It’s the best time of year filled with good tidings and cheer! However, for many property owners and managers, this can be the slowest--and most dangerous--time of year. Not only is ongoing maintenance important through the holiday season, winter safety is a must.
Any good property management company should be able to bring some savings to their clients. But the differentiator between a good management company and a great one is in the amount of savings they can bring you. Would you prefer to save A LOT or A LITTLE on your...
Prior planning is always key to minimizing your vacancy loss. Getting your vendors lined up when you know your tenants are moving out is the best way to save time getting your property rent ready.
Every landlord at some point is going to face an eviction. It’s inevitable in real estate. The best way to avoid an eviction is to stay on top of your collections and be prompt in serving your Three Day Notices. You want to be consistent as well. If you...
One of the best ways to keep your vacancy loss down is to proactively start marketing that unit as soon as you know you’re going to have an impending vacancy. At LBPM, we start advertising a unit even before the tenant moves out, so that we minimize vacancies for...
One of the most important steps in managing an income property is properly screening your tenants. We see landlords make this mistake over and over. If someone “seems nice,” they won’t bother checking out their references or looking at their employment or validating their rental history. Those people who...
One thing that LBPM brings to homeowners associations (that very few property management companies actually do) is to ensure that all our property managers and portfolio supervisors are certified. This means they have gone through the rigorous training that is required to get that designation as a certified community...
Sometimes, landlords, property owners, or homeowner associations (HOAs) decide they want to save a few bucks and do all the property management on their own. That can be fine in some situations, particularly for smaller buildings where the landlord or board has an abundance of free time. But there...
When you choose a property management company to manage any property, whether it’s a home or an Association (HOA) or an apartment building or a commercial property, there are many factors you want to think about. One of the most important is stability. At LBPM, we have been managing...