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One thing that is often undervalued is the condition of the property. Many landlords look to cut costs on repairs as much as possible which sacrifices quality. Granted, a unit that rents out for $800 doesn't need a GE Profile refrigerator or a Viking cook-top, but consideration must be made when selecting the proper materials.... Read more.
Lets face it, most people dread tax season. It usually means a lot of work preparing year-end financial statements, getting your receipts in line, and preparing your own taxes. There are a lot of important things that property managers need to consider to get themselves ready.... Read more.
Water leaks can be very destructive to both the home and the tenant's personal belongings. Its important to know how to properly respond to any type of water leak. In general, tenants are responsible to act quickly and in a timely manner by reporting a water leak right away while taking certain steps in order to protect the property and prevent further damage.... Read more.
Tenants Guide to Mold Contamination and Exposure: Part 2
YOU ARE POSITIVE THAT THERE IS MOLD, WHAT DO YOU DO? Do not panic. There is a lot of hype about mold but the reality of mold is that in most cases, it does not result in permanent side effects.... Read more.
Tenants Guide to Mold Contamination and Exposure: Part 3
Before calling your local attorney who’s name is plastered on every billboard in sight, there are several important things to consider. The first is your lease agreement and local laws. Most leases are written in a way to protect the landlord from being sued from a resulting mold loss.... Read more.
Let’s face it; no one wants to have a vacant property. There are times when property owners need to fill a vacancy right away. Whether is because of financial hardship or they are leaving the country for an important business trip, a landlord may pressure you into putting the first person that shows interest, its important to know what the consequences are so property managers can advise their client... Read more.
In the event of a water loss its important to respond immediately. Find out from the tenant how bad it is. If remediation is needed, then send a company out right away. Inform the tenant that they need to try to contain it with towels or anything else that can block the water from going into the unit further. In addition, inform the tenant to try and protect their personal belongings.... Read more.
How to Properly Handle a Honolulu Property Inspection – Professional Property Manager Explains