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Property Management

How to Find the Right Property Manager in Stone Mountain

A good number of landlords in Stone Mountain do not live near their properties and it is quite stressing to manage them by themselves. Most of the landlords in the city recruit professional rental managers to oversee their investments because they have no time to do it by themselves or because they want to avoid the stress of dealing with tenants. However, the biggest challenge faced by many landlords in the city is finding the most suitable rental manager to hire. This article highlights basic tips on how to find a reliable property manager in Stone Mountain.

  1. Confirm Registration and Licensing Documents 

The first step when recruiting a rental manager in Stone Mountain is to confirm the registration and licensing document of potential managers. It is worth noting that the number of bogus rental managers is in the city has increased lately. You need to make sure the person you want to recruit is registered and licensed by relevant authorities to operate as a property manager in the city.

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  1. Confirm If the Manager Has a Permanent Office and Postal Address 

The number of rental managers in Stone Mountain has increased lately. The funny bit is that some of the managers do not have a permanent office where they do their business or a permanent postal address. It is important to make sure the manager you are hiring has a permanent office and address if you want better services. This is more convenient to you and the tenants than when the manager is operating from his/her home.

  1. Use Referrals from Other Landlords in the City

For landlords who are new in the city and have no clue about how the rental market works, you can use referrals from other landlords. You can ask other landlords owning properties near yours to refer you some of the best rental managers in the city. This also narrows your search and time taken to find a good rental manager.

  1. Consult the Real Estate Agent Who Helped You to Buy the Property

Rental managers work hand in hand with real estate agents in Stone Mountain. Sometimes rental managers and property agents work under one company. You can ask the agent who helped you buy the property to help you find a reliable rental manager in the city. This is a very effective approach when you do not have time to do the search by yourself. Remember that your property agent may be able to pick a rental manager for you, but he/she can at least narrow your search.

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  1. Screen Potential Managers Thoroughly

A good number of landlords in Stone Mountain end up hiring unreliable rental managers to supervise their properties because they do not take the time to screen potential managers. You need to interview several managers in the city and pick the most suitable. You can even ask your lawyer to help you with the interviews if you are not conversant with the rental management matters. It is worth noting that every manager in the city will tell you what you want to hear so that you can hire him or her when he/she knows very little about rental management. It is important to confirm the information received during interviews before making your final decision.

Property Management

Tips for Being a Great Landlord

Owning rental properties in Seattle is the beginning of the journey towards becoming a real estate mogul in the area, but you need to be a good landlord for you to be successful. It is worth noting that not everyone owning rental properties in the area is a great landlord and a good number of property owners do not have what it takes to be a good landlord. Here are basic tips on how to be a good landlord in Seattle and avoid having issues with your tenants.

1. Hire a Professional Manager to Manage of Your Properties

property-management-professionalThe most effective strategy for being a great landlord is by hiring a professional real estate manager to take care of your properties. This frees you from direct involvement with tenants because you have someone to attend to tenant needs and respond to their queries. This is a good strategy if you live far from your properties or if you do not have adequate time to attend to tenant needs. If you are looking for a competent and trustworthy property management contact T-Square in Seattle.

2. Have a Detailed Tenancy Agreement to Guide You

tenancy-agreementFor landlords who choose to manage their properties by themselves, it is recommendable that you have a detailed tenancy agreement to guide you. The tenancy agreement should make clear what you expect from your tenants and what they should expect from you. That way, it becomes easy to establish a good relationship with your tenant disputes and complaints s become minimal.

3. Make Sure Your Properties Are Always In Good Condition

It is good to make sure your properties are in good condition and your tenants are comfortable. Tenants in Seattle pay huge money for housing and expect to get good value for their money. This means that some items that you can easily ignore in your house and do without them are very important to tenants. You need to make sure that all the fittings and fixtures in your rental properties are in good condition. In other words, your rental properties should be safe and tenants should be proud to stay in them.

4. Do Not Overprice Your Rental Properties

Never over-price your rental properties to take advantage of the high demand for rental properties. It is important to make sure your rental rates are fair and consistent with market rates. You need to give your tenants good notice anytime you want to revise your rental rates upwards and give those who cannot afford to pay your new rates time to vacate.

5. Keep In Touch with Your Tenants and Respond to Their Queries Promptly

It is important to keep in touch with your tenants, even if you have hired a property manager to help you and make sure they are in safe and comfortable. You need to maintain good communication with your tenants and always respond to their queries promptly. Additionally, you should be easily reachable by your tenants anytime they need you via the phone or from your home or office if you have one.

6. Be Polite and Considerate To Your Tenants

A good landlord should be polite and considerate to his/her tenants whenever there are some issues that need to be resolved. As a landlord, you should learn to listen to your tenants and be ready to help them where you can instead of being rude and harassing them whenever they have a problem or they have failed to pay rent on the agreed date. We are living in difficult economic times and tenants are struggling to make ends meet.

Watch the video below for a view more tips on the subject. I believe that these are quite on point!

You can also visit the website here, they have a lot of information and resources for those wanting to go down the DIY route.

Property Management

What to Renovate In Your Rental Property in Eugene

It is very important to consult with a property management company in Eugene before renovating your rental property. This is because the local property management companies deal with tenants on a routine basis and they understand what renters look for. Remember that some local property management in Eugene companies are highly equipped and they can help you to renovate your rental property more quickly efficiently. Here are some of the things that you should renovate in your Eugene rental property to improve its value and make it more attractive to potential tenants.

