Insurance

Protect Your Belongings

July 7, 2010

On the news this morning was a report of a rash of arsons on vehicles near downtown Santa Cruz.  Whenever I see a fire situation or a flooding situation on the news my first thought is, “I hope they have insurance.” With every lease we have tenants sign we have a Renter’s Insurance Addendum where [...]

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Property Management from A-Z: Y

April 14, 2010

Yearly Planning, Year-End Planning Yearly Planning – this should be done before the new year begins.  It should also be reviewed quarterly.  Again, this is your business, your investment.  What should be part of your yearly-planning?  Any turnovers coming up, what maintenance needs to be done this year?  Have a budget?  Taxes, Insurance, Mortgage, Utilities [...]

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Property Management from A-Z: Q

March 17, 2010

Question & Qualifying Applicant Question – You as Owner always want to question and get more info not just from tenant when they call with maintenance emergency – ask lots of questions to understand situation but question your insurance agent annually to make sure your investment is property insured.  Be pro-active in staying on top [...]

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Property Management from A-Z: O

March 12, 2010

Organization Even if you have only 1 rental you need to be organized and have a system that keeps all your records in order.  I have a binder and it has the following tabs: Summary – 1sheet with tenant contact info, rental amount, security deposit amount, recent maintenance done Lease – lease and application, credit [...]

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Property Management from A-Z: M

March 8, 2010

Management – Time, Money, Maintenance, Relationships Management – Time This is extremely important if you are going to manage your properties yourself.  Prospects can gobble up and waste your time.  The biggest tip I can give all of you is to make applicants, tenants fit your schedule.  I don’t do open houses for showings – [...]

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