DIY and Pro Help With Your Home Projects
No body needs help more than property managers. With a constant flow of new tenants, there is always something that needs repair on a rental property. Maintenance is the second biggest headache (and we all know what is the biggest headache) in property management. The wear and tear on rental properties is compounded by the "it?s a rental" attitude of many lessees. Carpet, paint, roofs, plumbing and trim are just a few of the areas that require routine upkeep if you want to get the highest dollar for your rental property. Knowing the secrets of the pros can make this upkeep a quick and easy job.
If you are managing a small property, then you will appriciate the articles on do-it-yourself repair. Article about selecting paints, repairing damaged sheetrock, and replacing a kitchen faucet will save you time that you don?t really have as the property manager. We also have several other article that can help with giving your rental property a more attractive look that will attract renters.
If you are managing a large property, then you will want to find great local contractors that can handle a big job and complete those projects timely and under budget. Just click on our find-a-contractors tab, pick a job and location. We will show you local contractors that can help with maintenance or upgrades to your property.
As a property manager, I have found that a few little extras like hip paint colors and attractive landscaping make people proud to live in your property. This pride has several benefits to you as a property manager. In can help keep your tenants there longer. I have had the same renter of over 7 years because he is so happy with his environment. This results in higher occupancy that result in more profits with less hassle. Also happy tenants can help bring in other tenants. Reward programs are OK but nothing brings in new renters like a satisfied renter who want to tell all their friend about their great place to live. The last big advantage is that satisfied renter do less damage to your property. If they feel that you are treating them like someone special, then happy renters feel guilty if they do extra wear and tear on the property.
Property management is delicate balance between cutting cost and optimizing income. Both strategies help make more money so a little bit of both is a good compromise. This site can help you accomplish both these tasks.
The tool bar at the right is a starting point for searching for DIY information. Each category has articles that could be helpful to a property manager. Even if you are outsourcing the work, you should know what the contractor is doing so you know you are getting a reasonable price. There are many picture from rental properties on this site. This is because I have an unusual real estate philosophy. I buy home with the long-term goal of flipping them. Since I have limited time and money, I rent the properties while I do the planning, exterior work, and some interior work.
I have found that most people are excited about a small scale property being renovated and are will to put up with the occasional inconvenience. Especially if they feel involved. I usually explain to the renters how nice their rental will be after I finish the renovation and this gets them excited. It may not work for everyone but I like the having the property appreciate due to the renovation and due to the time lapse during the renovation.Fresh content is added daily to the site so check back to get more DIY and home renovation advice.