Son-Rise Property Management https://www.son-rise.net Property Management with a Difference Fri, 22 Mar 2019 20:45:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Top 5 Ways to Make Your Rental Property More Appealing https://www.son-rise.net/top-5-ways-to-make-rental-property-more-appealing/ https://www.son-rise.net/top-5-ways-to-make-rental-property-more-appealing/#respond Tue, 19 Mar 2019 07:35:51 +0000 https://www.son-rise.net/?p=23140 Every month that a rental unit sits empty, property owners lose hundreds of dollars in potential income. Strategies to make a rental property more appealing can mean reducing rental property vacancies and decreasing lost revenue.   Top 5 ways to make your rental property more appealing Fix small things It doesn’t cost much to make small improvements to your rental property but they can ...

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Every month that a rental unit sits empty, property owners lose hundreds of dollars in potential income. Strategies to make a rental property more appealing can mean reducing rental property vacancies and decreasing lost revenue.

 

Top 5 ways to make your rental property more appealing

  1. Fix small things

It doesn’t cost much to make small improvements to your rental property but they can have a big impact in attracting new tenants.

Exterior fixes: clean away all the weeds, trash, and debris, install a new mailbox if the old one is dingy and dented, add a few classy flower pots on the porch, replace torn windows screens, and power wash the siding and driveway.

Interior fixes: Fresh, clean curtains and blinds, more efficient light bulbs, an appealing new throw rug in the dining area, clean walls, carpets and living spaces.

  1. A fresh coat of paint

New paint is the number one thing that will make your rental apartment look new again. Old, faded, peeling and chipping, or tobacco-stained walls and ceilings are a BIG turn-off.

It only costs $25 for a can of quality paint, and it may cost less than $100 to repaint at least all the most important parts of your unit. If you do it yourself, you don’t even spend money on labor – and it shouldn’t take more than one day’s work if you clear a full day in your schedule for the task.

As to color, stick with neutrals like white, beige, grey, or cream. You can let new tenants know they are free to repaint if they wish, but to attract more prospects to begin with, you need a color everyone can live with.

  1. Bathrooms and kitchens sell!

Not only are bathrooms and kitchens the most commonly renovated rooms of the house, but they are also the top two rooms that sell either a house or an apartment lease to lookers.

You don’t necessarily have to do a full makeover for either room – though that would certainly be appealing. Even just doing a super-thorough job of cleaning these rooms will make your empty apartments fill up faster. Take care of details like scrubbing clean dirty grout lines, making the mirrors immaculate, and perfecting scratched counters with matching touch-up paint.

If kitchen appliances don’t match, you can install stainless steel appliance covers to make them match (on a budget.) Re-painting old wood cabinets is an inexpensive way to make an impression. And a quick DIY epoxy job can make bathroom sinks and tubs look like they “belong” together.

  1. New carpeting

If you want to make your property more appealing with a minimal investment – one upgrade never to overlook is installing new carpeting or quality laminate flooring.

If the existing carpeting is too good to get rid of, still take the time to go over it with a deep-cleaning carpet machine to remove stains. But anything halfway or more through its “lifespan” should go – and you can always donate still usable carpeting you remove for a tax write off!

  1. Move-in specials

Finally, be ready to offer move-in specials to qualified applicants. A good tenant is doubly valuable because they prevent your unit from remaining empty and from being filled with a bad tenant!

Offering a free month’s rent after 11 on-time payments is a good approach. It sells apartments to good renters who know they will get the discount and you can factor in the cost over the first 11 months.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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Rental Property: 2019 Bellingham Rental Rates https://www.son-rise.net/rental-property-2019-bellingham-rental-rates/ https://www.son-rise.net/rental-property-2019-bellingham-rental-rates/#respond Tue, 12 Mar 2019 18:26:05 +0000 https://www.son-rise.net/?p=23135 One of the main factors that renters consider when choosing a rental property is the monthly rental rate. Bellingham, WA has seen considerable growth in the last 20 years; adding more than 20,000 residents between 2000 and 2016 and growing from a population of 67,171 to 87,574. This growth has caused very low rental vacancy rates, a competitive rental market and rising rent. In ...

