Archive for October 2023
How to Know if a Property Management Company is Financially Well-organized
When evaluating property management companies, it is essential that you thoroughly evaluate their methods and ask specific questions. First, you can request information about their payment schedule by checking their monthly payment plan. You can also look if the direct deposit method is available. After you get the information about payment schedules and methods, you…
Read MoreThings to Know Before Allowing Pets on Your Rental Property
Pets provide humans with a variety of benefits, including unwavering companionship. Dogs help people with disabilities do their daily jobs and activities, and they are also vital assistance for them. As therapeutic companions, both cats and dogs provide their calming presence in settings like nursing homes and hospitals, helping those who are injured or recuperating…
Read MoreHow to Safely Terminate Contracts with Your Property Manager
The termination provision in your contract is important because it outlines the circumstances in which you or the property management may end the working relationship early and details the related fines or charges. If the relationship does not work out as planned, not having a clear exit strategy might bind you. It is typical for…
Read MoreComponents of an Effective Tenant Screening
In contrast to the property managed by property management companies, the buildings directly managed by the owner are usually more vulnerable to the encroachment of bad renters. This is because professional management companies can spot minute warning indicators that a property owner’s inexperienced eye could overlook. In addition, they carefully carry out the required research…
Read MoreWhy Regular Property Inspections Help Protect Property and Investment
Property owners sometimes underestimate how much damage a difficult renter can cause even in a short period of time. For many owners, there is a natural tendency to believe that everything is great as long as the rent is paid and there are no complaints. They do not know that crucial parts of their long-term…
Read MoreSome Things to Consider in Determining the Costs of Hiring a Property Management Company
Property management costs vary significantly depending on whether it is a commercial or residential property but generally speaking, they fall between 4-12% of the monthly rent. The typical rental property management cost for a single-family home is 10%. This charge will change depending on the number of properties handled, the number of units in each…
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