How to be a successful property management company
Like any other business, a property management company has required business component needs, to be successful. If nothing else a property management company will need all the equipment for running a modern operation and a work base. A lot of new business owners start working from their homes to manage costs and when the property […]
There are people in Philadelphia who would rather rent a property than purchase a home. The most savvy Philadelphia property managers, and landlords, are those who find a way to understand why certain people will rather sign a lease than own a property. Convenience, affordability and flexibility are some of the reasons why Philadelphians who’re […]
Virtually all people involved in managing a property for rent, understands the importance of having potential rental applicants screen for credit. This applies to professional Philadelphia Management Companies like ours, Landlords and Real Estate Agents. And in Philadelphia, its hard to find a tenant looking for a rental that doesn’t expect to have some form […]
The bane of everyone involved in the real estate industry, be it as a real estate agent, a property manager, or a real estate investor buying holdings is Zillow and their horribly inaccurate Zestimates. Inexperienced property owners often give credit to the website, that has no actual foundation to base values against. Zillow hasn’t step […]
There has been recent discourse from my property management forum about Councilman Jones’ Just Cause legislation. This anti-landlord / rental property legislation would allow a renting tenant to contest the legal termination of a lease, by going to the Fair Housing Commission to dispute it. I wanted to make landlords aware that under the leadership […]
Is your Philadelphia rental property at its highest and best use? Highest and Best Use is a Real Estate term that means the reasonable, probable and legal use of a property. From a Property Management, or a Real Estate Investment Perspective, “Highest & Best Use” simply means what is the most profitable state your Philadelphia […]
So you are trying to find a tenant for your Philadelphia rental property; but its going slower than you thought?As a property manager I know just how expensive vacancy can be for a landlord – In fact vacancy is the number one decider on whether a rental property is profitable or operates as a loss. […]
As you begin the hard search for a good tenant to rent your property, there are a few things to consider. One is: Who would you like to rent to? Executives? Long-term rental? Short-term rental? Families? Students? There are many laws involving who you are allowed to not rent to. But the above list is […]
“What if a tenant stops paying rent?”. A bad tenant reduces cash flow – usually enough to turn positive cash flow into a devastating negative loss. One month your income property is paying you – the next you are having to pay the difference of lost rent. That’s a real problem if you are relying […]
