April 2, 2015
The devil is in the details, as the saying goes.
Managing your investment property may seem like something you can handle yourself, but there are more tasks involved than you may be aware of, and while some might be apparently minor concerns, you could be letting yourself in for a world of stress and financial hurt if you neglect them. Here are three vital considerations you can’t afford to ignore.Keep Reading
April 2, 2015
If you own an investment property, you might think that you are up to the challenge of leasing and maintaining it yourself. Find someone looking for a house, give them a key, call a plumber every now and then – how hard can that be, right?
Well, actually, it’s nowhere near as easy as it sounds,let's count off the top five signs that the time has come to let someone else take on those headaches.Keep Reading
April 2, 2015
Make no mistake – managing your investment property is a complicated business. If you’re not careful, it can turn into a full-time job.
Here are a few simple steps you can take to streamline the process to give you maximum rental return for minimal effort.Keep Reading
April 2, 2015
Owning a real estate property is only beneficial if you have tenants occupying it.
Without occupants, the cost far outweighs the return and creates problems with your cash flow.Keep Reading
April 1, 2015
When our clients entrust us with the management of their investment properties, we at ABC are committed to giving them the best value for their money,not just in terms of their rental returns, but also in the service that we provide.
Think about who is managing your property now and ask yourself these questions to find out what sort of deal you’re really getting.Keep Reading
April 1, 2015
No doubt one of the considerations that any property buyer will have taken into account is the character of the area in which they are making their investment.
There is an undeniable market for green, leafy suburbs where children can ride their bikes and the elderly can walk down the streets relatively secure in the knowledge that bad things rarely happen here.Keep Reading
December 4, 2014
Ethically speaking, there’s no doubt that it’s painful to see others throw their paper, food containers, and soda cans into the garbage without a second thought.
After all, you hate the idea of harming the planet and not leaving the world a better place for future generations.Keep Reading
October 2, 2014
As the weather cools and the summer months slip away into fall, it is time to hunker down and prepare for winter.
Time to winterize the pool. Leaving the pool open to the elements during the winter is a sure fire way to wreak havoc on its structure and functionality—and cause complaints when the warm months arrive. Here’s what you can expect from your Pasadena property manager so that your pool will be ready for your tenants’ summer activities next year.Keep Reading
July 26, 2014
As much as you hate to allow pets in your rental units, you know you’ll attract more (and possibly better) tenants if you let them bring their pets. But there is a compromise that will keep your property in decent repair and make your tenants happy.
Prevent pet disasters by creating a pet policy. That way you can limit the pets that are sure to cause a disaster and welcome the more low key type without looking like Ebenezer Scrooge.Keep Reading
September 26th, 2014
Have you ever considered investing in a vacation rental property? Does it seem like a good idea but you are not sure about whether it is a smart investment? There are plenty of reasons why investing in a vacation rental might be an excellent choice.Keep Reading
September 20th, 2014
Are your rental properties starting to look a little run down and dreary? Do you want to spruce up and modernize and not spend a huge amount of time and money on major remodeling? Here are some quick, easy ways to improve the value of your property without breaking the bank or your back!Keep Reading
Aug. 25th, 2014
Most property managers have a multitude of maintenance and repair requests coming in every day. Juggling all of these requests can be quite a challenge. Does your property management company know how to prioritize maintenance requests while still tackling all of them in a timely manner?
While some repair requests can be postponed for a short time, others should be addressed quickly. A good property management company will know how to discern between these two situations and will take quick action to handle emergencies first.
August 18, 2014
As a rental property owner, you know how many maintenance issues can crop up on a regular basis. In order to keep your tenants satisfied and protect your investment, you have the responsibility to make sure that these maintenance issues are handled in a timely and responsible manner.
That can be a big job for one person. But if you don’t take care of the repairs and other maintenance issues related to your property, you could lose business and have even more costly repairs down the line.
So what is the solution to this common dilemma? A quality property management company can help you manage your maintenance issues and even reduce future problems and repairs. Here’s how:
August 6, 2014
When you bought the property and the rent started rolling in, you didn’t realize that this landlord thing was going to be so much work. You are constantly calling your property manager to take care of that leaky faucet, flickering light, or broken door.
And that’s just the beginning. Not only do you have a building and tenants to care for, you have green space to maintain. A well-cared for yard, no matter the size, increases curb-appeal exponentially. And curb-appeal attracts the kind of tenants you want to keep around for a while.
These hacks will help you get the most out of your landscaping with a minimum of time and effort.
