Property Management Saves Time and Money; 5 Concrete Ways a Property Management Company Can Save Time and Money for an Owner
In this article, I will show you how property management can save the owner more than just the cost of the management fee. Let’s say we have a property that rents for $1500/month. As a San Diego Property Management company our average fee in our area is 6-10%. So, let’s use 8% of $1500 which is $120/month. I’ll show you how a property manager can save over $1200/year by using a professional in the business.
1. The first way a property management company can save you money is by maximizing rents. Property managers understand rental prices and what a tenant is willing to pay for a certain unit in a certain area. Property managers also have an edge on advertising and showing. They know all the right places to advertise and are available immediately to show properties to get them rented for the best possible price. On average a property management company can save at least $50/month over 1 year which is already $600
2. The second way a property management company can save you money is by minimizing vacancies. Your average owner takes about 60 days to fill a vacancy depending on the market of course. With a property manager, they average less than 30 days. Again, with an average rent of $1500, the professional saves you over 1 year Continue reading
When you screen prospective tenants for your rental properties, do you suggest that they obtain renter’s insurance? Many landlords go beyond suggesting, and make it a condition of the lease—and for good reason. Renter’s insurance can protect you and your tenant.
Not only does renter’s insurance safeguard the value of your tenant’s property from theft or damage, but it also protects them from liability for accidental injuries or damages to the property of others. For example, if a tenant’s bathtub overflows, he or she would be liable for any water damages to the building and for any harm suffered by the neighbor below. With renter’s insurance, the tenant doesn’t have the worry or burden of paying for repairs or replacing damaged property.
While your Continue reading
A vigilant landlord tried to flag his former tenant as a suspected terrorist 18 months before the man was arrested for terrorist activities.
The former tenant is being held on charges of conspiring with undercover officers to conduct a suicide attack somewhere near the Capitol building.
The tenant moved into the northern Virginia apartment after he apparently married the woman who was leasing the home, according to a news report. She later moved out. When the Continue reading
The upside of living in a trailer is that you can take your home with you.
The downside is, when that home is moved against your will, it can take you too.
That’s the fate suffered by Tim Arnold, who claims his trailer was towed from an RV park in Titusville, Fla. — while he was inside it, according to WTAM.
Arnold lived at the RV park until Feb. 15 when he says his landlord decided to evict him.
“She told me I had an hour to get out of there or she was going to have it towed away,” Arnold told WESH.
Arnold says he told the manager he wasn’t going to leave, went inside with his dog and locked the door.
“Next thing you know, I’m moving,” Arnold told WESH. “I called 911 and I tried to tell them I was going down the highway in my RV and Continue reading
By: Don Deane
On Feb. 6th, Ashley Murray of Indiana arrived home with her son to discover a strange man in her apartment. At first, Murray thought she was being robbed. But then, she noticed that the interloper had cooked dinner, folded laundry and swept the floor. Imagine if all trespassers were this helpful!
According to reports, 45-year-old Keith Davis, a neighbor of Murray’s, entered the apartment Continue reading
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