  1. Renovate the Kitchen and bathrooms

Kitchen and bathrooms are very important items in every home. Tenants in Eugene are more attracted to rental properties with modern and appealing kitchen and bathroom. It is, therefore, important to consider replacing the old and worn out appliances in your kitchen and bathroom before listing it if you want to attract more potential tenants. Adding durable and attractive items in the kitchen and bathroom can add the value of your rental property.

  1. Improve the exterior of the house and compound

The majorities of tenants in Eugene normally decide whether a rental property is worth their money based on how it appears from outside. It is, therefore, important to improve the exterior of the house and the compound so that it can be attractive to those passing on the nearby street. You can wash the outer walls and repaint them using bright and colors that are likely to catch the attention of potential tenants. You can also improve the landscape of the compound by adding more flowers and trimming trees in the compound.

  1. Replace the broken doors and windows

Tenants in Eugene are very concerned about their security and that of their belongings when renting homes. Actually, every renter will start by confirming whether all the doors and windows are firmly fixed, strong and easy to open and close. Fixing strong, durable doors and window frames in your rental property can make it more competitive and appealing to potential tenants.

  1. Renovate the roofing and flooring

The flooring and roofing are very important items in a rental home and you can attract more tenants to your rental property by replacing the roofing and flooring in your property. If yours is an ancient property, you can replace the roofing with modern roofing materials as a way of giving it a new and brighter appearance. Many tenants in the area are very concerned about the condition of the property they are renting. You can, therefore, make your rental property more attractive to potential tenants by replacing the flooring of your property with something new and attractive such as design tiles and hardwood flooring.

  1. Clean and repaint your rental property before advertising

Once you have done other major renovations in your rental property, it is important to finalize by washing and repainting it to give it a warm and attractive appearance. However, you should make sure that you have used matching colors when repainting your home. Remember that a rental property should first catch the attention of potential tenants before they can come in and check other items in the house. You can use different colors when painting your rental property to give it catchy appearance.

Property Management

How a Property Manager Can Help You Double Your Monthly Rental Income

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Investment in real estate is one the most reliable ways of generating wealth. When I decided to venture into real estate investment, my target was rental properties and I decided to acquire my first rental home in Sacramento. Although I was not living in Sacramento at the time, real estate was affordable there and I decided it was the best place to buy my first rental home. I involved a local realtor and within two months I had my first rental home in Sacramento. I decided to manage the property by myself because I wanted to maximize my monthly rental income and use it to pay back the mortgage. To me, hiring a property manager in Sacramento or property management Roseville Ca, where my property was located, was an unnecessary cost and I believed that I could look after my investment better than anyone else. I managed the property for three years and then I decided to hire a local property manager to take over. It is now five years down the line and I can tell you without any fear of contradiction that a property manager can help you double your monthly rental income.

A property manager helps you to reach possible tenants 

Reaching possible tenants was my first challenge when I acquired my first property in Sacramento. It was difficult for me to market the property to possible tenants. I could not beat the stiff competition from local property managers and my rental home stayed vacant for five months. I used all methods that I could think of to reach possible tenants, but it was all in vain. I got my first tenant six months after buying the property, something that I believe was sheer luck. However, my property has never remained vacant for more than two months from the time I assigned it to a local property manager.

A property manager will make sure tenants have paid rent on time 

I thought I could relax after getting my first tenant but problems started in the second month of tenancy when the tenant failed to pay rent within the agreed time. I had to visit the property myself every end of the month to collect rent, and sometimes play hide and seek with the tenant. However, I have never experienced any problems with rent defaulters from the time I hired a property manager to take care of my investment. My money is deposited in my account every end month as per the agreement.

A property manager can help you to screen tenants 

When I got my first tenant, six months after acquiring my property, I was so happy and bragged having made it in the highly competitive Sacramento real estate market. I did not know that the tenant had been evicted from the neighboring property for being unruly. Problems started after the second month of tenancy as he became disorderly and I was forced to terminate the tenancy. I got my second tenant a few months later and he too had problems with neighbors. However, I have never had complaints of unruly tenants since I hired a local property manager to look after my investment. I strongly believe that I lacked good skills and experience to screen tenants before accepting their rental applications.

A property manager can help you to solve tenancy related issues professionally 

My first tenant really disappointed me. It was to the extent of regretting my decision to venture into a rental property investment. It became very difficult for me to solve tenancy issues with my subsequent tenants because I was convinced that all tenants were equally troublesome. It reached a point when I could not hesitate to terminate tenancy whenever a tenant became problematic. However, I am now a happy landlord after hiring a local property manager to look after my investment. I do not have to solve tenancy issues anymore because my property manager knows how to deal with problematic tenants amicably without necessarily terminating the tenancy.

A property manager will help you with repairs and property maintenance needs 

One of the most challenging aspects of managing rental properties is doing repairs whenever a tenant leaves the property. Sometimes I could not have the property repaired on time and I ended up losing possible tenants. I remember there was a time I lost three possible tenants in a week because I was away and there was no one to repair a leaking sink. However, things have changed since I hired local Sacramento property managers to take care of my investment. The property is inspected on a regular basis and repairs are sometimes done without my knowledge.

Generally, I have seen my rental income double after hiring a local property manager to take care of my investment in Sacramento. I do not need to keep checking my property to make sure it is in good condition, solve tenancy related issues or even run after tenants every end of the month asking for rent. I’ve seen acquired a new property in Rocklin Ca, 2 Rivers Properties has been my property manager at this location and I have nothing but a good experience to talk about. I’d highly recommend using their services if you’re looking for a property manager in the Sacramento area.