Posts in category 'Investors'

So. You've purchased an investment property and you aren't sure what to do next. Find tenants right? Well, if you own investment rental properties – residential or commercial – I think your first stop should be to hire a good property manager. And I'm not just saying that because I AM a Property Manager. Here are several reasons to hire a Property Manager.

More Money. Who Doesn't Like More Money?

Many landlords scoff at hiring a Property Manager because of the cost but over time, a Property Manager can actually bring you MORE money.

Having a property manager will mean your property will receive better care. With constant inspections and maintenance, your property will continue to look good over time and will attract higher quality tenants which then results in higher rent collection, less maintenance issues, and tenants that stay longer.

A Property Manager Knows the Law

In housing, there are a lot of laws. The American...

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The United States Department of Housing and Urban Development released new guidelines on emotional support animals and how it relates to Fair Housing on January 28, 2020.

It is not uncommon now for landlords to choose to employ a no pet policy in their rental properties. As a property manager for private landlords, it is a question I now ask with each new property – do you allow pets? The answers typically vary – they will allow cats but not dogs or will allow dogs but not cats. Sometimes they'll allow small animals confined to a cage but not cats or dogs. It is truly up to them. If they do allow pets, I typically employ a pet fee and additional monthly rent to help balance out the cost of repairs should they be needed when the tenants leave.

In speaking with many potential tenants though, it seems that private landlords do not understand the law when it comes to therapy animals, emotional support animals, and service animals.

According to the United St...

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