property management: Does HomePointe Work on Weekends? - 04/12/09 11:46 PM
We get asked this question all the time. I think we get asked it because many property management companies completely close down for the weekend. Many smaller companies struggle with this issue since property management work never truly takes a day or night off. Can you imagine for a moment owning … (1 comments)
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property management: Weekend Property Management both Necessary and Useful - 12/08/08 12:01 AM
Our company takes the approach that weekends are not the time to shut down. Myself, my property managers, my senior staff, and our showing department often work at various times during a weekend to get the job done.
Here are some examples of what we did this weekend:
1. Our office … (1 comments)
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property management: Rent Increase Facts in California - 10/28/08 12:18 AM
In California a landlord can raise the rent in any amount unless they live in rent controlled community like San Francisco, Berkeley, and some others. Most of California does not have rent control.
If the amount of the increase is 10% or less, the notice need only be 30 days. If … (7 comments)
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property management: Does the Size of a Property Management Company Matter? - 10/26/08 12:18 PM
Disclaimer: I own a large company by industry standards. (1000+ houses from three offices)
Some smaller property management companies will tell you that smaller is better. I personally believe that each company size has it's advantages and this argument should not be part of the discussion. Service is the issue, not … (2 comments)
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property management: Who is responsible for the mailbox key in a single family rental property? - 09/30/08 11:17 PM
We recently moved in a new resident in the Sacramento area that insisted we provide them a mailbox key. The mailbox is in a cluster of boxes that the post office puts next to the sidewalk and holds about 10 neighboring mailboxes.
Our position is that this type of mailbox is … (13 comments)
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property management: Should I rent to a relative? - 09/18/08 01:17 AM
If you own rental property you might want to keep it a secret from your relatives. First, they will think you are rich and will start letting you pick up the entire check at dinner. Second, they will want to rent from you.
They will, of course, tell you that their … (6 comments)
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property management: Do you rent houses to Corporations? - 08/15/08 11:24 AM
Once in while we have requests from a business entity to rent a house. The business may have moved an employee to our city and they want to cover the costs for that employee.
It is our practice to take applications from the people that are to occupy the house. It … (11 comments)
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property management: 10 Reasons Using Professional Property Management Pays for Investors - 08/03/08 05:30 PM
It is cheap. With tax write offs the investor gets close to a 50% discount.
Decisions are made with current laws in mind.
The investor's insurance company protects both the investor and the property manager for one price. It does not cost extra to cover the property manager.
Tenants get … (3 comments)
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property management: Verifying Ownership of Property Management Clients - 08/02/08 06:58 PM
I suggest that all property management companies verify who is on title of each new account. This is an insurance policy for the property manager for a couple of reasons.
First, you will know that the person signing the agreement is the owner. There are scams out there where people obtain … (7 comments)
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property management: Can I Manage a Property for a Friend Without A Real Estate License? - 07/31/08 09:40 PM
There is a big difference between what a licensed and insured property management company provides for an investor and what you can provide. Besides licensing and insurance there is your liability to consider. If you make a mistake and someone gets injured or killed are you protected? How? I ask this … (2 comments)
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property management: HomePointe clients have online access to statements and invoices - 07/22/08 05:24 PM
Since 2006 HomePointe Property Management clients have been able to see their Owner Statements and copies of paid bills online. Our password protected website, which is secure, allows our clients to establish a log in user name and password. Once that is done, they can easily view all of their property's … (0 comments)
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property management: Speed Kills in Property Management - 07/16/08 12:38 AM
We signed a contract recently to rent out a home for a new client. Things were going well until the owner stopped over on a Sunday afternoon to see their house while it was still be marketed. The problem is they ran into a potential tenant and showed them the … (5 comments)
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property management: Summer Can Be Tough On Property Managers - 07/10/08 11:21 PM
During the course of summer many people go into vacation mode. Of course they take vacations, but they also take extra days off so they can be with their family during the fun times of no school for the kids.
But, it can be tough because a lot of other … (2 comments)
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property management: Land Park and McKinley Park Homes for Rent - 06/22/08 10:19 PM
One of the joys of property management in Sacramento is being able to help an owner rent their property in Land Park and in McKinley Park.
Both of these Sacramento area neighborhoods have older homes that were mostly built prior to, during, and just after World War II. I have personally … (4 comments)
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property management: If you rent the home you live in tell your insurance agent! - 06/22/08 01:14 AM
For a variety of reasons, many owner occupants decide to rent the home they live in rather than sell it.
If you decide to do this, be sure to notify your fire and liability insurance carrier as soon as you rent the property. The type of policy for a rental … (8 comments)
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property management: Cell Phones Invade Barbershops - 06/21/08 01:46 PM
The last two times I had my hair cut the barber answered their cell phone during my session.
In the first case, the call was personal and the barber began speaking in her native tongue. As the call progressed she continued cutting my hair with the phone tucked between her … (5 comments)
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property management: Rekey the locks between tenants! - 06/20/08 01:29 AM
When one tenant moves out how do you really know that that past resident has given you all the keys? They could have made a copy during their tenancy, so there is no real sure way to know they have not kept a key.
If the past tenant does have … (12 comments)
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property management: Property Management is About Setting and Following Rules & Procedures - 06/19/08 01:06 AM
An owner recently came to see me about their property. They had several rentals and the portfolio was in disaray. Vacancies, deferred maintenance, many delinquencies, poor cash flow was the result.
The way to fix the problems was to implement rules and procedures and then follow through on them.
Let … (3 comments)
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property management: Professional Property Managers & Picking Good Tenants - 06/15/08 03:12 PM
There are so many essential things that make up what a good property manager is, that I hesitate to pick one item as the most important. In fact, I think it is a mistake to do so.
But, Picking Good Tenant is certainly in the top ten of essentials. The … (15 comments)
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property management: Sex Offender Notice Required in California Rental Agreements - 05/28/08 10:25 PM
This is the language that needs to be in your California rental agreement:
Registered Sex Offender Notice: Pursuant to Section 290.46 of the Penal Code, information about specified registered sex offenders is made available to the public via an Internet Web site maintained by the Department of Justice at www.meganslaw.ca.gov … (10 comments)
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