Property Inspections - A BRIEF Overview

Monday, June 25, 2018 - 05:00AM

Inspections are one of the most important tools available to you as a property owner. These records, when created immediately before and after a tenant leases a property, can be used to defend yourself in the event of litigation and may be used to collect on damages should they occur. It is important, therefore, that you perform move-in and move-out inspections every time you lease, regardless of whom you are leasing to.

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Topics: inspections, move-in inspections, move-out inspections, Property Managers

Key Upcoming Trends for Property Managers to Look For

Saturday, June 23, 2018 - 05:00AM

Property managers must be always prepared for the continual changes that flood the multi-housing industry. In fact, the property manager's role has not only evolved in the last decade, but it has expanded as well. No longer do they just collect rent but have a host of other jobs as well. That means they must be versed in a variety of skills. From digital expertise to marketing to legal documents and insurance, property managers wear many hats. The juggling of tasks makes it necessary to be capable of multi-tasking. However, more than that, property managers must have an eye toward the future trends so that they can step up to the plate and proactively stay ahead of the game. With that in mind, we checked in with the Property Management Insider for a peek at their trend predictions for 2018 and provide some tips to help you keep on top of what's coming.

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Topics: property management tips

Property Managers: Tips to Find the Right Property to Buy

Thursday, June 21, 2018 - 06:00AM

Once you decide to be a landlord, it is time to find the right property to buy. While it is not always easy to find a place to buy, you should take your time so that you are completely happy with your choice. Hopefully, you will be managing it for years, as well as spending a lot of time there, so you should work hard to find the right place.

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Topics: Property Management, Landlords, Finding the Right Property

10 Things Every Renter Needs to Know About Their Lease

Monday, June 18, 2018 - 06:30AM

Whether you're still house-hunting or have just moved into your new place, the central connection between any renter and their landlord is the lease. The terms of the lease are contractually binding, meaning that once both of you sign it, you are both obligated to uphold whatever's written inside. You may think you know everything about being a renter and have seen every boiler-plate lease on the market, but when it comes to contracts, never ever assume. You never know if this landlord has customized their lease, and it's important to know what you have actually agreed to. Here are the top ten things every renter should look for in their lease agreement.

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Topics: Leasing, Leasing tips, pets, Landlords, Tenants, Tips for tenants, Tips for new tenants, Rental Tips, responsibilities of pet owners, owning a pet, maintenance issues

Tips For Moving Into an Apartment

Friday, June 15, 2018 - 06:27AM

Whether you are moving into your first apartment or moving from one to another, moving is never an easy task. You may have no idea how much you actually own until you start packing it all up! For this reason, you should always start with a plan and give yourself more time than you think that you need.

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Topics: moving tips, relocation, Leasing tips

Leasing: Nine More Tips to Relocate

Wednesday, June 13, 2018 - 06:30AM

Relocating, either to a new city or even state, can be challenging. It can be even worse if you have to relocate across the country. It is never easy, even if you have to do it more than once. It takes time and patience so that is less stressful.

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Topics: relocation, Leasing tips, moving tips

Working with Tenants to Weatherproof a Property

Monday, June 11, 2018 - 06:00AM

When you're responsible for a property, any breach in its ability to resist the elements is a potential problem. When the roof shingles need repair, you take care of it quickly, before leaks can happy. The same applies if the attic was leaking, the basement flooding, or a window cracked. Weatherproofing is no different, as it creates the necessary seal around doors and windows to keep the outside out of the properties you work hard to maintain. When it comes down to it, good weatherproofing is beneficial to everyone involved. While it keeps the house safe for you and the owner, it also lowers the power bill and increases the comfort of the tenants who live inside.

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Topics: Maintaining a property, Property Management, maintenance responsibilities

Property Managers: Tips to Find Long-Term Renters

Friday, June 08, 2018 - 06:00AM

One of the best ways to make money in real estate investments is by having long-term renters in your apartment buildings. You will save money on marketing because you won’t be constantly chasing new renters. There won’t be months when you hope that your units won’t be empty for too long.

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Topics: renters, Property Management, finding the right tenants

Damage Control During Maintenance Emergencies: 5 Effective Ways to Manage Maintenance and Repairs in A Crisis

Wednesday, June 06, 2018 - 06:00AM

There are times when property management professionals must deal with unpleasant situations. As a manager, it is your responsibility to stay calm and handle emergency maintenance situations with grace, to ensure that they are taken care of in an efficient and timely manner. When you get a call during the middle of the night about an emergency at one of your properties, these effective emergency maintenance tips will help you handle the situation with grace:

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Topics: Maintaining a property, Property Managers, residential property maintenance

How to Repair Garage Doors on Your Rental Properties

Tuesday, June 05, 2018 - 06:00AM

Parking for rental properties comes in many shapes and sizes, from street parking to carports but a vast majority of single family homes, townhomes, and duplexes have retractable garage doors. Damage to these doors is surprisingly common as almost any accidental impact can leave dents, bend tracks, or even snap tension cables, and property managers often take a hand in repairs even if the tenant is officially responsible to ensure they are done correctly and in keeping with the landlord's wishes. The good news is that garage door parts are cheap and most of the time repairs are fairly straight forward. If you're handy with a wrench and have a worried tenant on your hands, here's a quick guide on torsion-lift garages for what you can solve on your own and when it's time to call a contractor.

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Topics: How to Repair Garage Doors, rental property owners, Maintaining a property

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