Posts Tagged ‘managing rentals’

Information Overload in Property Management, Part I

Have you ever suffered from the dreaded business disease called “infobesity? The single biggest challenge of our collective jobs in property management is dealing with the raw amount of...

DIY Landlord Tips: When to Send an Eviction Notice to a Tenant

The reality of evicting an unexpectedly difficult tenant might take the lord out of your landlording. When you’re a property management company dealing with lots of tenants, you see patterns...

DIY Landlord Tips: When They Don’t Pay On Time

You did the best that you can to encourage tenants to pay rent on time, but alas, they still pay late! It’s easy, as a DIY landlord, to slip into a less-formal relationship with your tenants...

DIY Landlord Tips: Setting Up Fees and Payments

If you don’t want to return their funds, you can’t legally call them a “deposit”! As a do-it-yourself landlord, there are a lot of small lessons that are often learned too late by trial and...

Everyone at a Property Management Company is a Detective

Property managers have a particular set of skills…. Here are a couple of short anecdotes of times when someone at our property management company had to do some genuine detective work in order...

Property Management from 10,000 Feet: The Big Picture

What does a property management company do? The answer is simple: more than most people realize. What does a property management company do all day?  It’s a legitimate question – and here’s...

The Challenge of Finding Contractors

Finding new talent in the real estate construction and maintenance business usually means some amount of trial and error. The head of the Maintenance Department chatted with me about the struggles...

The ‘Emergency Marketing’ Dilemma

Yes, we’re doing more much more than put a “for rent” sign on your property. Recently, our Marketing Department had an interesting interaction with an owner whose rental unit just...

How to Invest in a Blighted Neighborhood

Blighted neighborhoods are genuinely a trap, but they’re only a trap for the unwary. Blight – in Detroit, it’s essentially defined as “a property that hasn’t been maintained in so long...

How a Professional Landlord Manages Contractors: Like a BOSS

50% of workers say they’re not sure what’s expected of them in their job. Sounds crazy, but it’s true! The Royal Rose Properties Maintenance Department deals with an extraordinary range of...