Posts Tagged 'Property Manager'

6 Key Points To Consider When Hiring Investment Property Managers

Posted on: May 26, 2011

Categories: Property Management, Things To Consider

Author: lbuen

6 Key Points To Consider When Hiring Investment Property Managers

Entrusting Real Estate To Investment Property Managers

With your investment property acquired and ready for occupancy, all you need is a company to manage it so that your little cash machine can start streaming money into your bank account in your absence. However, entrusting your investment to another company is not easy. The choice of a property manager can mean your profit or your loss. With the numerous investment property managers available, the selection process is not made any easier. For this reason, it is important that you set certain criteria based on what you need.

Criteria for Choosing Investment Property Managers

Marketing Flair and Knowledge of the Local Market. One of the primary responsibilities of your property manager is marketing your property to prospective tenants. The company can do this more effectively if they know what the… Read the rest

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How Property Management Specialists Make Your Real Estate Life Easy

Posted on: January 26, 2011

Categories: Property Management

Author: lbuen

As the upsurge of great deals rush into your real estate business, you may now be accumulating rental properties with number and locations that may be too much for you to handle. Instead of devoting you time deciding on which next handyman special to acquire, marketing your newly acquired properties or spending your weekend playing baseball with your son, your day may be encumbered with fixing leaky roofs or tackling delinquent tenants. This may be the cue for you to consider turning over the reins of property management to a property manager or a property management company.

Property Management – A Wide Range of Responsibilities
As you may already know from experience, the breadth of property management could be overwhelming, more so that your little realty empire has grown in territory. One of the important things that this

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Landlord Jailed After Trying to Suck Tenants’ Toes

Posted on: November 19, 2010

Categories: Property Management

Author: buyfixandprofit

Landlord Jailed After Trying to Suck Tenants’ Toes

Here’s a story to help give your mind a break from placing offers, negotiating short sales, and calculating cash flows.

A landlord with a bizarre foot fetish who targeted his tenants by trying to suck their toes and acting indecently in front of them has been given a 18-month prison sentence after being found guilty of a number of sexual assaults.

Can you imagine going in front of a judge and asking to break the lease because the landlord would not stop sucking on your toes?  This world is filled with some crazy people.  I bet the tenant could have negotiated a rent reduction at least.  I’ll let the bank rep suck on my toes if they reduce my mortgage by 50%!

Read the story here.

http://goo.gl/XdBXR

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Property Management 101 – Document, Enforce, Love

Posted on: September 12, 2010

Categories: Property Management

Author: buyfixandprofit

Property Management 101 – Document, Enforce, Love

Successful Property Management – It’s in the Planning

The key to successful operation of any property is planning. All property owners need a written plan guiding the day-to-day operation of their buildings. In fact, the actual planning should start prior to purchasing a property. Pre-purchase planning should include deciding in what neighborhood or area you want to buy, what size house or building you want to buy, and what mix of bedroom-size apartments you want. You will also have to decide whether you want to buy a fix-it-upper, a brand new building, or something in between. Additional planning should include how and where to finance your purchase, how much equity you have available and want to invest, and what improvements you want to make upon closing the purchase.

Document and Enforce Landlord Policies

When… Read the rest

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Don’t Shoot Your Property Manager

Posted on: September 15, 2009

Categories: Profit, Things To Consider

Author: buyfixandprofit

After a break in at one our properties, our construction manager/partner decided to start doing nightly surveillance for an hour or so every night to make sure our latest rehab was secure until the new tenant moved in.  Mark would drive his plain blue van with no rear windows past some of our on going projects and then park a couple houses down from the property he was staking out.

One night while Mark and I were talking on the phone, Mark was driving past one of our houses and saw the front door wide open with the lights on.  Someone was inside our house that was just broken into the other day.  Mark’s adrenaline spiked through the roof as he informed me that he was going inside to get this guy.   You have to understand, Mark is not afraid… Read the rest

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