A lease agreement will keep everyone on track and minimize legal disputes should they arise. Don’t become a landlord without one.Keep Reading
July 26, 2014
You bought the property. You hired a property management company to give it a fresh coat of paint and make some needed updates. You put the “for rent” sign up. As applicants started pouring in and you narrowed it down, you suddenly realized that you don’t have a contract.
While it isn’t legally necessary to have a written contract, it’s a lot harder to backup verbal agreements. Writing it down and signing it will be safer for all. Communicating your expectations on paper will help everyone get along.
There are plenty of templates online that you can use for your contract. But beware, not all of them will meet your needs or cover your bases. You could also go to an attorney to draw one up for you. Whatever you decide to do, be sure you include these 10 things in your contract or you might regret it later.Keep Reading
July 21, 2014
Let’s look at these two statements:
“Purchasing and renting an apartment block was the best thing I ever did. I went on to buy more rentals, quit my job, and am enjoying a great income that is taking care of my kids’ college, my retirement, and annual vacations to Europe.” –Tom (Pasadena, CA)
“I fell into the investment property trap. I poured all my savings into a duplex that turned out to be a money pit. I struggled to find tenants and ended up paying so much in maintenance, taxes, and vacancy that I hardly made any profit. It was a big waste of time and energy.” – Alex (Glendale, CA)Keep Reading
July 17, 2014
Eagar to get someone else to handle those day-to-day tasks that eat up your all your time? Taking care of your property is a big job. A property maintenance crew can take a lot of the little things off your plate so you don’t have to deal with plumbing emergency calls at midnight.
Finding a reliable Glendale property maintenance company is not quite as simple as hiring the first one you run into. Consider the following so you don’t end up regretting a hasty decision.Keep Reading
April 22, 2014
When it comes to property maintenance, it’s tempting to do whatever you can to save a few extra dollars. After all, maintenance costs can be overwhelming. But you should be warned about how it typically goes with maintenance charges: you can pay some now, or a lot later. - See more at: http://managedbyabc.com/property-maintenance-mistakes.html#sthash.RN6Io7Ex.dpuf
ABC Property Management takes property maintenance seriously. We are very careful about who we hire to maintain the properties we manage. As such, we have made a list of mistakes you or your property management team should avoid when it comes to hiring and working with your maintenance company.Keep Reading
April 8, 2014
It’s no secret that recent real estate history has left a lot of people feeling gun-shy and skeptical about real estate investing.
We understand completely. Many companies and individuals lost A LOT of money where property was concerned. Chances are that you, or someone you know, got hit hard.Keep Reading
March 31, 2014
What’s one thing the head honchos in the real estate business in San Fernando have in common? Buku bucks? An awesome reputation? Tons of know-how?
Maybe, but let’s get to the grass-roots. What’s behind all of that?
You betcha: killer property management.
Of course it may sound a little biased coming from a property management company, but the same conclusion would be easy to come to for yourself. Contact just about any real estate investor in the San Fernando Valley who you admire and you will learn that they utilize a proactive property management team. Why is property management in San Fernando (or anywhere else for that matter) so integral to your real estate success? Here are just a few reasons:Keep Reading
March 25, 2014
No, we’re not asking if your experience or interests lie in residential, commercial, industrial, or retail real estate. We are talking about who you are in the real estate investment game. Which real estate personality do you identify with?
As a beginner, real estate investing is both exhilarating and intimidating. You’ve heard about the risks as well as the ample rewards. Now you have to sum it all up and decide how to make a savvy investment without a whole lot of experience to guide you.
You’ve been in the real estate arena for a while and are hopefully enjoying a positive cash flow. But you fear taking big risks because you’ve seen others get burned. Besides, your investment goals may only encompass making a moderate profit to either provide a modest lifestyle or supplement your current income.Keep Reading
March 17, 2014
Investing in a property is a big deal, whether it’s your business, or you just want to supplement your income. It involves a lot of research, decision-making, and of course, capital.
But, we’re preaching to the choir here. No one knows better than you what purchasing your property entailed.
So, what now? If you think that all you have to do is get renters and do a little bit of maintenance, then we hate to break it to you: it’s not that simple. Profitable investments aren’t a slam dunk. You can’t just put in minimal output and expect maximum output.
How do you get your investment property to deliver? The answer is simple: proper property management. Here are 5 reasons why:Keep Reading
March 10, 2014
You’ve invested in property. You have high hopes. You want your investment to do as well as it possibly can and bring in an income that will make it well worth your while.
