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This is part 2 of a 4 part series where we have outlined important questions to ask a property management company before hiring them.Series 1 Companies Credentials
Series 2 Property Management Services
Series 3 Property Management Fees
Series 4 Tenant Screening ProcessProperty management companies come in all sizes, capabilities and expertise. Just because one works for one investor does not necessarily mean they will work for you. Below we have outlined some important questions to ask a company during your initial interview process regarding services they provide. Their answers to these questions will give insight into their business capabilities and can provide you with an understanding of the type of services they offer which are important to you.Series 2 – Property Management ServicesProperties they manage – Property management companies are as different as car dealerships are to each other. For example, a Mercedes dealership will have the best inventory and the most knowledge of the latest selection of new Mercedes. You could visit the Toyota dealership in your neighborhood, but chances are you will not find what you are looking for. Of course, they would love your business and will try and talk you into why a Toyota is a better fit for you than a Mercedes.Same with a property manager, they are not created equal when it comes down to their property portfolios. You need to ask what types of property they manage and make sure your type of property is one they manage. If you own a single family home, a company that manages mostly large apartment buildings or commercial property would not be a good match. In this case, your best match would be a company that has a minimum 50% or greater of single family homes in their rental pool.Some companies manage all types of investment properties…single family homes, apartments, commercial and community associations, but chances are they hold a specialty in one or two areas.Inspections – A thorough property inspection should never be overlooked by a property management company. A property inspection needs to be conducted upon tenant move-in and at move-out. A property inspection can range from drive-bys, a walk-through or a video inspection. If disagreements arise between tenant and manager as to items missing or damaged, actual documentation from the move-in inspection and pictures of before and after hold validity versus a verbal agreement.A video inspection of the interior as well as the exterior of property is the best option. Still pictures are good, but sometimes do not capture all areas of property. The video will not only capture all areas, but is easily interpreted and validated as the subject property. A signed checklist at move-in from tenant validates that tenant concurs with the inspection findings.Maintenance – When it comes time to performing maintenance or repair work to their rental properties some property management companies have their own in-house maintenance personnel. These are usually employees of the company and are paid a salary through the company. The costs or hourly rate of any maintenance or repair work that is required will be dictated by the management company itself.On the other hand, the management company may decide to outsource all or some maintenance work to outside vendors. These vendors could range from a handyman, specialized tradesman such as a plumber or a large facility that performs all types of maintenance work.There are pros and cons to both and I do not advocate one over the other but will outline a few points of interest:In-house MaintenancePros:
- More readily available, since they work within the management company
- Direct communication with management company and their policies
- More intimate with property…they are the “one” contact and know the history of your propertyCons:
- May be more of a “jack of all trades” versus being specialized in a certain field and having the appropriate licenses
- May not be as determined to perform or finish maintenance work in a timely manner as he/she is not being paid based on the job. Whether he/she finishes in 2 hours or 8 hours, its all the same.
- If in-house maintenance crew is not available, either the repair work waits or the company will need to search for a outside vendor on short noticeOutsourcing MaintenancePros:
- This allows the property management company the luxury of competitive bidding among vendors, which could equate to lower costs
- Vendors will be eager to sign contracts with a property management company that can bring stable business to them, and as a result will most likely perform quality work in a timely manner
- Most vendors will be specialized tradesman carrying all required licenses, insurance and being bondedCons:
- Some property management companies will add a surcharge or mark-up above the actual cost of any repair work to cover their time in acquiring these bids.
- If work was not completed properly, it may be difficult to get the vendor back on the job.Another option is coordinating all maintenance work yourself. This may work for you if you have reliable contractors you have work with and are dependable. You can probably save yourself some money but this will involve a bit of your time on your part.Accounting – Most full service property management company will offer as a customary service some type of accounting procedure. This usually comes in the form of a monthly paper statement itemizing all income and expenses funneled through the management company on your property for that particular month. It will show rental income and any expenses such as management fees, repair costs, lawn care service, advertising charges, lease renewal fees and possibly utility charges. The monies owed the owner also referred to as the net amount should be clearly spelled out on this statement. The monthly statements are usually mailed every month to the owner along with a deposit check for the net amount. You should also be provided with a end year statement along with a 1099 for tax purposes.With the advancement of online technology many management companies are now offering their owners the ability to view and print their monthly statements via the company’s’ website or online portal. These portals have the ability to store other documents such as the management contract, vendor invoices, pictures of property, inspection reports etc…all at your fingertips.Another great advantage of working with a savvy property management company is their ability to setup automatic deposit of your monthly checks. No more waiting for the postal service, your deposit checks can be deposited directly into your bank account. Chances are they will also have the ability to setup automatic debit of tenants rent from either a checking account or credit card.
