Author Archive

Property Managers are Information Managers too

Written by Apartment Management Magazine on . Posted in Blog

by Marc Courtenay

info overload
As with all of life’s responsibilities there are only so many hours a day in the lives of property managers and owners. Yet all of us are bombarded with email, text messages and loads of social media opportunities like Facebook and LinkedIn. Our clients and residents all want to communicate with us as well. The only way to effectively manage the information in your life is to begin by prioritizing what you should devote time to and what you should either delegate or delete. To manage information while you’re managing a business one has to begin by making critical decisions and sticking with them.

RepairClinic.com Names The Top Three Most Overlooked Appliance Dangers

Written by Apartment Management Magazine on . Posted in Blog

RepairCLinicRepairClinic.com, America’s most popular online store with replacement parts for appliances and outdoor power equipment, today shared a list of the top three most overlooked home appliance dangers and tips on how families can protect themselves.

“People often forget about dangers associated with major home appliances because they’re as much a part of daily life as a toothbrush,” said Chris Hall, president of RepairClinic. com and appliance repair expert. “It’s important to be aware of these dangers and to take proper care to reduce risks and stay safe.”

The Rental Report: Cutting Costs @ What Cost

Written by Apartment Management Magazine on . Posted in Blog

Cutting Costs

By: Naomi Nicholson ARM, MG Properties

When cutting cost, reducing expenses it is important to keep in mind the result these actions will have on both your bottom line and how it will affect the quality of life for your residents. Doing this in today’s economy climate can be challenging. During the last decade, our industry changed dramatically. Amenities and perks given away 10 years ago are now part of premium rental packages with costs passed on to the resident. Today, we look for ways to save money and lower cost without jeopardizing the asset or the residents that live there. It’s ok and even expected to be charged for these amenities. To increase income try charging for water, parking, pets and appliances, which can be considered a rentable item especially if they are a washer and dryers within the unit.

Rent Sense: Value of Rental Ownership

Written by Apartment Management Magazine on . Posted in Blog

By: Neil Fjellestad & Chris De Marco

Rental ownership has a long history of satisfying the primary investment priorities of personal financial independence: safety of capital, inflation hedge and tax-favored income.  Traditionally, if the detailed financial statements of the wealthy are available for review it becomes apparent that long-term income producing real estate assets directly or indirectly contribute substantially to their net worth.

Certainly there are exceptions that get the notoriety. There are the entrepreneurs that hit the jackpot with a new invention, the right innovation at the right time and/or the market control of a needed commodity. Then there are the speculators that successfully capture the benefits of leveraged capital, cheap labor or some windfall in the short-term that cannot be repeated with consistency.

However, forget the outliers and the top one-percent and concentrate on the basics of what has worked for the top twenty-percent. Locally understood and available rental properties purchased carefully one at a time consistently becomes the safest real asset to own.  Note that a small share in a national real estate investment trust may seem like a “safe way to get the benefits of real estate ownership” but in fact, this is just another financial asset with the same characteristics and historically similar results as any other stock market investment.

Rental Property