Archive for the ‘Hiring Property Manager’ Category

How to Manage Properties: Detectives on Assembly Lines

Employees shouldn’t  be mind-readers or push-button robots. Royal Rose Properties has built its business model with an eye toward the long term, both in terms of how to manage properties on...

Tales from the Rose: Every Detail Matters

How do you all deal with being a landlord when it seems that tenants are constantly angry? When you manage almost 400 properties spread across just under 200 portfolios, every detail matters. You...

A DIY Landlord’s Guide to When to Stop Being a DIY Landlord

Want to Fix Tenant Toilets at 3 a.m. and Lose All Your Money? Being a DIY landlord can, if you play your cards right, be a pretty low-key affair – our last week’s blog post has some clutch...

Property Management Paperwork & Data: How Much is Too Much?

Fortunately due to modern technology, the trees can breathe easy since many property management paperwork are now digitalized. Property management styles run the gamut from the laissez-faire “Do...

How Long Does It Take? Vacant Property Edition

study found that closing times on real estate rentals are getting longer—on average it now takes 50 days. Royal Rose Properties does a lot of things for our owners. We manage renovation, repairs,...

Identifying the ‘Target Market’ for Your Property

Realtors use the same strategies their competition is using and somehow expects better results. Any kind of post proposing to talk about ‘targeting’ a property advertisement has to begin...

Your Property Management Agreement: What Does It Mean?

A Contract is a written list of the promises you have made. A Property Management Agreement is a complicated document. We get enough questions about ours that we figured we should probably do a...

What Makes Royal Rose Properties Different?

Different in a good way. Recently, one of our employees — the wonderful young woman who represents us at all of the local trade shows and association gatherings — asked me a question...

When a Detroit Property Manager Goes Out of Business

“This, too, shall pass.” We received word a few weeks ago that one of our major competitors in the Detroit area was going out of business. Of course, it’s always good news from a...

Under the Hood, Part III: Property and Time Management

Do you know what happens to an engine when the timing is off?   The last two weeks, we’ve talked a little about some of the background processes that are invisible to our clients, but...