Are You Managing Your Investment or Simply Collecting Rent?

Are You Managing Your Investment or Simply Collecting Rent? The decision to invest in property management ventures is often seen as a way to build a cushion for the future. Whether you assume a dual-role of owner/manager, or hire a property management company successfully managing your assets ensures the property lives up to your expectations […]

Keeping Residents and Property Owners Happy

If there is one thing that all property managers want, it’s an over abundance of qualified potential residents who need to rent or lease a place to live. The mentality of landlords vs. tenants has changed. Many managers and owners have taken the residents for granted for a long time. In writing via email more […]

6 Tips for Communication Clarity with Your Residents

You know, not everyone has a gift for writing. Some people don’t even have the basics. When I was younger, my mother was a librarian and an English teacher. She and I would sit at the kitchen table in the evenings, me struggling with the complexities of Algebra (many of which I, to this day, […]

Always Ask Residents if Something Needs Fixing

I remember when I first started in the apartment industry, someone told me to always ask my residents if there was anything in their apartment that needed fixing. Now, at the time, I thought that was kind of odd. Why would we ask if there was something WRONG with our product? That seemed … I […]

Property Ownership and Property Management Outlook 2014

The year 2013 will go down in the record books as a good year for both owners and managers of residential income properties. As I wrote recently in an article titled, It’s Tough to Afford to be a Renter These Days, “Housing affordability doesn’t look too promising as 2014 begins. If you listen to the […]

Buying Investment Property – What is a “Good” deal?

Let’s look at a tried and true way to measure rental property investment returns and what we as buyers should be looking for in our purchases. Total investment returns in real estate are really comprised of two pieces: operating positive cash flows and long-term appreciation. In today’s world, even though it probably will come, we […]

All Ads Are Not Created Equal…

All online rental ads are not created equal. In fact, many factors determine whether a rental ad will be successful at attracting renter leads. With so much information and so many choices on the internet, rental marketers need to make sure their ads catch – and hold – the attention of potential renters. Photos – […]

Property Insurance – The Basics on Insuring Your Property

When you own real estate – whether an investment or a personal residence – you should procure the proper type and dollar value of insurance needed for your property. Unfortunately, many people don’t understand the basics of how insurance coverage works, and many individuals just want to spend “as little as possible” on insurance. The […]

Moving Into A New Place? One To-Do You Should Never Ignore.

Of all the expenses to consider when preparing to move into a new apartment, is renter’s insurance should be at the top of the list. This necessary, yet inexpensive purchase will protect you and your possessions while you’re living in your new home. Apartment insurance is easy to acquire and will promise you peace and security when […]