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One of the main factors that renters consider when choosing a rental property is the monthly rental rate. Bellingham, WA has seen considerable growth in the last 20 years; adding more than 20,000 residents between 2000 and 2016 and growing from a population of 67,171 to 87,574. This growth has caused very low rental vacancy rates, a competitive rental market and rising rent. In fact, when compared to nearby cities Bellingham’s rental rates have been rising faster even faster than Seattle’s in 2018 and 2019. While Seattle has been the fasted growing city in the last decade, it is now experiencing a flatlining or possible decline in population as the cost of housing prices many out of the market. This is likely to result in decreasing rental rates.

Factors affecting rental property rental rates

Vacancy rates:

A key driver in increasing rental rates is a very low overall vacancy in the Bellingham area. With very few properties available to rent and a surplus of interested renters, this creates a housing market where property owners have the advantage. Bellingham is an attractive location because of its beauty and size but also its relative closeness to Seattle and Vancouver, British Columbia. The area also continues to have a low overall unemployment rate and there are Seattle workers willing to make the commute from Bellingham.

Property types compared to previous years:

When looking at rental rates it’s important to consider the type of property so you’re comparing apples to apples. When comparing 2019 rental rates to the same time period in 2018 the variation in rental rate is different based on the type of rental:

  • One-bedroom apartments have seen an increase in monthly rent of roughly 14.13%.
  • Two-bedroom apartments have seen prices go in the opposite direction; decreasing in price by 44.51% in the same time period.

One-bedroom apartments tend to be more popular with younger renters. Two-bedroom apartments tend to carry a higher base rental price and are favored by young families or those who are caring for an elderly relative.

Bellingham rental rate trends 

Overall, 2019 rental prices in Bellingham have decreased when compared to this time last year (a notable high point in the local market) but, they seem to be steadily increasing. Over the last six months, single bedroom apartments have gone up in price by roughly 10.5% while two-bedroom apartments have increased in price by 3.3%. Overall, this results in an average rent increase of 9.7% for the city. It remains to be seen if Bellingham will hit the high point again this year or if the boom is softening.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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Condo Property Management Winterization Tips https://www.son-rise.net/condo-property-management-winterization-tips/ https://www.son-rise.net/condo-property-management-winterization-tips/#respond Mon, 25 Feb 2019 10:29:53 +0000 https://www.son-rise.net/?p=23025 In the Pacific Northwest, winter can bring harsh weather conditions including wind, freezing rain, snow, ice and freezing temperatures.  Condo property management teams need to be prepared to prevent common winter issues such slip and fall accidents on icy walkways, excessive heating costs from poorly functioning furnaces, and exterior damage from falling trees and branches. The following winterization tips will help keep the property in ...

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In the Pacific Northwest, winter can bring harsh weather conditions including wind, freezing rain, snow, ice and freezing temperatures.  Condo property management teams need to be prepared to prevent common winter issues such slip and fall accidents on icy walkways, excessive heating costs from poorly functioning furnaces, and exterior damage from falling trees and branches. The following winterization tips will help keep the property in good condition and prevent avoidable expenses and crises through the coldest months of the year.

