Sometimes it just takes a bit more research. There are a lot of different companies out there who are offering Investment Property and it is just a matter of tracking them down. There you can find lists of up coming auctions for thousands of properties, advance sales of developments at the off plan stage, and lists of distressed sellers looking to shift their property at a level below market value in order to get the property off their hands.

There are great opportunities to be had in the housing market today, but you need to be aware that these possibilities are not going to fall into your lap anymore. You need to be pro active in this market to find the investment opportunities which will take you investment business to new heights.

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Similarly, getting a house for sale by owner – without intermediary – is sometimes frustrating. Instead, Yigdigs.com provides the assistance for you on online basis. Many choices are available with various types and prices. Only by typing the city or zip code of the area you want, many alternatives from 51 American states of all types and location will be ready for you to choose.

There are at least for packages that the customers may choose from home seller listing ranging from Basic, FSBO, Flat Fee MLS, and fully agent assisted. Basic packages is free of charge at Yigdigs.com, in which photos, Printable Property Flyers and community expert forums, in which the customers may get online guides from experts, are available for free. However, the three other packages are also available with a highly competitive price. The customer may get the choice with just a click on listing of houses for sale by owner.

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Architect has the ability to catch our ideas and represent it in a home design. With that way, we do not have to make our own design or find some ideas because architect is able to develop our idea as well. With them, we can get a solution for our home design and structure. There are some ideas that seem impossible to be done, we just need to Ask the Architect and with the advice from architect, we can get the solution. The professional architect will put a great design and increase the aesthetic value of our home. If we need some evidence, then we can compare homes that use architect and ones that are not. We can see great difference on the homes.

There are so many architects or architectural companies that we can find, but if we are living in Minnesota, Remwhirl.com can be the perfect choice. We can check more info of Brainerd Architects on the Minnesota Architecture and Landscaping Blog or on the website.

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A huge issue for professional landlords as they grow their portfolio is staying organised, according to an experienced property investor.

Amer Siddiq, founder of property management software firm Property Portfolio Software (PPS), believes an essential step for serious landlords is to invest in property management software.

PPS’s software products are specifically designed to handle the major challenges faced by landlords.

But according to Amer, many landlords fail to ask the right questions before purchasing their software.

He said: “Becoming a serious investor brings new problems you won’t have experienced before. The answers are provided by clever landlord software solutions. The next challenge is to pick the right solution.”

Amer believes landlords should ask:

1. How long has the property management software been on the market? This might seem obvious but if the software is from a new start-up company, then it’s natural to be sceptical at first. Because the property market has boomed over the last few years, a number of different landlord software vendors have come to the market and disappeared within a couple of years.

2. How many sales have been achieved to date? Don’t be afraid to ask this vital question as it will give you a good indication as to how popular property management software solution is.

3. What kind of support is provided? The support service that sits behind the product is more important than the product itself. It will determine how successful the product is. It’s inevitable you will need to speak to someone at some point and the speed and manner in which your query is dealt with will either make you a fan or put you off totally!

1. Who has designed the software? Steer clear from software that has been designed by ‘computer techies’. What you want is software that has been designed by experienced landlords.

1. What is the refund policy? It is important that you look into any refund policy that is made available and definitely read the small print.

1. Who is the software recommended by? Check out testimonials and make sure the software is approved and or recognised by the two main landlords associations in the UK, National Landlords Association (NLA) and the Residential Landlords Association (RLA).

1. How often is the software updated? Property management software will always need to be fixed and developed on a regular basis. In the best packages the software can automatically update itself.

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In the eBook The Property Management Start-Up Guide How to Start a Property Management Business and Still Keep Your Life we have identified several systems that once implemented, will drastically reduce the time and headaches of property management.   Here are a couple systems that will help you keep your life while owning a property management company.

Rental Unit Key Management

In profession of property management managing house keys can be very confusing if a good system isn’t used.  Below are the two types of key management.

