Besides thorough screening, proper rent collection techniques are the best way to avoid evictions and reduce turnover. Rent collection might seem like the most basic part of managing a property. It’s a tenant’s responsibility and contractual obligation to pay rent. So, many landlords think they just need to collect and deposit a check every month. Being a landlord is a business, and tenants are your customers. I like ... read more >>
Leasing and managing luxury properties requires a different approach than you might take when renting out other properties. At the Mike Dunfee Group, we manage a lot of luxury condos, especially high rises. We have an extensive portfolio of penthouses and beach properties and homes in affluent neighborhoods. Today, we’re sharing some of the insight we’ve learned from doing this over the years. Hopefully, it will help you if you have a luxury investment property on the rental market.
These are unique properties with a disce... read more >>
Part of being a landlord is assuming a certain amount of tenant risk. Proper screening greatly reduces that risk. Today, we’re talking about tenant screening and how it can protect your rental property.
Set yourself up for success and price your property right. An overpriced property will only attract the tenants who were turned down everywhere else. Run an accurate ad with a good description and the full rent amount. This immediately screens out people who can’t afford the home.
The cle... read more >>
There are many reasons a landlord should use a professional property management company to manage an investment property. A big reason is repairs. Let’s face it - repairs can be a hassle. They will often happen at inconvenient times. You have the nightmare of having to schedule with tenants, manage access issues, and then deal with neighbors and the repair people. A professional can make the process smoother and save you money.
When you’re managing repairs, you need a system for documentation. You have to document wh... read more >>
There are many reasons why a landlord should use a professional property management company to manage their rental property. One of them is a manager’s ability to fill a vacancy faster.
A professional property manager will know how to market your property. We know what photos to use, and what key features to focus on, whether it’s parking, air conditioning, inside laundry, or whatever will hook a tenant for your property. We also know where to market. We advertise on the MLS, or sites like Craigslist, Apartments.com, and WestSideRentals. It&rs... read more >>
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