One of the most common questions that a homeowner will ask a property manager is: what are the fees? We’re talking about the cost of property management when you hire a professional company.
Renting out a property can be a great way to make extra money. However, the process of buying a second property and finding tenants can be difficult and confusing. Here are some tips for what time of year you should buy a property and how to navigate through the process of renting a house.
The holiday season is a great time to foster relationships with your tenants and to promote strong relationships throughout your housing community. When deciding on decorations and holiday events, consider the demographics of the people living in your properties. Since the holiday season causes almost everyone to feel stressed, this is one of the best times of year to give your tenants a hand and show that you care about them.
Investing in Real Estate
In short, real estate itself is property. That property can consist of land, buildings, and homes. When people engage in real estate, they’re dealing with the investment of that property. Many times the goal of investing in real estate is to make a profit. By investing in properties and then renting out to tenants or selling the property, you can get a return on the investment. Below, we've provided some insight into how to start investing in real estate.
Congratulations! You finally have some property you can call your own. You don’t have to deal with realtors, landlords, or anyone that can ask you to pay rent. Now you’re probably wondering what to do with the property. Answer: hire a property management company. In other words, welcome to real estate. It’s overwhelming to deal with it on your own, so most people in this situation hire real estate agents and companies to help them deal with the property. So how do you choose who to hire? Below are some of the top questions to ask property management companies
Many people are familiar with property managers – they collect your rent every month. However, there is much more to the role of a property manager than you might be familiar with, including their qualifications, requirements, and day-to-day property manager responsibilities. To understand how to become a property manager, first, you must understand the role of a property manager.
Should Your Real Estate Agent be Your Property Manager?
As a licensed Real Estate Broker in the State of California focusing on Property Management, I have heard many horror stories from residential property owners who decided to have a residential real estate agent perform the services of a property manager.
Almost everyone has a landlord horror story, right? Maybe they kicked you out for “babysitting your friend’s cat,” or they didn’t speak English very well, or perhaps they unjustly took your entire security deposit. Well, no matter the tale, remember that the landlords have them too: tenants who can’t pay, residents with noise complaints, and people who actually don’t deserve their security deposits back.