Are you currently asking yourself what steps are necessary to make easy money online? Here are a few straight forward methods to make easy money online if you love writing. I most likely really should have said simple methods to make money, instead of easy ways to make money online, as there is a difference between easy and simple. However so what?, this really is about how exactly to make easy money online quickly.1. Make Easy Money Online Naming Domain Names for Websites. The unique approach originates from another site. Although you may make an income as a contributor for companies that perform this service but this is a much better option. Look at Yahoo and Google or any different online search engine, discover bad website names and get hold of their owners directly, presenting them your company’s solution. One of the keys to good results would be to ensure it is 100% without risk. Advise the potential clients that you are going to take payment provided that they like your website name. Should you think of 1 accepted website name on a daily basis and ask exactly what these service providers ask for and you may make $1500 on a monthly basis. One other strategy, develop interesting domains and register these yourself and market them on the after-market.2. eBay. Numerous people like ordering things on eBay, for the reason that it is very low-priced. And several consumers hardly ever order on eBay, as they are concerned of being cheated. The following is your method to earning easy money with eBay. Visit Your local Craigslist ads.Com and find out exactly what merchandise people buy generally. Take a look at cost. Then simply head over to eBay and then determine, if you possible could obtain it much less expensive. As soon as you locate your individual niche market, you should buy stuff at eBay (or much better, become an agent for a eBay power seller) market these products for more than you paid for it by means of free classified sites as well as Craigslist for your area. You can accomplish this on the net also. Create a proxy retail store, as soon as you are given an order, merely purchase the same exact product on eBay for less, replacing delivery street address from your own to that of the client.3. eBay Writing. If you’re accomplished at writing, head over to eBay and search for high ticket stuff, such as cars. Locate listings having completely bad information. Get in touch with an owner and educate him or her that a good explanation regarding his or her product will likely boost the possibility of that product being sold. Then simply provide your expert services for a 1% of the price sold.4. Get money Creating Critiques. This specific plan arises from a website named Business Ideas That Work. There are websites that compensate close to fifty bucks for every very good review. However, for anybody who is great at examining computer software, this can be accomplished all on your own. Head to a type of web site who lists software systems. Uncover internet sites which do not have any sort of reviews or testimonials. Make contact with the site builders direct, offering up them your individual review services. Excellent reviews as well as testimonials boosts revenue, and that means you will not have virtually any challenges winning over designers that they need to have your offerings. Additionally you end up getting free of charge software programs along with online games. Oh, and you don’t need to restrict your self to software programs exclusively.5. Social Bookmark Submitting. This really is very easy money online. These websites bring a boatloads of visitors. And visitors will mean cash. For those who have knowledge producing titles and getting to the top of these news sites, why not provide your expert services? Say, a person bills 10 bucks for publishing information to social bookmarking websites this could add up quickly. It is very important to work solely with fascinating articles, so you do not turn into a spammer. Ten reports each day and you will be $100 bucks wealthier. You may most likely work out an offer with on the internet public relations companies, since they are completely unaware concerning this strategy.6. Creating Google Ad Words Adverts. Whenever I see Cake Icing. Used And New or 5 ideal internet sites on getting rid of your sweetheart, it makes me contemplate. Aren’t there any GOOD Ad Word ad copywriters? Look’s like a great job to me. Typically the adverts are merely about three lines long and when you request $10 us dollars for every advert, you could make a lot of cash. And the prospects are really easy to get, too. Merely check out all of these horrible adverts which Yahoo or Google reveals on their search results.7. Crazy Weblogs. There are bloggers that get big bucks each day from Ad Sense alone, composing on crazy subjects, such as interesting news or current events. Or even consider another blogger, who states that US President Bush in an alien and a reptilian. Your site doesn’t have to end up being real, it just needs to be fascinating.8. Blog Post Writing. There are many companies, just like PayPerPost.Com, that will spend for advertising blogposts. Yet again, you can perform a similar thing, trimming the middleman out.9. Personal Advertisements. Create unforgettable individual advertisements for on the internet daters. The majority of individual advertisements are terrible. Hi, my name is Bambie, I’m a Aquarius, I’m 18 and I love to spend time with my dogs. If individuals pay money for joining these sites, they may pay money for an excellent personalized advertisement. Definitely easy money for a few.10. Poet For Hire. This really is absolutely nothing brand new. Still, if you love composing beautifully constructed wording, why not generate cash using your rhymes.If you get pleasure from writing articles and are also interested on how to earn easy money online the choices really are unlimited you just have to think outside the box.
Whether you’re in the market for a major interior overhaul or you’re simply looking to give your home a quick and easy update, chances are you’ve spent some time online hunting for ideas and inspiration. That said, it can be pretty deflating to stumble upon a look you love only to discover the price to achieve it is well above your budget.
Fortunately, there are some killer home decorating blogs that show you how to refresh, revive, and fall in love with your home anew without breaking the bank. For a home that looks far more expensive than it costs to create, check out the following blogs for all of the interior inspiration and DIY tutorials you’ll ever need.
Welcome back to the week 5 update for the One Room Challenge. Check out the blog posts and updates for week 1, week 2, week 3, and week 4 if you missed them. It’s crunch time now and I’ll be honest… I don’t know that this project will be completely wrapped up for the reveal date. The great thing is the reveal and hitting a deadline is not the only goal of reason for this challenge. Ultimately having a fully functional and hopefully beautiful bathroom is where we want to end up even it things are a bit delayed.
Disclosure: this post contains affiliate links.