Condo Property Management Winterization Tips

  • Sidewalk upkeep: Damaged sidewalks should be repaired by the end of October – before winter weather sets in. While not impossible to do in the winter, the cold can affect the way the cement sets and lower the overall quality of the work. Lay salt down on sidewalks and walkways to prevent ice from building up.
  • Window upkeep: do a thorough window inspection each fall to check for drafts coming from damaged window seals, framework or the steel lintel. In addition to windows, seals on doors should also be checked and repaired as needed. Ideally, single-paned windows would be replaced with double-paned windows. By fixing these issues early, drafts that drive up energy costs and fuel usage can be prevented.
  • Keeping the heat working: in the winter heat is one of the most important aspects of building management. System check and maintenance should be performed on the HVAC or broiler systems each fall. Regular cleaning, upkeep, and repairs can keep heating systems running efficiently and reduce usage costs.
  • Water and ice hazards: the buildup of moisture, snow, and ice can be a hazard for roofing in the winter. If a property has a flat roof an ultraviolet reflective coating should be applied no later than October to help resist snow and ice build-up. Drainage systems should also be examined to make sure that ice and water have somewhere to run off the roof. Snow and ice trapped on the roof can lead to leaks and other damage.
  • Don’t wait: one of the most important parts of winterization is making needed repairs well in advance. Mid-fall is the best time to handle winterization tasks. By having repairs finished early, property owners avoid the cold they are trying to protect against. Also, many of these repairs are difficult to do in colder weather making for a longer and more difficult process.

Winter can be harsh on the exterior of condos and other properties. By being aware of any needed upkeep, repairs, or maintenance property owners can protect their investment from the winter by being prepared for the temperatures and weather patterns it brings. Getting needed repairs done early is not only easier it can also be more cost effective and results in happier residents.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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Property Manager Winter Checklist https://www.son-rise.net/property-manager-winter-checklist/ https://www.son-rise.net/property-manager-winter-checklist/#respond Sun, 17 Feb 2019 23:00:32 +0000 https://www.son-rise.net/?p=23022 Regular property upkeep is part of a property manager’s job description. A proper manager should also know how to prepare their rental properties for each season. Winter brings extreme conditions in many parts of the country including low temperatures, snow, ice, and other hazards. Maintenance and upkeep on the following areas of a house or building will help ensure that renters live in a ...

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Regular property upkeep is part of a property manager’s job description. A proper manager should also know how to prepare their rental properties for each season. Winter brings extreme conditions in many parts of the country including low temperatures, snow, ice, and other hazards. Maintenance and upkeep on the following areas of a house or building will help ensure that renters live in a warm, safe home during the winter months and expensive, emergency repairs are avoided:

Property manager winter checklist

  • Gutters: melting snow and ice needs to be cleared from the roof to prevent water collection and ice build-up in gutters when the temperature drops below freezing. To prepare for winter weather, gutters should be cleared at the end of fall to make sure that debris and leaves accumulated in the fall are gone.
  • Roofing upkeep: roofs are vulnerable to the harsher elements of the winter season. Before the winter, a property’s roof should be carefully inspected for holes, tearing, leaks, or any other issues that make it vulnerable to the elements. A harsh snowstorm can greatly damage a weak roof and in extreme cases can cause partial collapse, leaking or ice dams.
  • Furnaces: in the cold tenants will be using the property’s furnace to keep warm. Before winter, a property’s furnace should be carefully inspected for any needed repairs and general upkeep. The area around the furnace should also be cleaned and venting systems checked for any blockages, leaks, or repair needs. A well-maintained furnace not only works more efficiently, it also keeps tenants safe.
  • Alarms: before winter arrives, check the property’s carbon monoxide and smoke alarms. In colder weather tenants stay indoors longer and more often and this leads to increased use of residential heating, candles, space heaters, electric blankets, and other heat sources. These activities bring a bigger risk of fire and carbon monoxide poisoning, making alarms all the more important.
  • Pipes and plumbing: frozen pipes are a common issue in colder weather, particularly in older houses or buildings. Frozen pipes are one of the most common repairs property managers face during colder months. A proper inspection before winter can identify any needed repairs or additional insulation that a property’s plumbing system may need to be properly protected from the cold.
  • Walkways and sidewalks: walkways can be very hazardous in the winter due to snow and ice. Proper cleanup, snow removal, and salting to prevent ice can keep walkways usable even in harsh conditions. Failure to keep walkways safe can result in tenant injury from a slip and fall accident.
  • Trees: in the winter trees can collect snow that can cause them to fall or branches to break off. Falling branches and trees are dangerous; they can block pathways, knock over power lines, damage roofs and cause an expensive cleanup. Proper trimming and tree inspections before winter weather can remove weak branches and fell dead trees to prevent tree-related property damage and injuries.
  • Keeping tenants informed: tenants should be informed of any actions they should take to keep themselves safe and receive a list of proper phone numbers in case of emergency. Remind tenants not to use ovens to warm their home.

