Property Management Blog

Tuesday, January 24, 2017

How to Collect When Your Tenant is Late on Rent | Farmington Property Management Advice

It’s important to have a consistent rent collection policy in place so tenants know what to expect from you if rent is late. If a tenant is late on rent, you need to act immediately. Today, we’re sharing our process for how to collect rent and, if necessary, evict a nonpaying tenant.Establish a Rent Collection ProcessRent is due on the first of the month for our tenants. We try to create normal processes that help us collect from those who are late. We have a zero tolerance for rent ...

Tuesday, January 17, 2017

Winterizing Your Home | A Guide for Rental Property Owners in Farmington, NM

We have arrived in the winter season. The cold weather has come, so we'e providing a few tips that will protect your house from freezing. We've also got some energy efficient tips that will help you conserve energy and make sure the property stays warm during the winter.Protection Factors for Your Property Unscrew all the hoses from the outside hose bibs. We like to cover them with the Styrofoam hose bib covers because it adds a little bit of extra insulation to that hose bib, and w...

Tuesday, December 27, 2016

Help for Landlords with Bad Tenants | Farmington Property Management Education

Dealing with difficult tenants is often part of renting your home, and it can be a challenge. Things can escalate and it's especially hard when they become angry or upset about some of the issues they encounter. There are good and bad ways to handle difficult tenants, and we want to share some of the things that work well for us. These are some of the ways we would provide help for landlords with bad tenants.Listen to Your TenantsFirst, listen to your tenant’s complaints. Do this quiet...

Tuesday, December 20, 2016

Best Move Out Inspection Checklist for Landlords in Farmington NM

There are a few best practices to follow when you're moving tenants out of a rental property. Today, we're sharing those with you.Providing Guidelines and a ChecklistA move out inspection checklist for landlords is the most important tool you will have. When you're moving out a tenant, give them clear guidelines on what you expect to have done and cleaned up before you perform an inspection. We have a great bullet point checklist that tenants can use to go through and capture every a...

Monday, December 12, 2016

How to Get a Security Deposit Back | Farmington Property Management Advice

One of our most popular questions that tenants always ask is – how do I get my deposit back? We have some easy ideas for how tenants can maximize the possibility that they will get their full security deposit back.  Clean the Property Well   We always start by saying the best way to ensure you get your deposit back is to clean, clean, clean your house. Remove all the appliances from the walls so you can scrub any spills behind the fridge or oven. Remember to check anythi...

Tuesday, December 6, 2016

Issues Renting Your Home? Here are 5 Tips for Farmington Property Management

If your house is not renting, you will face a long and expensive vacancy period. There are a few things we always recommend that will get houses moving faster.  Clean the House Thoroughly First, always have the property professionally cleaned, and keep it clean. Prospective tenants like the feel of a clean home when they see it. When we show a spotless house, tenants know that it’s ready for them to move right in. Unclean homes do turn people off quickly.  Create Curb ...

Monday, June 6, 2016

Security Deposit Rules of Thumb – Handling Refunds and Disputes for Your Farmington Rental Propert...

Security deposits are regulated by law for landlords, so it’s important that you understand the requirements and comply with the deadlines and timelines. There are a few things to think about when you’re collecting security deposits at the beginning of a lease and returning the deposits at the end of a lease. Documenting the Property’s Condition Really good documentation is required before a tenant moves in and after a tenant moves out. This goes way beyond simply having...

Wednesday, June 1, 2016

How to Master a Successful Landlord/Tenant Relationship – Property Management in Farmington, NM

As a landlord, developing and maintaining a successful relationship with your tenant will have a major impact on the success of your rental property. You want to be professional and respectful, but not too friendly. Follow these tips to balance your landlord/tenant relationship and keep the performance of your property a priority. Treat Your Property as an Investment First, you must remember that your property is an investment. Treat it as such and avoid getting emotionally attached to the...

Monday, May 23, 2016

How to Handle a Lease Violation – Landlord Tips for Enforcing Your Rental Agreement, San Juan Coun...

When a landlord encounters a lease violation at the rental property, it should be handled according to the seriousness of that violation. The actions you take will depend on what type of violation the tenant has committed. Managing Substantial Lease Violations A substantial lease violation that requires extreme urgency might involve a case where a law has been broken. For example, if there is an incident of domestic violence at your property or a police investigation into drug activity, you...

Wednesday, May 18, 2016

How Long Will It Take to Rent My House? San Juan Property Management Education

One of the most common questions landlords have is: How long will it take me to rent out my property? There are several factors that influence the amount of time your rental home will remain on the market. If your goal is to avoid vacancy costs and get your home rented out right away, follow the recommendations we have for you today. Time of Year Impacts Rentals One of the factors to consider is the time of year. The rental industry has busy seasons, and summer is usually when properties wil...

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