My company went bankrupt so i’m going to be late on rent…..
Wednesday War Story – Life Lessons
It is fairly common for people to assume that expenses are not theirs. In property management it is a daily occurrence. Here are some of the common expenses that are the tenants responsibility that are often assumed to be ‘included’ in a rental: Lightbulbs: #1 on this list is definitely lightbulbs. Upon moving in the light bulbs should all be working. The resident’s use of the lights is what causes them to need to be replaced. This is why it is typically the residents responsibility to change them when they burn out. Furnace Filters: Along the same lines as light bulbs, filters become dirty through..
Wednesday War Story – Expectation deflation
In property management, there tends to be a VERY large array of tenants. Some good, some bad and a lot in between. There also tends to be quite a few expectations that are somewhat un-warranted. Here are a few of our favorites… Tenant calling at 2 am because they are out of toilet paper, and needs someone to bring them a roll… Tenant upset that the furnace isn’t working…. because they didn’t pay the gas bill… Current tenants requesting that their roommates have a college degree or higher education only… Tenant running low on funds, asks the manager to make a car payment for them…..
Friday Fail – Excuse of the Week
I haven’t paid my rent because I hardly used the home this past month and I will be out of town for a lot of this probably month.
Friday Fail – Excuse of the Week
I haven’t paid my rent because actually I don’t feel like paying it.
Why do inspections?
Why should you conduct rental inspections? No matter how thoroughly you screen tenants, routine inspections are a must for a professional property management company. Inspections are done to protect the property and the rental owners investment, not necessarily because you don’t trust the tenant. Regular inspections benefit both the tenant and the owner/management. These inspections can help to identify any maintenance or issues that need fixing prior to becoming major expenses and/or damages. You can also follow up on your residents to make sure they are complying with the lease agreement and conducting their maintenance responsibilities. And of course, if any damage is being done..
Should you Rent or Buy?
Should I rent or should I buy? How do you know when you are ready to buy? Should you keep renting and save more? What is the benefit of home ownership? These are all questions that we ask at sometime in our lives? Here are some common questions you should be asking if you want to know whether it is right for you to buy or rent. Is your rent on the rise? The majority of rents in Utah are not “rent controlled” which means that they can rise as much or as little as the market bares. Sometimes they increase slightly, but other..