1. In office key management
2. In field key management

In office key management

Purchase a lockable key cabinet to store keys in your office.  Keep at least three sets of keys.  One set needs to stay in your office for the use of you and your employees/vendors.  The other two sets can be given to the tenants.  Make sure the property owner keeps a set as well. 

In office keys should always be kept in a locked cabinet.  When writing the address on the key tags never write the entire address on the tag.  Should the key get lost or stolen, you won’t need to worry about uninvited guests entering the unit.  For example, the address 1234 Fake St. Apt A should be written on the tag as either 1234 A or Fake St A.  This will ensure that no the property will be recognizable to someone not associated with your office.

As your property management business grows larger and employs more office staff you will want to incorporate a key checkout system.  Have one employee (perhaps the receptionist) be responsible for the checking out of keys.  The checkout person will write the employee’s name and the date/time they took the key.  This system will ensure that keys that go missing will be easily traced back to the last person who had the key. 

Field key management

Keys outside the office are best controlled by the use of contractor key boxes.  These key boxes have a combination lock and a shackle so the lock can be hung from a doorknob or locked onto something like a metal post.  For the sake of convenience set up an easy to follow key box combination system so everyone in the office knows the combination to each lock.  You can set all the combination numbers to the last four digits of your company phone number or set the combination to be the first four numbers in the property’s address. 

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Anyway, I've called property management 6 times within the last week to no avail. Lighting fixture in 4 rooms are not working.

What should I do?

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           Take a stroll through any city, and you’ll see them: lovely brick condos, inviting apartment buildings, gleaming tall skyscrapers, and even historic mill buildings and churches converted into contemporary living spaces. Today’s real estate market is constantly evolving and changing, and as this dynamic streetscape alters, behind the scenes is the invaluable and skilled player: the property manager.

            One of the fastest-growing careers of the next decade, employment of property, real estate, and community association managers is projected to increase by 15 percent by 2016, according to the U.S. Department of Labor. As the mortgage market compels many Americans to rent instead of purchase homes, and baby boomers move into housing and healthcare units, property management professionals will be in high demand. There will also be opportunities with real estate development companies, commercial property corporations, and government agencies that manage public buildings. If you see a well-run, profitable establishment with satisfied tenants, chances are there is a talented property manager handling the day-to-day logistics of that community.

            One successful California property management developer, Andrew Gross, vice president at Thomas Safran and Associates, an affordable housing development firm, says his profession has taught him not to be afraid “to dream big.” “Business development is a challenging process, and a developer must possess the creative know-how to put out fires and overcome hurdles.” Gross is a member of the Advisory Board at Fremont College,  a premiere degree and career college in Southern California.  He says that developing affordable housing has been personally fulfilling, allowing him to change entire areas and “see people truly enjoy their new situations.”

Property management holds the most potential for people like Gross who enjoy blending knowledge of real estate with customer service and sales skills. Being a property manager is like being the mayor of a small city-you manage revenues, make important decisions about management, oversee contractors, oversee residents, and more. “Attention to detail is crucial,” says Gross, who constantly finds himself drawing parallels between work and life in his daily challenges.

            Property managers need to have a broad knowledge of business, finance, accounting, and real estate, as well as practical skills such as math, writing, computer, and oral communication. A business administration degree with a concentration in property management will equip you with knowledge of financial and expense control, customer service and marketing, leasing basics, and more. Various professional and trade associations also allow you to expand your knowledge of specialized subjects, such as insurance and risk management, personnel management, and reserve funding. Many fields overlap, says Gross, such as the constant intertwining of property management and real estate.

            Your career opportunities may abound as a property manager-you can work for real estate agents and brokers, lessors of real estate, or any other real estate company. Just as an example, top U.S. and trade associations, such as the Building Owners and Managers Association and the National Association of Industrial and Office Properties all offer job postings and networking opportunities. Booming overseas expansions are also opening up international property management positions. At Thomas Safran and Associates, which owns and manages over 3,200 units of affordable rental housing in the Greater Los Angeles area, Gross says that the company is looking to hire skilled professionals who are able to communicate with clients.

