Real Property Management Chicago

NOVEMBER 8, 2024

Distinguishing when a job requires a licensed contractor is sometimes complicated to decipher. Additionally, the best property managers interact with contractors who authenticate themselves as trustworthy service providers. But beyond that, it can be hard to tell who to call when disaster strikes.

Professional Property Management 243

Professional Property Management Property Management Property Manager Management 243

SparkRental

NOVEMBER 28, 2024

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

Contractors 52

Contractors License Real Estate Insurance 52

BiggerPockets

AUGUST 5, 2022

Not knowing how to deal with a bad contractor can cost you thousands, if not tens of thousands, on a single deal. The wrong contractor can cause months more of […].

Contractors 68

Contractors Real Estate 68

Real Property Management Choice

MARCH 27, 2020

A particularly difficult challenge of investing in Inglewood single-family rental properties can be hiring capable, reliable contractors for your property improvements and repairs. Investors will want to invest in hiring a contractor that provides high-quality work. You can also research potential contractors online.

Contractors 52

Contractors License Property Management Property Manager 52

BiggerPockets

MARCH 19, 2024

Make sure you don’t overlook the tenant screening process or hire the “cheap” contractor. Want a successful, cash-flowing rental property? Otherwise, you could be dealing with floods, evictions, project delays, […]

Contractors 58

Contractors Tenant Rental Property Property 58

Mem Property Management

JULY 29, 2024

Different skill sets are required based on the area of need, so it’s important to be mindful of the contractor you use to get the job done. Let’s go over the top factors to consider when hiring a contractor to work on your HOA. Ask Questions Be sure the contractor is knowledgeable in the area of work you need.

Contractors 52

Contractors License Insurance Maintenance 52

Appfolio

AUGUST 7, 2020

As a property manager, you also have to make sure contractors get paid and expenses are tracked. Rather than hiring a contractor every time something needs to be fixed, or constantly having to check up on all your properties, it is often more cost-effective to hire a regular maintenance technician. Back to Top. Back to Top.

Property Maintenance 363

Property Maintenance Maintenance Single-Family Home Property 363

Real Property Management California Coast

JUNE 2, 2023

Hiring competent, trustworthy contractors to handle your property improvements and repairs can be one of the most difficult aspects of investing in Torrance single-family rental homes. Few investors have the time or resources to hire a contractor who consistently delivers subpar results.

Contractors 52

Contractors Property Management Property Manager License 52

Real Property Management DC Metro

JUNE 2, 2023

Hiring competent, trustworthy contractors for your property improvements and repairs can be one of the most difficult aspects of investing in Brookland single-family rental properties. Few investors have the time or resources to hire a contractor whose work is merely substandard. Has the price remained the same?

Contractors 52

Contractors Real Estate Broker Litigation Property Management 52

Buildium

NOVEMBER 5, 2024

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.

Property Management 227

Property Management Property Manager Management Property Management Software 227

Buildium

DECEMBER 17, 2024

Deductions on Employees and Independent Contractors If you hire one or more employees to help you with your property management business, your payroll and other costs, such as health insurance and other benefits, are fully deductible.

Property Management 246

Property Management Property Manager Management Property 246

Fourandhalf

OCTOBER 10, 2024

You can connect with marketing professionals, software developers, painting contractors, repair contractors, property management staffing services, home maintenance service providers, pest control solutions, tenant screening services, and property inspection services, and many more.

Property Management 179

Property Management Property Manager Management Residential Property Management 179

Buildium

DECEMBER 30, 2024

Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible. When you hire an independent contractor, that cost is deductible, too.

Property Management 245

Property Management Property Manager Management Property 245

Florida Property Management

NOVEMBER 20, 2020

Smart investors know that screening the maintenance contractors who work on your property is almost as important as screening the tenants who live there. At Florida Property Management Services , we have the benefit of working with some of the best local vendors and contractors. Visit their website and see if they have any guarantees.

Contractors 52

Contractors Maintenance Rental Property License 52

Bay Property Management Group

NOVEMBER 15, 2024

FAQ Who finds the contractors for repair and maintenance work? They’ll have a list of contractors they work with or look for a contractor as needed. If tenants or owners have had a great experience with a contractor, they can always have the property manager keep them on the list. Can I make a tenant pay for repairs?

Property Management 130

Property Management Property Manager Management Contractors 130

Real Property Management Evertrust

DECEMBER 6, 2024

All maintenance visits need coordination between you, the tenant, and the service provider or contractor. Strong communication is necessary because maintenance for occupied properties typically involves three parties. Involving tenants in the maintenance process through consistent communication and feedback can make the process smoother.

Maintenance 246

Maintenance Property Property Management Property Manager 246

American Apartment Owners Association

DECEMBER 18, 2024

On the other hand, activities like communicating with tenants, overseeing contractors, and performing repairs are generally eligible. Supporting evidence like receipts, emails, and contractor invoices adds another layer of credibility to your claim. Its important to note that not all activities count toward material participation.

Real Estate 244

Real Estate Single-Family Home Contractors Rental Property 244

BiggerPockets

APRIL 21, 2024

But an investor-friendly agent—one who will find deals for you, run the numbers, hook you up with contractors, and help you […] Everyone knows how to find a real estate agent.

Contractors 92

Contractors Real Estate 92

Real Property Management Evertrust

NOVEMBER 22, 2024

Cooperate with your insurance company and reputable contractors to make sure fixes are executed correctly. This should cover any damage to structural elements, drainage system and electrical wirings, and other major systems. As needed, submit insurance claims right away and keep comprehensive records of the damage and the repairs.

