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Business Systems

Whether you are managing one rental or several you have to treat the property as a business. It is no longer the family home it is an investment that needs to be managed as a business. In this section I will share some of the business systems I use personally and in my company. I look forward to hearing about the systems you use. Why recreate the wheel!

Security Deposits – what you can and can’t do.

July 25, 2012

Hi all, When I teach classes and in my business the issue of security deposits always is a topic of great discussion. Often owners just don’t understand what they can’t keep the entire deposit and do with it what they wish. Often tenants feel they should get it all back since everything is wear and [...]

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Emergency Plans in Place

June 27, 2012

Well the last post I did was in February and we are now in June.  So what has been going on to keep me so busy to neglect my blog?  Family.  If you are in your mid forties or older you may be dealing with aging parents.  It is that time of life for me.  [...]

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Training Leads To Improved and Updated Procedures

June 14, 2012

As with any company there are times when you will train new employees or work with new vendors that you will need to train to your way of doing things. One of the benefits to spending time to train new people to the team is that it forces you to look at how you do [...]

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Electronic Signature – Is it for you?

January 25, 2012

We finally made the move to signing all leases and management contracts electronically. I was worried that something would be lost by not sitting down with the tenant and going over the lease with them. What I realized is that they are so preoccupied with their move that they don’t really read the lease. We [...]

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Class is over – What did we learn?

October 19, 2011

I teach classes at Cabrillo College in Aptos, CA a couple times per year.  It is always great to touch base with consumers to see what is really on their minds.   The take away from the class is that as an Owner you need to know the laws and fair housing.  Take a great [...]

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Annual Preventative Maintenance

October 14, 2011

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9/11 how does it relate to managing rentals?

September 21, 2011

We just observed the 10 year anniversary of 9/11. The take away for me was the reminder of how precious life is and the fact that our lives as we know it can be turned upside down in an instant.  So how does that impact owning rentals? We need to be prepared.  Once you own real [...]

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Business Systems – Tips & Tricks

January 12, 2011

1/12/2011 When I teach classes I am always telling the attendees that managing a rental property is a business and needs to be treated as such. Here are a few tips: Have a filing system – any system will work Current tenant files should include: application, credit report, emergency contact info, copy of renters insurance [...]

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