AuthorKurt Kroeck

Pre-Screening Tips For Prospective Tenants

In the early days of anyone’s career as a landlord or as a property manager, one of the quickest way to turn you off to the business entirely: the bad tenant. Screening is always important, but there are a number of ways that you can pre-screen your tenants so that you catch problems before they happen and everything goes much more smoothly. Pre-screening tips by phone Most likely, every single...

After Hours Maintenance Emergencies

It was a dark and stormy night- and you, sleeping peacefully in the poppies, had no idea that disaster was striking on one of your properties. The roof began to leak to the point that the tenants were considering renting a tugboat to help move their stuff out. A tornado came, picked the house up and dropped it on some poor elderly lady’s sister. There was a small dog, and a lady floating in a...

Keeping Data Safe In Property Management

When you keep files on your residents, you are keeping a lot of information on hand. More than that, it’s very sensitive information. You wouldn’t just leave your identifying information, social security number, address and bank details laying around for others to look at: so, don’t leave your data unprotected. Data safety is quickly becoming a much bigger concern than it used to be...

Keeping Good Tenants

So you’ve found the good tenant, but how do you keep them? Tenant retention is a good thing, and yes, offering certain perks and amenities can help. However, there are some good ways that you can keep them signing your lease, year after year. Vacancy cycles are bad for a number of reasons- of course, they happen, but there are ways that you can reduce them drastically. Begin early If you...

Getting Paid Rent On Time… Online.

One of the most common questions asked by both landlords and property managers is: how do I get my renters to not only have paid rent on time, but to pay it in full? Nobody likes having to deal with slow payments or even tenants who default, and even fewer still like having to face down an eviction. (I’m sure there are some out there who do, I’ve just never met any of them and I doubt you have...

College Property Markets That Rocked in 2014

RealtyTrac’s Q2, 2014 Residential Property Rental Report, had some interesting things to say about what markets rocked and what markets just sunk like rocks. A look at the report shows that the second quarter just wasn’t as great as the same time last year: the average annual return for 2014 was about 9.9% compared to the 10.60% of 2013. While the report gives us a great look at all areas...

2015 Rental Market Trend Predictions

Multi-family is a market that is on an increasing uptick, as homeownership is still at an all time low. Rents continue to rise in response, and trends are looking very promising for the rental housing market in 2015. Though a number of sources have indicated that 2015 might be a fairly big year for home-buying, this is due to two factors: first time homebuyers with more cash and credit and the...

Tips For Saving Money As a Tenant

Renting can often be a good way to spend a lot of money. Especially with the prices for rental properties jumping up all over the country. Most renters spend a large majority of their monthly income on paying rent, not including other bills. So how does one go about saving money in these times? Here are a few tips to lower your monthly expenses and put a little extra in your bank account. Lease...

So you got an Eviction Notice?

So, you’ve missed your last month’s rent payment, and maybe the one prior. You’ve now come home to a notice on your door of eviction and are naturally concerned. Being faced with an eviction notice is never a pleasant experience, but there are a few things to remember to help you when faced with with this situation. And, while eviction laws vary from state to state, here are a...

6 Ways To Prevent Problems In Rental Units

Sprucing up your rental units isn’t all that different from taking care of your own house. You want to make sure that all the little details are attended to before they end up becoming big problems. Of course, a regular walk around and routine inspections can help, but also, if you take care of these 6 things while they’re small issues, they never really need to become big problems at...

3 Reasons You Need Renter’s Insurance

While there may be many disputes between a landlord and the potential renter, purchasing renters insurance should always be an agreement. Not only does it keep the renters possessions covered in situations but it also keeps the landlord safe from lawsuits as well. Here are the top 3 reasons why renters insurance is the best way to keep all happy and covered. Thefts and Burglaries. As the renter...

5 More Awesome Properties With Horrifying Secrets

So far, in part 1, we’ve got one property that hosted a potentially possessed kid, one that took the nation by storm in the 70s and still gets airtime even now, another that a serial killer used as command central and storage, a former funeral parlor, and a house made famous by the Halloween franchise. What’s next on the list? How about some historic properties? 713 Center Street...

