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Property Management Blog

Trusts and Real Estate Investing – Yeah Baby!

Just like Billy Joel sang back in 1986 – It truly is a matter of trust! I attended the local Pittsburgh REIA (Real Estate Investors Association) monthly meeting at the Greater Pittsburgh Masonic Center on February 20, 2018. It was my first experience with this club or any real estate investor club. On this night the key note sp...

How to Manage Security Deposits

Property managers should always require a refundable security deposit in residential property management properties. This deposit should be kept in a separate account for trust or escrow funds and will be returned to the tenant in part or in full once the tenant has moved out. Security deposits are often the most hostile subject...

Breaking the Lease

Most tenants sign a lease for a year at a time. This ensures that for that year, a steady income can be counted on and decisions for either finding new tenants or continuing a lease can be thought out and planned on. This helps landlords rest easy in tenant stability for the most part. However, there are some circumstances in wh...

Increasing Curb Appeal

Increase the value of your rental property by making some aesthetic changes and following a few simple tips. Check for concrete damage and consider making repairs. There are emerging low cost options, such as concrete lifting, to fix cracks and sunken concrete slabs as opposed to total concrete replacement. These small re...

Why Use a Property Manager

Purchasing rental property in NM is a smart investment and can be a significant source of residual income for property owners. However, property management can be an enormous undertaking that requires a great deal of time and effort. Property management involves the process of finding and vetting quality renters, keeping prope...

Vacation Home Property Management

Vacation rentals are steadily rising in popularity as vacationers are drawn to a more relaxed home setting in a local atmosphere as a cost effective alternative to a single hotel room in a bustling tourist district. The market is swarmed with up and coming vacation rentals and it can be difficult to find a rental that is what it ...

Screen Applicants Finding Tenants

Having the right tenants in your commercial or residential rental property can make all the difference in the world. Even a single uncooperative tenants can create situations that can cost you dozens of hours and thousands of dollars to handle. The most important thing you can do to avoid these situations is to find tenants wh...

Landlords: Should you allow pets?

Almost every landlord has had a tenant that owned a pet. From chihuahuas, to kittens, to enormous Great Danes, pets are part of the family to those who raise them. That’s a problem, isn’t it? If you allow pets, there will be damage. If you don’t allow pets, there will probably be damage anyways. Herein lies the root of ...

Getting Your Property Rent Ready

When renting out property, it's important to make sure that you draw in as many good tenants as possible. There are many ways to do this, but one of the most effective ways is to make sure your property is absolutely ready to be sold. Spice things up, fix imperfections, repaint the walls, anything to make your property more appe...

Want to sell your property? Use a 1031 Exchange

Did you know that if you own a property that is not your primary residence, you are actually classified by the IRS as somewhat of an investor? This makes selling your property just a bit tricky, especially when it comes to the taxes which come along with it. In such cases, a large portion of your profit from the sale of the pr...


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