Winter preparation is a matter of planning and being prepared. By being proactive, property owners can reduce the risk of unhappy tenants and expensive pipe bursts or fallen trees. A full-service property management company will assign a property manager who can handle winter checklists to prepare your property for the cold weather.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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Top Reasons to Buy a Condo: Condo Property Management https://www.son-rise.net/top-reasons-buy-condo-condo-property-management/ https://www.son-rise.net/top-reasons-buy-condo-condo-property-management/#respond Mon, 21 Jan 2019 23:26:07 +0000 https://www.son-rise.net/?p=22933 Condominiums or condos are a type of residential structure similar to an apartment except that the units may be bought and sold separately and are more often lived in by owners instead of renters. In some cases, a private owner purchases one or more condo units for the purpose of renting them. There are several advantages to owning a condo over other types of ...

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Condominiums or condos are a type of residential structure similar to an apartment except that the units may be bought and sold separately and are more often lived in by owners instead of renters. In some cases, a private owner purchases one or more condo units for the purpose of renting them. There are several advantages to owning a condo over other types of property including access to condo property management to handle day to day operations of rental properties.

Top reasons to buy a condo: condo property management

Price

Condos are typically more affordable than single-family houses. Comparing the costs of single-family homes and condos in the same location will clearly illustrate this cost difference. However, it is important to note that the costs of condos and other types of houses vary widely by location. In addition, it would cost much more to buy a single-family home with the same amenities that are included in a condo community.

Amenities

Condos tend to be smaller in square footage, and are less likely to have a yard or personal garage but they often make up for this with the amenities found in common areas and the maintenance provided to exterior areas. Condos often come with amenities including fitness centers, Jacuzzis, swimming pools, private parks, etc. that would be very expensive to build or buy along with a single-family house. Some condo units even have tennis courts, golf courses and club houses and others are close to or right on a beach. The best part is that common area amenities, walkways, roads and exterior walls are usually professionally managed by condo property management companies which means that they are well taken care of and ensure higher property value.

Community living

Another advantage of condo living is that living in the same building as others creates a strong sense of community and safety. Sharing the different amenities and participating in the condo association inspires and strengthens this feeling. These feelings are typically not present for those renting in an apartment building or single-home families. Factors like security of the building and management of the amenities are also handled by condo property management companies which makes condo living safe, attractive and enjoyable.

Convenient locations

Condos are often located in convenient locations near grocery stores, shopping centers and public transportation; making them desirable to those who do not wish to own a vehicle or who cannot drive anymore. In some cases, condo buildings provide low-income housing and in other cases they provide luxury housing for those who do not wish to own a single-family house.

Tax and equity benefits

A decision between renting and buying a condo should be made with tax and equity benefits in mind. Buying has two advantages over renting; building equity and making the most of tax deductions given for property taxes and mortgage interest. Therefore, if the monthly mortgage payment one would make would be almost the same as rent, it would make good financial sense to buy rather than rent. The Trulia Rent vs. Buy Calculator is a helpful guide.

Viable investment

For some, buying a condo is a rental property investment. The return on investment comes from renting out the condo or selling it at a later date when its value has appreciated. In some cases, it makes sense to hold onto a condo for many years; renting it out along the way before selling. This is especially true for condos located in vacation or beach areas where they can bring in large amounts of rental income during peak tourist seasons.

Flexibility

Condos are very flexible in terms of maintenance and occupation. An owner can occupy their condo or let it out as a holiday or short-let home some or all of the time. This is in contrast to co-ops where in New York, for instance, subletting is limited or forbidden.

