property management: Take a Moment to Laugh. Real Quotes from Real People. - 06/24/16 04:31 AM
 
 
As in all professions, you come across some pretty funny things that people may say.  Some of it may only be funny from your own perspective, as the expert, and sometimes the other person just may be having an off day and are not thinking straight.  Either way I’ve kept some of my favorite quotes that I have come across over the years and wanted to share them.  These are tenants and applicants for rental homes:
 
 
1) “These carpets are so hard to keep clean.  The problem is the dirt from outside gets all over them.  In my opinion outside is dirty … (3 comments)

property management: My education was so expensive that I don’t want to use it - 03/02/16 07:09 AM

Have you ever heard this one? “We used to have a rental but we had a bad experience and we never wanted to go through that again so we sold the property.”
 
To me that is the same as saying, “My education was so expensive and stressful that I don’t want to use it so I ripped up the diploma.”  Essentially, the expense and stress of any situation is just like paying tuition for some education.  Now that you paid for an education you should use it.  Ask yourself things like what went wrong?  What should I have done different?  How can … (1 comments)

property management: Rental Applications need Ninja Reflexes - 02/29/16 04:14 AM

Has anyone ever heard of or experienced this, “I submitted a rental application to this other place over a week ago and still haven’t heard back from them”?  One of my best tenants, a little old single lady with perfect credit and stable income said this right before she signed a lease with me.  Actually, I hear comments like this all the time from people looking for a place to live.
 
I’m always baffled by these comments because I can’t think of many things that would have priority over filling a vacancy.  A vacant home is one of the the biggest expenses … (0 comments)

property management: Fine, I’ll do it your way just stop pressuring me! - 02/26/16 02:58 AM

 
Wow, you are a real peace of work.  I guess it’s your way or the highway, right?  You sure like to flash around the little authority you have.  Well if you won’t do it I’ll take my business to someone that has better customer service.  Are you serious?  How do you expect to get anyone to ever work with you?  Do you want my business or not?  Do you know how long I’ve been in this industry?  You don’t know what you are talking about.  If you had any idea the amount of money I represent you wouldn’t be so concerned … (1 comments)

property management: I’ll give you a lollipop if you decide not to move - 02/25/16 05:26 AM
 
 
I have heard of different incentive programs that are supposed to increase the length of time tenants stay in a rental home.  Such as, earning points for rewards, giving out privlages, parties, etc.  I would like to hear if anyone has had any real, measurable success with these but here is my take on them.  If they cost anything at all then they are a waste of money.  There are some things that a property manager should be doing anyway that will be just as effective or more effective.  Also, no matter what you do tenants will eventually move anyway.
 
In general, your … (4 comments)

property management: Rental income may be passive but managing it is not - 02/24/16 07:14 AM

 
Many beginners in the real estate industry imagine their new rental will provide a care free source of cashflow.  If this is what you are hoping for, you may be in for a rude awakening.
 
Of course, being a property manager, I’m going to recommend not managing your rental yourself.  There are some real reasons for this, besides the fact that I’d like a chance to earn your business.
 
A rental property will need time and money put into it.  Over the normal course of business you will need to do bookkeeping, periodic inspections, take care of maintenance issues, find and screen new … (0 comments)

property management: Fill the water buck? No, I’m too busy with this fire. - 02/23/16 08:09 AM
 
Do you ever feel like your days are spent taking care of whomever or whatever is screaming at you the loudest?  Then by the end of the day you throw your hands up in the air, frustrated, upset, and dreading the fact that tomorrow it’ll all start over again.  If this is a recurring theme in your life then you may be too busy putting out fires rather than just keeping water in the fire bucket.
 
Mistakes and oversights happen and at times we’ve all felt the twisting knot in our stomachs as we stand stripped of pride, vulnerable, and about to … (2 comments)

property management: Help, Water is Leaking from the Ceiling - 02/17/16 02:20 AM
Turning the water off Quickly can prevent a minor plumbing issue from becoming a huge insurance claim.
We hang tags on the main water valve to help tenants find the water shut-off faster and potenantilly save our client money.
 
Just one of the ways we work harder and smarter to protect your investment.
 
Checkout the owners section of our website and watch our videos.
www.kasteelproperty.com
 
Kasteel Property Management
801-787-1177
1194 South Main St. Ste #1
Springville, UT 84663
 
(0 comments)

property management: Real Estate and Some of the Funny Things People Think - 02/21/10 04:36 PM
As someone that is excited about real estate I often get in conversations with people about rentals and real estate investments.  I've been asked so many crazy questions even from people in the industry. 
For example:
How much more should I charge for rent than my mortgage payment?(Ans. Rent is dictated by the market not your bills.  Just make sure you can afford your payment based on what you can charge for rent.)
 Aren't you worried about the value of the home going down?(Ans. No, my ability to pay the mortgage is not influenced by the value of the home.  Plus, real estate is … (3 comments)

property management: Choosing a Propety Manager by the Utah Apartment Association - 11/08/08 07:59 AM
Utah Apartment Association Journal: Volume 76, No. 3 (July-August 2008)
Choosing a Property Management Company
(pages 12-13)

There are a certain percentage of people every year who find that their schedule or their
life is too hectic to continue managing rental property. If they don't want to get rid of
their investments by selling, a property management company can be a good option. It
can also be a good option that can allow you to own more real estate than you could find
time to manage yourself, and still experience the wealth-building power of real estate.
Jeremy Higginson, a real … (0 comments)

property management: People in Real Estate need to have Real Estate - 07/21/08 05:29 PM
Those working in the real estate industry should have a clear understanding of how great real estate is to invest in and they should be investors themselves.  I've been in this industry for many years as a loan officer, property manager, investor and landlord.
 One thing that always surprises me is how many people in the industry don't invest in real estate and don't understand it.  As someone that is excited about real estate I often get in conversations with people about rentals and long term real estate investments.  I've been asked so many crazy questions even from people in the … (5 comments)

property management: Tips on Screening Prospective Tenants - 06/24/08 05:25 AM
Proper screening avoids a lot of problems.  I tell plenty of people that their application is denied.  It saves me a lot of problems later and protects my properties and the owners from expensive repairs.  It sounds harsh but I can't care about everyone's problems.  If they have to explain their situation to me I most likely will not rent to them.  I'm not willing to make other peoples problems my problem by taking them on as a tenant.
A good way of finding out if a tenant will be a problem is by letting them talk.  A lot of renters don't … (8 comments)

property management: Tips: Meth Pitfalls and the Need for a Standard - 05/20/08 06:59 AM
I've learned a few things about meth testing and there are some things people need to be careful of.  I'm a property manager in Utah and I've talked extensively with my attorney about Meth.  One major pit fall people get stuck in all the time is if you have a need to get a place inspected make sure you tell the inspecting company that you don't expect them to find anything wrong and if they do you will not be hiring them to clean it up.  You will only pay them for the inspection.  Inspectors have been known to report their "negative findings" to the … (1 comments)

 
Jeff Stinson (Kasteel Property Management - Property Manager)

Jeff Stinson

Springville, UT

More about me…

Kasteel Property Management - Property Manager

Address: 1194 South Main St. Ste #1, Springville, UT, 84663

Office: (801) 787-1177

Fax: (801) 515-8306

This is a forum for those of us that love real estate and love to invest in it. Please leave your comments, success stories and your not so successful stories. I'd like to see them all. If you have any questions about investing in real estate please ask.


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