Rules for Property Management Washington DC Companies: Things to Know

16. November 2016 Blog 0

Today, many people are interested in the real estate market, especially in the rental property market. Buying condos as an investment can be quite profitable, since condos are very popular these days and many people prefer staying in condos rather than in detached houses. You may lease the condos for a specific rental fee per month or redecorate to resell them at a higher price and profit. No matter what investment method you choose, you should study the market well before making any decision. If you are still a novice in real estate investing, you should seek help from a professional real estate agency. The agency will look for promising new homes on the market and manage all your properties for a small fee per month.m4
Finding a Distinguished Washington DC Property Manager

If you are into real estate investment in Washington DC but have limited knowledge and experience, you should consider hiring a professional property manager to help you manage the business. Although you can manage the properties yourself, using a property manager is recommended since the manager has experience and expertise to make your investment a profitable one. Here are some tips to help you find a distinguished Washington DC property manager.

Do Your Own Research

This is by far the most important step to finding a distinguished Washington DC property manager. You may ask for referrals from friends, relatives and colleagues , but you should spend enough time doing researching on your own. The Internet offers you unlimited resources to help you pick a suitable property management company. There are many places where you can read reviews of different real estate companies written by past and current customers. There are good reviews and bad reviews, but overall, these reviews will help you gain insight into each company and make a wise choice.

Consider the Options

Before making a choice, you should carefully weigh in different factors, such as the reputation of the company, track record, customer service quality, location of their office, their property management fees and management style. Each property management company is different, so you should contact each directly to learn about their management style as well as company culture.services1

You should personally meet with your prospective property manager and conduct a small interview to make sure he or she is a good fit. Is the manager professional and friendly? Does he manage clients’ properties in a honest and transparent way? What are the terms of the contract? These are the questions you need to find the answer to. You should discuss everything with the potential manager before you decide to sign the contract. A good property manager will answer any question you may have without feeling uncomfortable or irritated. There are many rules for property management Washington DC companies, such as homeowner association and condominium laws, professional obligations to follow. Make sure you discover the professionalism and legal status of a potential management service before hiring them.

With due diligence, you will be able to locate a good property manager to work with. Remember that a good property manager can make a difference between success and failure.


The Key Ingredients to Success for Property Management in San Diego

08. October 2016 Blog 0

Are you looking for a way to make your property management company stand out better than anything else? Well then you’re in the right place, because that’s the goal we all share, right? We want to make sure that we have what it takes to attract a client to our business so that we can really show them what we’re made of. That’s where the key ingredients for success come from.services1

 

The one big key ingredient to success for property management companies in San Diego is making sure that you are always looking for new business. Never stop seeking out potential clients and definitely never stop showing them everything that you can do. You want to constantly surpass their expectations because your clients are counting on you to accomplish great things for them. They are trusting you with their property and the more you’re able to do to improve things for them the more property or responsibilities they may be willing to turn over.

 

When you are working with a client you also need to make sure that you are completing the right work in the right way and that means making sure that you communicate continuously. Clients want to know that they are trusting the right person and being able to communicate with you and hearing your questions means that they know what you’re doing and they have a better understanding of how you’re going about helping them. More communication, as long as your client hasn’t requested that you handle things by yourself, will always help improve the relationship you have.

 

Next, make sure that you’re treating the property the way you would want someone else to treat yours. That means making sure that only the best companies are hired for services and good tenants are chosen as renters. You don’t want to spend a lot of time and effort on a piece of property for your clients and then find out that the tenants you chose aren’t taking care of it themselves. This will look bad on you as the property manager and it’s also going to look bad for your client as the property owner if anyone else happens to come by.

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The more you do for your clients and their property the better it’s going to look for you and the better you’re going to seem to others who are looking for similar services. Make sure that you’re always treating every property as if it’s the one making your living and you’ll have the right impact on others who are looking for your type of services. They’re going to see what you have to offer and they’re definitely going to want that type of service for themselves and their properties, whether residential or commercial. This is going to bode well for you and it’s definitely going to mean that you get the business you need to keep your company running.

 

The key ingredient to success is that there are many aspects associated with your success and the more you put into it and work at driving your sales and success, the better you’re going to do overall.

 


Ready to Hire a Professional Colorado Springs Property Management Company?

28. September 2016 Blog 0

 

If you’re a property owner and you’ve been handling the business of being a landlord, perhaps it’s time to hire a professional Colorado Springs property management company to handle renting your property instead. There are many good reasons for doing it.

