Rock Your Rental!

Do you know that feeling when you dump a 500-piece jigsaw puzzle onto the table? You’re overwhelmed by the task of sorting out all those pieces. Each one is important, and none can be neglected if you’re going to succeed in the mission of duplicating the picture on...

Let’s start by stepping back and looking at the big picture. While managing a rental property is an undertaking with seemingly countless details to coordinate—and it is—each of the details relates to one or more of the five basic elements of property management: You,...

The first basic element of property management is the property owner. There is no need of property management until someone builds, buys, or inherits a piece of real estate that will be leased to someone else. This acquisition of property may be intentional, as when a...

We are considering the five basic elements of property management and in our last post we discussed the property owner. Continuing, the second basic element of property management is the rental property. We are used to thinking about the steps involved in preparing a...

We are considering the five basic elements of property management and in our last post we discussed the rental property itself. Continuing, the third basic element of property management is the tenant.  In any business the aim is to make money by offering something...

In our last post we discussed the tenant, the third basic element of property management. Continuing, the fourth basic element is the money.  We began the last post by writing, “In any business the aim is to make money”, and then we addressed the importance of serving...

The fifth and final basic element of property management is the law and your duty as a rental property owner to observe the applicable laws. All the aspects of the rental property business that we have discussed so far—the owner, the property, the tenant, the...