Tag Archives: owners

Before You Rent Out Your Home

Before You Rent Out Your Home

Posted on 08. Jul, 2015 by .

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There are both positive and not-so-positive things to consider before renting out your home and becoming a property manager. Pros include an increase to your income and a steady cash flow. But being a landlord may require you to go out of your comfort zone and deal with emergency maintenance or difficult renters. Before taking the next step, here are a few tips from Trulia to […]

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Property Managers and Problem Residents Find Solutions

Property Managers and Problem Residents Find Solutions

Posted on 02. Jun, 2015 by .

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The list of quandaries property managers and landlords face when dealing with difficult residents is long. The good news is that solutions exist and having them can make all the difference in the world. Property managers and landlords need to know their rights, the laws of the state they live in, as should residents. When […]

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Give Distressed Property Owners a Government-Backed Solution

Give Distressed Property Owners a Government-Backed Solution

Posted on 12. Mar, 2015 by .

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Opportunity is often disguised in distressful situations. Property managers know that all too well. Many have shared with me how they turned “lemons” into “lemonade” by their careful vigilance. Recently The Federal Housing Finance Agency (FHFA) announced new requirements for sales of non-performing loans (NPLs) by Freddie Mac and Fannie Mae (the Enterprises).  This involves […]

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Property Managers Can Grow By Acquiring Their Competition

Property Managers Can Grow By Acquiring Their Competition

Posted on 03. Mar, 2015 by .

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Often in my articles I’ll comment on smart ways for property management companies to grow their existing businesses. Organic growth is the primary approach but not the only one. Another hot topic for property managers is how to stay one step ahead of the competition. With the assistance of the latest technologies you can save […]

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How to Survive an Audit

How to Survive an Audit

Posted on 19. Mar, 2013 by .

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They’re the words that strike fear in most of us. “You’re being audited.” First, don’t panic. Many IRS audits are simple requests for information that you can provide by mail. Providing the information requested on a timely basis typically satisfies the IRS.

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Insurance: A Must-Have or No Go?

Insurance: A Must-Have or No Go?

Posted on 05. Feb, 2013 by .

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Some days it feels like companies are pushing for every kind of insurance, and it’s hard to imagine shelling out any more of your hard-earned dollars for something you’re not sure you need. But at the heart of it all, insurance is about one thing: Protection.

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When To Hire A Property Manager (Infographic)

When To Hire A Property Manager (Infographic)

Posted on 31. Oct, 2012 by .

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Knowing when to hire a professional to manage your rental property can be difficult.

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San Francisco, CA Suburb San Rafael Bans Smoking In Multi-Family Homes

San Francisco, CA Suburb San Rafael Bans Smoking In Multi-Family Homes

Posted on 31. Oct, 2012 by .

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San Rafael City Council recently voted unanimously to ban smoking in duplexes, condominiums and other mult-family homes.

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Hurricane Sandy: Last Minute Preparations for Property Managers

Hurricane Sandy: Last Minute Preparations for Property Managers

Posted on 29. Oct, 2012 by .

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With the mid-Atlantic bracing for a “one hundred year storm,” property managers can take last minute proactive steps to help mitigate risk.

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Low-Income Housing Tax Credit: What is it and How to Pass Inspections?

Low-Income Housing Tax Credit: What is it and How to Pass Inspections?

Posted on 02. Jul, 2012 by .

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One of the fastest growing segments of the rental housing market is low-income, affordable housing. Since the Tax Reform Act of 1986 there have been government-sponsored tax incentives for the utilization of private equity in the development of low-income rental housing designed for Americans who qualify as low-income.

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Importance of Rental Payment History

Importance of Rental Payment History

Posted on 23. Mar, 2012 by .

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Used in conjunction with credit evaluations and traditional screening methods, rental payment history can go a long way toward filling up an apartment community with qualified renters who pay on time.Resident screening companies love data. To determine whether or not a prospect is worthy of renting an apartment, vast databases are scanned for past purchasing behaviors, job histories, on-time and overdue payments and of course, credit history.

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Carbon Monoxide Detectors

Carbon Monoxide Detectors

Posted on 16. Feb, 2012 by .

