One of the worst feelings in the world is having an empty unit. Your empty unit means you’re missing out on cash flow which is no fun at all. Filling your unit may be difficult at first but it doesn’t mean that you don’t have any solutions to solve your problem. Here’s how you can always have renters filling your properties: Signage This super old school way of finding tenants to fill your empty unit dates back to the pre-Internet and pre-social media days. A simple ‘For Rent’ sign can catch the attention of any traffic in the area. Your sign can be..
As a property owner, you may have heard of the terms differed maintenance and planned maintenance. What’s the difference between the two? Does it even matter that you know the difference since they both imply that maintenance is happening? Yes, it does it matter that you’re at least aware of the difference. Below are quick definitions for the two types of maintenance: Differed maintenance: The practice of holding off on or postponing maintenance activities such as repairs in stairwells and plumbing. Some of the reasons a property owner chooses to delay action are to save costs, a lack of a budget, or restructuring of..