Property Management

What Is The #1 Goal Of Effective Property Management? Mick Lefort Wed, 04/03/2024 - 09:53

WHAT EXACTLY SHOULD YOU BE GETTING FROM A PROPERTY MANAGER???

Both Mick Lefort (New Haven County, CT) and Angela Boggs (Phoenix East Valley, AZ) joined the Nexus Property Management® teams this summer as new franchisees.

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Balancing The Line Between Business And Personal Relationships As A Landlord Mick Lefort Wed, 03/27/2024 - 09:44

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 Mick Lefort Wed, 02/07/2024 - 06:16

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.

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Can You Effectively Self-Manage Your Property Without Hiring A Management Company? Mick Lefort Wed, 01/24/2024 - 07:28

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.

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You Are Not Giving Up Control When You Hire A Property Manager, You’re Gaining A Teammate Mick Lefort Wed, 01/03/2024 - 07:00

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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Is The Landlord Responsible When A Tenant’s Property Is Stolen? Mick Lefort Wed, 11/29/2023 - 03:55

WHAT DO YOU DO AS A RENTAL PROPERTY OWNER WHEN YOUR TENANT IS ROBBED???

As a property owner you should strive to provide your tenants with a comfortable, safe, place to live in exchange for them paying you rent that goes toward your mortgage and potential profits. But what if you don’t deliver on your end of the bargain and someone’s belongings are stolen? Are you, as the landlord, responsible for replacing those missing items?

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What SHOULD Hiring A Property Manager Cost? Mick Lefort Wed, 11/01/2023 - 20:52

LOTS OF PROPERTY MANAGERS ARE COMPETING FOR YOUR BUSINESS…WHAT SHOULD YOU BE LOOKING FOR WHEN IT COMES TO PRICING?

Let’s start with something we should all be able to agree on: Hiring a professional property management company for your rental property should bring you greater profits and returns than you would see without one.

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The Secret About The Most Successful Property Management Clients Mick Lefort Wed, 10/25/2023 - 07:07

THE TOP PROPERTY MANAGEMENT COMPANIES CHECK THEIR EGOS AT THE DOOR, DOES YOURS?

Guess what?…there’s something many property managers don’t want you to know. As if they’re hiding from a pig-tailed girl from Kansas, her three bumbling friends, and her little dog too, there’s an all-too-common effort to appear all-knowing and all-powerful in the industry. But here’s the truth: the best property managers invite their clients behind the curtain.

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Should Your Property Manager Set Up Your Utility Accounts For You? Mick Lefort Wed, 10/11/2023 - 08:00

WHAT RESPONSIBILITIES DO PROPERTY OWNERS WHO HIRE A PROPERTY MANAGER RETAIN?

Yes it’s true…we’re getting closer and closer to driverless cars. Several companies in California are pushing the limits and someday (maybe soon) your car may get you from point A to point B without you holding onto the wheel. But that dream is not applicable to real estate investment, at least at the level that the majority of us are involved.

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Should Your Property Manager Be Paying Your Bills For You? Mick Lefort Wed, 10/04/2023 - 08:00

MANAGING RECURRING BILL PAYMENTS IS NOT THE BEST USE OF YOUR PROPERTY MANAGER’S TIME OR RESOURCES

Call me old-fashioned, but I still prefer to go see my doctor when I’m feeling sick. I could go online and attempt to self-diagnose and try some things that Google Search has curated for me, but when it comes to my health, I prefer to invest in working with an expert. Living my healthiest life seems worth the time and expense.