maintenance

Property Management from A-Z: W

April 7, 2010

Wealth, Waste (time & money), Wear & Tear, Web Wealth – Owning investment property is an excellent way to build long term wealth.  As long as you manage your property as an investment and business your chances of building wealth will be good.  Many people don’t treat their rentals as an investment and therefore actually [...]

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Property Management from A-Z: P

March 15, 2010

Patience, Preventative Maintenance, Pets, Policies & Procedures, Photos, Profit Patience – Always outline in detail what you want done with the property and in the lease.  When tenants ask what seems to be stupid questions be patient and happy that they are asking you first..educate your tenant. Preventative Maintenance – Do annual checks for batteries [...]

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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: N

March 10, 2010

Notices:  3 day, 30 day, 60 day, 90 day, 24 hour People often get confused over a variety of notices and when to use.  I will outline the ones mentioned above. 3-Day to Pay Rent or Quit This notice is used if you haven’t received the rent by the due date.  You post a 3 [...]

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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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Successful Landlording Cabrillo College Class

March 7, 2010

Successful Landlording Twice a year I co-teach this class with Karen Calcagno, Linda Murphy and this year with Paige White through the Cabrillo College Community Extension program. Yesterday, March 6th, was a full day with 15 attendees.  I am so pleased to find investment property owners willing to educate themselves about the process, and their [...]

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Property Management from A-Z: K

February 24, 2010

Keys – I am often amazed at how many property owners don’t want to rekey between tenants.  Here is my argument for doing so. You have no idea how many keys are floating around or who has them You are assuming a huge liability if anything were to happen to new tenant Tenant can’t get [...]

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Property Management from A-Z: J

February 22, 2010

Jaded, Job & Judge Jaded – I see long time property owners who get to a point where they are jaded about tenants and being a property manager.  This ultimately comes about because they, the owners, don’t have procedures in place so every interaction with their tenants is a new and taxing experience.  This is [...]

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