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Not Having to Find Renters

 

One of the big reasons for going with professional Colorado Springs property management company is to not have to look for and vet renters. This can be a real hassle when you have multiple properties and other jobs. You have to take time out of your busy day to interview prospective renters, chase down their references, look up their credit history, and other things that take time. And if this is your first time renting property, you may not have thought of everything to check into to ensure that you are getting a quality renter.

 

Professional Colorado Springs property management companies already have the knowledge and experience to find good renters. They know the ins and outs of the rental process and they do the advertising for you. They have professional contracts that will ensure you get your rent payments and are legally protected if there is damage to your property.

 

Not Having to Deal with Renters

 

Dealing with renters can be a real hassle. Collecting rent, fixing broken items, and other day to day management can take time out of your day. That’s why a professional Colorado Springs property management company is so valuable to you. The property management company provides an insulating layer between you and the renter. You get your money on time and you don’t have to worry about fixing something on the property if it breaks. The property management company takes care of hiring the serviceperson who will be doing the repairs, or buying and replacing broken appliances. Yes, you pay for the fixes, but it’s better than having to worry about scheduling and finding the person you need to do the job.

 

If the rent is late, the management company handles dealing with the renter and making sure that the renter will pay. They’ll handle evictions and collections on your behalf as well, in many cases.

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Think of it as Hiring a Landlord

 

You’re renting your property to make money, not to play landlord to a group of renters. Whether you have one piece of property or several pieces of properties, it makes sense to hire a property management company. No one can be experts in everything, which is why you do what you do, and property management companies do what they do. It’s like hiring a landlord to handle your rentals. You deal with the property management company and the property management company deals with renters. What could be simpler?

 

If you’re busy with your own job or business, take this one time sink off your plate. Have a professional Colorado Springs Property Management Company rent your property for you. Then, you can stop worrying about your property and instead focus on more important things in your life such as your family, your work, and your business.


The Best Property Managers in Durham, NC Know How to Keep Elderly Tenants Safe

26. September 2016 Blog 0

As a property manager, keeping your tenants safe is top priority. If your tentants are happy, then you and your employees are happy. But working to keep your tentants safe is a job that requires your full attention, and is generally done with the best property managers in Durham, NC.

When it comes to your elderly tenants, there are a few other things to keep in mind. As people get older, it becomes more difficult for them to do the things they once could do. Here are some ways property managers can ensure a tenant’s safety.m4

Have Emergency Contact Information Handy

It is important for property managers to always have the emergency contact information of their elderly tenants readily accessible.

In addition to this, make sure that you provide your contact information to all parties involved. This allows them to reach you if they cannot reach the elderly tenant. These acts help create a safety net around your tenant and make it much easier for help to be available when needed.

Increase Units and Complex Safety

Additional safety measures are never a bad thing to have in place. These safety measures work exceedingly well to prevent any accidents or injuries. The necessity of these safety measures increases a hundredfold when you are housing elderly tenants. Elderly tenants are more prone to slip and fall, so it is imperative that property managers work to mitigate this possibility.

There are several ways that a property manager can increase the safety of their unit or complex. The first way is to make sure that all walkways, stairwells, and hallways within the property are well lit, cleared of clutter, and easily accessible. In addition to this, make sure that stairs and elevated platforms come equipped with railings and support banisters, which will make them much easier to scale for those who are not so agile. In the instance that your tenant has a carpet as part of their unit, make sure that it is placed securely into the ground to prevent the possibility of the carpet slipping as they move across it. This will help reduce the possibility of them falling down while on the move.

Safety Plans And Evacuations

It is imperative that your housing complex has appropriate safety plans in place, and this includes fire safety plans etc. as well as evacuation routes. It is necessary that your elderly tenants are briefed on the safety plans, which are in place to protect them, and instructed on how they are supposed to evacuate in the event that danger arises. Property managers should make sure that each unit is well equipped with fire extinguishers, smoke detectors, and other preventative tools that will help reduce the chance of injury or death within the elderly tenants living space. In addition to this, managers should conduct regularly scheduled maintenance visits to make sure that there is nothing within the unit that poses a safety threat to their elderly tenant.m5

Also, it is always crucial to have at least two exit points within a room to allow for easy evacuation. This is much more important when it comes to elderly tenants because most of them will be moving at a much slower pace, and might not be able to make use of some of these exit points. It is necessary for the property manager to have a conversation with their elderly tenant to see if they have any special needs that can be worked into safety and evacuation plans. This will make each of these things much easier and effective on your tenant.