            So move aside, Donald Trump. The commercial and residential real estate industry is attracting talented young professionals with a strong educational background that equips them with a diverse skill set, talent, and experience. As a property manager, you can make a positive, sustainable impact on the environment and the economy, build lifelong relationships, and make a difference in the lives of hundreds of people. The welcome mat is out for a satisfying and rewarding career in property management. You just need to open the door. “It’s important to find life’s work that is fulfilling,” says Gross, who says it was serendipitous that he ended up in such a rewarding field.

For more information about a degree in business administration or career opportunities in property management, visit www.fremont.edu, or call 877-344-2345. Fremont College is a Southern California-based college dedicated to offering hands-on, career-focused accelerated degree programs that close the gap between the classroom and the workplace.

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Atuke Newell of UAS Properties provides some valuable insights on property management and how to keep your assets profitable. Invest With Passion!

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Multi Property Services – gives owners of Costal del Sol property who are interested in letting out their villa or letting out their apartment the confidence and piece of mind in knowing that they can gain the financial rewards of short- or long-term rentals while protecting their property and interest. Here are some tips for you if you are looking for a company in Fuengirola, Mijas Costa, Benalmadena or Marbella to manage your property or letting your villa or apartment.Property inspections – the company you select should check your property on a weekly basis. Inspections should include a check of all plumbing, baths, toilets and making sure all showers are off and all other fixtures are in working order. It should also include an inspection of electrical outlets and small appliances, again to ensure that they are in perfect working order.Outdoor inspections – includes the checking of lawns, gardens, and the pool for any damage. The rental property management company should make sure that the sprinkler systems and pool filters are working. The company should also regularly inspect for any pests or vermin.Property administration – The rental property management company will ensure that utility payments, taxes, and other bills are paid in a timely manner. They should also provide you with a monthly report.Property inventory – the property management company will go through the property with you, making a thorough property inventory and using that as the basis for checking the apartment or villa after guests have departed.Cleaning – Prior to the arrival of guests, the rental property management company should arrange to have your villa or apartment cleaned and prepared for letting. Some companies may, for an extra fee, also offer a greet and meet service for guests.Mail pick-up – Any mail should be picked up from the property and forwarded on to the owner.When you do find the right rental property management company, then owning a property in Fuengirola, Mijas Costa, Benalmadena or Marbella will be both a personally and financially rewarding experience. Furniture packages -Buying furniture for your new property can be an overwhelming and frustrating experience. There are so many shops to choose from and so many companies offering furniture’s. On completion of your new purchased property time is very limited and there are lot more things you have to consider. Our company prowide furniture packages this way you don’t need to wory about the quality of the furniture.To learn more about subjects like costa del sol property management please visit the web site at: http://www.multipropertyservices.com

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Five Considerations of Hiring Property Managers

1. Management Fee
The property owner needs to understand the purpose of the management fee (typically 10%). The percentage management fee pays for the property manager’s time. The 10% allows someone else to help shoulder the burden of owning the property. The owner is paying for someone else to field 2:00 am calls. It is important to remember that the property manager cannot take all of the responsibility and burden off the owner. In the end, it is the owner’s property and the owner’s responsibility.

2. Interview
When hiring any professional, an interview will be conducted to hire the correct candidate and then the professional is left to alone to do their job. Working with a property manager is no different. During the interview process ask good questions; require forthright answers, hire the right candidate, and then get out of their way. If an owner is a high micromanager then they should hire a certain type property manager (see Property Manager categories below).

3. Personality fit
The owner’s personality has to fit the property manager’s systems and procedures. Sometimes owners will have difficulty with a property managers systems and procedures. If a property management company sets office hours between 9-5 Monday through Friday and owner wants an update on their property @ 6:00pm on a Friday evening they will have to wait until 9:00 am Monday. This may drive some owners crazy who want to be very involved in the day-to-day management. If this is the case they probably should hire a manager who will be more responsive to the owner’s needs.

4. Communication
Communication is a two-way street. It is not only the property manager’s responsibility to communicate effectively. Owners should understand they have to lead the property manager in how they expect the manager to manage the property.