Condo property management

The services provided by a condo property management company is one of the greatest advantages of condo ownership. When a condo owner decides to rent out their condominium and hire a condo property manager they no longer have to worry about finding good tenants, signing leases, rent collection, bill payment, repairs and maintenance. Owners who do not live nearby to their condo units especially benefit from the hands-on management provided by full service condo property management.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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6 Things that Should be Included in a Property Management Contract https://www.son-rise.net/6-things-should-be-included-in-property-management-contract/ https://www.son-rise.net/6-things-should-be-included-in-property-management-contract/#respond Fri, 11 Jan 2019 00:18:12 +0000 https://www.son-rise.net/?p=22872 Property management contracts are designed to protect the interests of property owners and property management companies in a mutually beneficial relationship. Property owners need to make sure that they understand their own responsibilities, the responsibilities of the property manager; and that they will be protected if the property manager does not satisfy their responsibilities. Property owners should carefully go over the property management contract ...

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Property management contracts are designed to protect the interests of property owners and property management companies in a mutually beneficial relationship.

Property owners need to make sure that they understand their own responsibilities, the responsibilities of the property manager; and that they will be protected if the property manager does not satisfy their responsibilities. Property owners should carefully go over the property management contract before hiring a property manager to ensure that all relevant details are included.

6 things that should be included in a property management contract

1) Fees and services

The exact breakdown and total of all services and associated fees should be included in the property management contract. If given a contract with only a generalized management fee, a property owner should ask for a breakdown of the different services and the cost of each. Property owners should never make assumptions about what services are included. Full-service property management generally includes the following services: rent collection, payment of bills, evictions, tenant screening, advertising vacant units, ongoing maintenance to building exterior and landscaping, and drawing up tenancy or lease agreements.

2) The responsibilities of the property owner

It is important that the contract include a clause that lays out the expectations of the property owner and what they can and cannot do in their dealings with the management company. For instance, an owner could have the responsibility of setting up a bank account and maintaining a minimum balance for repairs, emergencies and general maintenance as well as obtaining and maintaining appropriate types and amounts of insurance.

This part of the contract should also include an owner’s restrictions. For example, it may be appropriate to state that the property owner may not find and sign an agreement with tenants on their own. Rather, the property management team would be in charge of placing listings for empty units and vetting potential tenants.

3) Equal opportunity housing

A property management contract should indicate that an owner and management company support and abide by state and federal Equal Opportunity Housing laws. Adhering to these laws prevents successful discrimination lawsuits which may be brought up by tenants claiming they were denied housing or asked to vacate because of their race, gender, disability, sexual orientation or other protected classes.

4)  Liability

The liability part of the contract limits the property manager’s liability. This is known as the “hold harmless clause” in a property management contract. This clause gives the management company protection by limiting their liability except in cases where the company has been negligent in fulfilling their obligations.

A property management company will not be held responsible or liable if a third party they hire acts negligently as long as they met their obligation to properly vet the third party. For example, if a handyman or other service provider failed to complete work they were hired to do or did not perform up to an expected standard, the property management company would not be liable unless they failed to meet the “reasonable care clause” to vet the candidate.

A property owner should protect themselves by ensuring this part of a property management contract includes the “reasonable care clause.”

5) Contract duration

Typically, property management companies sign contracts that will run for a minimum of one year. It is a good idea for property owners to engage a property lawyer to go through the clauses in a contract before signing on for a one year obligation.

6) Termination clause

A lawyer will look at the termination or cancellation clause and ensure the owner can terminate the contract before it expires should they wish to do so. Obligations upon termination such as payment of dues within a given period should also be indicated.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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How to Turn Your Home Into a Rental Property https://www.son-rise.net/how-to-turn-your-home-into-a-rental-property/ https://www.son-rise.net/how-to-turn-your-home-into-a-rental-property/#respond Wed, 19 Dec 2018 10:21:15 +0000 https://www.son-rise.net/?p=22763 If you have decided to turn a condo, single-family home or vacation home into a rental property you may be wondering where to start. How to turn your home into a rental property Insurance Homeowners insurance is not sufficient for a rental property. This is because when one rents out their property, they assume a degree of responsibility for their tenants’ safety. This is ...

