Property Management Blog

By Tim Harstead - Thursday, March 14, 2024

Is Outsourcing Your Tenant Screening Process a Good Idea?

Imagine polite tenants who always pay rent on time, respect the neighbors, and take care of your property. They're not a dream! With applicant screening services, you'll have no trouble choosing reliable renters.About 90% of landlords complete some form of tenant screenin...

By Tim Harstead - Thursday, March 7, 2024

5 Top Tips for Accidental Landlords

A recent study found that 68% of investors plan to leave real estate to their heirs. 56% of them have never told their heirs about these plans.This leads to a rise in accidental landlords who receive and must manage a rental property. This may also happen to owners who can't ...

By Tim Harstead - Sunday, February 25, 2024

How to Keep Great Tenants in Your Investment Property?

Finding good tenants is one of the hardest parts of owning rental properties. Once you find reliable and trustworthy renters, you'll want to retain them for as long as possible.When your tenants are happy, your investment property business will thrive. You'll see a consta...

By Tim Harstead - Sunday, February 18, 2024

The Top Features to Look for In a Tenant Portal

Since the average American now spends 5 hours and 24 minutes on their mobile device every day, many of them prefer to pay their rent and access information on their rentals online. Adding an online tenant portal can be a great way to improve the tenant experience.If you're tr...

By Tim Harstead - Sunday, February 11, 2024

How to Save Money on Property Maintenance: Tips and Tricks

Budgeting for property maintenance doesn't have to be difficult. A good rule and strategy to follow is the 50% rule.Every month, you should save around half your rental income for house maintenance. This will set you up for success.If an unexpected expense comes around, you&#...

By Tim Harstead - Sunday, February 4, 2024

Signs You Need to Hire a Property Management Company

Are you drowning in tasks related to your investment property? Are you finding it hard to manage your rentals on your own?Well, you aren't alone. Less than 50% of property investors manage their rental units.There are numerous reasons why you should hire a professional, ...

By Tim Harstead - Sunday, January 28, 2024

Rental Apartments vs Rental Homes: Which Should You Invest In?

Are you trying to decide whether rental apartments or a home investment is the right choice for you?If so, we’ve put together this article to answer all your queries.Real estate is one of the most sought-after careers in the 21st century. Since the global pandemic, the U.S....

By Tim Harstead - Sunday, January 21, 2024

5 Things You Should Know About Lease Renewals

When a tenant has found a property they love to live in, the last thing they're considering is moving out. This means when it's time for lease renewals, they're hoping they're one of the tenants you want to renew.However, as a property management company, lease re...

By Tim Harstead - Sunday, January 14, 2024

Can a Property Management Company Help Collect Rent From Tenants?

Naturally, as a landlord, you try to collect as much as possible for every unit you rent. After all, the rent money pays the bills.But collecting rent isn't always a straightforward process. You might have tenants who won't pay. You might also have some that require some ...

By Tim Harstead - Sunday, January 7, 2024

How Real Estate Can Add Passive Income to Your Portfolio

How do you translate your real estate investments into passive income sources? To help you get started, here are some tips to help you start bringing in rental income in the Chicago area.Buy a Turnkey Property for Immediate Passive IncomeIf you want to start generating income fro...