Fees are NOT Always Black & White This day in age, property management fees are most commonly charged as : Flat Fees Percentage of Monthly Rent While each model has it’s own strengths and weaknesses, the model must align with the landlord’s motivations in hiring a property manager to begin with. Flat Fee Property Management […]
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Hire a Property Manager when it comes at a Cost Every landlord wants to look at their bottom line and feel confident that on a month-to-month basis they will make the funds necessary to sustain their rental property and line their pockets with profit. Finding tools to make your landlording more efficient can be an […]
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Top Four Reasons to Hire a Property Manager Explained : Whether you’re a seasoned landlord or just getting started in real estate investment, the time comes in which you need to consider a property manager. This typically transpired due to the following: Not enough time to manage your rental property(ies) Systems not in place to […]
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Here is why Property Management is easier in Aurora, IL… For those that have owned rental property for 5+ years, especially when performing property management in Aurora, IL, the answer is simple… SCREEN YOUR TENANT APPLICANTS However, in order to screen your applicants, you need a solid foundation to assist you with screening your tenants. […]
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Tech is KING. Leverage Technology to be your own Property Manager and Save Money. Over the past 10 years, technology has provided a lot of tools to leverage the everyday landlord be able to manage their own rental portfolio and not have to pay a property manager to do so. Question is…with these tools and […]
Read More ›Why Hire a Property Manager? Save the landlord time Save money with time invested on the rental property Access to a 24 repair call center Have a representative that is close to the property to evaluate Obtain better marketing of rental property with a property management company Receive warranties and guarantees offered by a property […]
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Performing a Rental Property Inspection When Should a Landlord Inspect their Rental Property? Move in of new tenant (conduct a move in inspection complete with photos). When moving in the new resident, our recommendation is to use a property management inspection software compatible with your needs. In the past, we have used the following : […]
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So, You Decided to be a Landlord? Why? That’s the big question…right? What is your END GOAL as a landlord? Tax benefits, rental cashflows, prospective appreciation of property, or perhaps it is the principle paydown of your mortgage? Perhaps…it’s all of these reasons. Rental real estate provides multiple means to grow wealth through the long-term […]
Read More ›A few years back, our office implemented an inspection process which was offered quarterly. While beneficial to our office for the purpose of making sure that the tenant is taking care of the home and performing preventative maintainance checks on the property itself, it was also burdensome for the tenant. For the landlord, it was […]
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