One of our landlords recently asked me, “Why were we allowing roommate situations in our properties?” Said owner went on to ask if we thought the rental market was changing so there would be fewer “families” living in homes and more roommates or blended homes. I thought for a moment and said, “yes, we are […]
Posts by Ron Sudman
AS with the homes we live in ourselves, property repairs to a rental property are inevitable. Whether to do these repairs yourself or to choose to use your property manager's Contractors is an important question. It's an income property afterall: How do you esnure you maximize the income generated while preserving property value? Let's take […]
Having proper insurance is essential for ensuring you have maximum protection against any significant unforeseen events. Horrific events such as your rental property catching on fire, flooding, vandalism, or other damage by the resident. During the last 35 years of business, Management One has seen it all the above and worse. I feel it my […]
*** The theme of this article was originally published by the Rental Housing Journal on December 14th, 2020*** As of December 27th, President Trump signed a new relief package. In that package, the CDC moratorium was extended to January 31st, 2021. It should be noted that local governments may extend their moratoriums past this date. […]
Do you remember the Clint Eastwood movie, “The Good, The Bad, and The Ugly?” Some landlords equate renting to residents on Section 8, a Federally backed program, the same way. It can be useful, and it can also be not so good and very time-consuming. But yes, you do have to accept it. The Section […]
Is Losing A Good Resident Worth It? Let me share with you a real-life situation that happened at Management One. First call to our office: It all started on April 26, 2019, the Resident called in a repair for the Air Conditioning unit. This property has a Home Warranty, so we issued a work order […]
Are you managing your own property? Getting calls in the middle of the night because there is a broken water pipe in the laundry room? Tired of your resident paying their rent late, month after month? Not really sure what to do or how to turn your existing resident over to a management company? One […]
Houses For Rent By Owner or Houses for Rent By A Property Management Company? The answer really boils down to your preference. There are pros and cons to both sides of the coin. In this article, I will share with you the good, the bad, and the ugly that I have witnessed in the property […]
With the internet and all our devices mobile now, it makes everything easy and convenient for us. However, with that comes those who want to take advantage of this convenience – the online Scammers, especially rental property scams. In Property Management, online Scammer creates quite a challenge. These individuals find listings of properties for rent […]
Thinking about purchasing a rental property? Are you deciding between self-management or hiring a property management company? Surely, you can handle a tenant on your own. After all, how hard can it really be, place and an ad, put up a “For Rent” sign, interview a few tenants, collect money, and they move in? Hear […]
Have you ever lived on a street and you drive by the house after house, and the lawn is brown, overgrown and full of junk? And then you see this immaculate yard, and you wonder “why can’t everyone else have yards that look like this?” You might even pass a judgmental thought through your mind […]
Are you thinking of getting into rental property investing, enticed by the growing popularity of short-term or vacation rentals? Short-term rentals offer the opportunity for high returns on your investment, but they also come with certain drawbacks. If you’re leaning toward purchasing additional property for a short-term rental, make sure to do your homework: There are tradeoffs you […]