Part 1: Steps To Avoid Long Vacancies In Your Rental Property

You lose money every single day if you own a rental property and your tenant moves out. When you consider the fact that, unless you have a strong marketing plan, the average vacancy lasts between two and three months, it becomes obvious that your bottom line is in danger. Inexperienced property owners often don’t have the knowledge or resources to quickly rent their property. As a result, they end up with more vacancy days than needed. If you are struggling with long vacancies and are situated around Kitchener, rest assured that professional Kitchener residential property management services are the best… [Read More]

Traits a Great Property Manager Should Have

Property managers fulfill a very specific role; they handle all aspects of a residential or commercial property on behalf of an owner and this means a lot of responsibilities too. Property managers should have the necessary knowledge and expertise to handle a property effectively, but they should also know how to keep both the tenant and the landlord happy. And that’s no easy task. So, what makes a great property manager? In short, one who can handle all aspects of property management flawlessly. One who values business relationships and offers great customer service. Since the demands and requirements for every… [Read More]

Why You Should Hire a Property Manager Before Choosing a Tenant

Regardless of whether or not you’re the type of person who looks for the best in people, if you also happen to be a landlord and are situated in Kitchener, it pays to be extra careful. Good property management and paying rent on time is something most residential (long-term) tenants accomplish easily. However, it’s important to do the proper research thoroughly and in advance, so that future tenants don’t turn out to be more trouble than they’re worth. For example, when advertising for tenants, it pays to state that you also do credit and background checks. In addition to receiving… [Read More]

Buying a Real Estate Rental Property with a Partner

Careful, not cynical Sometimes, when a warning is given to someone it’s regarded as being cynical! These sensitive souls when it all goes wrong for them, then can turn around and ask why they weren’t told! Being careful is always a requirement in any situation that combines money and personalities. This includes buying and investing, which can involve real estate property management. It’s not only a question of giving your money to someone, but in how well they will assist in managing it and making a profit! Think smart Going into a property partnership means you have to be smart,… [Read More]

Pros and Cons of Utility-included Rental Agreements

Renting and Utilities The case for a landlord or their tenant being responsible for the payment of utilities; it’s an issue that can rear its head at any time in relation to residential property management. Looking at it from the point of view of a landlord, one of their financial goals in leasing out a property is to maximize cash flow. Therefore, as there are positive and negative factors involved, the different options must be seriously considered before a formal agreement is completed. By including utilities in the monthly rate; within the sphere of the property management, it could prevent… [Read More]

Property Management: Should You Furnish Your Condo?

Condo Furnished vs Unfurnished Starting with what is generally the first thought for a property owner considering renting out their property, is the financial cost and return! If you’re a landlord, you to want the best return on your investment that you can get. Primarily, you will be looking at spending more money initially on furnishings, but this will depend on the type of furnished condo you are considering. In other words, where it’s located and what type of tenant can you expect! This is where you would be wise to seek some advice from a Kitchener property management service…. [Read More]

Property Enhancement: Make a New Place Feel Like Home

The inspirational bed As we tread our way carefully through this title it’s a matter of fact that the bed is a crucial factor in how we appreciate our own space. It’s an important part of our home and personal environment because it’s not only where you sleep, read a book, watch television, study and sleep, your bed is a refuge from the outside world. When you are seeking accommodation helped by a residential property management service one of the foremost considerations is whether the bed will fit into a certain space! Looking deeper into your new home, the sensations… [Read More]

Property Management: Costly Mistakes Landlords Make

New landlord mistakes Being a landlord sounds so easy when you say it quickly; however, it’s also a business that is filled with pitfalls for the unwary, the careless and the lazy! On that note, we can start at the very beginning with choosing your tenants. Firstly, check their credit references, as you will discover that the majority of your future issues will be contributed to by tenants with a poor credit rating. So, take the time and energy to do this particular task properly! If you have a Kitchener property management team acting on your behalf, stipulate this as… [Read More]

Finding Vacant Properties with Management Methods

The action plan Having given some consideration to what they want in their next apartment, for example, the preferred type of landlord or residential property management service and the price range the prospective tenant is now ready to begin the search. At least, with some form of an action plan in mind, their search should be more effective and faster. The most obvious and convenient starting point is obviously the Internet and a residential property management service with many and varied sites waiting for their search criteria. This will include primarily the desired location, type of accommodation, price range and… [Read More]

Why Hiring a Property Manager is a Good Move for First Time Rentals

Buying real estate to use for rental properties is always a good idea, especially when the market offers affordable purchasing power. However, if you are a first time investor, you must be careful. You can easily become overwhelmed by the rental process and lose sight as to what you should be doing to succeed. To start off on the right foot, it is essential that you hire a qualified property manager to handle the day to day operations for you. The property manager will help you see a return on your investment. Property Managers have experience To begin, property managers… [Read More]