property manager: 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 manager: 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 manager: 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 the … (3 comments)
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property manager: How Much Should The Late Fee Be on Your Rental Agreement? - 05/22/08 12:56 AM
What is a proper and legal amount to charge a tenant when the rent is not paid as agreed?
Many landlords and property managers employ late fees to penalize their tenant for the added risk of a late payment. Some charge a flat fee and some a percentage of the … (14 comments)
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property manager: Does a Higher Rent Mean I Will Attract a Better Tenant? - 05/11/08 01:28 AM
This is a belief of many newbie rental property owners. I think it is myth that many owners want to believe because if true, it also has the benefit of making the owner more money (on the back of the tenant) and it makes them look smart and savvy. Too many owners … (12 comments)
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property manager: My Scariest Day in Real Estate - 05/07/08 11:51 PM
I pulled up to a vacant house I was renting one afternoon a few years ago. I opened the lockbox, took out the key and opened the door. My appointment had not yet shown up so I thought I would open up some of the drapes.
I walked into the … (37 comments)
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property manager: The Reluctant Landlord - 05/07/08 12:11 PM
The current market is creating a large class of landlords known as Reluctant Landlords. These are landlords that would prefer to sell their property, but due to market conditions, cannot. Most live in their property and must move due to a job transfer. The tax laws allow them to rent … (8 comments)
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property manager: Can a tenant get my phone number and address if I use a property manager? - 05/07/08 12:09 AM
A good property management company is trained to protect the owner's confidentiality. The property management company should not release any information about the owner to anyone without the owner's approval.
But, be aware that anyone can access county tax records. If the home address is on the tax roles for the rental property they own, they may be … (8 comments)
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property manager: Rental Housing Inspection Program City of Sacramento Property Management Executives ONLY - 05/06/08 10:14 AM
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property manager: What liabilities does a landlord have and how can the landlord protect themself? - 05/04/08 01:03 AM
As the owner of a rental property you could be held liable for known and unknown conditions at the property. In most cases your fire/liability insurance policy will cover you adequately. You should discuss with your insurance company the amount of recommended limits for your situation.
If you use a professional property … (10 comments)
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property manager: What do landlords do with the tenant security depost during the tenancy? - 05/04/08 12:44 AM
Once a deposit is collected from a tenant, the owner or property management company has the funds to hold. In California, the landlord has complete use of the funds, including spending the funds.
There are two options really in terms of what do to with the security deposit. If the property … (9 comments)
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property manager: What do I do if I have to move before my lease is up? - 04/26/08 01:27 AM
If you must break your lease you should contact your property manager both in writing (letter or email) and via telephone as soon as possible. Although you are responsible for your entire lease, we can go to work to find a replacement resident as soon as we receive your written notification. … (1 comments)
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property manager: What Do You Use To Paint Your Rentals? - 04/17/08 06:16 PM
One of the things you learn after being in this business for a long time is to try to standardize the work you do. The less on the job thinking, the better.
When it comes to painting a rental unit, it is best to try and use the same paint … (5 comments)
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property manager: 2008 2nd Quarter Residential Rental Survey for the Sacramento Region is Available - 04/09/08 02:37 PM
HomePointe's 2008 2nd Quarter Residential Rental Survey has just been published. You can access this survey at our website along with past surveys by clicking this link: http://www.homepointe.com/owner_services_rental_survey.asp . The Sacramento rental market appears to be holding its own, but rents are not rising. We feel this is due to the many … (0 comments)
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property manager: If you get sued by your tenant who pays the attorney fees? - 04/08/08 05:04 PM
If you have tenants you are subject to getting sued by them. You are also in a position to have to sue your tenants at some point for non payment of rent or to enforce some part of the rental agreement. If you have never been sued or have not sued … (10 comments)
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property manager: My Property Won't Rent, What is the Problem? - 04/07/08 12:29 AM
I talk to landlords and real estate agents all the time that cannot figure out why their property will not rent. I ask them, "Have you reduced the price?" They typically answer that they are getting no resistance to price. "People don't complain at all, they tell me it is a … (10 comments)
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property manager: Do You Need a Property Manager in the greater Sacramento Area? - 04/05/08 12:17 PM
HomePointe Property Management has three offices. One in Roseville serving Lincoln, Rockin, Roseville, Granite Bay, Antelope, North Highlands, Natomas, Citrus Heights, and other nearby areas. We also have an office in Orangevale serving Orangevale, Folsom, El Dorado Hills, Cameron Park, Serrano, Fair Oaks, Carmichael, Rancho Cordova, Gold River and other nearby … (0 comments)
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property manager: Who keeps late fees? - 03/15/08 11:19 PM
Property management companies around the country have different policies on who keeps late fees paid by the tenant. Late fees are charged to tenants when they pay their rent late. Who keeps the collected late fees is a contractual matter between the owner and their property manager. Most management companies have … (3 comments)
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property manager: Are property managers good for vendors? - 02/28/08 11:26 PM
In my first few years in the property management business I noticed that the company I worked for went through a lot of different vendors. The problem was that the property management company was a "slow pay" client. The work would get completed then the property manager had to collect the … (2 comments)
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property manager: Property Management from our Antelope / Roseville / Lincoln Office (we have 3 offices) - 02/24/08 03:12 PM
Antelope / Roseville / Lincoln Office: 1220 Melody Lane, Suite 110, Roseville, CA 95678 / Interstate 80 and Highway 65 Corridor(916)781-7075Fax:(916)781-7095Property Management and Houses, Homes, Duplexes, Condominiums and Apartments for rent in Natomas, North Highlands, Citrus Heights, Antelope, Roseville, Rocklin, Lincoln and Loomis . http://www.homepointe.com/24 Hour Rental HotLine (916) 429-1302 or … (0 comments)
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property manager: Property Management from our Sacramento / Natomas / Elk Grove Office (we have 3 offices) - 02/24/08 03:04 PM
Sacramento / Natomas / Elk Grove Office: 5896 South Land Park Drive, Sacramento, CA 95822 / Interstate 5 and Highway 99 Corridor(916) 429-1205Property Management and Houses, Homes, Duplexes, Condominiums and Apartments for rent in Sacramento, Natomas,Franklin, West Sacramento, Davis, Novato, Santa Rosa, Elk Grove, Laguna and Galt. http://www.homepointe.com/24 Hour Rental HotLine … (0 comments)
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property manager: What is the best lease length to offer your residents? - 02/16/08 11:36 PM
The answer to this question can vary based on the type of property you have, the location, time of year, and demand for the property.The better the property, the more likely you will want to stick to longer leases. Houses usually do well with a one year lease, which is the … (2 comments)
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property manager: What appliances should be provided in a single family home rental? - 02/09/08 02:10 PM
Must haves are a stove. Should haves include a garbage disposal and dishwasher. The landlord should consider providing a refrigerator. The reason is that they are hard to move without damaging either the refrigerator or the kitchen floor. Plus, someone will have to work on the plumbing if an ice maker is … (2 comments)
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property manager: Sacramento Rental Market February 2008 - 02/03/08 11:56 PM
The Sacramento rental market continues to hold its own despite the bad press and realities of the poor sales market. Those losing their property to foreclosure are taking inventory out of the system, while the banks take over those properties. This is reducing the rental inventory somewhat. But even more homeowners … (5 comments)
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property manager: Selecting a Property Manager Part 3 Screening Renters - 01/01/08 03:21 PM
Find a manager who knows how to screen prospective renters. It is my experience that not enough time is spent discussing this between landlords and property managers. The property management company should have a written policy that is given to prospective renters. Do you agree with the policy? Beware if there is … (0 comments)
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