How to Set Up a Property Management Company

A property management company deals directly with the tenants and prospective tenants, saving the owners of the rental accommodation time as well as worry. The main things they handle range from maintenance and repair issues, collection or rent, responding as well as solving tenant issues as well as pursuing the less loved job of evictions.

Property manager talking with clients

While owning a company can come with a lot of challenges, it also comes with a lot of financial benefits. A few things you should keep in mind before starting your own property management business are:

1. Legality

Your first step should be to establish your company as a legal entity.…

Continue reading

4 Things You Should Know About Being a Landlord

Being a successful landlord involves more than simply collecting the rent each month. Understanding legal requirements, adapting to problems, and being compatible with many different personality types are all essential skills.

Landlord

Not only skills, you also need tools to manage and market your property better. For example, you should use websites that let you to advertise rental property for free. You should also use property management apps that can help you with rental management, maintenance, and so on. And don’t forget, there’s a toolset that’s called social media.

As you can see, being a landlord is not everyone’s cup of tea. …

Continue reading

Property Management Industry Faces Drone Invasion: Why That’s a Good Thing

With drone technology having advanced to the point of offering an attractive alternative to human labour in industries ranging from defence to wedding photography, property management markets around the globe are bracing for impact.

But between government crackdowns and hidden costs, property management companies wishing to replace their human employees with robots have their work cut out for them. Let’s investigate the pros and cons of the drone use in this report.

What are drones?

The term “drone” is a catchall buzzword for most types of aircraft that can be piloted remotely. Drones are broadly categorized* on the basis of their standard usage, control methods and physical characteristics.…

Continue reading

How Damp Meters And Moisture Meter Can Save You And Your Property Thousands

As anyone that has ever suffered from damp in their own property, or maybe a property they own, knows that if you do not catch the damp and sort the issue before it becomes a major problem, the end result can be a very costly repair effort, taking much time and money to truly fix and prevent the damp from occurring again.

Damp meter

Many people believe that damp and moisture is only ever found in older homes, but this could not be further from the truth, because water will always find a way to get into your property if it can, whether you own a 4 bedroom new build in the city or a 100 year old cottage in the country.…

Continue reading