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Articles in Category: Property Management

Why You Should Never Hire a Property Maintenance Company

As an experienced real estate investor with a great deal of rentals and having bought and sold over 150 rental properties in the last 8 years, I have never met a single successful real estate investor who hired a property maintenance company. In fact, I have never even heard of a successful investor hiring one of these companies.

How does your HOA measure up?

A good HOA should not only take care of what is visible, i.e. what is on the surface, but more than anything, a good HOA should ensure that everything in the property under its care is working properly. It is dangerous to have something that look good only on the surface but fall apart from the inside.

How Heat Metering May Help You Lower Your Gas Bill

Winter is here! With it, often times you will find that your gas bill will skyrocket. To put some control into it, you could put a meter system into your property’s heating system to monitor its use. It shows that when a multi-tenant complex has heat meter which is used to bill residents for their portion of gas, the bill most of them time will decrease, sometimes even by 35%.

How to Increase Tenant Retention Rate

A high tenant retention rate is sufficient for a real estate property to produce a stabile cash flow. A property’s vacant period is costly because first, the property is not generating money. Secondly, maintenance fees would still be recurred to make sure the property is in a good condition. Although losing some tenants might be a good riddance due to their poor behavior, in most cases you would want to maintain a good tenant-landlord relationship for the sake of protecting your cash flow.

Is your property livable?

When you are managing a property, one thing you need to make sure is that the property is highly livable. Livability is important because it ensures your tenants of a healthy living condition.

Strategies to Rehab Your Property

Buying a property to be rented out could be a great move for a savvy investor. However, some of the buy to rent properties out there may need a lot of work before it is fit to be rented out.

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