Here’s an example: My wife is a director of marketing for a company. She has to be the leader in guiding and directing the advertising agency as to what she wants for the project. She cannot expect the advertising agency to try to guess what she wants in the project.

If your property manager is slow in returning your phone calls explain to them the level of communication you expect. In return, ask them how much communication they expect from you.

Many property managers would rather only communicate with you on as needed basis. Much more than this level of communication from the owner is overkill.

5. Property Manager Categories
While Property managers fall into three categories, the size of the property management company is neither better nor worse than the others. Choosing the size of property manager has more to do with the level of owner pampering and paperwork provided rather than a property manager being good or bad.

Small 1-50 units
Property managers in the small category are usually unlicensed with no training in property management. These managers will have more time for the property owner. This type of property manager is usually not much more than a handyman who will show and rent apartments. If a property owner wants to be hands on and needs to be updated on every specific action of the property this is the manager they should hire.

Pros:
These property managers have the time to cuddle and coddle the owner. They will provide the owner with receipts for repairs and nothing else in documentation.

Cons:
These managers will have no systems in place to and will not be able to negotiate vendor discounts. No 1099s and no accounting documents prepared for your accountant.

Medium 50-150 units

Pros:
These managers have more of a professional approach with the use of some systems. They have the purchase power to negotiate some vendor discounts.

Cons:
The paperwork may be enough for the owner to understand the numbers, but may not be enough information to submit to an accountant or to the IRS.

Large 150+

Pros:
Large companies have invested a lot of money in their systems procedures. They will have an in-house maintenance staff. Their accounting reports can be submitted to an accountant or the IRS.

Cons:
No time with the owner. Communication is very professional, but impersonal, done mostly through email and voicemail. Large management companies offer very little owner pampering and handholding. The downside: even owners who have been in real estate for many years still need some positive reinforcement once in a while.

Ryan Windley coauthored The Property Management Start-Up Guide – How to Start a Property Management Business and Still Keep Your Life in order to introduce entrepreneurs to property management as a viable business.

If you would like to know more about starting your own property management company you can purchase the book @ http://www.propertyprof.info

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For more information, visit www.davidtilney.com

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Questions to ask yourself:

• How many property managers do I want to interview? While the attached form allows you to compare 3, I recently interviewed 5 for my new property. A little exhausting to say the least!

• How will I find out who to interview? I find personal referrals from other property managers to be the best method.

• What are the most important areas to me in finding a property manager. Do you want the cheapest fees or the highest rent or is the service provided more important?

To follow is quite a long list of questions you may wish to ask a potential property manager. Have a read through it before you go to interview an agent and identify which questions are most important to you. After the questions is a form you can fill in while interviewing the agents. It’s best to start from the far right column so that you can fold that over out of sight when you start interviewing the next agent.

Structure:

• How is the property management department structured?

• Who will be your point of contact?

• How many people will you have to deal with on an ongoing basis?

• What is their contingency plan for when your point of contact is ill or on leave?

• What is the ratio of staff to properties managed?

Maintenance:

• What is their procedure?

• Do they contact the property own for all maintenance?

• Do they charge a fee to conduct maintenance?

• What percentages of their tradespeople are licensed?

• Can the owner nominate their own tradespeople?

• How are large bills paid (directly by the owner or through the rental receipts)?

Lease renewals:

It is very important to choose a company that handles their lease renewals promptly and efficiently ensuring your tenant always remains on a current lease.

• What is their procedure?

• Do they perform rental increases only upon lease renewal or during the period as well?

• Does the company charge to renew an existing lease (ie: where they don’t need to find a new tenant)

Rental arrears (tenants who are behind in rental payments):

• What is their procedure? (ie: how often do they check arrears, how many days behind does a tenant have to be before their procedure starts and what does that procedure consist of)

• At what point does the owner of the property get contacted to notify them their tenants are in arrears?

Inspections:

• How often is the property routinely inspected?

• Who conducts these inspections? (ie: is it your point of contact or someone else?)