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If you have decided to turn a condo, single-family home or vacation home into a rental property you may be wondering where to start.

How to turn your home into a rental property

Insurance

Homeowners insurance is not sufficient for a rental property. This is because when one rents out their property, they assume a degree of responsibility for their tenants’ safety. This is generally for incidents that are beyond the control of a renter. For instance, if a tree or other structure on or around the grounds fell and damaged the house or caused an injury, the landlord is held responsible. The same is true when there is an explosion because of a gas leak.

For this reason, one should take out a rental property owner insurance policy to cover the cost of repairing damage and injuries caused by accidents. Some policies also reimburse an owner for lost rental income if a renter damages a property to the point that it is uninhabitable.

Permits

Different cities have different permit requirements. However, generally speaking, rental property owners are required to have a permit. The main purpose for requiring permits is safety. Local government inspectors visit and inspect rental property to ensure that there are no potential safety hazards such as faulty electrical wiring. They will also inspect the HVAC equipment and other safety measures such as ensuring emergency exits in case of disasters like a fire.

Repair, maintenance and upgrading

It is important that rental property is maintained in good condition to attract and retain tenants. Also, upgrades add aesthetic as well as financial value. An upgrade like a swimming pool or roof terrace would justify charging higher rent than other units in the same area that do not have these amenities. Upgrades and improvements can be done a little at a time. Simple maintenance like a coat of paint from time to time, power washing walkways and new appliances also make a lot of difference.

Coming up with the rental charges

Renting out property is a business like any other and it should bring in a profit every month. Do a check of what is being charged for similar units in the same location so that you don’t charge an amount that is too high or too far below the average amount. Also, factor in any costs of upgrades; they should give you better returns.

Finding tenants

There are several factors to consider when choosing tenants. One is that there are Fair Housing Laws that do not allow some categories of potential renters to be discriminated against. For example, a tenant may not be turned away for their race.  Secondly, it is important to run a background and credit check on a renter before giving them tenancy. This verifies they can afford to pay rent/are likely to pay rent and that they do not have a criminal background.

Lease agreement

When a property is rented out, it has to be on the basis of a rental or lease agreement. It is a legally binding document that needs to be drawn up in accordance with local rental property laws.

Leave it to the experts

Preparing a property for rental status can be challenging for a property owner, more so if they do not live in or around the area. Hiring a full-service property management company is the best way to ensure that the process is handled well and following the local laws. A reputable company will handle all the legal requirements and others that may arise such as tenants failing to pay their rent as agreed. To make the most of passive rental income, it is best to pass on the job to the experts.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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How Residential Property Management Handles Property Maintenance https://www.son-rise.net/how-residential-property-management-handles-property-maintenance/ https://www.son-rise.net/how-residential-property-management-handles-property-maintenance/#respond Wed, 12 Dec 2018 19:12:33 +0000 https://www.son-rise.net/?p=22760 Hiring a residential property management company is the easiest way for landlords to handle property maintenance required for rental properties. There are three main times that property maintenance is required for rental properties. How residential property management handles property management before, during and after tenancy Before tenancy begins Before a tenant moves in residential property management must prepare the property so that it’s up ...

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Hiring a residential property management company is the easiest way for landlords to handle property maintenance required for rental properties. There are three main times that property maintenance is required for rental properties.

How residential property management handles property management before, during and after tenancy

  1. Before tenancy begins

Before a tenant moves in residential property management must prepare the property so that it’s up to expected standards or as advertised. Common tasks include repainting walls, cleaning carpets, blinds, and windows, ensuring that HVAC systems and appliances are in good order and repairing broken fixtures and fittings. Faucets, light switches, smoke detectors and other fixtures should all be checked and repaired/serviced as needed. The property should be cleaned professionally if the prior tenants left it in sub-par condition and siding, driveways and walkways should be power washed if needed to improve the exterior appearance.

