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Archive of Drew Sygit

Drew is the manager of Royal Rose Property Management, a fairly high-tech solution for Detroit Metro area property owners & investors.

Drew has written 25 articles for The BiggerPockets Blog.


Landlording and Rental Property Investing*

The Landlord’s Guide to Effective (& Legal) Tenant Screening

by Drew Sygit October 16, 2014
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The word “discrimination” has gained a bad flavor in American mouths in the past fifty years or so — but stop and think about it. We celebrate it when a chef has a discriminating palate or when a business man has a discriminating taste in suits. To discriminate literally just means, “to decide which of […]

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Landlording and Rental Property Investing*

6 Common Application & Screening Mistakes Property Managers Make

by Drew Sygit October 12, 2014
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It’s time for the second installment of Property Management Mistakes! Earlier, I covered 6 Common Advertising & Showing Mistakes Property Managers Make. Today we’re talking about how easy it is to screw up the process of taking applications and screening tenants. This is one of the most important parts of being a landlord — being […]

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Business Management & Productivity*

6 Common Advertising & Showing Mistakes Property Managers Make

by Drew Sygit October 8, 2014
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Salutations, readers! It’s time to take an in-depth look at some commonplace and avoidable mistakes that property managers make on an all-too-often kind of basis. This will be an ongoing series — because there are a lot of mistakes you can make when you manage properties. Today, we’re going to start with the beginning: getting […]

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Market Trends, Data, News & Commentary*

Can The Apartment Market Continue to Boom?

by Drew Sygit October 1, 2014
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Multifamily rentals — by and large, “apartments” — are strong and not showing any signs of slowing down. Axiometrics, a research firm that studies apartment rentals across the United States, released a statement in May that pointed out that apartment rent growth in April had reached a peak higher than it had achieved since the […]

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Business Management & Productivity*

5 Ways to Stand Above the Competition as a Property Manager

by Drew Sygit September 27, 2014
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A huge part of being a property manager is learning how to market yourself and your company. You have to do it twice, after all: once to your client owners, the property owners who allow you to look after their buildings, and once to your client tenants, who live in those buildings. For all that, […]

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Landlording and Rental Property Investing*

4 Foolproof Steps to Painlessly Resolve Tenant Complaints

by Drew Sygit September 24, 2014
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If you manage properties, there’s one thing that absolutely will happen, no matter how amazing you are at your job: someone somewhere will complain about something. Even the world’s most pleasant people are destined to come across something over a year or more of tenancy that they’re not completely happy with — and that’s a […]

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Investor Financing and Creative Real Estate Strategies*

The Pest Clause: A Small Lease Addition to Avoid a Big Headache

by Drew Sygit September 17, 2014
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There are a lot of clauses in any given lease, and some of them are obviously more or less business-impacting than others. Your late-rent clause, for example, is one that always gets plenty of attention. But are you aware of how much of a pain in the neck your pest clause (or lack thereof) can […]

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Business Management & Productivity*

The New Trend That May Convince You to Try Your Hand at Property Management

by Drew Sygit September 10, 2014
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The Great Recession ended, according to U.S. economists, five years ago — so we can all stop worrying about the state of the economy now, right? Riiight. No matter what the economists tell you, the real estate market may be on the rise, but that’s only because it was beaten down so dramatically. Rewind to […]

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Investor Financing and Creative Real Estate Strategies*

Why Annual/Term Leases Win Out Over Month-to-Month (Almost) Every Time

by Drew Sygit September 3, 2014
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We’ve always been a proponent of term leases, so our viewpoint might be a bit biased, but hear us out. Over the years we’ve met many landlords that are adamant about month-to-month (MTM) leases and believe they are the way to go. We’ve also taken over the management of many properties where the DIY owner […]

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Business Management & Productivity*

Property Manager Marketing: Can You Relate?

by Drew Sygit August 27, 2014

Way back in Part I of this short series, we mentioned that part of property management marketing was the ability to create an implement marketing materials that moved customers along each of the stages laid out in Part II. For review, those stages were: Face in the Crowd Lead Prospect Client Fan And in each stage, there was […]

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Business Management & Productivity*

Property Manager Marketing: Who Are They To You?

by Drew Sygit August 20, 2014
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In Part I (“Your Perfect Client”), we went over how to establish a business-relevant, realistic portrait of the ideal investor who wants your services. Today, we’re going to talk about some relationship marketing — in other words, what the stages of interaction with such an investor are and how to establish when an investor is […]

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Business Management & Productivity*

Property Manager Marketing: The Perfect Client

by Drew Sygit August 13, 2014

Property managers spend a lot of time marketing — but they spend most of that time marketing their existing properties to potential tenants. Quite often, marketing their services to property owners is a bit less mission-critical, so it gets overlooked. This short series on property manager marketing is intended to help property managers out there […]

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Investor Financing and Creative Real Estate Strategies*

Excerpts From Our Best Lease Clauses

by Drew Sygit August 6, 2014

We’ve inherited a lot of leases over the years when taking over the management of properties from stressed out Do-It-Yourselfers and competitors. Most of them were…OK…but a surprising number had at least one issue that stood out to us as a red flag: something that could potentially cause serious trouble, either legally or financially, down […]

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Landlording and Rental Property Investing*

How to Be Reasonable As a Landlord With Apartment Wear and Tear and Security Deposits

by Drew Sygit July 30, 2014

How do you go about determining what damage a tenant was responsible for after they move out? There is always damage — that’s not a question. But it can be surprisingly difficult to determine, for example, whether water damage to a windowsill was caused by a spill that was left untended or by natural condensation […]

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Business Management & Productivity*

The 4 Things Your Property Management Website Needs To Do

by Drew Sygit July 23, 2014
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A website is an absolute must for a property management firm. Without one, you’re essentially advertising your backwardness to the younger, tech-savvy generation of renters — and you’re making it unnecessarily difficult for owners to find you and hire you. The 4 Things a Property Management Website Must Say But just having a website isn’t […]

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