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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”

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10 Traits of Terrible Tenants

by Michael Levy on January 17, 2014

in General, PROPERTY MGMT TIPS

Success PHOTO1. Your prospective tenant does a lousy job filling out the rental application.

2. The tenant is leaving the current rental property mid-lease.

3. They pass off a friend as a landlord reference.

4. The tenant asks if they can pay the rent in cash.

5. They talk about roommates, but want the lease to be only in their name.

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8 Tips on How to Win an Eviction

by Michael Levy on January 17, 2014

in General, PROPERTY MGMT TIPS

Success1 PHOTOFrom day one, create a paper trail in case you ever need to show that to a judge.

1. Set up a tenant file — either hard copy or digital — with all the leasing documents signed by the tenant.

2. Add an entry for every tenant communication, including rent receipts, repair requests and complaints.

3. The tenant’s bad behavior typically begins with a minor infraction and then gets progressively worse.  It’s important to track all those offenses to show the pattern.

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Weaker Economic Data Pushes Mortgage Rates Lower

by Michael Levy on January 17, 2014

in National, NEWS

100 Dollar BillsFreddie Mac reports the following national averages on mortgage rates for the week ending Jan. 16:

30-year fixed-rate mortgages averaged 4.41 percent, dropping from last week’s 4.51 percent average. Last year at this time, 30-year rates averaged 3.38 percent. 

15-year fixed-rate mortgages averaged …

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Investors Target Ski Towns for Rental Properties

by Michael Levy on January 17, 2014

in National, NEWS

Success1 PHOTOThe six ski resort towns that emerged on top for real estate investors from RealtyTrac’s list are:

1. Whitefish, Mont.
Median list price: $249,736
Gross rental yield: 5.21%

2. Vail, Colo.
Median list price: $626,142
Gross rental yield: 2.96%

3. Truckee, Calif.
Median list price: $379,492
Gross rental yield: 4.88%

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Home Remodeling Expected to Post Strong Year

by Michael Levy on January 17, 2014

in National, NEWS

House PHOTOHome remodeling is projected to continue the strong growth it started in the second quarter of 2013 into the first half of 2014, according to LIRA, the Leading Indicator of Remodeling Activity, at Harvard University’s Joint Center for Housing Studies.

Double-digit gains in spending are expected through the …

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4 Keys Identified for a Full Housing Recovery

by Michael Levy on January 17, 2014

in National, NEWS

Success1 PHOTOIn order to have a fully recovered housing market and economic recovery, economists point to the need for four positive indicators:

1. A healthy job market with low stable unemployment: the unemployment rate — while inching down — still remains high at 6.7 percent.

2. Mortgage delinquencies that have returned to historical averages: mortgage delinquencies have fallen to 5.88 percent — nearly half of their peak rate but still higher than the national average of about 2 percent.

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House PHOTO1. Efforts to block windows day and night.
2. A skunk smell.
3. Bright lights.
4. Condensation.

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Study: Caffeine Helps You Recall More Details

by Michael Levy on January 16, 2014

in National, NEWS

AdvertisingA little caffeine may give your memory a jump-start, according to a new study published in the scientific journal Nature Neuroscience. Researchers found that giving people caffeine after they memorized a series of pictures significantly increased their ability to recall subtler details than people who had only received placebo pills.

However, don’t overdo it, researchers say.

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Prediction: 2014 the ‘Year of the Big Move’

by Michael Levy on January 16, 2014

in National, NEWS

Success1 PHOTOCharlie Young, president and CEO of ERA Real Estate, says that several factors in the housing market point to a growing trend of relocation in the new year. More people may be prompted to relocate to areas that offer better costs of living, making 2014 the “year of the big move,” he says.

Here are some factors he points to:

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Boomers’ Demand Shifts to Change Real Estate

January 16, 2014

The aging of the nation’s Baby Boomer population could reshape the United States’ residential real estate market and economy in the coming years. As members of this demographic get older, many will move out of the houses where they raised families and downsize into smaller, cozier apartments, condominiums, and townhouses. This is a normal transition […]

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