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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 15 articles for The BiggerPockets Blog.


Real Estate Investing

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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Rental Properties

Property Manager Marketing: The Perfect Client

by Drew Sygit August 13, 2014
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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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Rental Properties

Excerpts From Our Best Lease Clauses

by Drew Sygit August 6, 2014
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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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Rental Properties

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

by Drew Sygit July 30, 2014
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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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Technology & Social Media

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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General Real Estate

How to Be A Prepared Property Manager in 6 P’s

by Drew Sygit July 16, 2014
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Proper Prior Planning Prevents Poor Performance Are you prepared? Every property manager (or managing owner) works constantly on keeping their tenants prepared for the events that could occur while they live in our properties. We help them plan their rental payments, report maintenance needs, handle emergencies, acquire insurance, check their smoke and carbon monoxide alarms, […]

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Rental Properties

When Going “Green” Counts: 7 Ways to Save Money on Your Rentals Through Water Conservation

by Drew Sygit July 9, 2014
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Many landlords pay the water bills for their tenants, which means most landlords really like it when their tenants don’t use a lot of water. That puts them in the rare position of being right in line with the green crowd who wants to save the Earth. The problem, naturally, is getting them to actually […]

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Rental Properties

How to Keep Your Tenants from ‘Breaking Bad’ in Your Properties

by Drew Sygit July 2, 2014
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One of the most popular shows on TV ended last September — Breaking Bad, a show about a teacher who gets into such dire financial trouble that he resorts to cooking meth for cash. While a lot of people were sad to see the show end, those of us who rent out property in less-than-sterling […]

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Real Estate Investing

What Property Owners and Managers Need to Know about Risk Management

by Drew Sygit June 25, 2014
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‘Risk management’ — the term brings up different ideas in different people. But no matter who you are or what you do, effective risk management consists of two primary activities. You look forward with an eye toward what unforeseen events can do to your business, and you do what you can to mitigate the effects […]

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Real Estate Market

Affording Rent is Becoming More and More Difficult – Could This be a Warning of Another Crash?

by Drew Sygit June 12, 2014
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It’s easy to get the impression that it’s a great time to be a home buyer right now. APRs are still quite low, home prices are rising slowly but are still relatively low as well. The National Association of Realtors touts the awesome opportunities every other week in some news release. And generally, when the […]

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Rental Properties

The Professional Tenant – Just How Painful Can Evicting One Tenant Be?

by Drew Sygit June 4, 2014
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Let’s tell a short story. The Tenant from Hell Imagine a lovely little old lady in her ’70s wants to rent from you. Her application is flawless, her rental history sparkling, and she has a credit score in the 700s. You rent the top floor of a duplex to her, and for a few months, […]

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Technology & Social Media

Social Media Is Not a Growth Strategy For Real Estate Investors

by Drew Sygit May 21, 2014
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Property management companies — and pretty much everyone, actually — is all a-twitter about social media these days. There’s nothing wrong with social media as part of your overall business plan; the fact is that social media can do a lot of good if it’s properly managed. But there are a few massive misconceptions about […]

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Real Estate Investing

Things to Consider Before You Buy That First Multifamily Building: Managing Property Management

by Drew Sygit May 14, 2014
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This three-part set of blog posts looks into the factors that you ought to consider before you buy your first multifamily rental. Part I (Click here to read)  was about the fundamental economics of the purchase: will it make you reasonable money within a reasonable timeframe? Part II (click here to read) was about the property & people you expect to […]

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General Real Estate

Things to Consider Before You Buy That First Multifamily Building: Analyzing the Property & the People

by Drew Sygit April 30, 2014
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In this three-part series (Click here to read part one), we’re looking into factors that you need to consider before you purchase your first multifamily building to rent out. In Part I, we considered factors in finding a building, and what to analyze. Here, we’ll get into a few more practical concerns you should plan […]

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Starting Out

Things to Consider Before You Buy That First Multifamily Building: Finding The Perfect Deal

by Drew Sygit April 16, 2014
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Purchasing a multifamily building or apartment isn’t as simple as buying a neat little home and renting it to a single person or family. It can, however, be extremely more profitable when it’s done right. Even if you’ve purchased single family structures in the past, this time your tenants are going to be living right […]

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