Real Estate Rental Property Management Articles

Rental Property Management

Draft an Addendum to the Lease When Selling an Occupied Rental House
When it comes to selling an occupied rental house you should first address the feasibility of marketing the property while the current residents are in possession.  The first step for making this determination is by inspecting the house for cleanliness and showability.  If the residents are not capable or are unwilling to keep the house in reasonably showable condition, then efforts to sell the property should be postponed until possession has been obtained and market preparation of the house has been completed.   If this first test has been passed it is then critical to establish an addendum to the lease with the resident which specifically addresses the following mutual areas of concern: Read more . . .
By: Rob Massey, Jr., CPM

Reluctant Landlords
Since most of the country has been experiencing a significant real estate sales slow-down over the last year or so, many of us are now being called upon to rent and manage houses for owners who really would rather sell their properties.  If we are accustomed to working with investor-clients, then we need to be aware of the new challenges facing us should we choose to represent these reluctant landlords.  As property managers we should also be prepared to inform these unseasoned soon-to-be landlords about the realities of renting out their personal homes. Read more . . .
By: Rob Massey, Jr., CPM

Spring is in the Air
Yes, the Forsythia has bloomed, the Pear trees have blossomed out, tulips are punching their way through the ground and the Dogwoods can’t be far behind.  Spring is definitely in full swing in the eastern U.S.  With the awakening of the trees, grass and flowers comes a stronger rental market in most areas of the country.  It’s a great time to take a closer look at the outsides of our rental properties, particularly the vacant ones. Read more . . .
By: Rob Massey, Jr., CPM