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PROPERTY MANAGEMENT BLOG
Author:hostCreated:10/7/2008 8:02 PM
Property Management

Landlords across the country will tell you that they are the best when it comes to singling out a bad tenant no matter how good they try to conceal themselves. However, nearly every property owner is dealing or has dealt with fraudulent and unmanageable tenants who have caused them problems over the years. This is one of the biggest problems that a landlord can face when it comes to property management, since it affects their income and increases their expenses at the same time.

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Commercial property management is designed to meet the demand of landlords who own commercial properties. The process of managing the property then solely falls on the property manager, who has supervision of the property and has to look after the upkeep, leasing, collection of rentals, screening tenants and any repairs that the property may require. Properties that qualify as commercial properties are any type of property that is offering some form of business venture to the public. For instance, space for retail stores, and multi-storied apartment buildings.

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Property managers in the industry today are leaning towards hiring a property management company who looks after the property and deals with the daily operations of the business. Like every other industry, there are some good companies and some bad ones. Therefore, a property manager must choose a management company that is going to make their work easier rather than harder. The amount of properties an owner has does not have any bearing whatsoever on the process of hiring an effective property management company.

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As a landlord or property manager, the move-in process can be a little tricky at times. Sometimes unique circumstances create a move-in that strays from the usual, but that may cause certain difficulties at the end of the lease. No matter how friendly your new tenants seem, it’s always safer to follow regulations at the beginning of each and every lease. This way, you can avoid any surprise issues at move-out. The best way to protect yourself as well as your tenants is to use a move-in checklist.

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All “buy and hold” real estate investing follows the same, simple equation:


rent collected – expenses = profit (or loss)

Lowering expenses increases profit, and investor/owners like you work hard to tame expenses. You can insulate and install energy efficient lighting and timer thermostats to lower your utility costs. You can refinance your mortgage to lower your monthly payment. But what about your property taxes?

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Our topic today is renting your home out versus selling it. We wanted to give you a few tips and things to consider if you’re in a situation where you have to make a decision quickly about whether to try and sell your home or rent it out.

First, ask yourself if you can afford to sell. We’re in a market now where property values have come down in the last few years. While those property values are staring to improve, owners are often finding they owe more than their homes are worth. So you have to understand that if you sell, you might be losing money. Are you willing to lose that money and come to the closing table with the funds necessary to pay off your mortgage?

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The good weather’s on its way. Let’s fire it up!

Whether you’re a die-hard charcoal fan, or more of a “taste the meat not the heat” propane griller, I hope you enjoy these tips and recipes. One of the great joys of owning your own home is making a space for a little outdoor cooking. It can be hard to grill on an apartment balcony!

 

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It has only been a few weeks since the East Coast experienced torrential downpours and flooding rains, but even after a few months of clean up, there is still work that can be done around your Destin rental home. This time, we are not talking about lawn maintenance, but something a little more serious. That is right: mold.


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 The number of fake rental scams on Craigslist and other online classifieds continues to grow, with new aliases appearing daily. But while the names may change, the methods are always the same. These thieves, mainly based in Nigeria, the U.K. and the U.S., are out to steal renter’s money and identity.

There are several items to look out for:

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 Are you tired of getting stuck cleaning out rental units. Are you losing time, money and sleep hassling with security deposit disputes?

Even the best of tenants can lose it during those last stressful days before a move out. At some point, they put their emphasis on their new place, not the old unit.

Unfortunately, it’s the landlord who suffers the immediate consequences.

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Whether you are looking for a company to fill your property management or accounting needs for your Home Owners Association in Philadelphia, Bucks County or Montgomery County areas, give Onyx Management Group a call. Thanks for visiting this online residential and commercial real estate property management source.

If you're looking for assistance managing your residential or commercial property, or in running your homeowners' or condominium association, please contact us for a free assessment or simply submit a request for proposal. We will be glad to provide you with a comprehensive list of services that are tailored to your association needs. If you're looking for a dependable and reliable company to provide these services at a fair price, call us today!
 
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