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Get Your Feet Wet With Time Management!
Since the early days of the cyberspace, finding hints on time
management got much simpler. Do you recall the time as you had
to look into a dictionary if you wanted to find anything
appropriate to time management? I bet I hit the nail on...
Project management best practices
As both an active project manager and a project management
trainer, people often ask me what are the fundamental aspects to
successful project management. Whilst there have been many great
books written on the subject, I always summarise what I...
Strategic Planning Steps For Optimum Business Management
Strategic Planning Steps Overview
The Strategic Planning Steps philosophy/business system is an
organizational tool that is used by groups and corporations
globally to refine their goals and maximize their resources.
Drawing from the...
The Challenges of Human Resource Management
Introduction
The role of the Human Resource Manager is evolving with the change in competitive market environment and the realization that Human Resource Management must play a more strategic role in the success of an organization....
Time Management Tips for Managers
Late last year I was presenting a workshop for the senior managers of a major organisation. Whilst doing a pre-workshop survey to assess the challenges these managers were experiencing it became very apparent to me that many of them were showing...
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Property Management Company - Hiring One
Hiring a property management company is a great idea if you have
even a small apartment building. Having someone taking care of
all the small details of a rental property means you'll have
more time to find the next good investment. Also, trying to do
it all yourself is the surest way to make your real estate
investment experience a bitter one. To find a good property
manager, ask the following questions.
1. Other properties they manage? It's best if they have rental
properties that are similar to yours. You can also drive by
their other properties to see how they are maintained.
2. The fee? They vary around the country from as low as 4% of
gross rents for larger buildings, to as high as 12% for single
family homes. Be sure the fee is clearly stated and understood.
3. Extra costs? Are showings extra? Do evictions cost extra
(beyond the legal fees)? Any other extras?
4. Who actually handles your property? It's best if one person
handles your building all the time, and has some experience. Get
their name.
5. How and when is the fee collected? Will you be billed, or
will it be deducted from your account directly? Monthly?
Quarterly?
6. Type of
Associated Websites
advertising? Exactly how will they advertise the
units and what will it typically cost you?
7. Time and cost to prepare units? What's the typical cleaning
fee on a vacancy, and how long will it normally be before it's
rented out again?
8. Type of accounting? Which types of reports do they send, and
how often? How are accounts set up?
9. Their hours of operation? What are their business hours, and
who takes weekend calls?
10. What needs owner approval? What dollar amount needs your
authorization, and is this negotiable?
You should ask other questions, based on your particular needs
and the particular property. Be sure to ask everything up front,
and you'll have fewer misunderstandings, and a good manager.
Real estate investing and being a landlord is a lot less
stressful with a good property management company.
About the author:
Steve Gillman has invested in real estate for years. To learn
more, get a free real estate investing course, and see a photo
of a beautiful house he and his wife bought for $17,500, visit
http://www.HousesU
nderFiftyThousand.com
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