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Posts Tagged ' landlord'

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Using Online Services to Make Renting Your Property Easier

Certain industries and professionals use the web for practically everything while others find it frustrating to navigate the different programs. If you're a property manager though, you're missing out on a big opportunity if you're not looking to the computer as a source of help to rent your property. 

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Reasons to Choose a Management Company Over Handling it Yourself

Managing your own rental property may seem like a good idea but it takes a lot of time and effort to really pull it off. While it may still be a good idea to some people, paying the small monthly fee is more than worth it for others. Before you decide that you are going to manage your rental properties on your own, consider these main reasons why a management company may be a better fit. 

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Renovations You Can Make to Increase the Rental Price of Your Home

Making renovations to a rental property can be tricky. You don't want to over improve the property. This may cause you to spend more money than you will ever get back in rent. However, making the right improvements can help to increase the rental price of a home. Here are a few improvements that can help you to increase the monthly rent on a rental home.

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How to Recognize Poor Property Management

Real estate may be one of your largest investments. It makes sense then that you would want to hire a top notch property management company to manage those real estate investments. A good property manager protects your investments, while a bad property manager can actually wreak havoc on your investments and actually cause you to lose money. Here are some ways to recognize poor property management. 

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3 Steps to Develop a Property Portfolio

It's surprising how much time many people will spend on searching and buying a new car and how little time they will spend on seeking out and buying a property for investment purposes. This seems to be true for many, despite the fact that an investment property can result in 20 to 30 times more value than the car! With this impressive statistic in mind, it's important to take your time in developing a quality property portfolio. There are many steps that need to be taken when you consider adding a new property to your property portfolio. Missing one of these critical steps could negatively affect your portfolio's financial success. 

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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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5 Ways to Land Better Tenants

One of the best ways to keep an HOA thriving is to ensure that the community stays populated with happy residents that stick around. Attracting the kind of residents you want in your community requires providing them with the right kind of amenities to encourage them to pick your community out of all their other options.

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3 Ways Property Managers Can De-escalate Situations with Tenants

You run into difficult situations with tenants, such as someone frustrated over an ongoing maintenance issue. Your goal is to de-escalate these encounters while remaining professional throughout the interaction. Sometimes it can be difficult, especially if you're dealing with a non-paying tenant, but you can use these methods to keep everything under control. 

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What Does Your Property Management Website Need?

Your property management website does your marketing work for you 24/7. When you have a fully featured online presence, you reduce your workload by providing the information tenants and prospective tenants need. Focus on these key elements to get the most out of your property management website. 

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