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This website contains:
1. Property management tips, advice, latest news, and additional resources related to Property Management for:
- Property Management companies
- Individuals that property manage their own investments
- Individual investors who use Property Management companies
2. More in depth information on my book:
“50 Interviews: Successful Property Managers”
As consumer confidence, the economy, and job market all make gains, more Americans are feeling like they have money to spend on second residences and summer homes. Low interest rates are still a big draw.
Vacation home sales increased …
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According to Business Insider, these housing markets will likely reign for the next five years:
1. Medford, Ore. = Annualized expected price growth (from Q4 2012 to Q4 2017): 9.5%
2. Santa Fe, New Mexico = 9%
3. Panama City-Lynn Haven-Panama City Beach, Fla. = 8.9%
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Mortgage applications last week dropped 10 percent after rates soared to their highest level since March, the Mortgage Bankers Association reported in its weekly mortgage market survey for the week ending May 17.
The refinance index—which reflects applications for refinancing—fell 12 percent last week, while applications for home purchases dropped …
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5 Most Affordable Major Housing Markets
1. Ogden-Clearfield, Utah
2. Indianapolis-Carmel, Ind.
3. Lakeland-Winter Haven, Fla.
4. Youngstown-Warren-Boardman, Ohio-Pa.
5. Syracuse, N.Y. (tied)
Albany-Schenectady-Troy, N.Y. (tied)
5 Least Affordable Major Housing Markets
1. San Francisco-San Mateo-Redwood City, Calif.
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Landlord and Property Manager Focus Group
(Discussion Leader: Mike Levy)
When: Next Meeting on May 27, 2013 @ 5:30 pm – 7:00 pm
Repeats: Monthly on 4th Monday – forever
Where: Home Depot – North Fort Collins (1251 E Magnolia St., Fort Collins, CO 80524)
Cost: Free for Members & First Time Attendees, $10 for Guests
Contact: Troy Miller (970-682-4267 or email: troy@icorockies.com)
MAY 27, 2013:
"Who Should Manage Your Property (e.g. You or a Property Management company)?"
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1. Not hiring a real estate service that understands investment property
2. Not having cash flow from day 1
3. Not properly screening prospective tenants
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1. Yellow discoloration on walls, drains, sinks and showers.
2. Blue discoloration on valves of propane tanks and fire extinguishers.
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As a landlord, how can you protect yourself from legal issues down the road and help the arrangement be both profitable for you and enjoyable for your tenant? Read on…
1. Avoid knee jerk reactions while looking for a tenant. Before you start the tenant search, have an approval process plan and stick to it.
2. Before you sign a lease with a tenant, have an attorney review it. State law governs the provisions of a lease and the interpretation that courts will give them later on.
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