Property Management Blog

Wednesday, April 3, 2019

Tax Time - Make the MOST of Your Investment

The long-term goal for buying an investment property is to build equity and value over and above the initial investment of the property. In the interim, it is generally to provide the investor with yearly tax advantages while waiting for a long-term payoff. With that in mind, it is important to use every deduction available to you. It can...

Wednesday, February 6, 2019

New Year Resolutions for Landlords

The beginning of January is traditionally the time when people are planning their year and making their “New Year Resolutions.” While it is true that many people forget their resolutions as the year progresses, all property owners could benefit by sitting down and making a list of resolutions that would insure the success of t...

Wednesday, February 6, 2019

Investor Insurance

Insurance is a necessity for investment property you pay with the hope that you will never have to use it for unforseen events. With all the different emergencies, disasters, or problems that happen to a rental property, it is important a property owner have the best coverage possible. When did you last review your insurance policy for ...

Tuesday, November 13, 2018

The Untimely Notice

Why is the tenant giving notice now! This may be your first reaction if you receive a notice to vacate from a tenant with a holiday season approaching. The first thought is that no one will rent a property in November, much less December – the holiday month. There is the prevailing belief that the property cannot possibly rent...

Tuesday, November 13, 2018

Actions Speak Louder Than Words

This is an age-old saying one can apply to a landlord/tenant relationship. Many property owners do not realize they can alter a contract by their actions. Often property owners are reluctant to issue a Pay or Quit Notice to a tenant, but then when the rent is late, it is important. The following story is true, although the names are ficti...

Sunday, September 16, 2018

Handling Emergencies and Disasters

Emergencies and disasters happen and in many instances, you cannot avoid them. Webster terms an emergency as “an unexpected situation that requires prompt action” and a disaster as “a grave occurrence having harmful results.”   In the property management world, we see emergencies as loss of heat, a gas leak, w...

Thursday, August 16, 2018

Tenants Performing Maintenance

Many times, tenants offer to perform maintenance on properties. While it may seem to be an excellent idea at the time, promoting visions of saving money, and an easy repair - it can lead to many problems. Landlords need to ask themselves why the tenant is offering to absorb the time and expense of the work. There are tenants who are hone...

Monday, July 9, 2018

The Value of Professional Property Management

Many people think that professional property managers just collect rent, put tenants into a property, coordinate maintenance, and handle the move out when the time comes. That definition is far from the truth. A Professional Property Manager brings value and expertise well beyond their management fee. Anyone that owns investment property ...

Monday, July 9, 2018

New Tax Laws in 2018

Congress just passed major tax revisions to go into effect on January 1, 2018. So how will these changes affect your rental(s). As always, we encourage you to meet with your tax advisor to help you make wise decisions for 2018.NAR – National Association of Realtors UpdateWhile there is concern that the overall structure of the final...

Sunday, June 24, 2018

How to be a good landlord/property manager:

1. Run Your Property Like a Business. Some landlords do a terrible job at running their business. It might be because they see it as a “side-gig” or a hobby” more than a business. However, when you treat your business with the respect, systems, and organization that you would treat any other business venture, amazing thi...

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