Archive for the ‘Property Management’ Category

How to Find a Property Manager

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Picking the right property manager can be a difficult task. Your situation is probably unique to your property and the duties that manager will be required to perform are varied. It’s important that you find the right property manager or management company for your particular needs so you?ll obviously have to assess what your needs are before you begin searching. Use the following tips to help you narrow your search. (more…)

Kitchen Remodeling can add Value to your Home

Sunday-September 9
Creative Commons License photo credit: sscornelius

Do you want to add value to your home? Ask any real estate agent and they will tell you that one of the best ways of doing so is through a kitchen remodel. Of course, this is easier said than done. Not only does it take a lot of time and money to plan and complete a kitchen remodeling project, but you must also make the right decisions in order to ensure that you receive the benefit of added value.

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Best Business Practices for Landlords

Street
Creative Commons License photo credit: Lexsion

Being a landlord is one thing, but being a good landlord is another. If you’re thinking about renting your property or getting into the landlord business then set your sights on being a good landlord and save yourself the headache and trauma of having bad tenants and facing future lawsuits. The following tips will help you in your effort to becoming a landlord that your tenants respect and may actually like.

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Your Property Management Staff

IMG_6363
Creative Commons License photo credit: Chad Jones - Gold Coast Real Tours

If you’re a landlord you know that it’s a very difficult and, at times, stressful business. You will most likely find that you need help in some form or another. Whether you’re just looking for someone to handle landscaping and snow removal or you are in need for a full time property management team, there are some things you want to keep in mind when hiring staff.

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National Property Management Association

The National Property Management Association was created in 1970 as an organization whose main purpose was to boost the reputation and careers of property management professionals. Over the years the NPMA has expanded to include property managers from almost every profession, including colleges and universities, healthcare, government, technology and manufacturing as well as traditional property managers.

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When to Hire a Property Manager

Summer Vacation 2008
Creative Commons License photo credit: merfam

If you’re a property owner you will no doubt find yourself frustrated, exhausted and sick of dealing with your properties and tenants at one point or another. It’s just a part of the investment, the highs and lows of being a landlord. But some people actually suffer from more of these lows than others and hiring a property manager is the perfect solution. If you fall into the following categories you may want to consider hiring a property manager for your rental properties.

“Too Much Property”
If you have a lot of rental units or properties and are finding them just too taxing then it’s probably time to seek outside help. You?re not doing your tenants or yourself a favor if you?re spread too thin.

“You?re too Far Away”
If you live quite a long way from your properties then you may want to find someone who is in the area who can deal with your tenants and any problems that may arise. What is too far? Well, that?s up to you and your schedule.

“You?re Not Good at It”
Let?s face it, some people just aren’t good at dealing with other people or don?t have the organization skills necessary to be a hands on landlord. If you’ve ever rented you’ve probably come across these people before and the last thing you need to do is be one of them.

If you fall into any or all of these categories you probably want to consider hiring a property manager, either a full time service or possibly just some part time help. Whatever you decide, make sure you’re making an informed and well thought out decision.


Will Adding a Bathroom Add Value to your Home?

bathroom after remodel
Creative Commons License photo credit: drcorneilus
Are you selling your home? Are you simply looking for a way to add value to your current property? If so, you may want to consider what adding a bathroom can do for the value of your home. When it comes down to it, this is one of the best ways to increase the value of your home while also attracting interested buyers. Generally speaking, bathrooms and kitchens sell homes and you need to keep this in mind when remodeling or updating.
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Avoid Landlord Shortcuts

World's biggest duct tape
Creative Commons License photo credit: zimpenfish

Like all businesses and business people, sometimes landlords, property managers and property owners get overwhelmed at times and resort to some shortcuts, but some of these shortcuts can be very detrimental to your business. Avoid the following shortcuts at all costs. (more…)

Tips for New Property Managers

bruno taut, onkel toms h?tte, 1926-1932
Creative Commons License photo credit: seier+seier+seier

Are you a first time property manager? It’s a promising career and one you can make a small fortune at if you’re a good it. Follow the tips below and you’re certain to be a stronger, better property manager and happier with the job as well. (more…)

Upgrades that Pay Off

Wall Street Kitchen 2
Creative Commons License photo credit: thekitchendesigner.org

If you’re a property owner then you’re probably looking to get the most value out of your investment as you can, especially if own rental properties and consider this a major part of your income. One way to increase the value of your property is by making wise upgrades and investments. (more…)