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. Property Management Pays for Itself!

Professional Property Management 243

Professional Property Management Property Manager Property Management Management 243

BiggerPockets

APRIL 8, 2021

Before taking on renovations, whether for your primary residence or an investment property, it's crucial to find the right contractor. Ensure that they are qualified, have the support they need, and have a good reputation by vetting them with these questions.

Contractors 85

Contractors Property IT Real Estate 85

Buildium

FEBRUARY 10, 2025

Vendor and Contractor Coordination Establish a network of reliable vendors and contractors. This might include shutting off the water supply in case of a burst pipe or turning off electricity if theres an electrical hazard. Prioritize tenant safety. Having trusted professionals on speed dial can expedite repairs and minimize damage.

Property Maintenance 130

Property Maintenance Maintenance Rental Property Management 130

Rental Housing Journal

JANUARY 27, 2025

The company makes a network of hundreds of independent contractors and handymen available for maintenance projects at rental properties. You may want to consider adding some insulation in key areas as a long-term solution if your keep getting repeat problems with frozen pipes.

Tenant 119

Tenant Maintenance Apartment Contractors 119

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. Do you keep a single-family rental property?

Professional Property Management 130

Professional Property Management Property Manager Property Management IT 130

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. Offer On-Call Maintenance.

Property Maintenance 363

Property Maintenance Maintenance Single-Family Home Property 363

Buildium

MARCH 19, 2025

Accountability With maintenance software, landlords can monitor the progress of jobs, work order histories, and their overall track record with contractors. If youre renting out your property, its only a matter of time before youll need to make an emergency repair, conduct a routine inspection, or invest in preventative maintenance.

Property Maintenance 130

Property Maintenance Maintenance Landlord Rental Property 130

Buildium

MARCH 19, 2025

Property management software typically includes features for tracking maintenance requests, scheduling repairs, and managing contractors. Residential rental property landlords have a lot to gain from these advanced tools, from easier tenant management to more accurate, less time-consuming accounting.

Property Management Software 130

Property Management Software Property Manager Property Management Landlord 130

Buildium

FEBRUARY 10, 2025

Additionally, property managers should work to build long-term relationships with reliable contractors and service providers, negotiate favorable contracts, and carefully manage maintenance costs. The Importance of Preventative Maintenance Preventative maintenance forms the cornerstone of effective property care.

Property Maintenance 130

Property Maintenance Maintenance Property Manager Property Management 130

Esquire Property Management Group

FEBRUARY 2, 2025

Make Use of Reliable Vendors: Engage in business with contractors who are dependable and economical. A property manager who has a solid reputation is able to negotiate obstacles more effectively and offer insightful advice due to their extensive experience. Does your property management team adequately screen potential tenants?

Property Manager 64

Property Manager Property Management Property Management Services Management 64

Bay Property Management Group

MARCH 14, 2025

Partnering with reliable contractors who offer competitive rates can also make a big difference in managing expenses. Inflation affects everything it touches, and the real estate market is no exception. As prices rise, so do mortgage rates, operating expenses, and more. So, what exactly is inflation? Let’s break it down.

Rental Property 130

Rental Property Property Property Management Property Manager 130

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

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. With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds.

Property Manager 227

Property Manager Property Management Management Electronics 227

American Apartment Owners Association

MARCH 31, 2025

This role often includes managing permits, contractors, and project timelines. If youre asking yourself, “Are real estate investment trusts a good career path?”this ”this article will walk you through everything you need to know. What Is a REIT and How Does It Work? Think of it as a mutual fund for real estate.

Real Estate 130

Real Estate Education Rental Income Finance 130

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 tax deductions can really add up.

Property Manager 246

Property Manager Property Management Management Property 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. This isnt just a theoretical advantageits a powerful tool that can significantly impact your financial picture. Navigating the path to REPS isnt always straightforward.

