Property Management Blog

The Personal Touch

The economy definitely has mixed reviews - interest rates are still low, the stock market is working toward recovery, and many people throughout the country have been working tirelessly to help unemployment, feed the hungry, and aid disaster victims. There is record high unemployment, record home foreclosures, battles on the health care i...

Beware of Advertising

You may think advertising is a simple issue. Just put together a few descriptive words and place an ad in a newspaper, on a bulletin board, or on the Internet. However, advertising becomes complicated when it leads to a case for discrimination! The Fair Housing Laws set the guidelines on what is unacceptable in advertising. Property owner...

Credit Report not Enough

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. Many people think tenant-screening means only obtaining a curren...

Keeping Investment Records

Keeping complete records of your investments, from the beginning to the end of ownership, is simply good business. A major reason for maintaining accurate records is to calculate your gains or losses when you do sell the property. If you do not have all the documentation to back up your claims to the IRS, and you do have an audit, you...

Turning Down the Applicant

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...

Is Your Property Green?

Going Green is now the popular thing to do to help save the planet and a productive thing for everyone to do. It might surprise you that it could also help improve the bottom line of your investment property as well. By improving or adding a variety of maintenance items, you can: 1) save dollars during vacancies 2) use some as marketing i...