage a property well without help. While obtaining a property initially may be complex, managing it once its purchased is a new level of difficult. Investors may shy away from hiring a property manager due to the cost associated. After all, real estate investments are all about making money. Most property managers charge a rate of 10-15%, which means less income in your pocket at the end of the year. However, it is important to consider the benefits of hiring a property manager.
YOUR TENANTS FEEL TAKEN CARE OF
A great property management company doesn’t just collect rent. They also build relationship with your tenants. They communicate effectively, listen carefully to complaints and requests …
The tenant/landlord relationship can be tricky to navigate, especially if you are new to renting. Every situation is different and every landlord is different as well. It’s extremely important to maintain a good relationship with your landlord for many reasons. Your landlord dictates any repairs or renovations that your home or apartment needs. They also determine whether or not to extend your lease. Needless to say, you should consider your relationship with your landlord an important one. But where do you draw the line? Can you be friends with your landlord? Is it appropriate to give them gifts? How much should you disclose to them? As a property management company, we are here to help you with those questions and more.
Consider Your Distance
Some property owners live in the same city, or even right next door to the space that they manage. Some even live in the same building …
We call ourselves property managers, and we are. We know what we do, but do you? And even more important, why do you need one?
There are many things a property manager may do. What they do is dependent on their agreement with the property owner. However, here are three things that a good property manager will do for you.
He or she should set, collect, and adjust the rent of the property. They need to know what the specific property should rent for. This is based on it’s location, condition, age, and what the market will bear. The proper cost for rents is not just what you want to receive every month. In addition, what you need to clear each month is not the right basis, either. The right person will know what to charge. In addition, he or she will be in charge of …