But, you’re not psychic. You can’t make precise predictions about the housing market.
So what can you do?
Focus on what is in your control. Make sure that your property is marketable and in great condition for years to come. This mostly boils down to great property maintenance.
To understand how to get property maintenance right, you need to know what NOT to do. Here's a quick list to get your thinking kick started:Keep Reading
March 4, 2014
Your investment property is your baby. No one worries more about the care for (and cash flow from) your property more than you. Considering this, it can be hard to trust that your property management team is protecting your investment and helping you make the kind of gain you’re hoping for.
After all, everyone’s got to make money. It’s only natural that your property manager has their own best interests at heart, right?
February 26, 2014
Finding someone you know will look after your best interests and take care of the properties you assign to them is easier said than done. Before you start the process of locating a trustworthy property manager, you first have to admit to yourself that you can no longer handle these responsibilities on your own.
This fact is especially true if you’re looking to expand your property portfolio. Here are tips on how to find the right property manager.Keep Reading
February 11th, 2014
Real estate is often seen as a sound investment. Sometimes the real estate market falters, leaving investors wondering what will happen.
A slumping real estate market should make you want to pursue alternative opportunities. Buying and selling properties might not be as sound of an investment as it was in the past. You have to find the right markets in order to turn that venture into a plausible scenario. Since it’s so difficult to buy properties these days, more and more people are going for rental units.Keep Reading
February 3rd, 2014
Running a property management company is more challenging now than ever. The amount of information that’s available for every property is unparalleled.
You have to make sure that your properties are in the best possible condition. The public will use the depth of your property portfolio as a way to judge your worth as a property management company. The size of your property portfolio has nothing to do with it.Keep Reading
January 21st, 2014
Distressed properties are the ones that will likely get you the highest return on investment. They pose a distinct challenge to everyone involved, especially people who have a hard time determining how much will be spent on the rehabilitation of a property.
As you’re rehabilitating a property, you will notice that the price tag for the whole process climb higher as time goes on. You can do certain things to cut down the amount of time you’re working on a property. In many case, the phrase “time is money” is more than just a cliché in the world of real estate investment.Keep Reading
January 19th, 2014
Making the decision to get involved in the world of property management should come without a certain degree of trepidation. At the onset of your property management career, you might have a hard time choosing properties that will give you the best return on investment.
You have to venture in the world of distressed properties in the hopes that you will find one that you can rehabilitate to maximize profits. In order to succeed in this regard, you need to have the right people with you that know how to get the job done right the first time.Keep Reading
January 16th, 2014
The world of investing in real estate doesn’t come without its share of hiccups. You have to go through some ill-advised investments before you get to the point where your choices are sound. If you want to invest in distressed properties, you have to make sure that you have the help lined up to assist you in completing the rehabilitation process.
You might believe that you have the time and expertise to get the repairs done right. In reality, the chance that you will make mistakes is too high for you to risk it in this situation.Keep Reading
December 26th, 2013
As with your own home, your Alhandra investment property should be a profitable belonging in which you take pride, and for which you care. Each property has different property management needs, but there are some standard property maintenance practices that will benefit you and anyone else who owns an investment property.
In our book, here are 5 property maintenance essentials you should adhere to in order to reap the greatest benefits from your investment property:Keep Reading
December 16th, 2013
Let’s face it, the economy has been struggling and the housing market has had a hard time recovering. As with any investment, investing in property will always carry risks, and the right time to invest is never certain. So, you need to make sure you invest your property in the right places.
Just where are the right places for property management and investment? We’ve compiled a list of 5 cities in LA County where you can be sure your investment property will always be in demand:Keep Reading
December 11th, 2013
Here are 3 upgrades that will boost the perceived value of your property, allowing you to demand a competitive price and ensure that your investment property never stands vacant:So how do you convince renters or buyers (and the right kind) to choose your property?
It’s simple—you ensure your property sells itself, which means it needs to make great a first, and lasting, impression.Keep Reading
December 4th, 2013
Have you ever considered investing in property in Glendale, CA? We assure you, owning property in this city is highly worth your while.
We’ve compiled a few reasons you may want to consider investing in this gem of place:Keep Reading
November 19th, 2013
Any seasoned owner of an investment property will tell you that property maintenance can make or break your profit. Here are 3 savvy maintenance tips that will save you money and ensure your property is a place your tenants are happy to call home.
Using long-lasting, low-maintenance materials may sound like an obvious choice, but you would be surprised how many owners of an investment property opt for cheaper, less durable materials to keep initial costs down.Keep Reading