You may not notice it for a while, maybe years, because the tenant pays their rent on time and rarely complains about anything. Then one day you go to look at something inside the home and you find out they’ve been collecting “stuff” and filling up your property with it. How do you handle this? […]
Eviction is the legal process whereby a landlord regains possesion of his rental unit, typically for nonpayment or other lease violations. Each state has their own well-defined laws and procedures for evicting tenants. Failure to follow these correctly may result in money-costing delays and/or force a landlord to start the eviction process all over again. […]
Getting more quality sleep will help you remember and process things better. Continuing our chat on information overload from the past two posts, it’s time to talk about how you can improve your own brain’s ability to handle information. Most of this is obvious once you read it, but it’s probably not anything you’ve thought […]
You know that you managed your priorities well when you’ve set aside a “ready to be interrupted” time in your work schedule. So last time, we talked about what ‘information overload’ was, and mentioned that you can deal with it by modifying the information itself, or by modifying your brain so it can deal with […]
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 secret on getting tenants to do what you want: Show genuine interest to them first. So how do you get people to actually do what you want them to do? Well, obviously, if people base their decisions on their relationship with you (or your business, in this case), you gain influence over other people […]
If someone uses the carrots/sticks reward system to make you do something, they try to make you do it partly by offering you rewards and partly by threatening you. The common view of ‘how to modify someone else’s behavior’ in American culture is that it’s comprised of two basically equal parts: carrots (rewards for doing […]
Fortunately due to modern technology, the trees can breathe easy since many property management paperwork are now digitized. Property management styles run the gamut from the laissez-faire “Do nothing unless someone calls you to complain” to the highly intensive “stay on top of everything and document everything that happens along the way and produce regular […]
Some things you can brush off. These you can’t. Property management is one of many industries that operate on what market analysts call “asymmetry of information.” In other words, you as a client don’t know much about how a property management office actually functions — all you can do is look at what information you […]
Because sometimes insourcing is counterproductive. Property managers need a lot of people on their team. At the minimum, an effective property manager needs to be able to prep a new home to make it rent-ready, get a tenant into the home, collect rent, evict problem tenants, provide maintenance of the home through both occupied and […]