Newer landlords and property managers face a number of difficulties within the business. Whether it’s commercial or residential work, there will always be potential for lot of landlord pitfalls, particularly to those who have a little less experience. Start off your business on the right foot by reading up about some of the mistakes that a …
The best defense is a good offense, or so they say. This turn of phrase is true for property management and in avoiding potential accidents or just generally unpleasant situations that may occur on your property. Take some of these measures to prevent as many of the following incidents as you can so that you …
Being in the business, you’re sure to know “the distinctions between insurance products available to both landlords and tenants on rental properties.” Even so, some of that information might not be completely clear, especially if you’re newer to property management or are in need of a bit of a refresher course. Read up on some …
If you employ electronic strategies to manage your property, or to work within your property management business in any way, then you need to understand the potential dangers associated with it. That is, in order to keep the information of your company and your residents or tenants safe, you have to be able to take …
“Cash for keys” sounds like a deal you might find on a used car lot, an incentive program to get a person to walk away with a vehicle by forking over a bundle of bills. The reality as it pertains to landlords isn’t so different in theory, though there isn’t a car involved, and it …
As a new landlord, you likely have a lot of things on your plate and worries for your future work with tenants. There are a number of things that you have to keep in mind and undertake in this job, and not all of it will be (even remotely) enjoyable. Unfortunately, one part of this …
There are enough pitfalls in working as a landlord that you should begin your work armed with as much information as possible. For example, know that there will be legal battles involved (most likely) and that you’ll find yourself in the middle of them. Whether a rent dispute erupts or a tenant causes trouble within …