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Maintenance

4 Easy Steps To Follow To Get Your Apartment Rent Ready Mick Lefort Wed, 02/28/2024 - 08:00

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”? Mick Lefort Wed, 01/31/2024 - 07:06

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.

Let’s Talk Trash!...Removal Mick Lefort Wed, 01/17/2024 - 07:48

HOW BEST TO DEAL WITH DEBRIS AT YOUR RENTAL PROPERTY

Nexus Property Management® manages all types of properties across our five franchise offices.

When NOT To Do Capital Improvements On Your Rental Property Mick Lefort Wed, 12/06/2023 - 06:13

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 Mick Lefort Wed, 07/26/2023 - 09:15

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 Mick Lefort Wed, 07/12/2023 - 09:48

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 Mick Lefort Wed, 05/10/2023 - 19:44

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? Mick Lefort Wed, 04/26/2023 - 18:42

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.

When Protecting And Adding Value To Your Properties Turns Dangerous Mick Lefort Wed, 12/14/2022 - 21:33

A NEXUS MAINTENANCE TECHNICIAN WAS STABBED: A Story About Added Value You Can’t Always See 

It was 1:00 a.m. on a Saturday morning and Nexus’ 24 hour a day, 7 days a week, 365 days a year maintenance team was at the ready should any emergencies arise. A call came in from a three family apartment about a substantial leak in a bathroom and our technician deemed it too risky not to address it immediately.

When And Why You Need A Building Permit Mick Lefort Wed, 12/07/2022 - 21:00

NEXUS PROPERTY MANAGEMENT 101: BUILDING PERMITS

Nexus Property Management® opened its doors over 10 years ago and has managed 1000s of properties for 100s of clients over the years. In an effort to help break down barriers to real estate investment for all parties, professional and D-I-Y alike, we’ll often answer those questions publicly.

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