property management: YES! It's a LANDLORD's MARKET * DIY Landlords STILL Need Professional Property Managers - 03/24/12 04:38 AM
I will be working on my mailing labels this weekend for my April brochure mail out to approximately 300+ investor owners of properties that are DESIRABLE rental homes and who NEED my management EXPERTISE.
I am using my .....Time to Get a NEW Property Manager blog post for my mailer and although many of these "target" landlords are doing it themselves, the point of my mailer is that they need a NEW property manager * ME! and here is why....
DIY landlords who want to MAXIMIZE their income and who FOCUS entirely on the MANAGEMENT FEE they will pay a property … (13 comments)
|
property management: Large Townhouse for Lease * $1,395 * Available July 1 * Family Room w/FP * Pet Considered - 03/11/12 12:42 PM
Rental Home - Charlottesville, VA Townhouse rental, … (1 comments)
|
property management: 3-Level FORMER Model Townhouse for Lease $1,995 * Available July 1st....Many Extras - 03/11/12 12:35 PM
Rental Home - Charlottesville, VA Townhouse rental, … (0 comments)
|
property management: Time to Get a NEW Property Manager * Or how to find the RIGHT one! - 02/26/12 03:57 AM
I LOVE the recent Time to get a new Realtor posts so I am adapting them to Property Managers! 1. Your Property Manager requires a signed property management agreement BEFORE they come view your rental property......it's time to get a NEW Property Manager. 2. Your Property Manager took photos of the property VACANT and it is not on their website......it's time to get a NEW Property Manager. 3. Your Property Manager has a DATE stamp on the photos of your property (they have done an inspection with camera previously)....... it's time to get a NEW Property Manager. 4. You have to call or … (13 comments)
|
property management: UAW to fly ANTI-Romney Banner over the Daytona 500 * I doubt we'll see it on Fox - 02/26/12 03:05 AM
UAW * United Auto Workers will fly an ANTI-Romney banner over the Daytona 500 tomorrow afternoon. I doubt if TV viewers will see it as the race will be televised by FOX.
The premise is that had Romney's "do not bail out Detroit" advice been followed, there would be no cars in NASCAR......NOT TRUE.
FORD * 2 of Jack Roush's Fords are on the front row tomorrow, did NOT take the government bailout.
DODGE * except for 2 Penske cars and Robby Gordon's single entry * are the ONLY 3 cars in the 43 car field....Dodge has not supported their teams … (10 comments)
|
property management: Rental Prospects NEED to Consider ALL Features of a Rental Property * It's Called Cost Of Housing - 02/24/12 03:42 AM
I showed a rental home today to a single, military officer with 2 dogs. The house is large, has a nice flat back yard where he can do a fence for his dogs and is 5 minutes from his office.
While we were walking around the property, he mentioned his military housing allowance was only $1200 and my property rent was $1,395.
When I asked him where the $1,200 home was, he indicated in the CITY and it was SMALLER......the City has much higher utility rates because they are having to finance improvements to their water/sewer/gas systems via consumer fees. … (13 comments)
|
property management: With Tenants Staying LONGER * Pricing Property Rents BECOMES a SCIENCE NOT LUCK - 02/20/12 01:11 AM
I spent yesterday, Saturday, finishing 50 rent renewal offer letters. I send out a letter with any change in terms AND lease term renewals AND rent increases. RARELY do I NOT increase rents even if the current rent is MARKET or ABOVE.
Since I have FIXED TERM LEASES, I use this renewal process to..............................
CHANGE THE TERMS of TENANCY * For those properties under our county water authority, I am notifying residents that if their water bill goes deliquent and the owners or I are notified of these deliquencies, the SECOND time this happens, there will be a $25 charge.
… (10 comments)
|
property management: Home for Lease * Available NOW * 5 Min to NGIC * CHO * DIA * $1,395 * Pet OK - 02/19/12 04:54 AM
Rental Home - Ruckersville, VA Single family rental,
… (0 comments)
|
property management: Lake Monticello Home for Lease * $1365 * July 1 Occupancy * Walk to Main Beach/Pool & Tennis - 02/19/12 04:52 AM
Rental Home - Lake Monticello, VA Single family rental,
… (1 comments)
|
property management: VIRGINIA Landlord Reported Capital Suicide Bomber Suspect to Police * One and a Half YEARS AGO! - 02/18/12 03:29 AM
His VIRGINIA landlord says he reported that he thought the suspect suicide bomber arrested at the US Capital yesterday was a TERRORIST.....guess he was correct.
http://hosted.ap.org/dynamic/stories/U/US_CAPITOL_ARREST?SITE=CAVEN&SECTION=HOME&TEMPLATE=DEFAULT
Much like the 9/11 hijackers who rented in single family home for CASH in Florida when the were taking "flight lessons" and whose landlord LOVED that they paid on time and never complained, this is their renting MO.
