As the Broker/Owner of a small (100 single family units) property management company, I try to stay on top of the learning curve. By attending classes on a yearly basis, I keep up to date on legal issues affecting our industry. I had the privilege of attending a class sponsored by the local Renta
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10/27/2008
We've all heard the tag lines "all under one roof", or "big savings with our in-house services", or "one-stop shopping". They all sound like great ideas, as they insinuate that we are receiving a bargain by getting more than one service from the same place. Such is the case with diversified compa
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10/27/2008
Given the large amount of vacant inventory on the rental market, it is important to establish a fair rental value based on the demand in your area. Here are a few suggestions: 1. Property Managers. A knowledgeable property manager can accurately predict the rental range in an area. Some can provi
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10/27/2008
As a small, service based property management company, I have a biased view of the situation. Each day we strive to make our presence known to consumers, depending largely on word-of-mouth referrals. Our larger competitors outspend us 100 fold to attract vast quantities of new clients to fill the
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10/26/2008
If you have been a Landlord for any length of time, you've probably dealt with your share of problem tenants, perhaps even evicted one. Here are a few tips towards maintaining a healthy business relationship with your tenant: 1. Set the boundaries. As a property manager for the past 16 years, man
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10/26/2008
A landlord recently told me a story about how his condo in Natomas was flooded out by a prior tenant. The tenant went to hang a small picture in the bathroom, and used a typical carpentry nail on the wall to hang the frame. Unfortunately, when the nail pierced the sheetrock, it also pierced the s
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10/26/2008
Taking the time to screen potential tenants properly can help minimize risk and lead to a better long-term tenancy. Everyone knows the basics- you need to check credit, income and history. Here are a few helpful tips that you may not have considered: 1. List your qualifications in writing, eit
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10/26/2008
I remember growing up how I always loved the wind and the rain, but as a property manager during the winter, all I can think about during a storm are my roofs (will they leak) and my fences (will they fall). Before the mercury plunges, make it a point to wrap your pipes. It's cheap, effective,
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10/25/2008
Investors Choice Property Management (ICPM) pays one of the highest referral fees to Licensed Agents for Property Management Accounts, $400 per management client. ICPM does NO SALES - We will promptly refer your clients back to you for any sales activity. Expired Listings? Refer your clients to u
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10/25/2008
Landlord's have many different ways of locating a property manager for their rental unit, so here are few good tips if you are in the market to find a property manager. Feel free to ask any questions and check back periodically for more helpful property management advice: 1. Decide what kind of
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10/25/2008