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Property Management

Yes, Property Management Can Be A Waste of Money

Submitted by Mick Lefort on

THERE’S ONE KEY FACTOR THAT CAN UNDO ANY ADVANTAGES OF HIRING A PROPERTY MANAGER

Hiring a reputable property manager is a great way to ensure you’re on the right track with your real estate investments. A property manager will help you make important decisions about your rental properties and will take care of all of the headaches that come with investment property ownership. They’ll handle your leasing and maintenance so that you can sit back and collect passive income.

If A Tree Falls On A Tenant’s Car Is The Landlord Liable?

Submitted by Mick Lefort on

MORE OFTEN THAN NOT, TENANTS ARE RESPONSIBLE FOR THEIR OWN PROPERTY WHEN SOMETHING GOES WRONG

Insurance related issues can be complicated and a bit uncomfortable when something goes wrong and you think someone else might be to blame. When there are questions about responsibility for damages, the best thing you can do is reach out to your insurance provider. With that in mind, storm season is upon us and as some of our clients in Rhode Island and Massachusetts recover from a recent tornado that touched down, it seemed an appropriate time to pull this video out of the archives.

RENTAL PROPERTY 101: Why Interior Inspections Are A Bad Idea

Submitted by Mick Lefort on

Fostering Trusting Relationships Is Better Business Than Following Emotions

It’s been pretty well publicized that anxiety has become more and more prevalent in recent years. A recent book about the “Anxious Generation” has been a top seller for over 11 weeks and everywhere you turn people are prophesying doom. Coming out of a world-wide pandemic with smartphones and Social Media with algorithms that point us in that direction helps explain this.

What To Expect As A Property Owner At The Beginning Of Your First Rental Experience

Submitted by Mick Lefort on

THE FIRST TWO MONTHS ARE ALMOST ALWAYS THE MOST CHALLENGING

With housing prices, housing supply, and interest rates all stuck in the mud, more and more property owners are dipping their toes into the rental market. If you’re one of those people, congratulations on making a wise choice. Being able to collect rental income to cover your mortgage and other expenses is a great way to build equity and let your money work for you. 

Balancing The Line Between Business And Personal Relationships As A Landlord

Submitted by Mick Lefort on

THERE’S ONE BEST WAY TO INSULATE YOURSELF FROM GETTING TOO CLOSE TO YOUR TENANTS

It’s undoubtedly important that tenants feel valued and respected. Ultimately, the goal is for them to genuinely feel like the unit they’re renting is their home. In this way, they take pride in their space, keep you in the loop when there are maintenance needs, and go above and beyond to take care of the property. It’s a perfect example of the win-win relationship Nexus Property Management® is always trying to create.

There Are 3 Different Types Of Property Management Companies To Choose From

Submitted by Mick Lefort on

WHICH TYPE OF PROPERTY MANAGER IS BEST FOR YOUR RENTAL PROPERTY AND PERSONAL NEEDS?

Property Managers provide important services for rental property owners looking to maximize their returns while taking a more passive role. Hiring a professional to handle the responsibilities that come with home ownership is a smart move in most cases and in general there are three different categories of property manager out there to choose from. All three will collect your rent and manage your rental property for you, but the way in which they do so will vary greatly.

Can You Effectively Self-Manage Your Property Without Hiring A Management Company?

Submitted by Mick Lefort on

HOW MUCH IS YOUR TIME WORTH AND WHAT ARE THE OPPORTUNITY COSTS?

Self-management of your rental property is a great way to start out if you have just one property. Whether it’s a duplex or a three-family, it likely makes sense to manage it yourself if you have the skillset and time because your profit margins just won’t be that high, especially in year one.

You Are Not Giving Up Control When You Hire A Property Manager, You’re Gaining A Teammate

Submitted by Mick Lefort on

THERE’S A BIG DIFFERENCE BETWEEN RELINQUISHING CONTROL AND DELEGATING RESPONSIBILITY

Many of our property management clients are experienced investors but just as many have owned rental property for five years or less. Regardless of how you’ve come into renting property or what your long term goals might be, there’s no doubt that partnering with a professional property management can make life easier.

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