Connecting You To Better Living®

Maintenance

NEXUS PROPERTY MANAGEMENT 101: Should The Price A Tenant Is Paying For Rent Affect My Approach Toward Maintenance As A Landlord?

ARE YOU OBLIGATED TO DO MORE AS A RENTAL PROPERTY OWNER IF A TENANT IS PAYING MORE IN RENT?

As our Nexus team has mentioned for months, maybe going on years, the price of rentals is not going to decrease. Perhaps there’s some semblance of a plateau in the future but it’s much more likely that rental prices remain elevated going forward and continue to increase by as much as 10% a year until the sales market returns to something closer to normal. As long as supply is low, demand for rentals will be high, as will prices.

Why It’s A Good Idea To Provide Landscaping At Your Rental Property

HOW YOU DO THE LITTLE THINGS SPEAKS TO HOW YOU HANDLE EVERYTHING

It’s that time of year when yards start to get greener. There’s definitely a positive feeling as we spring out of a cold and wet winter, but with that increased greenery comes increased responsibility. Nexus Property Management® has been managing residential properties for over a decade and every year around this time we field the same old question: should I provide landscaping at my rental property?

 

4 Easy Steps To Follow To Get Your Apartment Rent Ready

TRANSITION EFFICIENTLY TO MAXIMIZE YOUR PROPERTY’S VALUE

A major key to successful real estate investment lies in adding value to your property during rent ready turnovers. After a tenant leaves it’s essential to get the unit ready for the next tenancy very quickly while also taking advantage of this opportunity for upgrades. During times of high rental prices, due to market factors not necessarily unit quality, we’re seeing more and more landlords skimping in this department.

Is Your Rental Property “Lead Safe”?

MAJOR CHANGES REGARDING "LEAD SAFETY" THAT AFFECT MANY OF OUR CLIENTS...AND RAISE IMPORTANT QUESTIONS FOR OTHERS

If you're involved in real estate in any way, as an owner, a tenant, a realtor, etc., lead safety and lead safety compliance is critical. Any houses built (and painted) before 1978, which are the vast majority in most of the country, but especially the Northeast, very likely have lead in them. Lead poisoning is a serious issue that does irreparable harm to children and protecting citizens is an important function of government.

When NOT To Do Capital Improvements On Your Rental Property

WHAT ARE THE BENEFITS AND RISKS OR MAJOR PROJECTS WHEN UNITS ARE OCCUPIED?

As a property management company, one or our primary responsibilities is to help our clients add value to their rental properties. Making improvements to rental units is the best way to attract the most qualified tenants and increase the rental price.

Why Your Rental Property Needs A Backflow Prevention Device

STATES ACROSS THE COUNTRY ARE MANDATING THAT PROPERTY OWNERS TAKE ON RESPONSIBILITY AND COSTS OF PREVENTING BACKFLOW

Backflow prevention is one of the latest federal and state regulations that is giving commercial, industrial, and rental property owners headaches. The idea is pretty simple: municipalities want to safeguard against hazardous particulates entering the water supply. It makes sense that governments should be tasked with ensuring citizens have clean, healthy water to consume.

Maintenance Write-Offs: Capitalizing vs. Deducting Expenses

IF EVERYONE KNEW THERE WERE TWO WAYS TO WRITE-OFF YOUR MAINTENANCE EXPENSES, THERE’D BE NO NEED FOR THIS ARTICLE

It’s well known, or at least it should be, that maintenance costs, when it comes to rental properties, are not the headache they seem to be because of advantages in the American tax code. Simply put, money you spend on your rental property can be deducted from your earnings to ultimately decrease your tax burden. For this reason, it is advantageous to keep up with maintenance needs and to ensure your tenants are happy.

Change The Way You Look At Maintenance As A Landlord

A FOCUS ON LONG TERM PROFITS EXTENDS INTO HOW YOU THINK ABOUT PROPERTY MAINTENANCE EXPENSES

When it comes to your properties it seems that “maintenance” is the wrong word for “maintenance”. When we use the term, we’re talking about physical work that needs to be done to “maintain” the value and comfort of the property. But in reality, maintaining the current value is not your goal and it’s not the result. When you perform needed physical work on your properties, you are increasing value. This basic tenet is key to successful real estate investment.

Should You Give Tenants Discounts For Helping Out Around Your Rental Property?

3 REASONS WHY WHAT SEEMS LIKE A CONVENIENCE COULD BE ANYTHING BUT

It’s no secret that the physical maintenance issues and weekly or seasonal chores that naturally come with rental property ownership can be a pain in the neck. That reality is a large part of why professional property management companies are in such high demand.