Property Management Software

If you’re a landlord or property manager , you’ve probably had your fair share of bad tenants. It’s inevitable that as a property manager, you will have a bad experience with a tenant at some point. Late payments (or no payments at all), being a constant disruption to the neighbors, violating the rules in the rental contract , illegal activities—these are just some of the most common problems landlords face with bad renters every single day. Unfortunately, there’s no foolproof way to avoid a bad tenant. Even the most thorough screening process can still allow bad renters to slip through the cracks. However, there are a few things you can do to protect yourself and your investment in the event you end up with a problem tenant. Read on to learn how you can protect your property from renters. Attract a quality tenant. The best way to protect yourself from bad renters is to avoid them entirely, right? As we touched on above, there’s no sure-fire way to prevent y...

If you are a seasoned property manager or real estate property investor , you have probably gone through a rehab in your lifetime. If you decide to hire uninsured/unlicensed contractors, you need to be aware of the risks that come along with that decision. When a licensed general contractor is hired for a job, they typically hire sub-contractors for some or most of the work. However, the general contractor bears the burden and overall responsibility for licensing, permits, quality of work as well as safety on the job site. With that responsibility comes potential liability. That’s the reason a valid GC will carry the appropriate amount of liability and workers compensation insurance. These different types of insurance policies protect the property manager or property owner should something goes wrong. Many states will not issue a contractor’s license if they don’t maintain the minimum level of insurance. Insurance protects the professional property manager from hav...