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  • Managing Property
    By admin on April 28, 2008 | No Comments  Comments

    Portable self storage is a new limb on the evolutionary tree of management properties. Self storage facilities are really growing to meet the needs of future tenants. Management properties provide more choices and amenities at their facilities that make future tenants more comfortable and secure in the storage choices they are making. 

    Portable self storage is the newest kid on the block for management properties. The advantage of storing in a portable unit on your own property is priceless. They range in size the same as storage units in a facility, from small to very large. And you can keep them as long as you need them. Even if you used it and had it sent back, if your portable self storage needs arise again just pick up the phone, call the managing properties and you can have a portable storage unit delivered again.

    For homeowners who are staging their places for sale, portable self storage could work well for you. It will allow you to move out all that clutter that has accumulated over the years into a unit that you place in your yard. That way, you will still have easy access to your belongings that are in the unit instead of having to drive to get them. Some homeowners will not go with portable self storage because they think that they are eye sores in their yard while their home is for sale. Maybe they are not aware that you can get a small sized container and it will not be a distraction to potential buyers. Either way, portable self storage is a benefit for them.

    Another good reason to get portable self storage is if you are going to remodel your home. You can put your furniture and belongs into the container while you are laying new carpet or, getting your kitchen remodeled. Again, your items will be near at hand on an as needed basis. So the convenience of having a portable self storage container makes all aspects of your life easier. Even if the home improvements take a little longer than it should, your unit will be there whenever you need it.

    Getting a portable self storage unit is very easy. Just contact the local site that provides them. Let them know what you are using the unit so they can help determine which size will work best for you. Put your deposit down and then it will be delivered to you. And, you can keep the container for as long as you need. The convenience of portable self storage even comes in handy if you have a college student who is coming home for the summer and needs a place to put their belongings. That way your house does not get too cluttered. Portable self storage also works well with an adult child that has to move back into their parents house. If they are bringing a lot of their personal belongings from their apartment or house then they can put their items into the portable container and have easy access to their belongings as well.

    So, portable self storage is an easy and safe way to store your goods temporarily or longer if needed. Management properties can come in a variety of solutions to help your self storage of renting needs. Call around and see what local management properties are available to you.

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  • Make Every Day Earth Day!
    By admin on April 22, 2008 | No Comments  Comments

    With Earth Day here, it is a great time for people to start thinking about our planet. There is so much that needs to be done to prevent further destruction of nature. While there are innumerable measures that can be taken to help the planet, there are some small yet easy steps that property management firms can take to do their part.

    First, there is a very basic step that most property management firms should have taken care of during the winter, but may have not completed. This is the caulking and weather-stripping of windows and exterior doors. How can this help our planet? Well, by having well-sealed doors and windows, you are less likely to use fossil-fuel-consuming services such as gas heat. Also, with all of your windows and doors well-sealed, your air conditioning units will be more effective, requiring you to use less energy and less pollution to stay comfortable in your home. If your windows and doors are not sealed well, just give your property management firms a call and they should be happy to take care of it.

    Another important measure which you can do in your home, and request property management firms to take, is to be considerate of what kind of lighting you are using in the home. As a culture that has access to what seems like an unlimited amount of electricity, we sometimes forget what the overuse of this convenient energy source does to our planet. By changing out your lighting fixtures and the types of bulbs that are used in your house or apartment, you can greatly reduce the amount of energy you are using every day. This is termed efficacy. Efficacy is the ratio of light produced to the amount of energy used. By maximizing the efficacy of your home you are helping to curb the amount of greenhouse gasses being thrust into our atmosphere. By doing that, you are helping to slow global warming and the subsequent negative effects that follow it.

    So what do you need to do to improve the lighting in your home? First of all, make the switch to CFLs. These are compact fluorescent lamps, which use 50 to 75 percent less energy than standard bulbs. Another good thing about them is that CFLs last longer than traditional bulbs. If you are wondering why you would take the step to do this, there are several reasons why it is a good idea. First, CFLs last longer than traditional bulbs. So, that means you have to replace them less often and in the long run will be saving money on the purchase of new bulbs. Second, since they use so much less energy, you will be seeing the benefits by way of your electricity bill. So even if you do not believe in global warming. Or are not particularly concerned with the health of your planet, at the very least you know you can save money with CFLs.

