http://www.biggerpockets.com/articles/19/category BiggerPockets Property Management Articles http://www.biggerpockets.com/articles/1457 Due to the poor economy, the foreclosure crisis and a growing amount of owner delinquencies, community associations are considering ways to lower their expenses in ways that would not be considered before http://www.biggerpockets.com/articles/1457 http://www.biggerpockets.com/articles/1382 The good news is that in this day and age, there are a number of options for keeping tenants updated about property events and updates on a real-time basis. Now it’s up to you to identify the mode of communication that works best for all of your tenants … and for you. Following are a few of your best communication bets and some tips for determining which ones will work best for you and your tenants. http://www.biggerpockets.com/articles/1382 http://www.biggerpockets.com/articles/1356 When it comes to selecting an investment property, there are a few issues that every landlord must take into account. No matter how wonderful a property is or how eager you are to invest, never make a property investment without carefully evaluating the following items on your property investment checklist. http://www.biggerpockets.com/articles/1356 http://www.biggerpockets.com/articles/1342 Better safe than sorry. Sure, it’s trite … but it’s also true. Every property manager should consider a well thought out emergency plan to be an essential part of his property management duties. In an ideal world you will, of course, never have to use it. However, should you ever find yourself in an emergency situation, an emergency plan may literally mean the difference between life and death for your tenants and between a property making it through an emergency episode intact or not. http://www.biggerpockets.com/articles/1342 http://www.biggerpockets.com/articles/1326 At the heart of it all, property management involves dealing with people. If you own your own property, you’re working with tenants, potential tenants, contractors, and real estate agents on a regular basis. And if you’re managing someone else’s property, you’re dealing not only with this cast of characters, but with the property owner as well. http://www.biggerpockets.com/articles/1326 http://www.biggerpockets.com/articles/1235 Having a good stable of contractors at your disposal is one of the more underrated tools for property management success. Following are some points to consider and a few tips for finding contractors that will make you (and your property) look good. http://www.biggerpockets.com/articles/1235 http://www.biggerpockets.com/articles/1206 Although converting a unit into a larger (or different) space may be cheaper than purchasing a new property that fits your expanding investment property needs, it’s nonetheless a huge undertaking, both in terms of logistics and expense. If you’re thinking about a conversion, make sure that you carefully consider three important questions: Why? When? How? http://www.biggerpockets.com/articles/1206 http://www.biggerpockets.com/articles/1187 When it comes to locating the investment property that’s right for you, you’re shopping not only for the perfect property but also for the neighborhood that best suits your financial goals. In fact, before you even beginning to hone in on potential properties, it’s wise to first narrow your options by targeting a few specific neighborhoods in your desired area of purchase. http://www.biggerpockets.com/articles/1187 http://www.biggerpockets.com/articles/1179 It goes without saying that selling your property is a large undertaking. Arming yourself with as much information as possible, surrounding yourself with knowledgeable professionals, and exercising due diligence when it comes to pre-sale property preparation can make all the difference in the world between a smooth, profitable sale and a stressful selling experience. http://www.biggerpockets.com/articles/1179 http://www.biggerpockets.com/articles/1168 Chances are every landlord will encounter a problem tenant at one point or another in his career. Whether issues arise based on noise levels, delinquent rent payments, illegal roommates, or any number of other violations, dealing with problem tenants can be tricky. Following are some tried and true suggestions for dealing with issues as effectively as possible and—better yet—avoiding renting to problem tenants in the first place. http://www.biggerpockets.com/articles/1168