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Secrets to Finding a Trustworthy Property Manager

June 11, 2013 by Marco Santarelli

Property management, in its broadest terms, is the oversight of real estate. This can encompass everything from personal property to capital assets. Property management is a service provided by local businesses who do their best to manage your assets. The current state of the local and national economy will play a huge role in their decision making process. Before you invest your hard earned capital, you have to ask the question – is their personal best sufficient for the betterment of your business?

The question of whether it makes good financial sense is important. Many of the smaller investors just don't have the answer. Lack of knowledge prevents them from bringing on professionals – leaving them to manage the property on their own. Does this short-term savings result in long-term profits?

[Read more…]

Filed Under: Property Management

One-Year Rent Guarantee – Too Good to be True?

May 2, 2013 by Marco Santarelli

Earlier this year Norada Real Estate added a One-Year Rent Guarantee as part of every investment property purchased through their network. The response by investors has been very positive and overwhelming.

A few people made the comment that it sounded, “too good to be true”. In response to those comments, I present the following excerpt from an interview conducted with Robert T. – a landlord with several properties. Rob's properties are protected by the same policy we provide all our investors. Shortly after his policy was placed, he experienced a vacancy and filed a claim. The following is an excerpt of an interview conducted with Rob in February, 2013.

[Read more…]

Filed Under: Property Management, Real Estate Investing, Real Estate Investments Tagged With: Property Management, Real Estate Investing, Rent Guarantee

My Tenant Stopped Paying the Rent – What Can I Do?

February 11, 2013 by Marco Santarelli

Non-payment of rent is a serious problem. It is one of those predicaments that places the landlord in a difficult situation. Moral and ethical values are often challenged by the need to collect the rent. If your only two choices are to evict a family that has fallen on hard times, or to go weeks or months without getting paid, the right choice isn't always obvious. Most landlords have a conscience and genuinely care about the safety and well-being of their tenants. So the challenge is finding a solution that works out well for your tenant, as well as for your bottom line.

[Read more…]

Filed Under: Property Management, Real Estate Investing Tagged With: Property Management, Real Estate Investing, Tenants

Choosing the Right Insurance for Your Rental Property

August 12, 2012 by Marco Santarelli

The number one goal of your rental business should be to make money, not give it away.  One way to protect you and your investment is to have proper insurances in place.  Let me introduce you to four insurances that you should consider.

A Good Lease

The first insurance that I posses is the insurance of a good lease and a thorough move-in inspection. More than once I have referred to the pictures of a move-in inspection to counter a tenant's claim about a pre-existing condition. I remember one time during a preliminary move-out inspection I noted a cracked ceramic floor tile. The tenant claimed that it was like that when they moved in. I turned on my laptop, pulled up the appropriate picture from the move-in inspection, and proved to the tenant that the crack was in fact not there when they moved in.

[Read more…]

Filed Under: Asset Protection, Property Management, Real Estate Investing Tagged With: Asset Protection, property insurance, Property Management, Real Estate Investing, Renter's Insurance, Umbrella Insurance

5 Tips for New Landlords

June 4, 2012 by Marco Santarelli

The constant fluctuations of the housing market can mean many things in terms of property investment, rental rates and the life of a landlord. We know, for instance, that there is a higher percentage of renters in the United States than there has been in quite sometime. But what we haven’t addressed is that there are also more landlords.

Whether you have found yourself in a property investment deal that didn’t go quite as planned or you’ve moved to another house while your old property has sat on the market for far too long, you yourself may have already become a landlord due to a lack of options. The life of a landlord can be financially rewarding, but it can also be complex and draining with many rules, laws and advice to wade through. In this article we want to distill a few of the more important tips that will lead to a better life for both you and your tenants.

[Read more…]

Filed Under: Property Management, Real Estate Investing Tagged With: Property Management, Real Estate Investing

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    February 3, 2023Marco Santarelli
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    February 3, 2023Marco Santarelli

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