Posts by madwire

Web Based Property Management Software is increasing the efficiency of property management by using the latest technology. Such technology is now becoming affordable for portfolios of all sizes. Property management is more than just maintenance on real estate properties. If you’re a management company, you play an important role in the property owners success and in…

Property Management Software is such an important part of any property manager or property owner. With all the automation available now, where do you begin to look for property management software and what should you look for? Here’s a quick guide to assist you with choosing the right property management software for your portfolio. Check with…

Property Management Software and Tenant Screening Tenant Screening When it’s time to find a new tenant for your rental property, you should be consistent in your process so you know what to look for. Here are some basic checklist items you should complete when screening new tenants. Tenant Income Tenant’s need to be able to afford their…

Property Management Software and e-Payments If you are a property manager or a property owner, undoubtedly the ability to collect rent and pay invoices is of utmost importance. Gone are the days of paper invoices and postage stamps. Property management has begun moving into the technology age over the past 10 years, but more increasingly over the…

Law of Diminishing Returns Most everyone has heard of the law of diminishing returns. First year economic students usually cover this in class. For the sake of those people who did not take economics 101 or those who may have forgotten, let’s define the definition for the sake of this blog. Britannica.com defines it as follows: Diminishing…

Owner App Whether you are a professional property manager or a self-managing property owner, utilizing a mobile app for your portfolio is a must have feature. Owner apps are usually provided by the software vendor that provides the property management software. These apps serve a purpose other than providing a sales pitch for the software vendors. Having access…

Questions about collecting application fees As a property manager or landlord, one thing that you commonly do is collect application fees. Each state has different rules and laws on application fees, so you should know what your states requirements and limitations are. This blog is going to be a topic blog with more questions then…

Being a real estate landlord or professional property manager has it’s challenges. One of which is the leasing of a rental property. In this article, I will highlight the overall process then when it gets to the lease, I will go into some of the key elements you should have in any lease. First is…

Property Inspections Ok, so you have invested in some real estate property. You have decided this is the investing path you prefer over other investment options. How do you protect that investment? If you’re not conducting regular property inspections of your investments, you are putting your investments at risk. Property inspections are akin to looking…

If you are a real estate property owner, you may or may not hire a professional property manager. Of course, if you manage your own properties, you can save the management fees that a property manager would charge. Those fees typically range from 8-12%. Even if you manage your own, it is best practice to…