Real Estate 246

Real Estate Single-Family Home Contractors Rental Property 246

Real Property Management Evertrust

DECEMBER 6, 2024

All maintenance visits need coordination between you, the tenant, and the service provider or contractor. Proactive upkeep schedules are vital for avoiding high repair costs and ensuring tenant happiness and loyalty. Addressing upkeep proactively helps maintain property safety, appeal, and occupancy while enhancing its value.

Maintenance 246

Maintenance Property Property Management Property Manager 246

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. Before doing anything tax- or accounting-related, consult a certified accountant.

Property Manager 245

Property Manager Property Management Management Property 245

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

Multifamily Insiders

FEBRUARY 20, 2025

Illegal harassment by employees or contractors can lead to fair housing complaints, legal consequences, and damage to a company's reputation. In property management, ensuring a safe and respectful living environment isn't just about reacting to problemsit's about preventing them before they arise.

Contractors 91

Contractors IT Property Management Property Manager 91

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

Real Property Management Evertrust

NOVEMBER 22, 2024

Cooperate with your insurance company and reputable contractors to make sure fixes are executed correctly. Create an Emergency Preparedness Plan Another critical element of effective crisis management is to have an effective emergency preparedness plan in place. It might be beneficial to have a professional handle this task.

Rental Property 244

Rental Property Management Insurance Property 244

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

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 Manager 193

Property Manager Property Management Residential Property Management Residential Property Management 193

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. So do property managers pay for repairs?

Property Manager 130

Property Manager Property Management Management Contractors 130

Buildium

JANUARY 22, 2025

Look for opportunities to collaborate with complementary businesses, such as real estate agents, contractors, and financial advisors. Success in property management often comes down to planning. Thats especially true when it comes to marketing your business and the properties in your portfolio.

Property Manager 130

Property Manager Property Management Management Media 130

Fourandhalf

DECEMBER 19, 2024

Its been a long time since we put out an episode of The Property Management Show and today were excited to talk with RoDevia Brigham, the founder and CEO of Proposabid. The vendor bidding process is an entire industry on its own, and this is a topic we have not covered before on the podcast. The idea for this company came from a shower moment.

Property Manager 255

Property Manager Property Management Management Property 255

Buildium

DECEMBER 4, 2024

This means scheduling regular inspections for HVAC, plumbing, electrical, and other systems and building strong relationships with local contractors. Focus on components with long lifespans—like roofs and plumbing—that may be approaching the end of their usability and could soon need attention. Don’t forget to account for future inflation.

Property Maintenance 245

Property Maintenance Maintenance Rental Property Property 245

Buildium

FEBRUARY 10, 2025

Coordinating with Contractors and Vendors: Finding reliable contractors, negotiating fair prices, and completing work on time requires diligent management. Vendor and Contractor Management Establish long-term relationships with reliable contractors, negotiate favorable contracts, and complete repairs promptly.

Property Maintenance 130

Property Maintenance Maintenance Rental Property Management 130

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 Insurance 52

Condo Control

FEBRUARY 14, 2025

Condominium corporations participate in a formal tendering process to acquire goods or services from third-party suppliers or contractors. It is a structured process that ensures transparency, fairness, and competition in the selection of contractors. Densely populated high rise condominiums have always been budget conscious.

Condominium 130

Condominium Contractors Government Management 130

HOA Managememt

MARCH 27, 2025

It applies mainly to third-party collectors, and HOAs may be affected if they hire such contractors. If an HOA intends to hire a collection agency, it needs to make sure that the said agency complies with the Fair Debt Collection Practices Act (FDCPA). Simply put, the FDCPA is federal legislation that tackles debt collection. Code Ann.

Regulation 130

Regulation Government License Condominium 130

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. Like many small property managers, you probably want to grow your business. But how do you go about it when you have limited resources for marketing, hiring staff, adding new services, etc.?

Property Manager 246

Property Manager Property Management Management Property 246

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. Based on the size of the patio and the desired level of repair, it is essential to decide on a realistic budget.

Contractors 130

Contractors License Government Regulation 130

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 Attorney Property Manager 96

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