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Property Management Blog

Published on Wednesday, March 11, 2009

Home Watch Security Services at Onyx Management Group

Home Watch Group Security Services

Who is there to protect your home investment when you are 1,200 miles away for prolonged periods of time? Who is there to keep an eye on your home while you take a short weekend trip? The answer is Homewatch Services of Onyx Management Group, Inc. We offer numerous home security services; here are some of our more popular services.

(where applicable)A home alarm system is a valuable tool against home burglary. But it only works if activated. Each time Homewatch Services of Onyx Management Group visits your home we test your alarm system for activation. If your alarm system is not monitored by a third party service company, we will notify you if it has been tripped.

If your home doesn’t have an alarm system, Homewatch Services of Onyx Management Groupcan coordinate the installation of one. We offer systems from several different alarm companies. Most importantly, we can be there during installation to ensure proper set up to your specifications. Once installation is complete, we will gladly test your new alarm system.

As an added measure of security–add Homewatch Services of Onyx Management Group to your security alarm call list. By doing so, if your alarm is tripped in the future, we will be one of the first to know. For instance, if you are out of the country or cannot be easily reached, we can be there for you. We will assess the situation on your behalf and answer any questions the authorities may have. Most importantly, we will make sure you are contacted personally.

Homewatch Services of Onyx Management Group includes a security check on each inspection. Upon arrival we check each door and window for signs of forced entry or vandalism. If there are any signs of intrusion, we will immediately contact the authorities. At departure we check each door and window to make sure they are locked. As another layer of security we rotate our inspection order to eliminate any fixed patterns or human mistakes.

Many thieves will case your home before making their move. Homewatch Services of Onyx Management Group can maintain your simulated presence. We keep blinds partially closed to obscure the view of valuables and avoid the appearance of emptiness. We maintain your light timers and rotate your chosen lamps. Lastly, we can randomly park your vehicle outside of the 
garage. A home with life will keep the break-ins away.

As and added bonus, Homewatch Services of Onyx Management Group will check and secure your additional assets located on your property. We’ll check boat locks and covers, your vehicle locks, and we’ll secure and lock any property fences or gates.

Onyx Management Group is the premier provider of homewatch services in Philadelphia, Bucks County, Montgomery County, Princeton are of New Jersey. We are always be conscientious in our approach and responsive to our client’s needs and requests. We treat each home with the same care and attention that we do our own. We conduct our business in a fair and ethical manner. read more...
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Author: Web Master

Categories: Property Management




Landlord Knowledge Base

If you’ve ever considered investing in a few rental properties in Philadelphia or Bucks County, PA now might be a good time. Prices are still low in Philadelphia, but have been on the upswing. According to the National Association of Realtors, the median price of an existing home in a US metropolitan area grew 13.7% between July 2012 and July 2013, the latest in a 17-month streak of year-over-year price increases. 

New landlords can choose from properties that are likely to appreciate and a large pool of potential renters.Licensed realtor Pat Mueller cites a few reasons for this trend: “Many families have lost their homes to foreclosure and are entering the rentals market for the first time in years. Mortgages are also harder to get now, so fewer people are qualifying for a new one.”The more skills you bring to the table to get into Houses for Rent in Philadelphia Philadelphia or Bucks County, PA and the more time you have to devote to your properties, the faster you can make a return on your investment. 

But investing in rentals can also be disastrous (or too stressful to be worthwhile) without expertise. Here are three professionals you may consult about your new rental properties, and what you can do to mitigate how much they cost you:Handyman:  You may need to hire a specialist for some work on your rental. If you need new outlets or new pipes, for example, hire an electrician, plumber or licensed contractor. Handymen usually tackle smaller, more manageable tasks, like:

  • Painting and paint removal
  • Drywall repair
  • Minor appliance repairs (fixing a leaky toilet or faucet, among others)
  • Installing tiling or flooring, moldings, windows, doors
  • Refinishing decks, cabinets and other wood items

When You Could Skip It: You could do any (or all) of these projects yourself if you have the time and interest in learning. Of course, this only works if you live relatively close to your rentals and are flexible enough to service them on short notice. And if you’re willing to respond to the occasional 5 AM basement flooding.

Average Savings: Any base rates or costs-per-hour vary from location to location in Philadelphia or Bucks County, PA , but nationally, you can expect to spend an average of $60 to $85 per hour for repair costs. It general costs less to hire an individual handyman than a handyman employed by a company. Expect an additional charge if your job requires a trip to the store for materials.

Resident Property Manager As the owner of a handful of rental properties, you may be able to manage them yourself, but if you want help, a single resident manager would probably be more cost efficient than a property management company. Resident managers may:

  • Serve as a handyman
  • Advertise vacancies in your units
  • Show apartments to prospective tenants
  • Review rental applications
  • Collect rents

When You Could Skip It: Again, the closer you live to your properties and the more spare time you have, the less likely you are to need a manager. The obligations of being a boss will also cut into the time you save on maintenance.

Average Savings: The national median wage for residential managers is just over $25 per hour. Research the wages in your community and adjust according to how much responsibility your manager will take on. 

Real Estate Agent: Once you’ve gotten your financials in order and done your own research on the neighborhood(s) you’re considering, you might contact a realtor to show you potential properties. You can also arrange for a realtor in Philadelphia or Bucks County, PA to show rentals once they’re ready to rent.

When You Could Skip It: It depends. Even if you’re a local, or have thoroughly researched the neighborhood(s) you’re considering, a realtor is a great resource for a first-time rental buyer. Realtors have access to data and statistics not necessarily available to the general public and first-time buyers may not know all the right questions to ask. Using a realtor to fill your Houses for Rent vacancies is less of a no-brainer, depending on your other time commitments or whether you plan to hire a resident manager who could do the same thing.

Average Savings: As a buyer of rental properties, as when buying your own home, sellers typically pay most, if not all, of the buyer’s realtor fees. In this case, Mueller points out there’s little reason not to work with a realtor. For help in filling your units in Philadelphia or Bucks County, PA, the services of a realtor would set you back between 10-20% of the unit’s rent per month.  Mueller recommends interviewing with several brokers before making your final decision to invest into Houses for Rent .

The Bottom Line: As a new landlord, you can’t necessarily control the flexibility of your schedule or the amount (and cost) of unexpected repairs to your properties. Rentals are a long-term investment. However, to maximize profits from your Houses for Rent, new rentals, you can buy close to home and start small. It is best to begin with just one or two properties. This will allow you to maximize the time you spend on your properties’ needs, and minimize the amount you’ll have to pay anyone else.


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