Property Management News
By Ben and Dina Lynch, Co-Founders of RentMindMe Managing your rental properties the old school way by calling, texting, and emailing your tenants the first week of every month to chase down rent…is a real pain in the #!%. We know. We did it for years. If you’re a landlord or property manager still stuck in the analog days, there are better ways that will save you time, energy, headaches, and money. Chances are you’ve heard about online rent collection. But maybe you’re wondering… How does it really make life easier for me and my tenants? We’re here to answer that question and debunk some of the most common myths that may be holding you back. 3 Myths... Read more
Common landlord mistakes that can trip up landlords is the topic this month as attorney Brad Kraus urges landlords to win the race with bad tenants. By Brad...
The U.S. Department of Housing and Urban Development’s (HUD) definition of an Assistance Animal is: “An Assistance Animal is an animal that works, provides...
You don’t wake up every morning with the intent or desire to fail. That’s just not how we, as humans, operate. And yet, I continue to see many real estate...
In 1985, the Robert Zemeckis’ blockbuster success, Back to the Future, landed in theaters. The movie thrilled audiences with its nostalgic view of the past (1950s) and...
1. Putting Yourself In Their Shoes Is Key I’ve noticed that a lot of the big landlords have been successful for so long that they start to lose touch with the challenges tenants often face. Moving and finding another place to live is incredibly stressful for all income classes—especially someone who lives paycheck to paycheck. Always be fair and just, without letting your emotions get involved. – Donald Bake, New Western Acquisitions 2. A Little Give Goes A Long Way Rental properties are an investment for the owner, but a home for their residents. Saying “yes” to a $300 repair can reduce vacancy loss a few months in the future. So go ahead, be responsive and repair the item,... Read more
Utilities are among property managers’ top operating expenses, according to the NAA’s most recent Survey of Operating Income and Expenses. Rising utility costs and...
“Cameras can be part of a security program, but they’re not the security solution itself.” That’s the first thing to understand about video surveillance...
Q: I’m a renter living in a Midtown co-op, subletting my apartment from a shareholder. The co-op board recently changed its rules, and now requires all shareholders...
Keeping onsite associates in the fold is a challenge for many apartment communities, regardless of the economy. The jobs are demanding and can be quite stressful. The...
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