Posts Categorized: Property Management

Part of your success as a landlord depends on finding great tenants who will be reliable and responsible. Finding these tenants isn’t always easy, so you’ll want to advertise in several different places to give you a large pool of applicants to choose from. Craigslist is commonly used by renters looking for a new place… Read more »

The last thing any landlord wants to deal with is losing money because of a bad tenant. Despite this, sometimes it can be difficult for landlords to know whether it’s worth pursuing the money they’re owed. One situation that can be tricky to navigate is knowing whether it’s okay to use security deposits for unpaid… Read more »

Good tenants make your job as a landlord or property manager easier. They pay their rent on time, they’re respectful of your property, and they let you know when something needs maintenance or repair. Naturally, you want to keep good tenants at your property for as long as possible. Not only do you know you… Read more »

Our sense of smell is linked closely with memories and emotions, so unsurprisingly, the way your rental smells is important. Former tenants can leave behind stubborn odors that may be bad enough to deter prospective tenants; in some cases, these bad smells may even keep your unit vacant. So, how can you get your property… Read more »

Communication is an essential skill for landlords and property managers. However, even those with excellent communication skills may feel at a loss on how best to communicate with tenants who cause problems. Dealing with a tenant who consistently pays their rent late or regularly causes issues with other tenants can stir up feelings of dread…. Read more »

As a landlord, few situations are as unpleasant as dealing with an unreliable tenant. Bad tenants may consistently pay their rent late (or not at all), cause trouble with your other tenants, or repeatedly break the rules outlined in the lease. Unfortunately, once they’ve signed the lease, there’s not much you can do legally to… Read more »

Effective communication is an essential skill for property managers to have. You communicate daily with tenants, service vendors, and of course, property owners. While all communication is vital, the importance of clear communication with owners can’t be overstated. You should have a thorough understanding of the owners’ needs, and the owners should feel secure knowing… Read more »

It makes sense to many landlords to invest in properties near their own homes, but it’s certainly not a requirement. Whether you’ve moved away from the area, or you found a great investment opportunity out of state, you can still be very successful as a long-distance landlord. The key is to outsource tasks and responsibilities…. Read more »

As a property manager, it’s essential to have a quick response to emergency maintenance. Taking too long to respond to maintenance complaints can be damaging to both your tenant and client relationships. Tenants may become frustrated, while a slow response could end up costing your client thousands of dollars. Missing an emergency could also make… Read more »