Posts tagged as:

property management

Real Estate Investing

Investment Property Nightmares: How to get rid of that smell!

by Winston Westbrook | September 7, 2009

I purchased my first investment property in Victorville, CA. It was an REO that looked ok on the outside but I had no idea what I was going to find inside. When I opened the door to take a look inside I couldn’t believe anyone could live in such conditions. The place looked and smelled like a garbage dump. I am not kidding, it literally looked like one. Roaches would cascade down doors I opened them up. I think they were upset that I disturbed their sleep, lol. The previous owners pets no doubt had full range of the house, but especially in this one particular front bedroom. The smell of urine was so bad you needed a gas mask. Even though the property was in need of many repairs it was still a great investment.

The Battle to Clean this Investment Property

I ended up purchasing the property and began to gut it out. I removed all the carpet and hauled out all the trash. The smell began to lighten up around the house but this front bedroom still had that awful smell. I thought that by taking the carpet and padding out it would of solved the problem, but I was dead wrong.

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Real Estate

“Weeds with Fruit”

by Brendan O'Brien | June 20, 2009

I have grape vines, apple trees, blueberry bushes and strawberries in my backyard garden, but my favorites are the strawberries. They are so easy to manage! They don’t require weeding, pruning, or spraying. They don’t get wiped out by high winds. They spread naturally without need for additional planting (put in [...]

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Landlord Tenant

Questions to Ask a Property Manager: Part 3 of 3

by Brendan O'Brien | December 27, 2008

Here is the third and last installment of “Questions to Ask Your Property Manager.” I am providing answers to some of the questions. However, in some cases, there is no one “right” answer. Actually, this was illustrated by the last installment, published three weeks ago. I had suggested that it is [...]

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Landlord Tenant

More Interview Questions For A Property Manager (And Some Answers)

by Brendan O'Brien | December 6, 2008

When I put up the first group of questions you should ask a prospective property manager, one commenter asked: what are the correct answers?He had a point and so I’m going to review some of the answers to last week’s questions first before I hit you with a few more questions.I am also thinking of [...]

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Landlord Tenant

Some Questions To Ask A Property Manager

by Brendan O'Brien | November 28, 2008

This started out as “Some Questions to Ask Your Property Manager.”  But if you’ve already hired a property management company, you’re a bit late – you want to ask these questions before you make the hiring decision.   You may even want to ask them before you settle on a property purchase.
In some cases, you’ll hire [...]

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Commercial Real Estate

Apartment Building Management Tips

by Ted Karsch | June 2, 2008

The success and profitability of an apartment building investment can often be determined by the quality of the management in place.
Usually apartment buildings with more than 20 units are managed by professional property management companies and those buildings with fewer than 20 units are usually managed by the owner and a live in [...]

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Commentary

A Rental Property Management SNAFU Story

by Joshua Dorkin | July 12, 2007

I’ll get into more details at another time, but I thought many of you would be interested in this situation . . . I have a few multi-family properties out of state and have used a management company to operate them. To date, this company has done a phenomenal job managing the properties, but [...]

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Landlord Tenant

Things to Consider when Interviewing Property Management Companies

by Joshua Dorkin | October 7, 2005

Picking a great property manager for your rental properties is one of the most important tasks you’ll undertake, once you’ve actually found a good rental. In searching for a manager, you’ll want to do a thorough interview, and in doing so, you should be able to figure out if they are worth working with. [...]

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