Reputable Property Management Firms in Santa Monica

24. September 2016 Blog 0

Westside Property Management

Westside Property Management includes leasing, maintenance and sale services. The company is family-owned and operated, and is one of the excellent property management firms in Santa Monica, The principals of Westside Property Management have more than 65 years of combined commercial and residential real estate experience. Working with this management firm, clients can expect access to a variety of services, including:

  • comprehensive property management
  • leasing and marketings2
  • tenant evictions
  • tenant screening and billing
  • maintenance requests
  • online pay portals for residents
  • investment consulting and strategies

Westside Property Management manages :

  • condominum units
  • single family homes
  • estate properties
  • duplexes
  • apartment buildings
  • commercial/retail properties

Contact Westside Property Management for a free property management consultation.

SHL Management Company

SHL Management Company is a property management firm in Santa Monica that has been around since 1959. In this time, SHL has established a proven track record. SHL Management Company will help you to maintain quality property and assure that you rent and lease to qualified tenants. The company will make sure your return on real estate investments is maximized. SHL works with clients who own commercial centers, office buildings, apartments and single-family homes.

SHL Management Company’s services include:

  • application reviews
  • credit and reference checks
  • efficient collection of rent
  • full financial reporting
  • evictions
  • quality property maintenance & repairs at affordable rates

Wall Street Realty-Property Management

Wall Street Realty-Property Management was established in 1999, and provides excellent service for Homeowners Associations and income properties. The management company provides competitive management fees and outstanding quality services.

Wall Street Realty-Property Management’s duties while working with Homeowners Associations include:

  • sending monthly assessment bills
  • receiving checks and depositing into accounts of HOA’s
  • preparing monthly financial statements
  • working with Board of Directors
  • Common area maintenance
  • ensuring timely filing of taxes or proper extensions
  • direct relationships with attorneys

In addition to working with Homeowners Associations, Wall Street Realty-Property Management also manages income properties for Landlords, allowing them to manage time efficiently, meeting business or personal needs. Landlords are able to delegate tasks to Wall-Street Realty-Property Management, giving them the opportunity to handle other business matters or enjoy leisure time. Landlords have peace of mind, knowing their properties are being handled carefully.s3

No task is too big or small for Wall Street Realty-Property Management. This property management firm handles anything for their clients, from assembling a toilet paper holder, to changing the roof of a building.

These are just a few of the many property management firms in Santa Monica. They are sure to meet your real estate property management needs. They will work to make sure your real estate properties are respected and profitable.


How to Hire a Property Manager for Your Residential Complex

orlandovacation_propertymanagementIf you’re thinking of becoming an entrepreneur in the real estate area, the easiest way to do it is to buy a building and rent the apartments, or to buy several houses in the same area and transform them into a small residential area.

However, even if you do have the money to start such a project – and keep in mind that this requires a big enough budget to cover for all the expenses – you won’t have an easy time in managing everything. You know from your own experience that you have to pay the utility bills, but apart from this, you also need to make the needed repairs in case something goes wrong with the building.

In this case – if you’re thinking of buying a whole building or several houses – this will not be enough, because you will also need professional help in managing everything. All this can be easily done with the help of a property manager, so we’re going to teach you how you can find one to help you out when you need it most.


Search Online

This is the first step that you have to take in order to find someone specialized to provide these services for you (assuming that you already have the building and you can’t manage everything alone). Looking online will provide you with plenty of companies that offer you property management services in your area, so all you have to do is make a thorough research to choose the one that fits your needs best.

 


Each Company

When you take a look at their website, make sure you write down all the details that you consider important – since when are they offering their services, what is their portfolio, if the website is kept up to date, if they have contact information and so on. There are plenty of things that you’ll have to look, so if you think that the website is older or the information that they offer is not recent, you can go further and skip their site.


rent_03Contact

Once you’ve made a small list with those companies that seem to fit your request, you can call them and ask for a meeting. Usually, this is for free and they won’t charge you anything. You’ll need to make sure that they have an office or a headquarter – it proves that they are valid and they can be contacted not just by phone or email.


Details

When you meet out with any company, make sure they sent you someone who can give you all the details that you require. You need to talk with someone from the management, someone who knows what it’s all about and how this works. An assistant won’t be of much help to you, so if you see that this is happening (that they send you someone who is not specialized), you can skip that company too.


Portfolio

Ask them about the portfolio and their experience, which buildings do they manage and what their activity is. This is very important, because this will tell you exactly what you need to know. If they can’t give you these details or if they can’t answer the questions that you have about what they do and how they do it, then you can go to someone else.


Price

Last, but not least, it’s also the moment to discuss money. They can charge a price by the month – meaning a fix sum of money for each month of activity, or they can charge you based on what they are doing – if they are renting out the places, if they make repairs, if they do anything extra and so on.


prop_manThe Contract

If you decide on someone in particular, make sure you get a written contract. This is your best way of protecting your interest, so don’t forget to read out everything, especially what is written in fine printing.