5 Awesome Properties With Horrifying Secrets

As halloween nears, I thought it would be appropriate to explore some of the more interesting homes you’ll find out there. Sometimes on the market, sometimes not. We’ve talked about how there are some scary areas, and some scary properties in the practical sense: but have you ever thought about a haunted property? They’re on the market more often than you think, and if nothing...

6 Questions for Interviewing a Property Manager

Being a landlord means having a load of responsibilities. From collecting rent and utility money, property management, marketing, and maintaining a good relationship with the tenants, a landlord’s plate can seem very full. If you manage numerous rentals then you may be a bit too busy to manage your properties to the fullest. Hiring a property manager can help alleviate the stress and will ensure...

Should You Accept Section 8?

Section 8 Housing Program; Good for Landlords? Having your property approved for Section 8 Housing can seem to be a lengthy and somewhat stressful process. There is so much paperwork and inspections to deal with, it can almost seem like it’s not worth it. But just like any other venture, there are pro’s and con’s involved. For those unsure of what the Section 8 Housing Program, or the Housing...

5 New Property Management Mistakes

A great way to help generate new and consistent income is to invest in rental properties. However mistakes are made and some can end up costing you a decent amount of money. While you can have what you think is a rather strict and secure screening process, there’s still no guaranteed way to ensure you weed out bad tenants. But you can help safeguard yourself from similar situations in the future...

Avoiding Common Rental Scams

Avoiding Rental Scams In the age of technology, it’s not just renters who are getting scammed with rental properties. Now there is such a thing as tenant fraud and it can be the cause of a serious headache. Here are a few ways to help avoid all of that and to keep yourself from being a possible victim. Search through online listings Do a search of listings in your area and even a little outside...

What if I need to break my lease?

While most of our blogs are geared at landlords and property management, we also get a lot of people seeking information from the tenant perspective. In that spirit, from time to time, we offer worthwhile information that concerns that segment of the population. This is one of those times. Need to Break Your Lease? Here’s what you should know. Life always throws the unexpected at us and more...

Keeping Your Property Management Clients

So, I’ve talked a little bit about tenant retention, but how do you keep your property management clients? Getting them means marketing and promotion- but keeping them is a different area entirely. First things first, it’s important that your staff is loyal, skilled, and able to handle the tasks they are given. There are many ways of going about making sure your team is at the top of...

Senior Housing: Is it Right For You?

According to the most recent Census data, the population of seniors- that is, people age 65 and older is on the rise. Juxtaposed that, Harvard has recently released a report indicating that more seniors are renting, as more people are moving away from owning homes in favor of rentals. Now, while a good amount of those seniors do still own homes, it was estimated that there were about 5.5 million...

Rejecting a Rental Application

One of the worst hazards to navigate happens before a tenant even signs a lease: rejecting a rental application. If your pre-screening process is pretty stringent, this may not be as much of a problem- but, every now and again, it happens and handling it the right way is pretty important. Everyone deals with this in different ways, depending on the situation. Some might choose to send a reason...

Are Vacation Rentals Right For Your Company?

Industry experts say that many more Americans are opting for vacation rentals instead of hotels, and this is a trend that has continued to grow over the course of the last decade. In the past ten years, annual revenues for vacation rentals have hit around $26 billion and in the next few years, is projected to continue to rise. Vacation rentals are also much easier to manage than hotels, I’m...

Surviving the Turn: Can It Be Easier?

When I mentioned writing an article on Surviving The Turn, most people had visions along these lines: Or maybe even: Unless, of course, those people worked in property management. Surviving the Turn means something very different to most people than it does us, doesn’t it? Each and every year- whether you are a property manager, a landlord, or even a tenant, you have to deal with the end of...

Marketing Single Family Homes

I think it’s been pretty well established that investing in the rental market is a wise choice if you can get in on the right properties. Multifamily apartment complexes are typically easy to brand with all of their amenities included and usually, they already come with a reputation, be that for good or bad. Those of course, come with their own set of issues. It has also been well...

5 Reasons Your Staff Meetings Are Ineffective

And what you can do about it. Whether you’re the peppy office leader or the dour sort of middle management type: you probably know that staff meetings are an important mode of communication that can be used to deliver important information, motivate your staff, and get everyone on the same page. Your staff, however, may see it very differently. They may see it as an awkward waste of their time...

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