Property Management News

What is the easiest and lowest-risk, income-producing real estate asset you can buy, and how do the returns stack up to the risky, burdensome kind? Throughout my 15-year real estate career, I’ve listed and sold everything from a small condominium to an entire condominium complex, to a marina, bank, restaurant, grocery store, department store, office building and plot of land. I’ve asked myself which ones have made the best investments and which ones have outperformed or will outperform others over time. More simply, what’s the best kind of property to buy? If another investor asked me for my take on it, I would answer that question with a question: What kind of person are... Read more

For landlords, raising the rent can be a touchy subject. There are times when rent increases are necessary to keep up with rising costs of property ownership, yet a rent raise can spook renters from renewing their lease. There are ways to raise the rent while decreasing the sting for renters. If you can keep renters happy and protect your interests, your renters will be more likely to stay.  How to Handle a Tenant Rent Increase Savvy landlords are always keeping their rents in line with market rate by adjusting rent amounts every year. Tenants are less likely to balk at a slight rent increase ($50 or under) than they are when the rent goes up by hundreds of dollars overnight. A good... Read more