Property Management Blog

Why is the tenant giving notice now! This may be your first reaction if you receive a notice to vacate from a tenant with a holiday season approaching. The first thought is that no one will rent a property in November, much less December – the holiday month. There is the prevailing belief that the property cannot possibly rent...

This is an age-old saying one can apply to a landlord/tenant relationship. Many property owners do not realize they can alter a contract by their actions. Often property owners are reluctant to issue a Pay or Quit Notice to a tenant, but then when the rent is late, it is important. The following story is true, although the names are ficti...

Emergencies and disasters happen and in many instances, you cannot avoid them. Webster terms an emergency as “an unexpected situation that requires prompt action” and a disaster as “a grave occurrence having harmful results.”   In the property management world, we see emergencies as loss of heat, a gas leak, w...

Many times, tenants offer to perform maintenance on properties. While it may seem to be an excellent idea at the time, promoting visions of saving money, and an easy repair - it can lead to many problems. Landlords need to ask themselves why the tenant is offering to absorb the time and expense of the work. There are tenants who are hone...

Many people think that professional property managers just collect rent, put tenants into a property, coordinate maintenance, and handle the move out when the time comes. That definition is far from the truth. A Professional Property Manager brings value and expertise well beyond their management fee. Anyone that owns investment property ...

Congress just passed major tax revisions to go into effect on January 1, 2018. So how will these changes affect your rental(s). As always, we encourage you to meet with your tax advisor to help you make wise decisions for 2018.NAR – National Association of Realtors UpdateWhile there is concern that the overall structure of the final...

1. Run Your Property Like a Business. Some landlords do a terrible job at running their business. It might be because they see it as a “side-gig” or a hobby” more than a business. However, when you treat your business with the respect, systems, and organization that you would treat any other business venture, amazing thi...

1. Read your lease. No, seriously read it. It won’t be the most exciting night table material but you’ll thank yourself when you do read it. A lease is a binding legal contract. It creates a binding relationship between you and your landlord. What are you agreeing to? If you don’t understand, ask questions before you sig...