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From the monthly archives: December 2016

We are pleased to present below all posts archived in 'December 2016'. If you still can't find what you are looking for, try using the search box.

Reasons Rent Should Be Raised and Tactful Ways Property Managers Can Deliver the Bad News

When you own investment properties, you want to get the most out of those properties. If you have a tenant who is paying rent, but not as much as you can get, you may want to look into upping the rent. Here are a few common reasons why the rent should be raised and a few tactful ways a property manager can deliver the bad news to your tenant for you.

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Should You Increase Rent on a Long-Term Tenant?

If you have a tenant who has been renting a property from you for a long time, you may come to realize that they are paying much less than fair market value for the space. This is likely because rental prices have increased quite a bit over the last five years. And unfortunately, many landlords don't raise rental prices yearly to keep up with this change. If you are in this situation, you may want to increase rent to get more out of the rental, but be hesitant to because you don't want to lose a good, long-term rental. Learning the pros and cons of this scenario will help you make the right decision.

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Distinguishing Between the HOA and the Property Management Company

It's important that neighborhood residents understand the different roles of the Home Owner's Association and the Property Management Company. Both are working for the good of the neighborhood, they simply have different jobs. A homeowner's association focus is mainly on making good decisions on behalf of the organization, while the property management company is primarily employed to oversee management, maintenance and communication. Here is a specific look at the roles that each entity typically plays. 

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Benefits of Using a Local Property Management Company

If you are looking to acquire a property management company to manage your rental properties, you have a big decision to make. Selecting the right company is important. One of the factors you will want to consider when selecting a property management company is whether the company is a local company or whether they are a larger company with multiple offices who may not be local. Learning the benefits of selecting a local company will help you decide if it is ideal for you. Here are a few of the benefits of a local company.

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