Like a health physical, home maintenance is important for your rental’s upkeep and well-being. Property maintenance is just as crucial as property management, and it should be held to the same high standards to attract quality tenants. Your potential applicants research properties online or at least do a drive-by to see if they would enjoy […]
The rental business can be lucrative and enjoyable, but it can also be a mental and physical drain if you let it. So how can you fend off exhaustion as a do it yourself landlord? If you started investing in rental properties for the passive income thinking it was going to be easy, you often […]
Landlords do have a great deal of control over who they decide to rent to … but there are lots of rules and regulations that need to be adhered to. These rules and regulations change from time to time, so landlords need to stay up on them as ignorance is not an excuse. A lot […]
Winter is always a busy time for the Maintenance crew, and the kinds of work that need doing in the winter tend much more toward ‘emergency’ This year, Metro Detroit got really cold. The news pointed out on a couple of occasions that it was colder in Detroit than it was in Antarctica! And that […]
Have you ever suffered from the dreaded business disease called “infobesity? The single biggest challenge of our collective jobs in property management is dealing with the raw amount of information that comes in. It’s something that we warn our new employees about, but it’s not something that we’re really talking about. So I thought I’d […]
The reality of evicting an unexpectedly difficult tenant might take the lord out of your landlording. When you’re a property management company dealing with lots of tenants, you see patterns in tenant behavior in general, and you quickly learn how to best respond to these patterns. As a DIY landlord only dealing with […]
You did the best that you can to encourage tenants to pay rent on time, but alas, they still pay late! It’s easy, as a DIY landlord, to slip into a less-formal relationship with your tenants — and that’s not even necessarily a bad thing. In a lot of ways, a less formal relationship means […]
If you don’t want to return their funds, you can’t legally call them a “deposit”! As a do-it-yourself landlord, there are a lot of small lessons that are often learned too late by trial and error. This month, we’re going to cover some — the ones that deal with the most treacherous of terrains: collections […]
Property managers have a particular set of skills…. Here are a couple of short anecdotes of times when someone at our property management company had to do some genuine detective work in order to fulfill a role that seems like it should be a fairly straightforward set of tasks — just to show you the […]
What does a property management company do? The answer is simple: more than most people realize. What does a property management company do all day? It’s a legitimate question – and here’s the answer, in all its complicated glory. The basic process of a property management company goes like this: Owner Intake: We add a […]