    Along the lines of lighting and energy, you can talk to city hall or your local government officials about requiring property management firms to use more energy-efficient methods for running their buildings. By making even the smallest change in one building, it can catch on to other businesses and people. Encourage these firms to be leaders in the drive to protect and ensure the health of our planet, both for now and the future.

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  • Plant Those Flowers For Your Rentals
    By admin on April 21, 2008 | No Comments  Comments

    Spring is finally here! Grass is turning green, flowers are blooming, the days are longer, and people are getting the urge to go shopping for plants for their rental properties. Where to go to buy their plants becomes a big question for a lot of people. Is it better to buy from local nurseries, order from catalogs, shop at the discount warehouse stores, or spend a little more time and save a lot of money by begging friends for saved seeds and plant divisions?

    Shopping for plants at local nurseries for your rental properties has several advantages. Because the plants are locally grown they are already acclimated to the climate, soil type and pests in your area. Local nurseries also tend to specialize in plants native to your geographical area. This could be a great way to support your local wildlife by establishing a garden dedicated to the plants the insects, birds and other animals in your region use for food and shelter. Shopping locally almost always guarantees better customer service and healthier plants. And if a plant dies it is much easier to replace locally. You can also feel good about supporting your local economy.

    Shopping for plants by mail order for your rental properties can definitely be the way to go for more adventurous consumers. Most reputable mail order companies do have a money-back guarantee on all of their plants. However it could take weeks or months to get your money back or a replacement plant. Getting you plants from mail order companies means the selection is limited only by your finances, location and garden size. The plants you receive from mail order companies are generally bare root, first year plants and in the case of perennials do not expect flowers the first year. You will however find some great bargains. Most common perennials and annuals are sold in specials like buy 2 get 1 free, or buy 5 and get 1 free. Most companies will also ship your plants for free if you order over a certain dollar amount. 

    Discount warehouse stores lack the variety of plants and cultivars found at local nurseries and mail order companies. Shopping for plants for your rental properties at a warehouse store might be more convenient as there seems to be one on every street. Plant shopping can be combined with weekly shopping which will save you time. Like all of the other goods these stores stock, plants will be less expensive. However, the quality generally goes down at the warehouse stores. Plants are shipped from a grower usually located in California, Texas or Florida. The plants are stressed from shipping since they are not watered during transit. The plants, once they arrive at their destination, have to cope with a different climate, small containers, indifferent care from employees and high nitrogen content in their soil. The high nitrogen promotes green growth at the expense of the roots so what looks like a vigorous plant generally is not. If you do not mind coddling the plants you can get some really good deals on very basic perennials and annuals. Another drawback: if the plant dies, you do not get a refund or a free replacement.

    If you are a patient and thrifty gardener planting divided perennials is the way to go for your rental properties. The drawbacks: you are limited to what is growing in your friends and your own garden. And the divided perennials take several years to become established, so no flowers and a lot of bare ground for awhile.

    Shopping for plants this spring for your rental properties, however you decide to get them, should be an exciting and rewarding experience.

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  • Real Estate Investments
    By admin on April 14, 2008 | No Comments  Comments

    One of the best ways to invest money is in property. A good real estate investment will give good returns on your investment. Property bought at a low price and later sold for a higher price for a good profit makes a good investment.

    There are several ways to find these profitable deals.

    The first area to look for good deals is your local newspaper or a trade newspaper. Find properties listed for sale by the owners. This way, you avoid paying a commission to the brokers. You can offer a lower price since the owner will be saving the commission paid to a broker.

    Or place your own property wanted ad in a local paper.

    Another good search tool is the Internet. There are an amazing amount of real estate investment opportunities available on the internet. Searching for property for sale on the internet is easier than through any other means.

