If you're looking into whether or not you should hire a property manager, one important question will be what the property management fee structure will look like. With regard to single unit dwellings like houses, I would boil the fees down to 3 main areas:1. Property Management Fees Before LeasingOften, management companies will have a ...
When you start your quest in real estate investing, you are going to find that no matter how much effort and importance you place on tenant background screening and investigation, you are still going to have an occasional problem with a tenant who does not want to pay their rent. I emphasize does not want ...
Continuing on the theme that I was writing about in my last article, I wanted to give you a specific example that happened to me just last week in property management. A friend on mine that I manage property for referred me to one his friends to help him get his property leased. This man ...
In today's world, you never really know anybody. Think about yourself, and your family members, do you have a cousin or uncle that you just wouldn't trust to even feed your dog while you are on vacation? Well if that's true, do you think that strangers you are trying to do business with deserve any ...
When I first examined property management fees, I thought that they seemed to be a little high for the work involved. But, over the course of time that I have been in property management, I have seen many different types of tenants and found that overall, the money charged to the owner is well worth ...
There comes a day in every real estate investor / property manager's life when they have to issue a notice to vacate. Last Monday was my first time. I truly believe that this is the worst part of managing properties; other than perhaps a contractor that does shotty work and still wants to get paid. ...
If you operate a property management company and/or invest in real estate like I do, you need to be able to work with contractors and subcontractors to get the best deals possible. However, more than just finding the cheapest price, you need to be able to trust the people doing the work for you. This ...