I was at a Property Management Mastermind Group with several top property management companies from around the country and after the conversation became more casual among the property managers in attendance, some asked our opinion on whether hidden safes in rental properties add rental value. Essentially, the question is whether tenants would pay more rent […]
There are several different types of property managers. Here’s a breakdown of what each type of property manager does. Each type of property manager is reflecting varying degrees of knowledge possessed at different management levels. Granted, the amount of authority also changes with the management level, but this is usually just a further reflection of […]
The short answer is:Philadelphia never really had a street labeled: “14th Street”, although Broad Street serves as 14th Street since it sits wonderfully between our 13th and 15th Streets. Owning a property management company that specializes in Center City Philadelphia, I encounter the city’s best-known arterial multiple times daily. And I’m also the property manager […]
11 Strategies to Increase Tenant Retention for Higher ROI Do you want to boost ROI on your Philadelphia rental properties? Simply minimize your rental turnovers to the lowest possible. During turnovers, your property is vacant, and you are not earning rent, but you still have to pay the mortgage. Additionally, you may have to repair […]
Start Collecting Late Rent Fees Most experienced rental property owners will tell you that it’s not uncommon for tenants to pay their rental payments late. And it can cause financial problems for landlords who have their own expenses to pay. Even the rental property itself has its own financial obligations that must be met – […]
How Technology Runs a Property Management CompanyTechnology. In some fields it’s taking jobs, in but in fields like property management tech is merely adding important tools that help property managers untangle, and organize a sometimes complicated business. Owning a tech-first property management company has allowed us a level of service we would never be able […]
Message from the Pennsylvania Board of Realtors to Philadelphia Real Estate Agents Regarding the Recent Purposed Property Tax Hike to Property Owners: Dear GPAR Member, I hope this message finds you and your business doing well. I am writing to you about the City of Philadelphia’s FY2019 budget proposal and our positions on it. Where […]