    Brokers provide services to help you find a good deal on property. Building a relationship with an agent provides the investor an opportunity to find property quickly. Sellers find it convenient to sell with an agent.

    Foreclosures can be a great real estate investment. Look for property being foreclosed through banks, the VA and FHA programs or visit public auctions. Another option are tax delinquent properties sold at public courthouses. You can find property being offered through divorce settlement as well. Do your homework. Finding good deals can take a little detective work and some effort on your part.

    The first few investments should be ones that only need minor cosmetic repair. This way you will not be taking an enormous risk emotionally, mentally and financially right away. The profits will be lower but you will gain experience and begin to raise investment capital for future properties.

    There are different types of properties suitable for a real estate investment.

    Buying directly from a developer before they begin construction or renovating is one way to acquire property. The developer gives the investor a discount price and other financial deals in return for committing to buy.

    Another type of property to invest in is the fixer upper. Usually requiring a good deal of renovation, these properties are often in poor condition. Most investors buy these types of properties to flip or sell quickly after renovations are done. Many of these are foreclosure or bank owned properties. They are called REOs.

    As mentioned earlier, foreclosures are a good real estate investment. The investor buys the property from the sellers who are in jeopardy of losing their property because they are behind in payments.

    Property bought with no money down or very little money down is a good investment for the beginner. Find a seller who is willing to make an easy sale with very flexible terms of their contract.  A contract for deed or land contract, owner financing and lease with option to buy are examples of flexible terms and low or no money down strategies the investor should look for.

    Income and cash flow property produce income from rents for the investor. Usually these are apartment buildings and rental family homes.

    There is no tried and true recipe that promises success in real estate investment. Occasionally even the professionals hit a bump in the road and lose money. Stuff happens that cost unbudgeted for money or something causes the project to get delayed or set back. These are learning blocks. Reassessment of the situation is called for and a new plan with adjustments takes place. All good investors stick to their goals when buying property for investing.

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  • Property Managers
    By admin on April 12, 2008 | No Comments  Comments

    You invested in your first property. Should you manage the property yourself or hire a good property manager to handle your investment? It depends on what your skills and goals are.

    Are your goals to be an investor or simply the on site owner? As the on site owner you will be responsible for collecting the rent and repairing broken appliances. Your time will be devoted to the renters needs. The investor spends valuable time answering the needs of the tenants. On the other hand, if you hire a property manager, the investor could spend time finding and investing in more property.

    The day to day details necessary to operate a successful property is better left to a manager with the skills needed. An experienced manager will tend to the daily needs of the tenants, maintain records and respond to the needs of the building upkeep.

    The manager interacts with the tenants, hopefully in a friendly but professional way. They will listen and respond to complaints, deal with the rent and order the necessary repairs.The manager takes over the daily management, allowing the investor to profit without becoming involved personally with the residents.

    A good property manager will need to manage construction and development of new facilities, maintain the repairs and maintenance of the property. They should have good organizational skills. They will need to insure the work needed, be it new wiring and electrical, the construction of new facilities or the repair of a leaky faucet, is done in quickly at a reasonable cost.

    They need to know how to use the latest computer software for managing rents, repair costs and billing. Often the accounting of the rent receipts and billing expenses will be kept on record through some type of software.

    One good skill needed by a property manager is good customer relations and communication. They will act as the liaison between tenants and construction crews, contractors and insurance agencies. The manager will also enforce renter and owner laws, the most common being evictions. They are responsible for collecting the rent and keeping good records of payments and repair work needed.

    Good negotiation skills are needed as well. He or she will negotiate the best prices for cleaning services and for any work performed to keep the property well maintained. They will find the best lawn care facilities services at a good price. They will negotiate the lowest bids for the best plumbing and electrical contractors. An experienced manager will have resources available to them at a moments notice. They will know which carpet cleaner and painters are available to have your empty units ready within days to rent.

