The holidays are fast approaching. Regardless of whether you’re a new landlord or a seasoned one, a little token of appreciation can go a long way. Make your residents feel special by going out of your way to recognize them.
Getting in the... (Read More)
While you may be a landlord because you're motivated by the income opportunity, you can't approach the tenant relationship as such. The relational aspect can't be overstated. You need to treat it as more than a business transaction. Here's how to do... (Read More)
According to Murphy's Law, if something can go wrong, it will. That’s why as a landlord, you'll want to set aside resources to pay for unexpected emergencies ranging from a leaky roof to new carpeting. Here are three ways to make sure you're... (Read More)
It's an unfortunate reality, but in many HOAs, a handful of people carry the load for the rest of the board. Those high-achievers can get burned out. (Who doesn't from time to time, right?)
What can you do to prevent burnout in the first place... (Read More)
It’s an awkward position to be in. If just a few homeowners aren’t paying their HOA fees, it can really start to affect your financials. But what you do can be just as important as what you don't do in response to such situations. In fact, a lot... (Read More)
Are you struggling with high turnover or low occupancy in your rental units? Your strategy (or lack-thereof) may be to blame. Your marketing should be active, not passive. Hint: a basic "for rent" sign won't do. Following are effective and creative... (Read More)
The safety and well being of community members should be of utmost importance to your HOA. Associations should act to the fullest extent possible to adhere to all procedures and policies that keep communities safe.
Ultimately, the safety and... (Read More)
Real estate investing can be a lucrative way to diversify your investments. But what if you live too far away to deal with day-to-day issues? Or maybe you live close but can't keep up with all the demands. A property management company like PMI... (Read More)
Do you have any vacant properties in your community? Check your governing documents to determine your rights as an HOA. Some governing documents allow associations to perform maintenance if the owners fall short. If the governance doesn't outright... (Read More)
Sometimes neighborhoods fall prey to unwelcome guests, pun intended. Does yours have a pest problem? It's never pretty. Here's how a homeowners association (HOA) board can go about resolving this issue:
Don't be hasty
Common areas should be... (Read More)