Property Management Blog

Most tenants sign a lease for a year at a time. This ensures that for that year, a steady income can be counted on and decisions for either finding new tenants or continuing a lease can be thought out and planned on. This helps landlords rest easy in tenant stability for the most part. However, there are some circumstances in wh...

Did you know that if you own a property that is not your primary residence, you are actually classified by the IRS as somewhat of an investor? This makes selling your property just a bit tricky, especially when it comes to the taxes which come along with it. In such cases, a large portion of your profit from the sale of the pr...

A lot of work goes into preparing a property for the dangers presented by even mild winters. Adequately winterizing a property means taking precautions to protect the pipes and plumbing systems, reinforcing windows to save energy costs, inspecting roof integrity and drainage, and much more. Depending on where you live, additiona...

Almost every landlord has had a tenant that owned a pet. From chihuahuas, to kittens, to enormous Great Danes, pets are part of the family to those who raise them. That’s a problem, isn’t it? If you allow pets, there will be damage. If you don’t allow pets, there will probably be damage anyways. Herein lies the root of ...

During these cold winter months it is important for property managers to winterize rental properties. Taking these simple steps will help prevent common weather related damages to rental properties. Spending money on preventative measures will always pay off when major costly damages are avoided. 1. Adjust The Thermostat R...

Having tenants in our rental properties can be great things when we go through the proper suggested tips to find the perfect fit, but just like in anything, there can be ups and downs. Sometimes we find ourselves in situations that are not ideal and we have to start asking bigger questions such as “What do we do from here?” ...

Purchasing rental property in NM is a smart investment and can be a significant source of residual income for property owners. However, property management can be an enormous undertaking that requires a great deal of time and effort. Property management involves the process of finding and vetting quality renters, keeping prope...

Meetings are rarely on anyone’s list of favorite things to do – and keeping meeting minutes is even worse. However, timely, accurate minutes are important, especially if decisions are being made about your home and community. Ideally, after the conclusion of an HOA meeting, minutes detailing what was discussed and any decisi...

If we didn't trust our tenants, we probably wouldn't rent to them, but when it comes to your properties and the protection of their value, here are 3 reasons as to why it is a good idea to conduct regular inspections of your rental properties. First, to confirm that no illegal activity is taking place. Second, check and see if a...

Increase the value of your rental property by making some aesthetic changes and following a few simple tips. Check for concrete damage and consider making repairs. There are emerging low cost options, such as concrete lifting, to fix cracks and sunken concrete slabs as opposed to total concrete replacement. These small re...