Property Management Blog

What Makes a Good Tenancy

Many people feel that once a tenant is residing in the property all that is required is to collect the check. As property managers, we often hear this comment, but know this statement is far from reality. Tenancy starts before the tenant moves in, progresses while the tenant resides in the property, and continues after the tenant moves ou...

The Untimely Notice

Why is the tenant giving notice now! This may be your first reaction if you receive a notice to vacate from a tenant with a holiday season approaching. The first thought is that no one will rent a property in November, much less December - the holiday month. There is the prevailing belief that the property cannot possibly rent until the f...

What if Your Tenant Calls?

You have employed professional Property Managers because you feel their expertise will give you peace of mind regarding your investment. In particular, this alleviates having to handle difficult tenant situations. Then the phone rings and your tenant on the line. This can develop from several scenarios:You and your tenant know each other ...

Education Makes a Difference

Property Management is an ever-changing business and to make it a successful venture, ongoing education is a requirement. Knowledge is the key to creative marketing, working with tenants, providing the right documentation, understanding landlord/tenant law, and more.Who Needs Education?The answer is everyone. Applicants for vacancies need...

Handling Tenant Issues

In a perfect world of landlord/tenant relations, the rent is never late; there are never maintenance problems, emergencies, or any other difficulties; tenants are never angry. However, this delightful scenario is generally not the case and difficult situations take serious consideration and action. However, as your Property Management Com...

Keeping a Cash Reserve

You never know when something can happen that will require a large amount of cash, such as a disaster where the property is located, a major maintenance expense, an unexpectedly long vacancy, or a problem with a tenant that leads to legal action and damage. As your property management company, we work on preventative measures to keep this...

Handling Emergencies and Disasters

Emergencies and disasters happen and most of the time they cannot be avoided. Webster terms an emergency as "an unexpected situation that requires prompt action" and a disaster as "a grave occurrence having harmful results." In the property management world, we see emergencies as loss of heat, a gas leak, water leak causing flooding i...

Effective Documentation

Today, when you buy or rent a property, the amount of paperwork required is often staggering. Once upon a time, an agreement to purchase or rent a property was one page, but now the basic agreement is multiple pages accompanied by multiple disclosures or addendums. In any area of the country, it is increasingly important in today's in...

Investor Insurance

Insurance is a necessity for investment property you pay with the hope that you will never have to use it for unforseen events. With all the different emergencies, disasters, or problems that happen to a rental property, it is important a property owner have the best coverage possible. When did you last review your insurance policy fo...

Working with the Military

When there is wartime activity, it is important for investors to realize the existence and impact of legislation that affects rental housing and the military, particularly those in National Guard units. The Service member's Civil Relief Act of 2003, (SCRA), replaced the previous Soldiers and Sailors' Civil Relief Act of 1940 (SCCR...