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The Carbon Monoxide Poisoning Prevention Act of 2010, also known as SB 183, is effective as to single-family detached residences on July 1, 2011, and all other residential units on January 1, 2013. It requires that residential property be equipped with a carbon monoxide device when the property has an attached garage or fossil fuel (coal, kerosene, oil, wood, fuel gasses and other petroleum or hydrocarbon products that emit carbon monoxide as a byproduct of combustion) heater or appliance or fireplace.

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Let Your Clients Know that They Can Be the Bank and Prosper

Let Your Clients Know that They Can Be the Bank and Prosper

Posted on 14. Feb, 2012 by .

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Houses in America are “the best value they’ve been in many generations” according to a housing analyst I interviewed recently. He enthusiastically reminded me that this is the time investors can “…pay below-market prices as banks try to unload properties.” This is a reality in every region of the country right now.

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Landscaping Resources for Property Managers

Landscaping Resources for Property Managers

Posted on 02. Feb, 2012 by .

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Out of the countless ways a conventional landscape can become more “green” and sustainable, we’ve compiled a list of 3 suggestions with the best ROI for property managers.

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Investors Favor City Apartments Over Suburban Communities

Investors Favor City Apartments Over Suburban Communities

Posted on 19. Jan, 2012 by .

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Apartment building sales continue to remain strong, but in some areas investors are opting to invest in properties in cities rather than the suburbs. Two deals in the Boston area serve as a prime example.

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Tom Brady’s Green Mansion Nears Completion

Tom Brady’s Green Mansion Nears Completion

Posted on 21. Dec, 2011 by .

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Tom Brady’s green dream mansion in Los Angeles is nearly completed, and should be quite the touchdown pass to environmentalists.

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How to Select a Property Manager

How to Select a Property Manager

Posted on 21. Nov, 2011 by .

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A recent set of circumstances helped me to realize that property managers might want to know how owners and investors go about selecting a manager for their property.

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Renting vs. Owning: The Rent Ratio

Renting vs. Owning: The Rent Ratio

Posted on 03. Nov, 2011 by .

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The buy-versus-rent question is particularly relevant right now as we see home prices continuing to decline and interest rates on new mortgages also going down to the lowest levels in 60 years. Back in April of 2010 The New York Times did an impressive job of explaining the ratio that helps define whether it is economically more sensible for residents to buy or rent their housing.

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Media Mogul John Malone is the Largest Land Owner in U.S.

Media Mogul John Malone is the Largest Land Owner in U.S.

Posted on 13. Oct, 2011 by .

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With Ted Turner a close runner up, John Malone is now the largest land owner in the United States.

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Let Your Owners Know You’re a Source for Real Estate News

Let Your Owners Know You’re a Source for Real Estate News

Posted on 03. Oct, 2011 by .

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Give owners some ideas on how they can take advantage of today’s real estate and financial trends. Impress them with your creativity and business acumen.

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Is It Time to Invest in Rental Property?

Is It Time to Invest in Rental Property?

Posted on 12. Sep, 2011 by .

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Now might be the perfect time to put invest in rental property. “As with many investments, the best time to get in is when most others are sitting on the sidelines,” reports CNN Money online.

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Protect and Grow Your Owner-Client Relationships

Protect and Grow Your Owner-Client Relationships

Posted on 07. Sep, 2011 by .

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Little things mean a lot in the property management business. Maintaining a strong rapport with your owner-clients derives from focusing on those “little things” and attending to the details that forge lasting loyalty and satisfied clients.

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Financial Management Plan

Financial Management Plan

Posted on 01. Sep, 2011 by .

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If you’re actively seeking new clients (and who isn’t) writing a solid management plan can go a long way towards signing that management contract. Multi-unit managers in particular have to show owners that they can do more than simply collect the rent and evict non-paying tenants.

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Benefits of a Mandatory Renters Insurance Program

Benefits of a Mandatory Renters Insurance Program

Posted on 25. Aug, 2011 by .

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Renters Insurance by definition is the combination of Liability and Content Coverage. In most markets, an owner can only require a resident to carry Liability coverage which essentially covers damage to the asset. Annual premiums are typically less than $9-$10 a month to the Resident. When partnering with a Preferred Provider, residents will be “pre-approved” and can obtain coverage quickly and easily. Residents have the options to add content coverage to protect their personal belongings in the event of such things such as theft, fire, flood, etc.

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