In the case of Amine El Kahlafi yesterday, his gun did not work and he had been under surveillance by authorities; however, KUDOS to the VIRGINIA landlord for taking the initiative of reporting his resident - … (14 comments)
|
property management: Forest Lakes Home for Lease * LARGE 5 Bedroom Home * $2795 - Available July 1 - 02/14/12 07:04 AM
$2795 / 5br - Move-in July 1 * SUPER Large Home w/InLaw/Teen Suite * 2-Car Garage (Forest Lakes South * 5 Min to NGIC) Date: 2012-02-14, 7:01AM ESTReply to: see below
Rental Home - Charlottesville, VA Single family rental, … (2 comments)
|
property management: Whose is your VALENTINE Today? Thank those who have HELPED you be SUCCESSFUL! - 02/14/12 06:21 AM
… (12 comments)
|
property management: Prescreening Prospective Tenant Inquiries * NOT Qualifying is NOT just about FINANCES - 02/11/12 10:40 AM
SMART DIY landlords and professional property managers know that PREscreening tenant prospects saves EVERYONE and $$$.
Having a PREscreening phone script or e-mail response is KEY to starting this process and the questions and responses will assist landlords/property managers in determining if the NEXT Step is appropriate.
Although my rental inquiries usually come through my website with some PREscreening questions, I like to ask them again just in case.
1) When are you moving? If their answer is vague or more than 30 days off from the available date of the property they are inquiring about, I tell them I need … (7 comments)
|
property management: Politics and NASCAR * Boogity! Boogity! Let's go racin' boys! - 02/10/12 07:21 PM
I saw it on FoxSnooze this week and have been on the lookout for it in my NASCAR alerts.
The CONSERVATIVE political organization * American Majority * will be sponsoring the #81 NASCAR Nationwide entry of the MacDonald Motorsports beginning with the race prior to the Daytona 500.
Ned Ryun * founder of American Majority * is the son of former US Congressman and world-class runner, Jim Ryun.
When I saw Ryun's interview on TV outside the FoxSnooze studio in NYC this week, it did not a surprise to me that their race car was a DODGE as these cars are … (2 comments)
|
property management: Rental Property Rates are MORE about DEMAND and CONDITION than Square Footage! - 02/10/12 01:01 PM
I'm mentoring a local real estate firm with their property management program. Their sales agent/property manager wanted to know HOW I get such high rents for my rental homes?
I had to think about it and realized that I KNOW the CURRENT * often weekly * RENTAL MARKET and I KNOW that the RENTAL VALUE is in the CONDITION of the property and the TIME it is AVAILABLE.
These issues are RARELY in the mix for buying a home because the reward for the Seller to give the Buyer occupancy on their timeline is included in the negotiations - not so … (6 comments)
|
property management: There is an ART to Providing a CURRENT Landlord Reference! Shuhh...It is NOT a "Given" for Residents - 02/07/12 08:13 AM
One of the "profit center" fees I thought I would never charge I am now charging - for RENTAL/Landlord verifications.
I have a policy of ONLY providing this information IN WRITING with a copy to the new landlord AND a copy to my residents * NO She Said/He Said if their new landlord blames ME and the information I am providing for their not getting their new rental home.
I also charge a $25 "forms fee" for this. I started charging this fee when I was getting Rental Verifications from multiple lenders when departing residents were buying a new house … (7 comments)
|
property management: Do you KNOW A Mrs. Murphy? You should if you WANT to Avoid Fair Housing Issues. - 02/05/12 05:58 AM
What every real estate agent has heard and few remember is that there are EXEMPTIONS to the FEDERAL Fair Housing Act.
One of those exemptions is the Mrs. Murphy's rule OR Mrs. Murphy's Exemption under the FHA. This exemption provides that if a "dwelling" has four or fewer rental units and the OWNER lives in one of those units, that the home is exempt from the FHA. There really is no Mrs. Murphy * she is a fictional elderly widow who has converted her home into a rental or boarding house to supplement her income.
NOW, with the economic downturn, there … (50 comments)
|
property management: I'm Just Giving You the COLD HARD Truth Up In Here! Why I DO NOT Take Over-Priced Rental Listings! - 02/04/12 06:35 AM
I got a phone call from a local homeowner inquiring about renting his house and in the fashion that these "cold calls" usually go, he was hesitant to give me his address * like I was going to come over there and stuff his mailbox with my literature! He should BE so LUCKY.
After some basic questions, I gleaned that 1) he had a LARGE rural home that he was in the process of finishing off the basement himself; 2) he has at least 2 mortgages on it and he bought at the HEIGHT of the sales market; 3) he loves … (85 comments)
|
property management: LARGE Home for Rent at Lake Monticello * Available July 1 * $1495 * 15 Min to UVa Med Center - 02/04/12 06:00 AM
HTML>Rental Home - Lake Monticello, VA Single family rental,
… (0 comments)
|
property management: Know when to NOT Renew a Tenant's Lease * Lease Renewals are NOT just for INCREASES - 02/03/12 06:54 AM
I've been working on my lease renewal spreadsheet for 2012. With fixed term leases, I task residents with advising ME in February if they wish to renew their lease for another 12 months.
While many do not do this, for the last 3 weeks, residents have been e-mailing and sticking notes with their rent checks that they want to RENEW their leases.
Although I try to warn residents of the issues effecting non-renewal of their lease * 2 pay or quit notices in 12 months * excessive maintenance requests (dripping faucets that do not drip when the plumber checks) * these … (10 comments)
|
;)
;)
;)
