The Fair Housing Act of 1968 and Americans with Disabilities Act of 1990is a bit complicated for multi-family properties. If the laws are not followed, you could be faced with hefty fines. The FHA requires property owners to provide reasonable accommodations for individuals with disabilities to use their properties. According to the FHA, ADA and Rehabilitation Act of…
While some amenities seem to be a little over the top, there are those amenities that provide a decent ROI and have since grown into best standards among property owners. As property owners and managers, what amenities should you add? It’s best to consider the upfront costs versus the value it brings in. Some amenities may…
Part of a property managers’ job duties is showing available properties to would be tenants. What a big waste of time is, is driving across town for a showing only to find the other parties are ‘no-shows’. When you set up the appointment for the property showing, be sure to get the mobile phones of all attendees. Also,…
As Commercial or Residential Property Managers, as well as individual Property Owners, one of the sure-fire ways to attract tenants is to spruce up the look of your rental property. Of course, how much you do and spend depends on your class of properties. If you own class A-B properties, you probably are already keeping the appearances up. If you…
If you are a seasoned property manager or real estate property investor, you have probably gone through a rehab in your lifetime. If you decide to hire uninsured/unlicensed contractors, you need to be aware of the risks that come along with that decision. When a licensed general contractor is hired for a job, they typically hire sub-contractors…
The property management industry continues to evolve in the expectations of what technology can provide. Gone are the days of managing properties with the pen and paper approach. The evolution of technology and the tech savvy ability of property managers, property owners and tenants has reached a level not seen before now. Expectations are high from everyone…
What is the property management and why is its importance? Current economy demands mobility; it is impossible to live and difficult to find out a suitable occupation in our hometown. We should be prepared to get relocated anywhere in the world. So we need a place to stay or office space or shop to start…
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…