Property Management Blog

Why Is A Lease Renewal Fee Charged?  A lease renewal fee is typically less than a leasing fee because it involves renewing your current tenant’s lease agreement after reviewing tenant payment history and other criteria, like reviewing inspections of the unit to make su...

High Rents in Chester County to Positive Cash Flow Typically, it takes some time to cash flow property. But the rental market is just as hot as the sales market. Rents are high and they’re climbing even higher. On average, rental values are up 30 percent. You’re going...

Getting permission to leave a tenancy Tenants should try to negotiate with their property manager if they are unable to continue the tenancy.  The landlord will often try to come to a mutually acceptable way of ending the tenancy. The landlord may agree to release the tenan...

Why is a Property Management Agreement Important? You may be wondering, why do I need a property management agreement? As with any contract, a Property Management Agreement protects both parties by defining roles and responsibilities. Whether you have one rental or several hundr...

Why do I need a move-in checklist? Before tenants start unpacking their boxes and settling into their new rental property, there’s one very important document that needs to be completed, the move-in checklist. A move-in checklist also called an apartment inspection checklis...

How Much Should I Charge for Rent? How is the potential rent determined? You are going to need to make an informed guess. Don't get carried away with overly optimistic assumptions. Setting the rent too high and ending up with an empty unit for months quickly chips away at the...

2 KEY THINGS TO LOOK FOR IN A PROPERTY MANAGEMENT COMPANY If you decide to hire a property management company, what should you look for? There are many factors to consider, but here are 2 of them: There are many types of property management companies. Some specialize in:Comm...

SHOULD I RENEW MY TENANT’S LEASE? When you renew your lease, you’re able to keep good tenants that pay rent on time, take care of your property, and are easy to work with when handling maintenance. Lease renewals also help you avoid long periods of vacancy, which...

Should I Allow Pets in My Rental Property? Since we constantly hear about all of the problems animals cause for landlords, you may not be as familiar with the benefits of allowing your tenants to have pets. Larger Prospective Tenant Pool: Firepaw.org states that almost 50% of re...

Best Ways to Get Rental Security Deposits BackMost tenants strive to get their rental security deposits back after their lease term. After all, it’s money that you paid originally and have the chance to get back. That said, there are many things you can do to ensure you get...