5 Skills That All Property Managers Need

The greatest property managers are those who are able to apply an expansive skillset to the different situations they find themselves in. They handle situations requiring negotiation, organizational skills, strong communication and customer service with so much ease. Property managers are also good at managing tangible property-related issues like repair and maintenance. Here are 5 […]

Challenges with Owning a Property Management Company

Property management is such a difficult job especially if the company belongs to you. Property management companies all have their own peculiarities, which is why you need a professional with a good understanding of the assets under supervision. Property managers draw on their experiences and skill to handle an array of tasks in other to […]

How Do I Start a 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 cost and when the property […]

Anti-Landlord Just Cause Legislation

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 […]

Rental Property Highest & Best Use?

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 […]

6 Broken Things That Stop Tenants From Renting From You

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.  […]

What type of tenant should you look for?

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 […]

Multifamily rental renovation ROI

Owning a rental property makes you a Real Estate Investor. Here are some investment strategy tips on how improvements can affect your investment. Improved Properties Increase Rent – Which will increase your cash flow. Improvements are Tax Deductible. Improvements Increase Property Appreciation. Each improvement that you make to your properties will be funded by your […]

How rental properties give you a leveraged return unlike other investsments

For virtually every home owner, buying a property will be their greatest single investment. As real estate investors, we not only know this but we take it to a whole different level! Here’s a quick look at how you might be using leverage. Leveraged Return Let’s say you buy a home for                                  $100’000.00 And put […]

Increase Rent and Increase Your Cash Flow

In my last letter to you I suggested rent formulas often used by Property Managers like myself. Another strategy that you might find helpful will be Incremental Rent Increases. Managing my client’s properties, it is my responsibility to greatly maximize their investment, and to advantage them every way I can. One of the ways I […]