Insurance

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 [...]

Read the full article →

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 [...]

Read the full article →

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 [...]

Read the full article →

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 [...]

Read the full article →

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 [...]

Read the full article →

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 – [...]

Read the full article →