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.
3 min read
Being an Involved Real Estate Investor...from a Distance
Most real estate investors don’t live close to their properties. Some might live towns, cities, or even states away. Those miles and miles of separation can induce a bit of stress at times. We’ve been taught that long-distance relationships are doomed to fail, right? So we’re not surprised if you’re concerned about doing the same with your investments and property management.
3 min read
Winter Home Maintenance Checklist
Ah, winter. There’s a nip in the air, frost on the ground and...well, a lot of hazards for your properties. Maybe you didn’t start gearing up for ol’ Jack Frost as early as you wanted to, but better late than never!
7 min read
The Myth of Hands-Off Real Estate Investment
Ah, the life of real estate investing. You can sit back, relax, kick off your shoes, sip that deliciously refreshing piña colada and mumble to yourself in soothing tones, “my people are handling it.” It creates quite a vision as you are being sold all the advantages of hands-off, hands-free, completely passive real estate investing.
3 min read
What Strategy Is Trending Up In Real Estate Investing?
At this point, there really are very few 'new' techniques, strategies or markets to take advantage of when investing in real estate. With reality T.V. highlighting the buy, fix-up, sell to a retail buyer trend, many investors identify this as the best way to get involved in real estate. With so much news right now about rising interest rates, rising home prices and fewer properties on the market, it is no wonder that the retail sales strategy is getting a lot of attention. But, if you really dig into the numbers and pay attention closely, you will see that many savvy investors are taking advantage of what some think are the later stages of the best reo-to-rental market in history. Many investors are buying up properties quickly while the prices remain low and planning to ride the wave of rising inflation as it pushes rents higher.
