Is the Price Right?
Is the Price Right?
Charging the correct rent price for your rental property can not be a price you pick out of a hat. The all important monthly rent will be the difference in making a profit from your investment. The rental charge will not necessarily be what you want, but the price that is fair market in your area.
Protect Yourself From a Bad Property Manager
We’re not too proud to say we made gigantic mistakes when we hired property managers some of our properties. Our biggest errors happened before we even bought the properties, but we continued to make them until one day Dave was reading his name in the paper, calling him “an absentee landlord of a local crack house”, and we were making the discovery that our other property manager was robbing rent money from us. Here’s how to protect yourself from bad property managers and avoid our mistakes.
Evaluate Tenants and Reduce Your Risk
How do you minimize the risk of your investment? While every lease is different, the methods for protecting your investment are similar in most transactions: Securing the upfront expenses, evaluating references, and inspecting the current premises of the proposed tenant.
So, You’re Thinking of Becoming a Landlord
If you are thinking of becoming a landlord, there is a lot more involved than just purchasing a house or apartment building. If you are buying a property that has already been used as a rental property, get all the records you can, what has been the rental history of the property, what repairs have been made, what has been the maintenance schedule for the heating system, air conditioning, appliances. Look at everything.
Property Investment Management - Is it Worth the Cost?
Do you plan on investing in some property? If so, have you thought about how you might manage that investment? If you don’t intend to live inside of the property that you have purchased, you may want to look into property investment management.
Maintaining Your Property Like a Professional
Our law firm just purchased a small professional office building, but we are not large enough to employ a property manager. What is the best way to maintain the property?
How to Select a Property Manager
If you are considering hiring a property manager you need to understand the issues. What you don’t know can hurt you! This article details some of the things to think about before you make the decision: Who can I trust to manage my rental property?
Property Investment in the UK
Just as in other parts of the world, what you pay for property in the UK largely depends on that property’s location. Where a property is situated and what services and amenities are nearby is often more important to property buyers and investors than the state of the property itself. If, for example, you are looking for property in central London then you can expect to pay a premium price for that property. In the north of England and in some parts of Wales and Scotland property prices are often much cheaper.
A Day in the Life Of A Senior-Living Community Manager
This article covers the differences in the types of senior communities and discusses the distinctions for a manager. The type of work and relationships with residents are also explored.
Hire a Property Manager
Collecting rent may sound easy, but it can often be more painful than rewarding. If you are not familiar with collecting rent, you can quickly find that your tenants are taking advantage of your inexperience.
