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Will the Home Sales Spree Soon Leave Owners Holding the Bag?

Will the Home Sales Spree Soon Leave Owners Holding the Bag?

Posted on 16. Dec, 2013 by .

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Has the housing market begun to plummet due to rising interest rates? Are rental housing values about to crash? Those who read my articles know I’m frequently asking the questions that rental property owners and managers should also be asking. The answers are vitally important during these uncertain economic times. As of November 27, 2013 the yield on the 10 year Treasury bond sits at 2.74%. This is the benchmark interest rate impacting home mortgage rates, and it’s been stuck around this level for months.

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How To Choose The Right Property Management Software (eBook)

How To Choose The Right Property Management Software (eBook)

Posted on 09. Dec, 2013 by .

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Choosing the right property management software can seem overwhelming for many property managers. Because you don’t do it very often, you may not even really know what new features to look out for when evaluating a software solution.

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How To Prepare For A Winter Storm

How To Prepare For A Winter Storm

Posted on 02. Dec, 2013 by .

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With one winter storm already recorded in the books; there’s no doubt that it’s getting cold. Today in the desert southwest it’s a balmy 27 degrees. Even a sub-tropical paradise is no longer immune to the effects of a winter storm. In a typical season, winter storms can wreak havoc, causing billions of dollars in damages.

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Property Insurance – The Basics on Insuring Your Property

Property Insurance – The Basics on Insuring Your Property

Posted on 21. Nov, 2013 by .

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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 trouble comes about when there is an problem, like a fire, slip-n-fall, or lawsuit. If you don’t have the right type of insurance, nor enough coverage, it could end up costing you a lot of money. So let’s go over the basics herein, plus we’ll discuss renter’s insurance basics and tenant liability insurance basics too.

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Guide To The Cloud: Is It Time To Move Your Software? (eBook)

Guide To The Cloud: Is It Time To Move Your Software? (eBook)

Posted on 19. Nov, 2013 by .

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Many property management companies are quickly moving their business operations to the cloud. In this complimentary eBook, we cover what cloud computing is, how it can help your business grow and why so many property management companies are using cloud-based software.

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The Rise Of A New Class Of Renters Is A Property Manager’s Dream

The Rise Of A New Class Of Renters Is A Property Manager’s Dream

Posted on 18. Nov, 2013 by .

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If you’re a potential buyer or a former owner, you’re darned if you try to own and darned if you’re currently an owner. Unless you own a rental home or a multi-family residential income property, the days of buying a house and expecting the price to automatically rise with demand aren’t here yet.

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The Top 10 Apartment Resident Complaints

The Top 10 Apartment Resident Complaints

Posted on 13. Nov, 2013 by .

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When experiencing an uptick in vacancies, most property managers ask themselves what could be causing their resident to leave. Without asking former tenants directly (or waiting for a bad review) how can you discover the reason for their discontent?

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Property Management Outside Your Comfort Zone

Property Management Outside Your Comfort Zone

Posted on 07. Nov, 2013 by .

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One of the most frequent complaints I here from property owners who don’t live in the same area as their properties is how hard it is for them to find a trustworthy, dependable property manager. “Why is so difficult?” I usually reply. The owners often answer that it’s been there experience that when the property management firm knows you’re not local (and especially if they’re from out-of-state) they don’t give them the same level of service.

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The Things Property Managers Hate To Do

The Things Property Managers Hate To Do

Posted on 06. Nov, 2013 by .

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While most of us enjoy our job, and wouldn’t dream of trading it for another; there are some things that most property managers absolutely hate to do. While we love meeting new people and enjoy helping them find their perfect home, there are some things that go along with the job many of us hate doing.

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Expert Advice: Social Media Secrets For Property Management Professionals (eBook)

Expert Advice: Social Media Secrets For Property Management Professionals (eBook)

Posted on 04. Nov, 2013 by .

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Learn how your property management business can get more exposure on social media in our latest complimentary eBook, “Expert Advice: Social Media Secrets For Property Management Professionals.” In this eBook, you will learn how to approach critical Yelp reviews, the best ways to be found on Pinterest, how to bring value to your Facebook page and much more.

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Is Your Apartment Community Ready For Halloween?

Is Your Apartment Community Ready For Halloween?

Posted on 30. Oct, 2013 by .

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Admittedly, Halloween is one of my favorite days. While serving as the gateway to the upcoming holiday season, Halloween is a day when we can let our inner child out to play. Ghosts, goblins, witches (my personal favorite) and vampires are found everywhere you look. What a great way to spend the day.

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Emailing Residential Tenants In California

Emailing Residential Tenants In California

Posted on 28. Oct, 2013 by .

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While email use is common and is growing faster than “snail mail”, the California legislature does not generally recognize email as a valid delivery method for most formal communications provided by California residential landlords to tenants . California law requires other delivery methods for most formal California residential landlord communications.

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Visual Note Taking At The 2013 NARPM Convention

Visual Note Taking At The 2013 NARPM Convention

Posted on 24. Oct, 2013 by .