• What points are noted on the inspection report to the owner?

• It is appropriate to view or request a sample of one of these reports.

Fees:

• What are all of the costs they charge (get written confirmation).

• Charges typically include: management fee (usually a percentage charged against all rent received), letting fee (usually a percentage or number of week’s rent charged up front when a new tenant is found), advertising (internet, newspaper etc), sundry or postage (usually a nominal fee per month), lease renewal (often charged when a lease is renewed as opposed to a new tenant being found).

• Will the owner be charged more than one letting fee in a year if there are more than one set of tenants (if the letting fee is based on a percentage of annual rent this can be costly).

• Are these fees negotiable (ie: for management of more than one property).

• It is appropriate to view or request a sample of the authority you would sign if you were to give them your property to manage.

Payments:

• By what method does the landlord get paid (direct debit to a bank account is the most common and convenient method).

• How often does the property owner get paid (weekly, fortnightly, monthly).

• What payment methods are available to tenants.

Statements:

• Does the statement get emailed, mailed or both to the owner

• It is appropriate to view or request a sample of one of these statements

Tenant screening:

• How is this performed and what does the tenant need to provide

• It is appropriate to view or request a sample of one of these statements

Advertising

• How are vacant properties marketed to the public (commonly – internet including large property portals and the real estate agent’s own website, newspaper, window display, in house database of tenants currently looking)

Estimated rental projection:

• What does the agent think the property is worth?

• What other comparable rentals on their books can they show you so that you know that their figure is realistic and achievable?

Other:

• Any other questions you think to ask

• Comments on their presentation materials etc

• Did they provide testimonials? Can they give you contact details for 5 of their current landlords who you could query about their service.

Preparation / Follow Up:

• What did the agent do before and after the presentation to stand out.

Overall rating:

• A section to rank a number of property managers

To download a free checklist to help you find the right Property Manager head to

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Property management services offer individuals operational services in commercial real estate, residential real estate, and even industrial based real estate. Many property owners are now electing to implement the use of these services due to the advantages that they offer. If you are one that engages in one or more types of real estate, you may find that these services make your transactions and business run more smoothly. In this guide, I will highlight 7 advantages of using property management services.

1. The first advantage to implementing the use of property management services is that it allows you more free time to focus on other aspects of your business because the firm that you hire takes direct responsibility for acting between you, as well as your tenants. Many who are involved in real estate endeavors find that they lack the time, and even the expertise to deal directly with those who sublet from them. These services make this issue one of the past.

2. The next benefit to allowing services that focus on property management conduct business for you is that they work to reduce the expenses that you have as a landlord, and optimize your earnings. As a result, the service firm can actually work to increase the actual value of the property that you have.

3. When dealing in real estate, it is essential to learn all of the county, state, and even the federal laws surrounding the property that you have, as well as the rentals that take place on that property. When choosing property management services, you can work knowing that you are adhering to those laws as they are extremely knowledgeable in this particular area.

4. The next advantage to dealing directly with property management services is that the staff works to ensure that the property is well maintained and cared for. They know and understand the overall importance of attracting individuals to your estate. They will work diligently to ensure that when interested tenants stumble upon your property, they find it extremely attractive.

5. Management services that work in real estate take the issue of collecting rent out of your monthly regime. This type of service will deal directly with your tenants, collect the funds that are rightfully yours at the appropriate times, and delivery your cash in a timely fashion.

6. Property services know their business – and that is real estate. They study the highs and the lows of the market and optimize the amount of money that you can obtain by subletting your property. This means that you can experience the best rental rates on the market, without all the hassle!

7. Last, but not least, an advantage to property management services is that they can offer you piece of mind at an affordable rate. You no longer have to concern yourself with the day to day hassles of renting, and/or maintaining your property. The best part is that they will offer you all this at a reasonable price!

If you own any type of rental property, you should indulge in property management services. As you can see, these 7 advantages speak loads of the wonders that this type of service can provide to you!

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An interview with Mel O’daniels General Manager with Nexus Vacation Property Management Software

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