Property Management

Video: Hiring a Property Manager

Posted on January 02, 2018 by James Florence

SAN JOSE — Host, Sarah Rutan: When selecting a company to manage your rental property, there are a few attributes you should look for. Today we’re in San Jose with Diamond Certified Expert Contributor Sam LaPlaca of CM Property Management Inc. to learn more.

Diamond Certified Expert Contributor, Sam LaPlaca: When looking for a property management company, there are a few things you should keep in mind. First of all, you want to make sure that the company handles your type of property. So, if you have a single-family house, a condo, an apartment building, a commercial building, make sure that the property management company is experienced with the aspects of those properties. Read more

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3 Attributes to Look for in a Property Management Company

Posted on January 02, 2018 by James Florence

SAN JOSE — Managing a property is a big responsibility, which is why it often makes sense to leave it to a professional. However, you’ll want to make sure the company you hire is willing and able to provide top-notch service. Here are three attributes to look for when choosing a property management company.

1. Relevant expertise

Make sure the company you hire is accustomed to managing the type of property you own. Even if a company has experience managing single-family homes or condos, it may not be experienced in managing full apartment buildings or commercial properties, and vice versa. By hiring a company with relevant expertise, you’ll have more confidence in the service it provides. Read more

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4 Benefits of Using a Property Management Company

Posted on December 13, 2017 by James Florence

SAN JOSE — Managing a rental property can be a difficult task, which is why the aid of a property management company can be of significant value. Consider the following advantages:

1. Better tenant screening

A property management company has the resources and procedures to accurately screen new tenants, which decreases the chances for problems in the future.

2. Proactive maintenance

By keeping your rental property maintained, a property management company will help preserve its value and maximize your income.

3. Reliable vendors

A property management company’s ongoing relationships with landscapers, plumbers, HVAC technicians and other vendors enables it to get fast, reliable service. Read more

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Property Manager Responsibilities

Posted on December 13, 2017 by James Florence

SAN JOSE — A property manager has several responsibilities, both during and between tenancies. Here are just a few of them:

Prepare the rental property. When a rental property becomes vacant, the property manager oversees preparations for the next tenants. Besides dealing with any needed cleanup or repairs, the property manager takes steps to mitigate liability by verifying compliance with legally mandated safety requirements, such as current smoke and carbon monoxide detectors.

Screen tenants. A property manager takes multiple steps to screen potential tenants, including verifying income and assessing rental history. By doing their due diligence, a property manager helps ensure only qualified tenants are admitted.

Draft the lease agreement. Read more

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An Insurance Tip for Rental Property Owners

Posted on July 11, 2017 by admin

SAN FRANCISCO — An important aspect of owning a rental property is having the right insurance policy in place. After initially owning a primary residence, many property owners move on to a second home and keep the first as a rental or investment property. A common mistake in this instance is neglecting to update the first home’s insurance policy in conjunction with the change.

When you own a home that’s your primary residence, your insurance policy is called a homeowners insurance policy. However, when you rent out a property where you’re no longer living, you need to update that property’s insurance policy to a rental insurance policy. Having the correct insurance policy in place is crucial to avoid unnecessary costs in the event of an issue with a tenant or the property itself. Read more

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Taking a Preventative Approach to Tenancy

Posted on July 11, 2017 by admin

SAN JOSE — When it comes to managing a rental property, preventative maintenance is essential. In addition to maintaining the physical aspects of the property itself, however, an equally crucial part of preventative maintenance is handling non-physical aspects such as pre-qualifying tenants and composing rental agreements.

Pre-qualifying your tenants
If you’re planning to rent out a home or apartment, one of the most important steps you’ll need to take is to pre-qualify your tenants. This includes looking into a tenant’s rental history and verifying financial aspects like income and credit history. By meticulously vetting potential tenants, you’ll be able to better protect yourself and your property from unanticipated problems.

Composing your rental agreement
Make sure your agreement covers all aspects of the tenancy, Read more

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Video: Considerations for an Investment Property

Posted on July 11, 2017 by admin

SAN JOSE — Host, Sarah Rutan: When it comes to managing a rental property, there are a few important things that you’ll need know. Today we are in San Jose with Diamond Certified Expert Contributor Sam LaPlaca, of CM Property Management, to learn more.

Diamond Certified Expert Contributor, Sam LaPlaca: Preventative maintenance is very important on any investment property. There’s the physical preventative maintenance, things like keeping your rain gutters clean so they don’t back up and cause damage to the roof. Keeping trees trimmed, off the building or off the roof so that doesn’t advance the deterioration of any of the roof or the property.

I’m going to talk today about the non-physical aspects, Read more

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