Archives for January 2017

3 Reasons Why Landlords Might Now Want to Sign a Lease

If you are considering using a property you own as a rental property, it is important to understand the logistics involved. For a legally binding rental agreement, a lease must be signed. However, there are those landlords who do not sign a lease. Any property management company will insist that you sign an agreement with the tenant to ensure the property is treated well and that tenant is legally bound to pay the monthly rent. Working with a property management company is a great idea as it offers you added support as well as knowledge when you are entering the… [Read More]

4 Accurate Ways to Determine Market Value of Residential Property

Investors commonly purchase residential properties to use as rental homes to turn a profit. It is not uncommon for an investor to own a couple homes in their local area or perhaps several homes across several cities. When investing in a home, it is important to know how to determine the market value. You want to ensure the home you are considering purchasing will be worth the amount paid. Read on below to find out the top four accurate ways to determine market value of a potential residential property. Understanding the Term Market Value To begin, you must understand the… [Read More]

Common Maintenance Requests At A Residential Rental Property

When you decide to purchase a residential property, you will find the process can be time consuming. You will have to care for the property and provide maintenance when the renter has an issue. If you are not handy yourself, it is recommended that you have contact with a plumber, contractor, etc. so that you have someone you can go to when problems arise. As a landlord, property maintenance is your responsibility and you will find that it can take up a great deal of your time, especially when you have multiple properties. It can be beneficial for you to… [Read More]

5 Profitable Reasons Why Landlords Should Hire Residential Property Managers

So you have purchased a residential property to rent to tenants, congratulations! You may be well on your way to a new profitable business. Owning residential rental property can be tough when you go it alone and it is recommended that landlords work with property management companies for a variety of reasons. If you plan on owning several residential properties that will be used for rental purposes, read on to see how a management company can help you see higher profits! Quality Tenants When you work with an experienced property management company, you will be hiring experts who know how… [Read More]

Facts You Should Know About Property Management in Waterloo

Waterloo is a city in Ontario, Canada and considered the smallest of the three cities located in the Regional Municipality of Waterloo located near Kitchener. The area is a busy metropolitan zone where visitors will find businesses as well as apartments, condos and homes. For property owners, Waterloo is a prime zone to consider for rental purposes. You will find you can make a pretty penny by renting out a condo, home, apartment or business space. Rental property management in Waterloo can assist in your efforts by managing your rental space, handling the daily details. But what does that entail?… [Read More]

Factors Renters Really Want in a Rental Property

If you are considering purchasing a rental property, there are many factors to consider. You want to purchase a property that will be appealing to renters, but what do renters really want? What factors should landlords consider to ensure the property will be rented, be it a vacation home or residential dwelling? Check out the key points below to ensure your rental property is up to par with what renters wish to see in the space. Updated Décor This may seem silly but updated décor goes a long way when it comes to rental properties. A potential renter may not… [Read More]

Technology and Commercial Property Management – Latitude Properties

Commercial property owners who use management companies to handle the rental aspects of the property have found that technology of today makes the process much more advanced. From social media to websites, commercial property management companies can assist in a variety of ways to help property owners be more successful. But how does technology play a role? Online Presence Improved If you own commercial real estate as rental property, you most likely have some sort of website. With a commercial property management team, your website can be revamped or even changed completely to be of benefit to your property holdings…. [Read More]

Important Questions To Ask Before Hiring Your Property Manager

As you consider hiring a property manager, it is important to evaluate the company you would be working with. Ask questions to ensure that the company will be able to provide you with every service you need for your rental properties. But what questions should you ask? Read on below to see a few ideas to help you choose the right property manager. How Much Experience Do You Have? To begin, you want to know how much experience the manager has with rental properties. Find out how long the company or individual has been in business and how many rental… [Read More]

Role of a Property Manager in Leasing Commercial Real Estate

Commercial property management is an essential option when it comes to owning commercial rental property. As the landlord, you want to make the most of your investment. It is more beneficial for you to work with a property manager who can handle the tenant side of your property, allowing you to focus on other areas of your business. But what is the role of the property manager in leasing commercial real estate? To begin a property manager is hired to learn more about your commercial properties. The individual or team will assess your holdings and create customized real estate management… [Read More]

When is the right time for a property owner to employ a property management service?

Being a property owner is a great way to provide steady income for your family. If you are just starting out, you may own just one or two pieces of residential property that you rent out to individuals as you try to earn a profit. You may soon find that owning rental property can be exhausting, especially if you are doing it all by yourself. There is an option that can be helpful to sharing the work load and allowing yourself to focus more on the business side rather than dealing constantly with renter issues. Hiring a residential property management… [Read More]