Todd Ortscheid of GTLRealEstate talks about why an additional commission is charged on maintenance and repairs over and above the standard monthly management fee. We manage a broad range of properties, and maintenance and repairs are a huge source of our expenses. We...
You’re probably looking for a management company, otherwise you probably wouldn’t be reading this blog. So what should you do? Should you just select the company with the cheapest monthly management fee? Probably not, for several reasons. First, you should...
When we talk to prospective clients, and sometimes even current clients at lease renewal time, we sometimes gets questions about rent estimates that the person has seen online, usually on a web site such as Zillow. While these estimates are certainly interesting for...
Just about every brokerage includes a clause in their property management agreement that deals with a situation where the owner sells the property to the tenant. While this happens only rarely, owners are usually interested in how this would work, and it’s a...
Many owners of rental property have friends who also own rental property, and they sometimes wonder why it’s taking longer to rent their house than it did their friend’s. There could be many reasons, including the condition of the house, the neighborhood,...
The latest rental property occupancy data is in from Axiometrics, one of the leading providers of multi-family property data in the country. The occupancy rate, a very important metric for income property owners, remained high at 95%. This is up from the 94.8%...