Residential property managers – particularly in the Pacific Northwest – often have to deal with water damage that causes stains or mold and mildew. Moldy spots should be cleaned up, repaired and re-painted as needed. Damage from smoking should also be checked for. Lighting up cigars, pipes or cigarettes even occasionally can leave stains on the walls while habitual smoking can leave a lingering odor that could put off potential new tenants.

The goal for residential property management is to attract the best possible tenants to the property by getting the property into good shape.

  1. Residential property management issues during tenancy

Property maintenance doesn’t end when a tenant moves in; issues can arise while the tenant lives there. Tasks such as servicing the HVAC system, landscaping and power washing are ongoing. Repairing and maintaining appliances such as the garbage disposal, dishwasher and stove are common tasks that arise during tenancy. Maintenance requests should be handled in a timely manner to keep tenants happy.

  1. After a property is vacated

Tenants moving out and being replaced by new tenants is a normal part of the rental process. The goal is to ensure existing tenants remain as comfortable as possible in well-maintained units so they are not frequently leaving. Another goal for a residential property management company is to minimize the time that units remain vacant by getting vacated properties ready for occupation.

Once a tenant gives notice to vacate, an important part of effective residential property management is to find out why. Sometimes, tenants leave for reasons beyond their control such as losing a job or a new job location. If it’s by choice it is helpful for the property manager to find out if there was a problem then take action to resolve the problem. This way, a residential property management company can possibly dissuade other tenants from moving. Issues like too much noise because of poor insulation, disruptive neighbors or broken appliances should be immediately addressed by residential property management.

Lastly, it is very important to perform a move-out inspection with the tenant. The goal is to identify damages caused by the tenant to help them understand why they are not getting the full security deposit back. The cost of repairs should then be itemized and sent to the former tenant along with a check for the remaining security deposit or bill for additional repair costs.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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Tough Tasks Handled by Property Management Companies https://www.son-rise.net/tough-tasks-handled-by-property-management-companies/ https://www.son-rise.net/tough-tasks-handled-by-property-management-companies/#respond Tue, 13 Nov 2018 19:39:17 +0000 https://www.son-rise.net/?p=22629 The goal of a rental property is to make an income from their investment but the investment requires a lot of time and effort in order to succeed. Property owners may take on the tough tasks of rental property management including finding tenants, managing maintenance needs, handling tenant disputes, collecting rent and late notices but they may also choose to have the work handled ...

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The goal of a rental property is to make an income from their investment but the investment requires a lot of time and effort in order to succeed. Property owners may take on the tough tasks of rental property management including finding tenants, managing maintenance needs, handling tenant disputes, collecting rent and late notices but they may also choose to have the work handled by property management companies.

How property management companies handle property management’s tough tasks

Selecting and screening tenants

No one makes money unless a rental property has tenants. Property management companies advertise vacancies and provide application forms. They process applications, run background and credit checks and check rental references; all actions that increase the chance of getting a good renter.

When a notice to vacate is received or issued, property managers get started with the process of finding a new tenant. Property management companies shorten costly vacancy cycles because they may have a database of potential tenants interested in renting the property or they place effective advertisements.

Knowledge of local rental property laws

Property management companies are well-versed with the state and local landlord and tenancy laws that affect rental properties. Practically speaking this means that property managers know the legal requirements for handling rental property inspections, rent increases, lease agreements, rent collection, late notices and evictions. Property management companies are also aware of property codes and laws. Leaving legal issues to property management companies ensures landlords avoid legal problems that can cost them a lot in damages and hassles.

Collecting rent

Some tenants pay rent late or issue bad checks, leaving a landlord with no income and bank fees. Property management companies handle rent collection, late notices, negotiations and evictions when necessary. Because tenants were properly vetted to begin with there are less likely to be problems collecting rent.

Regular inspections

Some tenants take advantage of landlords who don’t live close enough to their rental property to do regular inspections. Property management companies minimize the chance of tenants trashing a property because they periodically visit the property to monitor its condition.

Regular maintenance

Property management companies ensure that regular servicing and maintenance are done to avoid the cost of replacing appliances and HVAC systems for as long as possible. Tenants are happier and more likely to stay when they know the appliances and heating and cooling systems are in good working order and maintenance needs are handled in a timely manner.

