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Change Management: Getting It Right
Change management is something many companies may face
throughout their existence. Whether something simple or a
complete change, various things can be done to allow for a
successful change. Management of the change effectively will
allow for...
Debt Negotiation Vs. Debt Management
Debt negotiation and debt management/consolidation both help
consumers pay off their debts through two different approaches.
Each affects your credit score, payoff period, and taxes
differently. Before choosing either options, be sure...
Los Angeles County's Tough Telecom Expense Management Standards Met
Call accounting and tracking system helps County with cost
allocation
Los Angeles County's two-month search for a turnkey call
accounting and tracking system to control telecom expenses in
over 125 County locations ended in a contract with...
Meeting Your Bandwidth Requirements For Supply Chain Management Applications
In today's business world it is critical for companies to deploy
supply-chain management (SCM) systems to enhance efficiency
across the product lifecycle by streamlining procurement,
production, fulfillment, and distribution processes....
Top Six Reasons to Buy Rather Than Build an Inventory Management Solution
Is building your own inventory management solution really your best bet? The issues that companies face when they decide to build a solution in house are numerous: Scarce development resources, project cost overruns, delivery delays,...
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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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