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At the 2013 NARPM Convention in San Diego, we sponsored visual note taking. Graphic Recorder, Stephanie Crowley, captured the content of the presentations in real time with amazing illustrations and text.

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Keeping Your Tenants To Produce More Profits

Keeping Your Tenants To Produce More Profits

Posted on 21. Oct, 2013 by .

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In the real estate game, when we are talking rental properties, one of the most important things that will help you earn more money is long term tenants. The longer the tenant stays, the lower the number of unit turnovers you will have. Turnovers cost money! So as owners, we should do everything possible to keep our tenants – and yes, occasionally there is a bad one we might unfortunately have to “fire” and let vacate! So, let’s talk about a few ways to help the cause!

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Organized Crime Rings Target Dropboxes On Rental Properties

Organized Crime Rings Target Dropboxes On Rental Properties

Posted on 15. Oct, 2013 by .

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All across the country, a disturbing trend for property management has emerged. What was once a perfectly safe method of rent payment has now become a target for criminals. Are you still asking tenants to deposit their rent checks into a dropbox? Are you thinking it’s a safe option, because you have security cameras?

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With The Fed Still Accommodating Is It Better To Rent Or Own?

With The Fed Still Accommodating Is It Better To Rent Or Own?

Posted on 10. Oct, 2013 by .

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As I’ve anticipated for weeks the Federal Reserve said on September 18th that it would continue buying bonds at an $85 billion monthly pace for the time being. The Fed is concerned that a sharp rise in borrowing costs in recent months could hurt the housing market as well as the rest of the economy.

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Valuing Property Via The Capitalization Rate Methodology

Valuing Property Via The Capitalization Rate Methodology

Posted on 04. Oct, 2013 by .

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When one wants to value property, like an apartment building, to get a feel for what it is worth, there are two different commercially recognized valuation approaches that are used. The first one is the comparable market approach analysis (CMA), which is used both for single unit residences and multi-unit properties. The second valuation approach is called the Capitalization Rate Valuation, or “Cap Rate” and it is used primarily for income producing multi-unit and other commercial properties.

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How To Create A Safe Neighborhood For Your Tenants

How To Create A Safe Neighborhood For Your Tenants

Posted on 30. Sep, 2013 by .

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You already know that you, as a landlord, have a legal obligation to provide your tenants with a safe and secure property. This can usually be accomplished by making sure that every door and window has a working lock, and there is adequate lighting around the exterior. However, even if your property is safe and secure if the neighborhood is sketchy potential tenants will continue to avoid it.

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Hot Technology Trends (Webinar Recap)

Hot Technology Trends (Webinar Recap)

Posted on 27. Sep, 2013 by .

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On September 17th with our co-hosts Grace Hill, we hosted an informative webinar titled ‘Hot Technology Trends,’ featuring Nat Kunes, Director of Product Management at AppFolio. Nat discussed which hot technology trends are emerging in the property management market and how you can leverage them to grow your business.

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Building Local Relationships to Increase Leasing

Building Local Relationships to Increase Leasing

Posted on 25. Sep, 2013 by .

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The number one job of the property manager is to lease. Whether it’s a unit in a multi-family complex or a single family home; the success of the property manager lies in large part in how quickly and how effectively they lease empty space. Today, there are more leasing tools available to property managers than ever before.

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Get Great References Before Renting To A New Resident

Get Great References Before Renting To A New Resident

Posted on 23. Sep, 2013 by .

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Are you ready for a shocking statistic? The latest psychological data and anecdotal evidence is that a large percentage (some studies show it’s over 50%) of the general public in the U.S. is willing to tell lies. Sometimes people call them “white lies”, others rationalize them as “half truths”, but a lie is a lie. Depending on which organization or school of psychology I’ve contacted, I’ve learned that somewhere between 10 and 15% of the population in America are classified as sociopaths.

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Preparing For Cool Weather

Preparing For Cool Weather

Posted on 16. Sep, 2013 by .

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Yes, technically it’s still summer, but we all know that Labor Day weekend marks the unofficial end of summer. While many regions of the U.S. will see warm temperatures well past Labor Day, it’s never too early to start preparing your properties for cooler temperatures. Getting a jump on seasonal preparations will also reduce the likelihood of being caught unprepared by an early winter storm.

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10 Unexpected Ways To Drive Rentals Through Social Media

10 Unexpected Ways To Drive Rentals Through Social Media

Posted on 12. Sep, 2013 by .

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Before a renter actually goes out and looks at apartment complexes, she browses online to find locations that she might like. Social media has created an opportunity to win over prospective renters before they even visit your complex’s website. But just mentioning your available units is not enough, especially if you’re managing a large property. You need to get creative.

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Property Managers: Are You Closing Enough Leads?

Property Managers: Are You Closing Enough Leads?

Posted on 09. Sep, 2013 by .

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At Fourandhalf, we spend a lot of time talking to our clients about property management marketing techniques. However, even the best marketing strategies will fall short if a property manager isn’t able to close leads. Without a lead management system, your marketing efforts, social media presence, your pay per click programs and your business networking will simply be a way of spending money instead of making it.

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