Property Management News
Regarding fire safety, properly operating smoke detectors is one of the most essential tools for alerting property owners and firefighters of dangerous home and apartment fires before they happen. They are a simple tool that saves lives. According to the National Fire Protection Association, “Roughly three out of five fire deaths happen in homes with either no smoke alarms or no working smoke alarms.” This means that the risk of death from a residential or apartment fire is cut in half in homes with operable smoke alarms. In states such as Arizona, where I work, rental property owners must provide smoke detectors to their tenants. However, fire safety requires more than just installing... Read more
Hurricane season is in full swing. As heavy rains and powerful winds tear through the Southeast, flooding has quickly become a major concern for multifamily owners and...
Water leaks and pooling in your basement can, unfortunately, occur for various reasons. One of the most common causes is heavy rainfall from storms, which many people...
The winter season is quickly approaching and with it, harsh winter weather. Heavy rain, freezing temperatures and high winds are the cause of costly damage. Winterizing...
You know what a water ring on your ceiling means. That portent of doom is a telltale sign of a leak. The real mystery is—what’s causing that leak? Damage to...
The Big Picture On Can Landlords Charge Tenants to Replace the Carpets: Carpets are subject to normal wear and tear, and landlords need to consider this as an eventual expense. However, tenants can also cause damage to carpets. Landlords should know the difference between wear and tear and damage in order to know when to charge tenants to replace carpets. If it’s established that the tenant is liable to pay for damages, landlords must follow a step-by-step process to ensure that their claim is respected by any court. Landlords are advised to familiarize themselves with their state’s specific laws regarding security deposits and tenant charges to avoid legal issues and ensure they... Read more
Conducting a periodic informational inspection/walkthrough of your rental property is important; we recommend it at least once a year. It allows you to understand the...
Your tenant’s lease will end soon and they are not going to renew it. Before they move out, you will need to conduct an inspection with them to determine whether any...
You should not judge a book by its cover, but you might as well create a good one. A cover cannot tell you for sure if you will like reading the book. However, the cover...
Flipping houses can be a lucrative investment strategy if you know what to look for in potential properties. The process involves buying homes at a lower cost,...
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