Archive for the ‘Hiring Property Manager’ Category

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...

How to Evaluate a Property Manager: Deal-Breakers

Some things you can brush off. These you can’t. Property management is one of many industries that operate on what market analysts call “asymmetry of information.” In other words,...

5 Things A Property Manager Does For A Home Investor

One heck of a lot more than the guys who put out ads like this: Sometimes, it’s easy for a property manager to forget that there are home investors out there who simply don’t know why...

Questions to Ask a Potential Property Manager, Part 3

“How many licks does it take to get to the center of a Tootsie Pop?” — Sample Question not appearing on this list. If you’ve been following along, you know the drill by now...

Questions to Ask a Potential Property Manager, Part 2

“When does the bridge flow, and the river remain still?” — Sample Question not appearing on this list. You’ve asked your prospective property manager everything you need to...