One of the most important jobs of a property manager is to keep the rental property occupied. Anything short of an aggressive approach to tenant turnover will cost you thousands of dollars over time. Don’t wait unit the tenant leaves to make a plan of action, start as soon as the tenant gives notice. (more…)
Author Archive
Property Management 101 – Evictions
I have been a landlord for over ten years and fortunately have never had to evict a tenant, although I have come close a couple of times. (more…)
Residential Property Manager Job Description
Job Summary
Residential property managers help investment property owners and homeowners in preserving and increasing the value of their real estate investments. They manage the day-to-day financial operations of the property, including finding and placing qualified tenants, and they ensure the property is in good working order. (more…)
Investment Property Owners and Tenancy Laws
You have just bought your first investment property and you are ready to dive in to being a landlord. The to-do list is surprisingly long: advertise rental property, create rental forms, figure out how to do credit checks, set up bank accounts for deposits, make repairs, and on and on. Make sure you add to the list gaining an understanding of the many federal, state, and local laws, governing your actions with your tenants. (more…)
Property Managers Should Take Note of Foreclosure Rates
RealtyTrac, a leading web site for foreclosure properties, releases lists documenting the foreclosure rates for 100 metropolitan areas. Listed below are cities with the highest and the lowest foreclosure rates in November. The number listed to the right of the city shows the number of households per foreclosure filing. For example, in Stockton one in every 31 households has a foreclosure filing. (more…)
Los Angeles Property Management
Los Angeles property managers are experiencing some powerful economic trends affecting rental prices and vacancy rates. (more…)
Las Vegas Property Management
Las Vegas Multiple Listing Service resale homes available in 2007:
February: 1400
April: 8654
September: 15758
These numbers speak for themselves. Las Vegas has shifted from being one of the hottest real estate markets in the country to one of the most challenging. What impact has this had on Las Vegas Property Management? (more…)
More Tax Deductions for Rental Property Owners
The last blog covered the top three tax deductions for rental property owners- mortgage interest, depreciation on real estate, and repairs. Here we will look at two more deductions. IRS Publication 527-Residential Rental Property provides added detail on the available tax deductions. (more…)
Top Three Tax Deductions for Rental Property Owners
Rental real estate provides some of the best tax deductions available to any investor. Your property manager should be knowledgeable in this area and willing to share their expertise with you. The following are usually the best three deductions. (more…)
Selecting Tenants for your Rental Property
One of the fundamental jobs of a Property Manager is to find good tenants. There are various screening tools at the property manager’s disposal. I find the following three to be the most useful- (more…)
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