dl morton realty: Property Management Solutions! - 02/10/12 11:20 AM
If you’re like me you’re always on the lookout for new property management solutions, ideas that will make your property management run more efficiently and less expensively. In today’s property management training article I’d like to share ten property management solutions I’ve personally used, along with tips on which worked well and which not so well. Set The Right Expectations Property management solution #1 is to set the right expectations with your investors, your tenants and your vendors. This also falls into the time management category. I remember a long time ago somebody once told me, “If you don’t manage your … (0 comments)
dl morton realty: I'm in Charge Here! - 12/26/11 01:09 PM
The beauty of real estate investing is that it is in your control. You decide what to buy, where, at what price. Then, you rent to tenants of your choosing–ones who are good neighbors and caretakers of their homes. You pay all the expenses from the rent you receive, and have some money left over for reinvesting, savings and profits. But wait! that’s not what’s happening! After the buying of the property, the rest is only fantasy. How did it get like this? Tenants do whatever they want and pay the rent when it suits them. Meanwhile money for mortgages, taxes, … (0 comments)
Here are just some of the hard lesions we have learned. 1. “Let’ set the rent high and look for an offer Tenants make decisions on what to preview based on digital photos, property descriptions and asking rent. They look at 5 to 8 homes before they complete an application. They are comparative shoppers and know when the asking rent is too high. … (3 comments)
U.S. foreclosure filings rose an average 7 percent in October compared with September but remain below last year's levels, a new report shows. Filings rose more dramatically in the Carolinas last month. The data add to a growing belief among real estate experts that more foreclosures are on their way as the banks work through paperwork problems that led to a temporary moratorium on foreclosure filings last year. "The October foreclosure numbers continue to show strong signs that foreclosure activity is coming out of the rain delay we've been in for the past year. Foreclosure filings in North Carolina … (0 comments)
dl morton realty: DL Morton Realty, Inc. Property Management tips! - 11/11/11 02:37 PM
Setting the right rent–preferably the first time around, is crucial to keeping rental properties profitable. Online real estate marketplace Zillow has launched “Rent Zestimates,” a one-of-a-kind tool that can be used as a starting point for determining a home or apartment’s estimated monthly rent price. Tenants and landlords alike can research estimated rent prices for more than 90 million homes and apartments across the country. The tool can be especially helpful for “accidental landlords,” who don’t have a starting point to determine market rent. Zestimates allows landlords to compare their properties to others on the market to determine a realistic … (0 comments)
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If you’re like me you’re always on the lookout for new property management solutions, ideas that will make your property management run more efficiently and less expensively.
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