CategoriesInvestment Real Estate tips & tricks

Property Management Tips for Landlords

Landlords should often expend significant time and effort in other to build financial security and ensure their properties are providing a return on investment. This can be done if you enlist the help of a qualified and capable property manager, or by yourself if time and convenience permits.

Here are a few property management tips we recommend for landlords.

  1. Be meticulous about tenant selection
    Ensure that you find the perfect candidate that can save you a significant amount of time and money later on because it is cheaper to keep a good-quality tenant long-term than it is to spend time and money on re-advertising your property and cleaning up after, or even evicting low-quality renters, not to mention the risk of having a property without income if a new occupant is not available immediately after a previous tenant has vacated the property. With this in mind, selecting tenants should be a significant priority for every successful landlord.
  2. Get the lease right
    For complete peace of mind, have a professional draw up your lease in consultation with yourself; whether that professional be a lawyer or a property manager. A trusted professional will know the ins and outs of what is allowable and proper to ensure you’re not caught out during any future conflicts with your residents. Pay particular attention to the clauses that outline your rights and responsibilities. 
  3. Be smart and responsive about property maintenance and repairs
    Landlords are responsible for ensuring their properties are safe to live in, therefore being responsive to any concerns raised by the tenants will confirm to your tenants that you are willing to uphold your end of the lease, which makes them less likely to cause avoidable problems for you down the line. 
  4. Find the right property manager
    If choosing tenants is important, choosing the person who’ll be interacting with them is more so!  A good property manager will provide you with regular reporting and clear communication and will be able to take you through the established protocol for any tenant-related situations that may arise.
CategoriesReal Estate tips & tricks

4 ways to keep your house warm this raining season

Even the smallest draft can cause the temperature inside the house to drop drastically when the weather is cold. Common places for drafts to enter your house are underneath doors, around windows (including between window panes and the frame. There are few things better than waking up to a warm, properly heated home after a cold night.

There are few things worse than having to endure all that cold and expecting the warm embrace of your home only to be met by an icy house that takes way too long to heat up.

It’s been known that residents see a reduction in their electricity bills during these months since they have to turn off the AC all day, but when your home doesn’t even warm up properly, it feels like an absolute waste of money.

With remote work and virtual classrooms quickly becoming the norm, staying inside and properly controlling your house’s temperature has never been so important. Here are short tips to keep your house warm;

1. Don’t drain a hot bathtub. Wait for it to cool before you drain it.

2. Add rugs to hard floors

3. Use thick curtains

4. Do not let heat escape by keeping all windows and doors completely closed whenever possible.

 

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