“thank you for the … it…” Bob G. – CPA & Property Owner
Just a quick thank you for the recap of 2012 income and expenses. It made the tax return much easier. Bob G. – CPA & Property owner
How to set rental rates for your properties
Determining how much to charge in rent for your rental units may seem like a daunting task. This is compounded by the fact that in most areas of Northeastern Ohio it is rare for rentals rentals on the MLS which means that that there is no public data for what properties ACTUALLY rent for. Here […]
Detecting Rental Scams: Tips on Protecting Yourself and Your Investments
If you simply Google search “rental scams” you will get to read a plethora of articles on landlords or fake landlords scamming potential tenants. Unfortunately, landlords are often portrayed as the big bad wolf in the story. However, there are a multitude of people out there posing as potential or fake tenants working scams on […]
No spanking policy!
We regularly receive questions from landlords regarding why they should spend the money on a management company. What benefits will they receive from the deal? Let me start by saying the benefits of using a management company are both monetary and intrinsic. We save landlords money, we enable them to earn more money, and we […]
Attention licensed agents: 3 Free Hours of CEU – Property Management Best Practices
To register go to https://propertymanagementoh.com/ceu The following is the outline of some things we will cover: PROPERTY MANAGEMENT BEST PRACTICES OUTLINE I. Introduction – 15m – Why and when might the prospects and clients you are working with be in need of leasing and property management II. Legality- 35m – I have a salespersons license. […]
Turning around an apartment complex
We wanted to share with you a success story. Today we filled the last of a series of vacancies for the 333 Washington, an 18 unit apartment building in Elyria. When we took over management in October 2012, this building had a 50% occupancy and of those units several were under eviction. There were a […]
Why Do North Eastern Ohio Landlords Choose Property Management?
They are not local. – Using a property manager is ideal for landlords that are not local. Although paperwork and rent can be collected long-distance, properties can not be properly maintained or monitored. Using a property manager allows you to have someone in the area keep an eye on your properties, be available for emergencies, […]
Making the Most Possible with Section 8 Tenants
In case you are wondering what section 8 (see wikipedia) is, it refers to Section 8 of the Housing Act of 1937 (42 U.S.C. § 1437f). This section governs housing subsidies and housing vouchers for tenants. Locally one of the many things we do for our landlords is navigate the Section 8 system on their […]
Do you have the Ohio’s worst tenant?
If you have yet to watch the show World’s Worst Tenant, you really need to watch it. It is a combination of hysterical and insightful. During each episode the team sets out to help a landlord deal with a difficult tenant situation. They face a wide variety of crazy situations. I’ve seen shows dealing with […]
How to challenge my property taxes
As of January 1st, the Board of Revisions is accepting complaint applications on assessed home values. This is an important tool for landlords throughout Lorain County (and Northeastern Ohio) since assessed home values determine the amount of property taxes you will be responsible for. Property taxes are figured by multiplying the tax rate by the assessed value of the […]
