The more properties you manage, the more profits you receive in return, which will help with your expansion to acquire additional assets, further growing your business and eventually creating a franchise. When people spot that you have multiple properties and locations, it provides trust that you are not a fly by night property management company and that you have the experience that is needed to handle people and problems in the rental industry.
Ryszard Wojtuniecki
Managing Properties That Are Out of State by Ryszard Wojtuniecki
Owning properties for rent in a great location can produce revenue, but if property management is not your full-time job, it is best to hire a property manager to take care of problems that arise. If you have a property in Florida but live in Michigan and you have a problem with one of your tenants, it will cost you more time and money to travel on short notice, than having a property manager in Florida to take care of the issue.
Ryszard Wojtuniecki best approach for Collecting Rent from Your Tenants
Collecting rent from your tenants is sometimes challenging. Various payment methods can be set up with different apps such as Venmo, PayPal, and others to make it easier on your renters. Depending on the type of property, whether it is an apartment complex or a rental house, keeping track of who has paid by having them all online will prove to be much more effective for you as well.
Ryszard Wojtuniecki commenting on Managing Tenants
The tenant experience is very different depending on the person renting the property. Some may not pay rent on time, some may be loud, and others keep their property nice and tidy. As a property manager, one of your jobs is to keep the good tenants and evict the problematic tenants. This is a tough position to be in. It requires a firm hand to tell someone when it is time to shape up or leave. Bad tenants can push out your good tenants, which is why when you are having issues with a bad tenant, it is crucial to speak with the good tenants to assure them that you are doing your best in taking care of the problem.
Why Hire a Property Manager? by Ryszard Wojtuniecki
Managing properties can be a burden; dealing with tenants not paying rent, figuring out fluctuating market prices, filling vacancies, and addressing property maintenance is difficult for any one person. Property managers are experts at all the above. They take care of the everyday responsibilities for your property, so you do not have to stress or spend hours trying to resolve issues. Property managers are experts and understand the hassles and that rental owners experience. If you need help with your property, contact Ryszard Wojtuniecki.
Ready and Upgraded For Winter by Ryszard Wojtuniecki
Ryszard Wojtuniecki getting his commercial properties ready and upgraded for winter. Each year he applies his 10 point readiness list. If you would like to save money during winter, preparing your property saves money. Insulating your doors and windows, cleaning your gutters, drains. Prevention is always less costly then expensive repairs.
