Best Path to Higher Profits – 100% Occupancy or Better Tenants?

Real estate investments in Westminster

The name of the game in real estate investing is maximum profits, minimum headaches, and a dream life. In hot pursuit of this ideal, investors inevitably come to a proverbial crossroads. Investors Must Choose Between Two ‘Loves.’ This choice is deceptively difficult, because, while they both make the same bold promise, only one delivers, while…

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When to Fire a Westminster Property Management Company

  This is a sticky subject, but one that needs to be discussed: how do you know it’s time to fire your property manager? To determine whether the company is working for you, consider a variety of things. Westminster Property Management MD: Accounting Take a look at the accounting, and determine whether it’s being done…

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Security Deposits and Setting the Right Expectations on Returns in Westminster

When we talk about security deposits, it’s important to balance tenant expectations against the possible damage that is done to the property. Tenants will want to get their deposits back, but owners may hang onto some of that money to pay for necessary repairs, cleanings, or unpaid rent and utilities. What is a Security Deposit?…

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Should You Rent or Sell Your Home? Westminster Property Management Tips

There are several reasons to explain why people move. It may be due to a divorce, a relocation, or a plan to size up or size down, depending on where you are with your family. Today, we’re talking about reasons to rent or sell your house. When you’re considering renting vs. selling, it’s always a…

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How to Be a Good Landlord/Property Manager

1. Run Your Property Like a Business. Some landlords do a terrible job at running their business. It might be because they see it as a “side-gig” or a hobby” more than a business. However, when you treat your business with the respect, systems, and organization that you would treat any other business venture, amazing things…

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How to Be a Good Tenant

1. Read your lease. No, seriously read it. It won’t be the most exciting night table material but you’ll thank yourself when you do read it. A lease is a binding legal contract. It creates a binding relationship between you and your landlord. What are you agreeing to? If you don’t understand, ask questions before you sign…

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