Palm Coast Property Management Blog

Responsive property management teamPutting together an agile team is a concept that is mostly linked with software development, but seeing the profitable approach many industries have been adapting to this thought process? Real estate is no different; adding an active property management team can benefit in the long and short-run both.The...

Among other duties and responsibilities, a rental property manager also must see through the lies and deception, and there are many daily. Tenants deceive and lie a lot, whether it's about their income or their rental application or credit, a landlord must be sunning enough to catch these lies.These may seem like white lies, but there...

Like every other landlord or property manager, it is your desire to have tenants who continue to live at your rental property for a very long time. Nothing is permanent and every tenant that comes in has to move out one day. But you can avoid frequent and costly tenant turnovers if you are able to retain your tenants for a long time. Here...

Others envy you for getting passive income month after month, but they don’t realize the risks you are running. From dealing with applicants and collecting rent from tenants, you manage everything with your rental property including repairs and maintenance. Last thing you want is a bad quality tenant and therefore, you use tenant sc...

When you are just starting out as an investor, you have very little idea of how things work in this industry. You are just building your team and it is natural to make mistakes costing you dearly. However, it is a good idea to learn from mistakes committed by others and from the tips given by experts and seasoned investors. These tips hel...

There are some tenants who can prove difficult to handle. They not only pay their rent late and after receiving reminders but also take offense to whatever their landlord has to say or tell them about taking care of the rental property. How do you communicate with these difficult tenants and make sure they have understood your point of vi...

Climate change is a topic of hot discussion all over the world. Rising sea levels, severe flooding, fires in forests, and snow fall in unusual places are bothering governments around the globe. In U.S, the flash floods in the Midwest region this year caused damages to the tune of $1.5 billion. In 2018, the country saw real estate damages ...

Like business, cash flow is very important for a real estate investor. You need to understand what positive cash flow is and how to calculate it when investing in a rental income property. If the difference between your earnings and expenses is positive, you can breathe easy as your property is enjoying a positive cash flow.Income should ...

Pets have become very common in households around the country and almost every family has a pet or two these days. In such a scenario, it is advisable to have a rethink on your policy of no pets if you are the owner of a multifamily apartment building. With a vast majority of your target group of renters being pet owners, you are hurting ...

As an investor, the most important thing for you is the profit you make on your investment. But when you buy a rental income property, your profit is the money you earn in the form of rent you receive from your tenants. Of course, the value of the property increases over a period of time but you are mainly concerned with its rental income...