    The 8 things a good manager will bring to a property will be qualities like,

    • Management skills of work performance, tenants and contractors
    • Good negotiation ability with contractors
    • Experience with investment properties
    • Organization of daily needs such as trash removal, grounds keeping and repairs
    • Good communication skills with tenants, contractors, the investor and legal agencies
    • Accounting skills are necessary for collecting rents, receipts and expenses
    • Data entry skills of daily work and complaints, supplies and equipment needed
    • Research skills for finding tenants and contractors

    The property manager is there to take care of everything. They automatically schedule tasks and collect the rent. The details of managing the property successfully are better left to an experienced manager so the investor is free to look other investment opportunities.

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  • Rental Properties Available
    By admin on April 3, 2008 | No Comments  Comments

    Living in a college town, one would think there would be no shortage of rental properties. While this may be true, finding rental properties that are actually clean and are not run by shady characters is another matter entirely. Looking for and inspecting rental properties is a gamble to say the least.

    First, there are neighbors to worry about. When rental properties have the police showing up on a regular basis, or the front lawns of the rental properties are covered with beer cans, its safe to say steer clear of that place. Noisy neighbors can turn out to be a constant source of stress and dissatisfaction. Your living place should be a calm haven to return to after a long day of work, not just another problem to deal with.

    Another factor to consider when checking out the quality of rental properties, and perhaps one of the most important, is the landlord. Rental properties in college towns are notorious for being dishonest, greedy and often downright hostile at times. If you are considering rental properties as your living option for any amount of time, it is highly recommended that you have a lengthy conversation with your landlord. Also, it is a great idea to talk with tenants who live in any rental properties owned by the company or person you are looking to rent from. Few things are worse than realizing after you moved in that the rental properties you are paying for are run by a slumlord. If the landlord is a bad one, you can run into serious issues with plumbing, electricity and other maintenance issues never getting fixed.

    The condition of rental properties can vary greatly depending on upkeep and age of the buildings. But one thing that can be a quick indicator of the quality of rental properties is location. When considering renting an apartment or condo, it is a good idea to consider where it is located in proximity to everything else in the town. Maybe the building is located right next to a coal factory or railroad tracks. Smelly factories and loud rumbling echoing through your hallway at 3 a.m. probably would not be the ideal situation. Or, the property could be a part of town that is notorious for crime activity or a host of other problems. Conversely, if your choices of rental properties are located in the heart of downtown, or in an especially affluent neighborhood, it is likely that the property will be better suited to a positive living environment.

    There are several benefits to choosing to live in rental properties. One of the most tangible is mobility. Without the burden of mortgage payments and all the trappings of home ownership, you are free to come and go as you please. While this may be limited to the terms of your lease, you usually can decide to pack up and leave rental properties if things are not working out as you hoped.

    Among the other benefits of rental properties is their low cost. Rental properties vary greatly in their cost. Sometimes, if you are lucky, you can find a charming old studio apartment for fewer than 300 dollars in some cities. This means that not only do you have personal freedom to come and go as you please, but you also can have a certain degree of financial freedom by making rental properties your chosen living environment.
    Whatever your decision turns out to be, make it an informed one and consider all of your options before agreeing to any specific property.

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  • How Rentals Affect Your Income
    By admin on March 20, 2008 | No Comments  Comments

    It is hard to pin point how many different properties are for rent. From apartments, houses, to condominiums, if you are not in the market to buy a property, you can definitely find something for rent. With the way the economy is going, many Americans are considering finding a place for rent. They will not have to deal with adjustable rates or making calls to local repair people, if something is not functioning. With renting, they can just call one person to get their needs resolved, the property owner.

    So how does one determine which type of property they would like to rent. Many people like to the privacy of a house for rent because they do not have the pain of having another person or family that is banging on their walls, or making more noise than you could bear. Finding a house for rent that is in good shape could be hard to find. Most times houses for rent are in areas with colleges. You guessed it. That means that the owner of the property is gambling or gambled on college kids taking care of their property. Most houses for rent in those areas are in affordable areas or near the colleges. There are some houses for rent that are just perfect for the college kids because that gives them more room to express themselves vs. being cooped up in a stuffy dorm room. For some people, renting a house is a good idea, but they are looking for a permanent position if they are going to live in a house. A house for rent still gives a family the feeling of living in a house, but without the hassles of managing the property.

