Property Management Blog

Perhaps you just bought a rental property, or maybe you own several. You may be trying to decide whether you want to manage the properties on your own, or hire a professional property manager. There are pros and cons to each option, and today we’re talking about what you need to think about when you’re trying to make this deci...

No matter how long you’ve been investing in real estate, problems will crop up that you’ve never encountered before. Whether you’re renting out a personal property while you are away or a seasoned real estate investor, you are going to need help with your business. Fortunately, there is great news! You don&rsqu...

One of the things that’s really stressful when managing rental property is dealing with repairs. As a landlord, you surely hate the phone calls from your tenant that the toilet isn’t working or the roof is leaking. It’s easy to cringe and wonder how much money you’ll have to spend.There are a few things you can do ...

We get a lot of questions about 1031 exchanges. People ask what they are and how to make them work. I have sold real estate for 23 years, and I have always helped investors buy and sell rentals. I’ve done a lot of 1031 exchanges, and they can benefit you if the situation is right.What is a 1031 Exchange?The 1031 Exchange is also kno...

As an owner of rental property, it’s very important to make sure you and your tenant have the proper insurance coverage. A landlord insurance policy is different from the normal homeowner’s policy that you might have on the house you occupy.There are a few features to look for when you’re buying insurance for your invest...

Whether a homeowner or an investor with properties, you make decisions constantly about how to protect them, keep them in good working order, and how to keep them safe. But what happens when you need to move away for a job and don’t want to sell your home? Who will manage and care for your investment property if you don’t have...

The housing market follows the basic principles of supply in demand. When the supply of an item is plentiful, then the price is low. When an item is rare, hard to find, or in high demand, the price increases because people are willing to pay more in order to get it.The housing market was hot before the pandemic. The housing supply was alr...

Investing in real estate has proven to be an incredible wealth-building tool, with the world’s richest investors in 2021 choosing real estate over stocks according to a recent report in Bloomberg. However, despite its success, there are still some investors who shy away from real estate because of market volatility, fears about bein...

Do you have a thorough, detailed and consistent process when you do your background checks for potential tenants?  Here are eight steps that you MUST incorporate into your process so it’s rock solid.Step 1. Credit CheckThis is obviously the thing that most people do first. But don’t let it be the only thing. It's a gr...

Every landlord probably knows that at some point they will receive that unpleasant emergency call from the tenant. Let’s take a look how to handle tenant emergencies in the most quick and efficient manner and eliminate fear of dealing with the issues..First of all, what IS considered a rental property emergency? Part of knowing...