Property Management Blog

Welcome to our new responsive website!

Patrick Kennedy - Tuesday, March 28, 2017

Welcome to the new  RE/MAX American Dream  Responsive Website! 

Our new website is fully responsive and uses the latest technology, allowing you to have a better browsing experience on any device no matter if it is a desktop, tablet or cellphone!

Why is this a big deal? Well, it allows you to have access to our site anywhere, at any time. Tenants - you will be able to easily find and apply for your next rental home, as well as submit maintenance requests online! For our owners, you will have access to your statements 24/7.

We hope you find the site useful and easy to use!

Landscape Maintenance and Rental Properties

Patrick Kennedy - Tuesday, March 28, 2017

While Tenants want to rent a nice looking home, they often have no interest, time, or knowledge on how to maintain the property.  They may agree to landscape maintenance in the rental contract but it can be difficult for a property manager or owner to enforce.  The owner can charge the tenant for maintenance or include landscape maintenance but it is not always practical to increase the rent with the full cost, particularly if the landscaping on the property is extensive.

10 Reasons to Hire a Professional Property Manager

Patrick Kennedy - Tuesday, March 28, 2017

1.Setting the right rental rates:  While looking through the classifieds to see what other landlords are charging for similar properties is a fine way to ballpark your rent price, a good property management company will preview the property with you and prepare a thorough Competitive Market Analysis (CMA) in order to set a rental price for your property, ensuring that you achieve the perfect balance between maximizing monthly income and maintaining a low vacancy rate.

2.Collecting and depositing monthly rent payments on-time:  If you've ever worked in a billing department, you know that securing payment from clients can be difficult, not to mention awkward.  Property management companies have efficient, tried-and-true systems in-place to effectively collect rent and maintain on-time payments.  You'll find this particularly important if you have a limited number of properties, and collecting payments on time is crucial to maintaining your cash flow.

3.Marketing and advertising your property:  Through long experience, a property manager will know exactly where to market your property and how to craft compelling advertising materials---a significant advantage when it comes to filling your properties quickly and avoiding long vacancies.

4.Finding the right tenants:  Experienced property managers are experts at finding good tenants, and will take care of all the details, including the securing all criminal background and security checks, running credit reports, verifying employment, and collecting previous landlord references.

5.Managing tenants:  In addition to finding good tenants, a property management company will manage all aspects of the tenant-landlord relationship.  The property manager will handle both routine and emergency maintenance, take care of routine inspections, and manage any situations where conflict resolution is required.

6.Managing vendor relationships:  Property management companies have relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors that it's almost impossible for an independent landlord to duplicate. Not only will your property manager get you the best work for the best price, they'll oversee any necessary maintenance projects.

7.Ensuring that you're in compliance with housing regulations and property laws:  There are a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property.  These include local, state and federal regulations, as well as fair housing regulations (such as the ADA). A property manager can help you avoid lawsuits by keeping your property up-to-date and in compliance with these regulations.

8.Enabling you to invest in geographically distant properties:  If you manage your own properties, you're pretty much limited to investment opportunities within a tight radius of your own home. By hiring a property manager, you can take advantage of investment deals in any location you wish.

9.Maximizing the profitability of your time:  By having a property manager take care of the day-to-day aspects of running your income property, you’re free to spend your time identifying further investment opportunities or otherwise furthering your career.

10.Maximizing the profitability of your money:  Most property managers charge a percentage of your property's monthly rental rate in exchange for their services.  The rate typically runs anywhere from 6-10%, which is generally less than the money you save by hiring a professional to take care of your property.