    Some people like the option of living in a condominium. A condominium for rent gives the caller a more upscale approach to living. Most people who rent a condominium will not have to do any of the maintenance outside and they can sit back and enjoy the comfort. Most condominium renters are not there long term because they are looking at buying a condominium or a house in the future. By renting a condominium, you have the luxuries of a house, and the responsibilities of an apartment.

    For those who are looking in the apartment market, you will find many vacancies. There are more apartments for rent than houses and condominiums put together. Depending on the market, finding an apartment for rent is easy. Now, finding the apartment that you would like to live in is a different story. There are so many types of apartments. There are many different amenities that could be offered could suit many different people. Finding the right apartment for you to rent is solely up to what amenities you would like to have as well as how much you want to pay for those amenities. In addition, what area you would like to live and how far of a commute for you to your work and or your everyday life. There are plenty of things to consider when choosing the right apartment for you.

    As you can see, there are many options in terms of property for rent. You can rent a house, townhouse, apartment or condominium that is available where you live. The easy thing is finding a property for rent. The hardest thing is finding the best property that fits you.

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  • Flipping Houses For Profit
    By admin on March 19, 2008 | No Comments  Comments

    Flipping houses has been a booming business for many years. There have been television shows and self help books and infomercials all claiming to have the secret to helping people get rich quick in this manner. All someone had to do was buy a house for cheap, put a few dollars into rehabbing it, and then turn around and sell it for a huge profit. Everyone wanted a piece of the action. 

    The mortgage companies wanted in on the housing boom, and they were willing to give home loans to people that were definitely questionable as far as a credit risk went. Banks also wanted their share of the action and they gave credit cards and lines of credit to people that were already over extended.  Construction contractors, swimming pool companies, landscapers, everyone wanted a chance to make the quick buck. 

    Many novice Flippers had taken an Adjustable Rate Mortgage to purchase their rehab project. They used these monies to pay for the supplies and the appliances and the labor. They knew that the interest rate on their ARM would skyrocket in a short amount of time, but they were convinced they would have the house sold by then. The television shows and the newspapers and the magazines all said this was an easy way to get rich quick!

    And for many of these novice Flippers things just did not go as they had planned. Their project took longer and cost far more than they could have ever of guessed. Unfortunately, in the meantime the entire housing market took a dive. And then the housing boom went flat. Ouch! 

    Do not fear though, because many of these Flippers are true entrepreneurs. They were not looking to make the quick and easy almighty dollar. 

    These professional Flippers are turning their unsold rehabbed projects into rental properties. The monthly rental fee that this Flipper turned landlord receives from their tenants is used to cover the amount of the mortgage until the unit can be sold. 

    These experienced Flippers know that having someone actually living in the rental property is good for several reasons. The rental occupant can keep the grass mowed and the gutters free of leaves and the flowerbeds colorful. The rental occupant knows immediately if there is a faucet dripping in the kitchen sink or if the heater is not working properly or if the stove needs to be replaced. The rental occupant can keep both unwanted critters and squatters away from the rental property. And the monthly rental check from the tenant can be used to pay the monthly mortgage. In most areas of the country rental rates are higher than mortgage rates, so this is a win win situation for the opportunistic Flipper. And an added bonus for the Flipper is that a rental unit with a tenant actually living in it is much easier to show, and eventually sell, to a prospective buyer. People want to see beds and dining room tables and refrigerators when they are looking at a house. They do not want to see empty rooms and bare walls and a blank space where the refrigerator should be. A boarder actually lives in the rental space, so they make it looked lived in to any prospective buyer.

    The get rich quick day of flipping houses may be at standstill for the moment, but there will also be the entrepreneur that loves the business.  And these Flippers know when life gives you lemons, turn it into rental property and make lemonade!

