Effective communication is an essential skill for property managers to have. You communicate daily with tenants, service vendors, and of course, property owners. While all communication is vital, the importance of clear communication with owners can’t be overstated. You should have a thorough understanding of the owners’ needs, and the owners should feel secure knowing… Read more »
Monthly Archives: October 2019
How to Be a Successful Long-Distance Landlord
It makes sense to many landlords to invest in properties near their own homes, but it’s certainly not a requirement. Whether you’ve moved away from the area, or you found a great investment opportunity out of state, you can still be very successful as a long-distance landlord. The key is to outsource tasks and responsibilities…. Read more »
23 Essential Questions to Ask Potential Tenants
One of the most critical decisions you’ll make as a landlord is selecting a tenant from your list of applicants. Bad tenants can be costly. They may cause damage to your property, consistently pay their rent late (or not at all) or even move out before the lease is up. On the other hand, a… Read more »
How to Prevent Lawsuits
Owning rental properties can be extremely lucrative, but it’s not entirely without risk. Tenants can and do, bring lawsuits against their landlords. Many times, these lawsuits can be avoided by following some property management best practices. Here are a few tips on how to avoid some of the most common situations that cause tenants to… Read more »