The expense of having a property manager run your rental property is not the biggest objection to hiring a property manager. Surprised?
The expense of having a property manager run your rental property is not the biggest objection to hiring a property manager. Surprised?
How do you calculate Return on Investment (ROI)?
The topic could be its own post. For this discussion, we want to give an overview of a quick way to measure the ROI that would result from having a property manager oversee the operations of your rented properties versus Doing...
When people look for property management companies, the first thing that comes to mind is "maximizing ROI." But there's more to it. Of course, ROI is the overwhelming goal, but other factors affect the relationship between a property management comp...
What makes a high-value rental property? Here are a few points to consider: Full occupancy, one hundred percent on-time payments, low turnover, responsible, clean, trustworthy tenants, a good location, excellent local management, and responsive, quick, and knowledgeable repair and maintena...
Setting the right rental rates: While looking online to see what other landlords are charging for similar properties is a fine way to ballpark your rent price, a good property management company will conduct a thorough market study in order to s...
1. Run your property like a business. Some landlords do a terrible job at running their business. It might be because they see it as a side-gig or a hobby more than a business. However, when you treat your business with the respect, systems, and organization that you would...
1. Read your lease. No, seriously read it. It won’t be the most exciting night table material but you’ll thank yourself when you do read it. A lease is a binding legal contract. It creates a binding relationship between you and your landlord. What are you agree...