Rental property taxes

Finally, property management companies handle rental income taxes on behalf of the property owner. They ensure that rental income returns are filed correctly and on time which saves property owners time, fines and penalties. Property management companies can also make or give advice on tax deductions a landlord may not know they are entitled to claim.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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Tips for Property Management Companies Cleaning up a Former Meth Lab https://www.son-rise.net/property-management-companies-tips-cleaning-former-meth-lab/ https://www.son-rise.net/property-management-companies-tips-cleaning-former-meth-lab/#respond Mon, 15 Oct 2018 11:00:52 +0000 https://www.son-rise.net/?p=22373 Police and drug enforcement authorities raid and shut down thousands of meth labs across the country each year. A major methamphetamine, heroin, and cocaine drug bust resulted in the arrest of 80 people in the Puget Sound area over a four-month period in 2018. Ninety-five pounds of meth were seized in the process by federal and local law enforcement officials. The acclaimed TV series ...

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Police and drug enforcement authorities raid and shut down thousands of meth labs across the country each year. A major methamphetamine, heroin, and cocaine drug bust resulted in the arrest of 80 people in the Puget Sound area over a four-month period in 2018. Ninety-five pounds of meth were seized in the process by federal and local law enforcement officials.

The acclaimed TV series Breaking Bad showed viewers how dangerous and combustible a meth lab can be. In addition, it showed how easy it was to set up a lab anywhere such as in an old home or in the basement of a building.

Most states have regulations relating to the restoration of a structure to eliminate all traces of harmful chemicals from the building. Property management companies may be asked to help clean up a home, condominium, or apartment that was used to illegally produce meth.

Tips for property management companies involved in restoration from former meth labs

  1. Meet with police.

A meth lab is a crime scene. Check with local police and/or drug enforcement officials to learn about the extent of the lab facilities. The property managers should never inspect the property alone.

The managers should be accompanied by law enforcement authorities. All people entering the former lab may need personal protection equipment and hazmat clothing. This includes eye safety glasses, heavy gloves, and heavy shoes.

The chemicals used in methamphetamine production can cause dizziness, coughing, and burns if they are not immediately removed. No one is safe to breathe or touch anything in the contaminated area.

  1. Find a reliable environmental remediation company that will professionally remove hazardous materials.

Local authorities may have recommendations for reliable contamination removal services. The police and drug enforcement agencies may have removed all chemical containers from a lab that was shut down, but odors from ammonia and other substances may remain. There may be residue on walls and floors from the volatile compounds used in the production of the illegal product.

Industrial hygienists who are experienced in cleaning meth labs may conduct pre-remediation samples of surfaces to determine if they can be cleaned enough to make the rooms livable. A specialist will provide an estimate of the necessary work and the cost of decontamination and restoration.

They will begin decontamination as soon as law enforcement has cleared the area.

  1. Property management companies should know the processes involved in the remediation of a meth lab area.

The EPA has voluntary guidelines for meth lab cleanup but it is the responsibility of the state and local law enforcement agencies along with private companies to decontaminate the area.  All HVAC systems must be shut down to avoid further contamination. The vents and ducts in the system must be professionally cleaned. Meanwhile, the room or rooms should be opened to fresh air and special HEPA air filters used to collect potential pathogens.

  1. Arrange for an agency inspection that includes an air quality assessment.

The entire unit must be cleaned and inspected by a state or local environmental agency after the professional remediation. Property management may have walls repainted and floor coverings replaced prior to the final inspection. Window coverings should also be replaced.

Property managers should tell prospective renters or real estate agents selling the property about the former meth lab. They can supply interested parties with the regulatory clearance certifications to show that the property is safe.

A property management company will work closely with law enforcement and industrial environment remediation services to clean a former meth lab and make the premises safe again.

Son-Rise Property Management has been serving the property management needs of Bellingham and Whatcom County since 1996. Contact us today to see how we can help you find a rental property for your family or manage your rental properties.

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