Property management services offer individuals operational services in commercial real estate, residential real estate, and even industrial based real estate. Many property owners are now electing to implement the use of these services due to the advantages that they offer. If you are one that engages in one or more types of real estate, you may find that these services make your transactions and business run more smoothly. In t Continue Reading
The idea of property management (sometimes referred to as 3rd party management) has been around since the dawn of time. But, before property management was a job or career, a title or a company, property management has been an action that many people attended to around the land or buildings that they owned themselves or leased from someone else. Property management can mean different things to different people. For some, propert Continue Reading
Things are rapidly changing in real estate investment and smart, resourceful, pre-foreclosure investors will have their best year in 2008. Those investors who continue doing the ‘same old, same old’ hoping for the results they got three years ago, will perish.
Investors resistant to change who take on the rigidity of the Sequoia tree will be forced to crash into the ground of financial failure by the changing real est Continue Reading
Five Considerations of Hiring Property Managers
1. Management Fee
The property owner needs to understand the purpose of the management fee (typically 10%). The percentage management fee pays for the property manager’s time. The 10% allows someone else to help shoulder the burden of owning the property. The owner is paying for someone else to field 2:00 am calls. It is important to remember that the property Continue Reading
While many property managers still use Excel spreadsheets or a pencil and paper to manage their investments, there are much better tools available. The property management software you choose should be flexible, inexpensive and easy to use.
You need a really flexible rental property program because, as a property manager, you never know what tomorrow may bring. You might need to get details about a property or Continue Reading
