When it comes to property management, maintaining a reserve fund is a critical yet often overlooked component of successful property ownership. This post details the importance of reserves, the benefits of maintaining them, and discusses suggested reserve amounts. Why Property Management Reserves Are Essential Reserves are funds set aside by property owners with their property…
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When purchasing a rental property, accurately estimating your expenses is key to maintaining a profitable investment. One of the most important factors in this equation is vacancy cost—the time your property sits empty between tenants. Conservative estimates can protect your cash flow, but being overly cautious might leave money on the table. In this post,…
Selling a property is always a big decision, but it can become more complicated when the property is occupied by a tenant. Whether you’re a landlord looking to offload a rental property or you’re selling for other reasons, it’s important to understand how to navigate the sale while still respecting the tenant’s rights. The Legal…
When it comes to HVAC maintenance and repairs, property owners often turn to large, well-known companies for service. These companies frequently advertise heavily and appear to offer comprehensive solutions for heating and cooling needs. However, there’s more to the story when it comes to how these large HVAC outfits operate, and it’s important for property…
Bathroom renovations can be a significant investment, especially for property owners looking to maintain or increase the value of their rentals. The cost of a bathroom renovation can vary widely depending on the scope of work, the size of the bathroom, and whether you’re reconfiguring the layout. Here’s a breakdown of what you can expect…