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Wednesday, October 10, 2018

3 Questions to Ask Before You Let a Repairman Into Your Rental Home
Property Management Blog
If you are a self-managing rental property owner, it’s only a matter of time before you receive the dreaded phone call from your tenant alerting you to a maintenance issue. This could be a faulty appliance, HVAC, or any number of other common home repairs. Often the solution is to hire a competent third-party service provider to han...

Wednesday, October 10, 2018

5 Advertising Essentials for Rentals
Property Management Blog
Whether you as a rental property investor choose to hire a property manager or self-manage your rental investment portfolio, it’s essential that your vacant property is being marketed for maximum exposure to find the quality tenants you desire, or to check that your property manager is doing these marketing actions of your behalf.Do...

Wednesday, October 10, 2018

6 Questions to Consider Before Turning Your Home into a Rental Property
Property Management Blog
Our team at NewGen Property Management talks to a lot of homeowner weighing their options between converting their primary residence into a rental property or selling. It’s not an easy yes or no. Her are six questions to ask yourself when trying to decide:If I didn’t own this home today, would I buy it as a rental property? Th...

Wednesday, October 10, 2018

10 Words You Never Want to Hear from Your Tenant
Property Management Blog
“I am getting a service animal and it’s a turkey.”While this may seem silly or unrealistic, but the truth is this is a real story. As a landlord, what do you say? Do you know the laws around service animals? If you don’t, you should brush up because HUD doesn’t take service animals lightly. Let’s test y...

Wednesday, October 10, 2018

Can I Sell My Rental Property With Tenants Living There
Property Management Blog
As with any asset, there may come a day that you as a landlord may want to sell one or more of your rental properties. A common question that arises when it comes time to sell is, “Can I sell my rental property with tenants still in place?” The simple is yes, however, there are a few caveats to be aware of if you decide to go ...

Wednesday, October 10, 2018

Condos vs Single-Family Homes: What’s the better real estate investment?
Property Management Blog
The team at NewGen Property Management works with a lot of first time investors. We are able to lend valuable advice to help them get started on the right track with their real estate investment journey. One of the most frequently asked questions we get is, “What kind of property should I buy? Are condos and townhomes better or wors...

Wednesday, October 10, 2018

How Do I Get Rid of a Bad Tenant?
Property Management Blog
No matter how diligently you’ve screened your tenants, you’re bound to eventually get a bad one. Bad tenants tend to violate one of two things: the rent or the lease. We’ve outlined the steps a landlord should take when handling either non-paying or lease-violating tenants below.Payment ViolationsIf your tenant is strugg...

Wednesday, October 10, 2018

How Much Does Professional Property Management Cost?
Property Management Blog
How much does hiring a professional property manager cost? This is a question we regularly encounter and the answer is, it depends. As a real estate investor, you want to look for a property manager with a transparent and straightforward fee and cost structure. In this post, we cover the five common fees you should expect to pay if you hi...

Wednesday, October 10, 2018

How Much Should I Budget for Repairs?
Property Management Blog
New and experienced investors alike struggle to answer the question of how much money they should be budgeting for rental property repairs.To put into perspective just how challenging this can be, we looked to one of the largest publicly traded single-family investors, American Homes 4 Rent. As a large institutional investor, AH4R has a t...

Wednesday, October 10, 2018

How Often Should I Inspect My Rental Property?
Property Management Blog
A critical mistake we advise rental property investors NOT to make, is placing a tenant and then forgetting about the property. In this blog, we will cover the best practices for inspecting occupied rental properties. Not only will we cover what to look for in these inspections, but also the frequency we recommend ensuring your property i...

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