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Posts Tagged 'tenants'

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How to Kindly Deal with a Hoarding Situation In your Neighborhood

Though to many people hoarding may simply seem like a nuisance to a neighborhood, people who hoard are under great psychological strain. It’s often a symptom of mental illness. Thus, if you are in the business of Homeowners Association (HOA) management, online property management, or real estate management, it’s crucial to view the hoarder less as a liability to the neighborhood and more so a person that needs medical help.

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Dealing With Problematic HOA Members

Dealing with difficult people can test your nerve in any setting. Trying to get along with a neighbor in your HOA, however, can sometimes take the challenge to the next level. There are many reasons for this, but one of the most important reasons is that we take ownership of our neighborhoods. We take responsibility for them, and we count everything that goes on in an HOA personally.

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How to Screen Potential Tenants

A responsible tenant helps establish healthy business relationships with property owners and managers. You can feel confident that the rent will be paid on time and the property will be properly maintained. A lousy tenant, on the other hand, will create a stressful relationship and make you regret your decision.

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How to Deal with the Headache of Debt Collection

One of the biggest headaches you deal with is tenants who don’t pay their rent on time or not at all. Even though your property management company has created a straightforward rent agreement and has set a system in place to ensure timely payments, some renters do not adhere to the guidelines.

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5 Design Trends for Rental Properties in 2018

Which design trends are you embracing? Gassen stays current with design rental trends. We can meet with you to help you decide which trends will give the highest ROI. Call us today and let us help you with our comprehensive property management services.

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Minnesota Ranked 3rd Best State to Live In: Is Your Property Ready?

Yes, you read the title correctly. Minnesota once again ranks among the best U.S. states to live - third to be exact. According to a U.S. News & World Report article that came out just last year, once home and business owners give Minnesota a chance, they'll never live anywhere else.

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A Proactive Approach to Tenant/Homeowner Safety and Health

Did you know that you can assess where the possible hazards are in your rentals by looking at your reserve study? If you can identify areas where safety is an issue, you can formulate a plan to prevent accidents before your new tenants move in. We formulated a checklist of core safety and health issues that arise in residential properties. These problems are common in homes, apartments, and condos - essentially, any dwelling structure.

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How to Handle Difficult HOA Members

Dealing with difficult people can test your nerve in any setting. Trying to get along with a neighbor in your HOA, however, can sometimes take the challenge to the next level. There are many reasons for this, but one of the most important reasons is that we take ownership of our neighborhoods. We take responsibility for them, and we count everything that goes on in an HOA personally.

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How Can Owners Maximize Rental Income?

Rental property can provide a favorable rate of return and steady cash flows, but only if you have the right strategy in place, including the services of a property management company. Some of the steps for maximizing rental income involve thoroughly screening tenants, establishing longer lease periods and collecting on late fees when applicable. These steps enhance the potential for better outcomes.

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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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