Tag Archives: property management

Investors, Organization, Real Estate

10 Questions to Determine if You Need a Property Management Firm

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A property manager reviewing documents with owners.

Being a landlord is more than just owning a property. There are a vast number of tasks and responsibilities that come along with it and balancing them all can be stressful.

Fortunately, there are options you can explore to lighten the load and maintain a healthy, sustainable relationship with your tenants.

One of the easiest ways to reduce the managerial load of being a landlord is to hire a property management firm. But knowing when to utilize one can be tricky. How do you know when you need help? Asking yourself these 10 questions will help you ‌determine whether a property management firm is your best option. 

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Real Estate

Calculating Your Rental Property Budget

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Getting started with owning rental properties needs a lot of considerations before diving in. Possessing these real estate investments is one of the best choices any investor can make. Thus, rental property is among the top investment options in the real estate industry. 

Along with deferred income and tax benefits, investing with a rental property can produce good returns all year round and is not affected by the market’s changes. However, most people are not sure how to get started when it comes to budgeting and managing a rental.

How To Uncover Future Potential Expenses: 

  • Ask local real estate managers: Many property managers would happily provide you with this kind of knowledge. They will help you not just because it’s their expertise, but also because of the likelihood that you might use them as your real estate managers one day. 
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Real Estate

A Guide to Property Managers Going virtual

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There are many ways for property managers to try to mitigate the dangers of COVID-19 for residents, staff members and themselves. It is seriously important to keep up to date on public health guidelines, and below are seven tips to help steer you and help you thrive through these challenging times.

Prioritize Maintenance

Your duties as a property manager vary. During COVID-19 you will need to limit physical contact between maintenance staff and residents. When maintenance issues arise consider whether the problem is life-threatening or if it is an immediate threat to the property before dispatching employees. If the issue can be resolved virtually use that option. Routine maintenance on building mechanicals should continue to be done to avoid larger problems that may require more physical contact.

Cleaning 

Be aware of health department guidelines about cleaning product efficacy. Disinfectants must be applied using a strategy that minimizes your employees contact with the chemicals. Provide protective gear like masks, gloves, eye coverings and for some products full body disposable suits. These measures may not be physically comfortable but are necessary to the health of your employees. Clean common areas often, especially elevators, railings, and pulls on trash chutes and doorknobs. Touch-less entry systems may be a good investment at this time.

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Real Estate

Making your Rental Property More Appealing to Millennials

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Having an additional stream of income is a wise choice nowadays. After all, the cost of living will just continue to rise.

Thus, if you have an unoccupied space, condo, apartment, or house, you can rent it out to other people to supplement your current income. Not only can it be a solid and continuous source of income, but it also helps you earn extra without the need to get involved that much.

With more and more people preferring to rent a property than own one, all you need is to keep up with the maintenance. However, if you want to make money, then you have to target a specific group of people. A great demographic to target are millennials.

Good thing there are plenty of ways you can make your rental property much more attractive to the generation. Check out these tips listed down below.

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Executives in the News

Realty Executives Tucson Elite Named Top Property Management Group

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Realty Executives Tucson Elite has been named to the “Best Property Management Company” list for 2019 in Tucson, Arizona. The companies were chosen by PropertyManagement.com and included the top 30 property management firms in Tucson.

PropertyManagement.com, a leading resource to help property owners identify reliable, trusted, and experienced property management services in the United States, has announced the 2019 Best Property Management Companies in Tucson, AZ. The guide recognizes 30 top property management firms based on costs, customer rating, reliability, and experience.

PropertyManagement.com used a selection process that evaluated each company across 30 different metrics. After careful assessment of 225 property management companies in the Tucson, AZ area, only 30 firms were selected for the final list. The research identified companies that scored the highest in outstanding customer reviews, credibility, high-level professionalism and more.

“Our goal is to help property owners make the most of their investments,” says Joyce Collins, Recognition Manager. “A reputable property management company can help owners save time and money by advertising rentals, collecting rent, handling maintenance issues and responding to tenant complaints.”

In addition to top picks for property management companies, the website also offers tips on rental marketing, tenant screening, liabilities, and a worksheet to keep track of income and expenses. For a detailed listing of the Best Property Management companies in Tucson, AZ please visit: https://www.propertymanagement.com/companies-in-tucson-az.

originally published by the chestnutpost.com.