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  • Why Renting Can Be Better Than Buying
    By admin on March 13, 2008 | 1 Comment1 Comment  Comments

    There are numerous situations where it is more advantageous for a person to live in a rental townhouse or apartment as opposed to owning a home. Many of these people often have it in their future plans to eventually purchase their own place, but for right now a rental unit is their best option. Others are empty nesters that have sold their house and no longer want the hassles that come with homeownership. A rental unit is also ideal for their situation.

    A rental unit in an apartment or condominium complex is the perfect living situation for a college student. Many rental developments are geared specifically toward students, and have unique lease agreements with them. Oftentimes these facilities allow each individual to have their own lease, as opposed to everyone living in a unit being responsible as a group. In other words, if five men live in an apartment and one skips out, then the other four renters are not held liable. Each person is responsible for their own lease. 

    Rental places that cater to college students oftentimes are fully furnished, since most of these kids do not have much furniture of their own. These complexes usually have Wi-Fi, cable, and utilities all included in the monthly rental rates. The buildings have great security for the peace of mind for the parents, and are located close to colleges and universities for easy access. The owners of this type of rental facility are aware that the turnover rates are quite high, and often give discounted rental rates to students renting over the summer months, or families willing to commit to a longer lease.

    A single person that is constantly on the go, such as an airline pilot or a professional baseball player, finds living in a rental unit works best for them. Owning a home includes a lot of tedious and continuous work. Mowing the lawn and shoveling the sidewalks have to persistently be done either by the homeowner or someone she hires to take care of it for her while she is away. By living in a rental unit, she knows that someone else is responsible for all of this maintenance. Plus, there are usually other single people living in the same rental complex! 

    Newlyweds are yet another group of people particular rental properties tend to cater to. These young married couples are often fresh out of college and beginning their new careers. This type of a rental complex is usually found close to fashionable restaurants and bars, and within easy access to public transportation. There is often a swimming pool, a clubhouse, and a playground available for those with young tots living in these rental units.

    Retirees have owned their own home and raised their children. Now it is time for them to sit back and enjoy the fruit of their labors. This kind of rental facility is becoming more and more popular as the baby boomers begin to age. These complexes usually have strict rules such as a minimum age of fifty years old and no children aloud to reside in a rental unit. Although grandchildren visiting is always a welcome site!

    Retirement villas have activities available geared at senior citizens, such as poker tournaments, yoga classes, and dart leagues. Transportation is available for trips to the mall, or the grocery store, or a doctors appointment. Organized trips are planned to wineries, professional baseball games, and Alaskan cruises. 

    Many people at different stages in their lives find the amenities and the benefits of living in a rental unit far outweigh the work incurred when owning their own home.

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  • Storage Convenience For Temporary Needs
    By admin on November 4, 2007 | No Comments  Comments

    Storage Convenience For Temporary Needs College students are possibly the largest segment of users of self-storage units as they often find themselves needing additional space. Many are unwilling to set some of their belongings on the curb for disposal and holding a garage sale in a dormitory or in a college apartment is not always an option. Being able to have the convenience of a storage facility also allows them time to decide what they want to keep and what they are willing to part with.

    On the south side of Kansas City, Missouri storage facilities are located near several schools such as Avail University and Johnson County and Longview Community Colleges. Many facilities in zip code 64145 are also located near apartment complexes making it convenient for the students to store some of their prized possessions in a safe and secure environment.

    With their proximity to apartments, self-storage units are also convenient for folks downsizing their households and moving into small accommodation. Especially those who know the move is temporary and by placing their extra items in storage, they will be available when they make larger living arrangements. With units ranging in size from 25-square feet to 350-square-feet, there are units available to hold only a few items to many rooms of furniture and other possessions. The ten by 35-foot units can hold a large living room and a couple of bedrooms worth of furniture and other belongings. The convenience also includes being able to have access to the possessions 24-hours a day, any day of the week.

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