Rental Property 244

Rental Property Management Insurance Property 244

BiggerPockets

MARCH 27, 2024

You need to choose the right market, negotiate a competitive price, work with the best contractors, and get an agent to help you sell for a profit. There’s a lot that goes into house flipping. On top of that, a defined accounting strategy for house flipping is critical to your long-term success. Here’s how to create one.

Contractors 92

Contractors 92

ADDA

NOVEMBER 29, 2024

Data and Record Management: Maintaining accurate logs of visitors, deliveries, and contractor details is often challenging. These systems should also include provisions for contractors, delivery personnel, and staff. Lack of trained personnel and unmaintained safety equipment can delay responses and increase risks.

Management 130

Management Contractors Education Apartment 130

BiggerPockets

JULY 28, 2024

Every real estate deal is hard work, whether your investing strategy is house flipping, buy and hold, or even wholesaling. If your goal is to not only get a great […]

Contractors 58

Contractors Real Estate Management 58

BetterWho

DECEMBER 3, 2024

Work with Trusted Vendors : Build relationships with reliable contractors to ensure quality service. Efficient Maintenance Strategies Regular upkeep is the backbone of successful property management. Schedule Routine Inspections : Use the best property manager apps to track and schedule maintenance tasks.

Property Management 246

Property Management Property Manager Management Consulting 246

BiggerPockets

JANUARY 8, 2025

Fixing up a distressed property might be the BEST way to add value, whether youre looking to flip houses, BRRRR (buy, rehab, rent, refinance, repeat), or charge higher rents. But […]

Contractors 45

Contractors Management Rent Property 45

Muldoon Associates

DECEMBER 5, 2024

Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.

Contractors 96

Contractors Real Estate Property Management Property Manager 96

BiggerPockets

JUNE 25, 2024

If you want to grow your real estate portfolio faster, make more money with less headache, and achieve whatever financial dreams you desire, you need one thing—a real estate team. […]

Real Estate 54

Real Estate Contractors 54

BetterWho

DECEMBER 3, 2024

Work with Trusted Vendors : Build relationships with reliable contractors to ensure quality service. Efficient Maintenance Strategies Regular upkeep is the backbone of successful property management. Schedule Routine Inspections : Use the best property manager apps to track and schedule maintenance tasks.

Property Management 238

Property Management Property Manager Management Consulting 238

Real Property Management Chicago

APRIL 6, 2023

With the guidance of a qualified contractor or designer who can provide knowledge in areas like materials, designs, and construction techniques, the project can be finished successfully, safely, and to a high standard. Another well-arranged plan and style can improve a patio’s utility and enjoyment for many years to come.

License 130

License Contractors Government Regulation 130

BiggerPockets

DECEMBER 6, 2024

Unfortunately, scams are becoming increasingly sophisticated, and property owners are often targeted by fraudulent contractors, fake insurance policies, and deceptive property transactions. Recognizing warning signs can help you avoid falling […]

Real Estate 78

Real Estate Contractors Insurance Property 78

BiggerPockets

MARCH 18, 2022

Welcome to part two of a rehab estimation masterclass with real estate mogul James Dainard! As mentioned in part one, James has created a multi-level brokerage where he has been […].

Contractors 64

Contractors Real Estate 64

BiggerPockets

JULY 19, 2021

Now, companies offer a full-service concierge service where they provide home renovation estimates, front the capital, manage contractors, and more. Home concierge started as a way to lend money to homeowners for updates before selling. It has evolved to mean much more.

Contractors 81

Contractors Management IT 81

Real Property Management Chicago

SEPTEMBER 16, 2022

The property manager is then responsible for coordinating with contractors, scheduling repairs, and ensuring that the work is completed promptly. – Lower repair and maintenance costs: A property manager will have a network of trusted contractors they work with regularly.

Professional Property Management 130

Professional Property Management Property Management Property Manager IT 130

BiggerPockets

APRIL 9, 2021

A contractor may have let us down, or a tenant took advantage of a […]. It’s not uncommon that we make excuses for ourselves, especially when it comes to our businesses.

Contractors 78

Contractors Tenant IT Real Estate 78

BiggerPockets

DECEMBER 18, 2024

He doesnt have the handyman skills; he doesnt like managing contractors, and he cant design a floor plan. Dave said hed never flip a house. So why now, coming into […]

Contractors 69

Contractors Management Real Estate 69

Buildium

OCTOBER 28, 2024

For 77% of PMCs, vendor and contractor labor costs have gone up over the last year, exacerbated by the rising cost of materials and supplies. This helps explain why maintenance was property managers’ second-greatest challenge in 2024.

Property Management 246

Property Management Property Manager Management Property 246

Buildium

DECEMBER 4, 2024

This means scheduling regular inspections for HVAC, plumbing, electrical, and other systems and building strong relationships with local contractors. Strategies for Preventative Maintenance Create a checkup routine: If you want to detect maintenance issues early, develop a checkup routine.

Property Maintenance 245

Property Maintenance Maintenance Rental Property Property 245

Real Property Management Chicago

MARCH 3, 2023

You Don’t Enjoy Dealing with People: As a rental property owner, you must deal with renters, neighbors, real estate agents, contractors, and plenty of others. Here are ten signs to keep in mind before making your decision. These people could be troublesome to work with.

Real Estate 130

Real Estate Rental Property Contractors Property Management 130