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Recently Published: How Are Property Managers Using Technology? Last week, Software Advice set out to learn about the state of technology among property managers. 70 property managers responded to this survey, we gathered interesting information on social media use, business growth, lead tracking, and other areas...read more Increase Rental Income and Lower Your Vacancies Many home buyers dont really think of the rental qualities of their home purchase, yet property is holds more value partly based on rent and vacancy rates. Single family homes are, or should be, more highly valued if they can be rented fast...read more Property Taxes: What Happens When Your Property Values decline Each year, from January through March, the property is assessed for property tax purposes. Generally, the preferred method of local governments is the ad valorem tax assessment. This is the method used to determine the tax for the coming year on the value of your property Emergency Maintenance Do you have procedures for an emergency. Its inevitable and always a surprise. Have some of these procedures in place and save yourself a panic. Go into the crises with a plan set down before it happens. Preventative Maintenance Preventative maintenance means getting on top of small problems before they do real damage and become expensive. Here is a short article on some of the most important simple fixes that can become a real expense Section 8 Housing What is it Section 8 is one of those mysterious programs many landlords are unclear about. There are pros and cons to section 8, but first the landlord should understand that it is not mandatory to accept section 8 applications. How to Manage a Vacation Home Imagine having a serious structural problem, like 40 gallons of water under pressure leaking and no ones home for hours or even days. Save yourself huge dollars with a just a little effort. Bee Hive In The House? Removing a bee hive when it has made a home inside your wall or in the attic can be tricky. Here are some thoughts and procedures on how to do that painlessly New Tenants: Change Locks and Protect Yourself Some managers or owners may be tempted to avoid the expense of a lock change when a new tenant moves in. Please, this can be dangerous. An owner or manager should never allow the possibility of access to anothers unit Tenant Pets When You Must Say Yes Being a pet lover myself, the choice is the owners to make, Fair Housing Law does not consider the pet owner a protected class and you may say no to pets in your property. But be careful, there are circumstances where your can be sued Tenant Screening Software: Statistics Based Model This is the other kind... Statistical modeling is the most hands off type of resident screening. Tenant Screening Software: Rules Based Model There are basically two kinds of software that property managers are using to help lighten the load and keep the number of bad tenants to an absolute minimum. How to Avoid Tenant Landlord Disputes The most common tenant landlord disputes can be avoided by proper procedure. If owners would keep the basics together, then most tenant disputes would just melt away. Tenant Improvements Who is Responsible Are you responsible for all requests that tenants may make for improvements..We all like to accommodate good tenants, but still its out of the owners pocket. What are the circumstances when you must say yes. Increase Your Rental Income As the real estate market slowdown continues, many owners are looking for ways to increase income. There are quite a few simple tips on how to get more monthly income out of areas that could be producing income. Remodel for Extra Income Just as you should consider how to spend your remodel dollar to maximize value, you should consider a remodel for increasing income. Granny units are good investments and increase income now. Remodel for the Best ROI Whats the best bang for your remodel dollar. Some projects have more appeal and create higher dollar returns. Hers a few of them... The Property Management Contract - Taking it Apart The property management contract defines your relationship with your representative. Here are some tips to help you keep your edge and to be sure you are not taken advantage of, by less than obvious fees. The Landlord Tenant Relationship How to stay in charge Its important from the start to create a friendly but professional relationship with all tenants. Too many owners rent to people they like and assume if they are nice and they are friendly that all will go well. Wrong. This is your business and although you want a pleasant exchange, you are not a friend, you are a landlord. If you create a friend rather than a friendly tenancy you will have a tough time enforcing the house rules. How to Convert or Create a Smoke Free Policy in Your Building No smoking policy is good business and good for the environment. It will save you maintenance costs and lower your insurance premiums. Heres how to convert or create a smoke free policy in your building
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