7 Things To Look For In A Management Agreement

If you’re a Landlord who’s decided to hire a professional Property Manager, do you really need a written Management Agreement? ABSOLUTELY. Management Agreements outline the terms of your agreement with the management company – how long they will be responsible for the property, what they will do, how much they’ll charge and so on. Some of the important things to look for are: When the agreement commences and ends and if there are any renewal clauses. Does it automatically renew until it’s cancelled? Under what circumstances can the agreement be terminated? How much will you pay them each month? Is…

Questions to Ask Before Renting a Property

Looking for a new home is often challenging, particularly if the rental market is tight and options are limited. Before renting a property what types of questions should Tenants ask themselves before making a final choice for their new home? Ask Before Renting a Property What type of neighborhood is the home located in? Is it a safe area? You’ll want to make sure you’re comfortable with the location of the home before considering it. If you just don’t feel good about it once you’ve driven around the area, it maybe isn’t the right choice for you. Your security is important…

How to Get Along with your Landlord or Property Manager

Sometimes it can feel like you butt heads with your Landlord, maybe repairs aren’t being done as quickly as you’d like, or they don’t call you back “fast enough”.  How can you get along with your landlord and foster a smooth relationship? Get along with your Landlord Here are some of the best ways to ensure you and your Landlord, or Property Manager, will get along: Pay the rent on time and in full. You agreed, when you entered into your Tenancy Agreement, to pay the rent on or before the first of each month, so make sure you do….

Protect Your Real Estate Investment

Do you own property in which you have one or more tenants?  Whether you’re a new or seasoned investor, being a landlord can be exciting and profitable but it can also be a heavy workload. So how can you ensure that you protect your real estate investment? Obligation of being a Landlord Being a landlord, you’ll experience the inevitable tenant turnover and you’ll need to advertise and promote the property looking for new tenants. You’ll also need to: arrange normal repairs and maintenance for the property deal with any issues quickly and effectively, and that can be very difficult, stressful and…

What to Expect From a Move-Out Inspection

You’ve been renting a place for a while now and the time has come to move out. What happens next? What does your Landlord expect from a move-out inspection when you vacate the property and how can you ensure you’ll get a full refund of your security deposit? Move-out inspection cleaning standards First off, clean the premises. Clean the floors, the walls, and the appliances (inside and out, under and around). Don’t forget to clean the windows, the window tracks, the bathrooms, and the cabinets (inside and out). Anything that can collect dirt or dust should be wiped down, washed and…

4 Pitfalls of Managing Your Own Rental Properties

There are pitfalls of managing your own rental. Have you ever gone to the property only to find that your new prospective tenant did not show up? What a waste of time, managing your own rental can be! We are here to help you handle situations just like that. 1. Screening new tenants Finding, screening and approving new and qualified tenants can be a difficult task. It involves advertising, phone calls and lots of questions. Sometimes things go wrong, especially when you’ve gone to the trouble of setting up appointments yourself. Even when you do get an application to rent, there’s…

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