property management: Things Tenants Do # 105 Consistently Inconsistent - 11/01/12 12:35 AM
We have been unwrapping a recent purchase of a 4 plex with a gross cap rate (the annual projected rental income of $31,200 divided by the purchase price of $155K) of 20.12% to see the results of the tenants performance on our return of investment in the short term.
When we look at the actual rents that we inherited due to the leases that were in place when we closed on the building we find that instead of each of them being at $650 a piece for a income of $31200 we have 1 unit empty (keep reading to find out … (1 comments)

property management: i am a know it all and so are YOU! - 09/06/11 09:43 AM
Lets face it, the reason for our failure to reach our goals has very little to do with our lack of knowledge. We do not need to attend another seminar or read another book to know what to do to find success. In our age knowledge is an abundant resource, it is self control that is a scarce commodity. 
We generally know what to do, we just do not do it consistantly. 
I recently had a chance to hear three different business coaches discussing the most common challenge facing their collective clients. 
You may not be surprised to find that it … (3 comments)

property management: I am not you , thank God - 09/29/10 02:44 AM
One of the best reasons to hire any type of agent but especially a property manager is they are not the principle.
This is a huge asset in successful negotiations.
It provides the proper perspective in the initial preparation of the property for presentation and pricing. (without having a personal interest an agent makes sure it is priced right the first time) It decreases the number of tenant repair and maintenance request and their corresponding costs.   (simply knowing that someone is watching the cookie jar makes the cookies last longer )  It equates to almost an unfair advantage in the negotiation of price and terms and allows a much needed buffer between prospective Tenants and … (6 comments)

property management: A little foresight keeps the felons away - 09/28/10 05:03 PM
When I got married 13 years ago , or was it 14 years ago , I told my wife that I couldn't promise her that we would be rich or famous but that I was certain that she would not be bored.
I did not realize that would also be the result of my decision to manage property for others. So imagine my surprise to find myself in between a client , 3 female cops , a felon and a obsessive cumpulsive live-in caregiver turned into a leach of a holdover tenant before 8 in the morning.
In order to avoid this scenario you … (6 comments)

 
BrokerBarry Mathis (Property Management Solutions)

BrokerBarry Mathis

Roseville, CA

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Property Management Solutions

Address: 548 Gibson Drive, Suite # 200, Roseville, Ca, 95678

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