Modern Landlord

Resources for Modern Landlords
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Property Management fees Part III

What to charge for property management fees is a difficult question that every company must face. Setting them to low will leave money on the table. Set them to high though and you’re likely to have less customers. Finding that middle spot is always the goal. If you haven’t read Property Management Fees Part I or Part II, you might want to start there. In this article we’re going to…

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Property Management Fees Part II

Setting property management fees is a complicated task. It’s important to set them right from the beginning because they’ll be far harder to change down the road. If you missed the first article on Property Management Fees Part I, we recommend you read it first. Just click here. There are a number of things to consider when setting your fees these include: The type of property: condominium, single-family home, triplex,…

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Property Management Fees Part I

There are a number of things to consider as a property manager when setting your property management fees. There is no right or wrong answer, but it is important to consider a number of things before setting your fee. If you don’t know the difference between a property manager and a landlord you can learn more here. This article will outline the best practises of setting your property management fees….

Laundry Facilities: What You Need to Know

Here are some of the questions that you need to go through when thinking about adding a laundry facility to your building. This article will highlight the basics of what you need to know about laundry facilities. How important is it to have laundry facilities in your buildings? Or in each individual unit? Will this affect your turnover rate? In a recent study by the National Multi-Housing Council 88% of…

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Should you require your tenants to have renter’s insurance?

Many people don’t have renter’s insurance  because they’re unaware of its existence. There are so many types of insurance out there that it can be hard to figure out which ones you need to purchase. Most people stick with car and health insurance because they are readily available and easy to buy. Of course, it helps that every second commercial is for auto insurance. We all know Flo and the gecko. Do you…

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Five Must Ask Questions for a Rental Applicant

Finding an ideal tenant is a numbers game. Most tenants will quickly be disqualified in the screening process as unsuitable for your rental property. The more applicants that apply the better your chances are of finding a good tenant. Using these five questions will help you quickly assess the quality of an applicant for your property and improve your chances of avoiding bad tenants. The five questions that you need…

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How to deal with bedbugs

Bedbugs are disgusting. There’s no other way to put it. These tiny wingless insects consider any warm-blooded mammal their next meal and if one of your tenants reports little bites on their legs you need to take care of it ASAP. Where do bedbugs come from? Bedbugs like warmth. They are attracted to the carbon dioxide that we emit. They also love pets. They can’t grow in your home, they…

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