PropertyManagementMaven * LandlordWhisperer

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Property Manager - Gibson Management Group, Ltd.
A maven (also mavin) is a trusted expert in a particular field, who seeks to pass knowledge on to others. The word maven comes from the Hebrew, via Yiddish, and means one who understands, based on an accumulation of knowledge. Wikipedia

ARCHIVED BLOG POSTS

2011 

  Scott's post is RIGHT ON!  I'm not holding properties for 30 days - prospects need to be moving in the AVAILABLE TIME FRAME of the property.....and rents in our area are UP also!    I just met with some prospects today that are looking for a rental home when their lease is up at the end of Sept...
07/09/2011
There is a quote attributed to Henry Ford when he was asked if a customer could pick the color of his new Model T * Any customer can have a car painted any colour that he wants so long as it is black.   That pretty well sums up our area rental selection mid-way through this year's rental season. ...
07/09/2011
  Landlords who are becoming RENTERS can bundle their Renter's Insurance with their homeowner/landlord insurance and keep their coverage in one place.  I point would-be clients to their insurance agent FIRST and their tax professional SECOND    With the housing market being in the state that it i...
07/07/2011
  Yes!  It DOES put OVERgovernment into perspective and should give EVERYONE pause when our legislators no longer READ the bills before they are passed.  Sometimes MORE is actually MORE!       I did not check the facts, but have no issue with the implied meaning! All you Need to Know about Govern...
07/07/2011
Having photos of a rental property when it is VACANT seems like a NObrainer if only for the documentation of the condition of the property before new renters move in. Unfortunately, many DIY landlords do not take this step even with their smartyphone in their pockets, in their car, on the kitchen...
07/07/2011
YES!  Our rental market is HOT!....that does not make it EASY!  With the increase in rental prospects in our area, there are MORE inquiries, MORE screening discussions and MORE work for property managers in processing applications.  This ADDITIONAL work is a REAL turnoff for DIY landlords who con...
07/06/2011
  I agree * I'm am not the correct fit for many rental property owners who want to micor-manage their property long-distance or dictate the rental rate...there is a REASON that their property has not sold if it was PRICED correctly for the market!     A tale of two signs!    While reading a numbe...
07/06/2011
  Investing in real estate for over 40 years has been BERRY, BERRY, VERY good to me....I am a 3rd generation investor and my "retirement" will be comfortable thanks to my real estate rental income.   Buy it today   Hold it Rent it out! Sell it later for a nice return on your $   There are many “r...
07/06/2011
  As a Virginia property manager, I still routinely put their social security #s on Pay or Quit notices sent to tenants via mail.  I used to put them on the unlawful detainer OR small claims warrant in debt and the court made me stop.  I DO have to have the #s when I record the abstract of judgem...
07/05/2011
Our area's rental market for single family homes is VERY HOT!  Rental prospects are actually OUT BIDDING each other for desirable homes * 4 bedrooms w/2-car garages in GOOD school districts. If they want a 2-year lease, I am NOT discounting the rental rate; however, I will keep the rent at the CU...
07/05/2011
Rainmaker
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Wallace S. Gibson, CPM

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