In real estate investment, there are always things we can do better. As owners, our property managers are one of our greatest assets. They ensure that your real estate investments run smoothly in the day-to-day nitty gritty.
3 min read
6 New Year To-Do's for Property Managers And Landlords
Topics:
property management
property managers
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5 min read
5 Essential Questions to Ask Property Managers Before Hiring
Updated September 2022
No one person can be more instrumental in the success — or failure — of your real estate investments than your property manager. They act as organizer, middleman and voice for your investment property. A good property manager not only keep real estate investors from having to deal with the daily grind of many landlord responsibilities, but they are key in finding and keeping good tenants.
There is a phrase that is often used when talking success for real estate investors. It goes: A bad property manager can destroy a great investment every time.
Topics:
property management
property managers
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3 min read
Real Estate Investing | 4 Ultimate Strategies For Rent Payments
Sometimes it feels like a futile struggle to get tenants to pay on time. Your property manager can send reminder after reminder in every way they can think of, from the spoken word, written note, email, text, tweet to smoke signals and semaphore...sometimes nothing seems to work!
When the rent payments come in late, it can be a real inconvenience to real estate investors — particularly those who own single-family properties. At the same time, high turnover rates can be a killer for a real estate investor. Both of these issues can easily be overcome with a few simple steps and "re-evaluation" of the owner/landlord/management/tenant relationship.
Topics:
tenant relations
property management
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3 min read
How to Minimize Property Management Headaches
Whether you’ve taken on landlord responsibilities yourself as a real estate investor or you’ve hired a property manager, there are things people dislike about property management.
It’s not all petty griping —there are some good reasons to complain. When you invest in real estate, It's a job that takes enormous patience, sacrifice and interpersonal and organizational skills. Add the responsibility of managing your properties and it’s not for the faint of heart.
4 min read
Want to Save Money in the Long Run? Attentive Property Management!
As the old saying goes, an ounce of prevention is worth a pound of cure. If you’ve been letting property maintenance slide, you might be throwing money away. Property management isn’t something that real estate investors really like to deal with — but it’s a necessary element to any investment.
3 min read
Why Rent? Insights for Real Estate Investors
While rent rates continue their slow climb, surprisingly, the vacancies in apartments are on the downswing. Reis reported a 3.2% rent increase in 2013, compared to the vacancy decline of 4.1%. That trend doesn’t seem to be changing, as it's similar to the statistics of 2012. More and more people are turning to renting despite rising costs. One would think that wouldn’t be the case, but it’s good news for real estate investors.
4 min read
The Qualities of Great Property Management & Customer Service
Whether you are managing your own properties or you’re outsourcing to a property manager, there are ways to ensure that your tenants have a great customer service experience.
3 min read
What You Need to Know About Security Deposits
Security deposits have a reputation for being a source of tension between tenants and owners, but they don’t have to be. Security deposits are a necessary way to safeguard your investment and encourage good tenants to take care of a property. There are plenty of steps you can take, whether you are working directly with tenants or having your property management handled by someone else, to make sure they are managed with honesty, fairness and efficiency. With these security deposit investment tips, you can avoid headaches and potential legal troubles.
3 min read
Should Someone Else Handle Your Property Management?
There are plenty of rewarding things about managing your own rental properties. Some landlords are thrilled by the prospect of finding the perfect tenants for their properties and building lasting relationships with them. They find the experience of managing and maintaining a property to be very rewarding — and it certainly can be!
2 min read
Property Management And Tenant Repair Issues [Infographic]
I was doing some research this week on improving tenant relationships with their property management companies and I came across this info-graphic. Part of the research was on how to respond quicker and provide better service to tenants who have issues with their rental properties. For a company like Premier Property Management where 100% of the properties we manage are owned for real estate investing purposes, quick reaction and tenant satisfaction will go a long way in helping an owner have a consistent and reliable income stream.
