article thumbnail

How to Prevent the Most Common Tenant Screening Pitfalls

Real Property Management Chicago

Tenant screening is one of the most critical steps in rental property management; nevertheless, it’s simple to slip up and make costly issues down the line. Mistake #4: Ignoring Rental History One of the biggest mistakes a rental property manager can make is neglecting to inspect a possible applicant’s rental history.

article thumbnail

What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

Some property managers have grown so large they do not have the staff capable of answering questions, complaints, on a timely basis, so be careful when looking at this aspect of any property management service. Does reputation and years of experience play a vital role in capable property management services?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Email Marketing Made Easy for Property Managers

Fourandhalf

If an owner receives tenant-related content, theyll likely ignore itbut if they get a market update that helps them maximize their rental income, theyll see you as a valuable resource when they need property management services. Sending the Right Content Content is at the heart of a successful email marketing campaign.

article thumbnail

3 Reasons Why Some Homeowners Avoid Property Management (and How to Win Their Business)

Fourandhalf

When you know why homeowners resist property management services, you can tailor your messaging, address objections head-on, and ultimately build more trust. In this post, we’ll break down three common reasons homeowners don’t hire property managers and how you can help change their mindset.

article thumbnail

Managing Tiny Home Rentals: A Guide for Property Managers

Real Property Management Chicago

Akin to traditional residences, tiny homes require water, electricity, and waste management services. Teamwork with the local municipality is important to get access to these, and other services will be allowed. While this pattern may give a unique investment opportunity for some property owners, it is not suitable for everyone.

article thumbnail

Can a Landlord Break a Rent-to-own Contract?

Bay Property Management Group

Its a unique combination of renting and owning the property. This guide will explain everything you need to know about rent-to-own properties. Heres what you should know before jumping in: Upfront Costs: Youll typically need to pay an option fee upfront, which secures your right to buy the property later.

article thumbnail

How to Handle Lease Renewals and Rent Increases Fairly and Profitably

Real Property Management Chicago

Lease renewals and rent adjustments are one of the most challenging aspects of property management. Numerous factors could lead to complications, rendering them difficult for both property owners and renters. It is also essential to consider changes in property expenses, such as taxes, servicing, and utility bills.