When we left off last time the countertops had been templated, the trim was freshly painted and the hardware had been ordered. The hardware took about 1 week to arrive. We chose the Menlo Park 4″ pull from Schlub in chrome because I think the pull has the perfect mix of square and some rounded elements that make it a great transitional hardware option. We went with all pulls for the drawers and doors since the knob option in that line weren’t our favorite.
Guest Bathroom Reno: Quartz Countertops and Grout – One Room Challenge Week 5
The quartz countertops are now installed and things can be put back together. Rectangle, undercount sinks were also purchased through the fabricator. The Marble look quartz from Pental and it is gorgeous with the warm gray veins running throughout. For the edge went for a flat polish eased edge for a clean, simple look.
Guest Bathroom Reno: Quartz Countertops and Grout – One Room Challenge Week 5
Two days after the quartz countertops were installed the tile installer came back to finish up tiling the niches, installing the tile base and grout everything.
Guest Bathroom Reno: Quartz Countertops and Grout – One Room Challenge Week 5
The electoral is being relocated for the new lights. There are some drywall and painting touch ups to do and plumbing fixtures to be hooked up. Plus adding all the finishing touches ???? All those little things like towel hooks, curtain rod, and accessories will bring this whole thing together.
It’s been too long since I’ve updated and even longer since this work has been started. This is me sharing remodel updates, mostly for myself (but also for my nagging family members). I’m sharing photos of the progress that has been made while also document the craziness that has gone on. This is just the beginning of the remodel.
Prior to moving in I had 3-4 weeks where my apartment lease overlapped with the possession of my townhome. This allowed me, with the amazing help of my family, to paint, tear-out carpet and somewhat put back together the upstairs portion of my place so that I could have a clean room to put a bed. At least one that wasn’t completely torn apart. One area that felt more livable that the rest. If you haven’t seen or don’t remember these are the before photos from when I took possession. To list it out here are the main things that I was tacking during those week prior to me moving in.
Phase 1 Remodel Projects
ripping out baseboard, carpet and tack strips upstairs and preparing for new hard surface flooring. (this flooring will go throughout minus the stairs and bathrooms/laundry)
installing flooring upstairs (one of my installers did this)
mostly gutting the master bathroom
installing a new tub and rough in plumbing for the master and powder bath
ordering and installing a rift white oak vanity for the master
Painting (and priming where needed) the ceilings and walls of the bedrooms. Caulking and painting the crown molding in the master
replacing and upgrading the baseboard heater in the master and patch the drywall
painting the hallway and down through the stairwell
adding skirt board to the stairs
installing new carpet and pad on the stairs (my carpet installer from work did this)
removing upper cabinets on the fridge side in the kitchen
partially demoing the wall diving the kitchen (prepare to move switches, outlets, heater and thermostat)
removing drywall on wall next to bar in dining area
painting the downstairs powder bath and removing vanity to prepare for a new floating vanity
Those were the main projects that took place and then I moved in the day after Thanksgiving. Getting rid of the original, nasty cat carpet and new flooring made a huge difference to the upstairs. Also neutralizing and lightening the paint made things feel so much more fresh. I still have no baseboards but I’ll get on that one day! For now here are some photos that I snapped along the way.
It’s been a while since been posting on here but I have some new updates and projects that I have been working on. Last summer into fall I was house hunting while knowing the lease on my apartment would be expiring end of the 2019. It felt a little crazy but was a fun process for me. After a bunch of searching I found and closed on a new home!
I was lucky enough to have a few weeks of overlap with my apartment (I ended up moving out 1 month early) so I was able to get started on projects and updates prior to moving in. I’ll share more about those in the coming weeks (there are still so many unfinished things!) but for now I think it’s best to start with some before photos. Also, follow along on Instagram where I post current project updates more often. The pictures show it in the state I bought it in. It’s a great first place to me and was functional as-is but as you might expect I’m here to make things my own by doing updates that I will enjoy while living here and that will also add value and functionality to the space down the line when I sell… or maybe even keep it as a rental. My dog, Nova, has been enjoying the space as well ???? There are a couple of things to miss about my Bothell apartment but I am very ready to have my own place and space.
In 2017 the guest bathroom was remodeled. You can see more photos and read about that here. Almost everything came out and all new things went back in. From emails and comments people have been asking for sources so I have rounded up what I could in this post to share paint colors, products and links that I could find for the bathroom.
Bathroom Sources and Details:
Wall color: BM Balboa Mist
Trim and door color: BM Chantilly Lace
Floor Tile: Pental Mark Chrome 12×24 matte
Shower tile: Jeffrey Court Weather Gray 4×12 gloss subway
Niche tile: Daltile clio mosaic
Bathtub: Maax Rubix tub
Cabinet: Spencer Cabinets – painted BM Cape May Cobblestone
Countertop: Pental Quartz Misterio polished 3cm
Cabinet hardware: Schaub Menlo Park Pull in chrome
Faucets: Hansgrohe Metris single handle in chrome
Shower trims: Kohler slide bar kit, wall mount supply and Hansgrohe tub spout in chrome
Mirrors: Homegoods
Towel Hooks: Delta Tolva robe hook in chrome