Tageffective property management

Property Management Franchise- Is the Investment Really Worth it?

One of the best ways to build a successful career in this industry is with a property management franchise. Even though it won’t give you complete autonomy, many will argue that the benefits outweigh the cons. Here are a few of both, and we’ll leave it up to you to decide. Pros of a Property Management Franchise Brand Name- Companies like McDonalds are still around because they allow customers to...

Convince Residents that Renter’s Insurance is a Must

We’ve already covered some reasons why renter’s insurance is a good idea for residents and property managers alike. But how do you convince your tenants to pay for and retain a policy that many people assume is expensive and unnecessary? Be a myth buster Many renters have more than a few misconceptions that keep them from purchasing a renter’s insurance policy. Knowing which myths are most...

Safe Holiday Decorating Tips

I was 19 and decorating my first apartment for Christmas and I had my heart set on a real tree. I checked my lease and there wasn’t a rule against live trees inside, so I picked one out and brought it home. My roommate and I threw a holiday party that year and invited our friends to make ornaments for the tree with colorful paper, glitter, and other tools commonly found in the elementary...

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...

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...

Management Fees You Should Know About

Property management fees are important and when we look at them, they have to be seen as with any other business expense. First, of course, as a property owner, you want to look at the types of services and the quality of those services provided- but also, have a broad scope of different property management company quotes. Bear in mind, when you hire a property management company- you’re hiring...

Property Management Tip: Owner’s Statement?

As a property manager you handle a large amount of money. A large amount of money that needs to be accounted for and distributed on a monthly basis. No matter if it is only one property or hundreds, maintaining accurate accounts of all transactions is key to fantastic property management.

One Thing You Should Never Ignore in a Rent Roll

Most of us know what a rent roll is and how to use it, right? You have the tenants name, contact information, maybe some emergency contacts and vehicles- but have you ever thought about one key aspect that could make things for both you and the tenant even more secure? Adding photos to your rent roll can help you not only keep things in order- but it also allows your tenants much more security in...

How To Create a Craigslist Rental Listing

You probably already know that using Craigslist, Zillow, and Trulia are effective ways to advertise your rental listings. However, how you present your property on there will make a big difference. You want your ad to be effective in attracting the kind of tenants you want, while also saving you some time in the prescreening process.

Are Your Properties Winterized?

As fall begins to blanket the country, temperatures are dropping. It is the time of year to make sure all of your winterizing is complete before it becomes too late. The last thing you want to do is fight the weather as you try and winterize your properties. There is only so much that your tenants may be responsible for and it may not be a bad idea to make sure everything is ready. What are a few...

The Frugal Landlord: Reducing Maintenance Overheads

As a landlord, you want your property rental business to run as smoothly as possible, and avoid any unexpected costly surprises along the way. One unfortunate overhead that plagues every landlord are maintenance costs. They cannot be avoided, and really can cost an arm and a leg when something drastic goes wrong. Imagine burst water pipes flooding the ground floor of a family home, or a boiler...

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