Property Management

WE ASKED THREE NEXUS GENERAL MANAGER'S WHAT SEPARATES THE BEST PROPERTY MANAGEMENT COMPANIES FROM THE REST:

There are a lot of property management companies out there vying for your business but how can you really get a sense for which one is the best fit for you? Hopefully you're doing your homework by reading Google Reviews (the good, the bad, and the company's responses) and lining up interviews. Asking for references can be helpful too. But as is the case with any big decision, it's always helpful to have a couple specific expectations in mind.

WHO SHOULD PAY FOR WATER AND SEWER? THE LANDLORD OR THE TENANTS?

A question we'e getting more and more in recent months from incoming property owners is whether or not they can make life easy and just have the water and sewer bills paid by the tenants. In the current environment where the cost of everything continues to rise, we certainly understand where the question is coming from.

WHAT TO DO WHEN YOU ACCIDENTALLY CATCH A SKUNK

These days it's all about the algorithms and using a title or headline that will apply to the largest amount of people...well, that's not quite the approach here. As Nexus Worcester Franchise owner Jesse Mayo shares, he's likely the only landlord in history that's had to deal with this issue.

ENSURE YOU’RE CALLING THE RIGHT TYPE OF PROPERTY MANAGEMENT COMPANY

MAIL DELIVERY HAS ACTUALLY SLOWED IN RECENT YEARS…HOW CAN YOU COMBAT IT?

Although online and digital options for rent payment are pretty widespread these days, there are countless numbers of people who still rely on the U.S. Postal Service to ensure their rent payments reach their landlords on time. And in recent years, the delivery time has indeed grown. Case in point, our New Haven County office is currently waiting on a money order that has taken over 7 days to land! And these extended delivery times are becoming more and more common.

WHAT DOES A PROPERTY MANAGEMENT COMPANY OFFER? #5: LEGAL COMFORT

SERIES OVERVIEW:

As the world around us gets more and more expensive, it’s common for smart investors to look to see where they can save a couple bucks. Professional Property management might be skimming anywhere from 14 to 6% off your monthly bottom line…so is it worth the expense? Is this somewhere you can save to build a cushion against the increasing financial risk that comes with rising insurance prices, taxes, maintenance costs, and changing conditions for tenants? 

THERE’S ONE KEY FACTOR THAT CAN UNDO ANY ADVANTAGES OF HIRING A PROPERTY MANAGER

Hiring a reputable property manager is a great way to ensure you’re on the right track with your real estate investments. A property manager will help you make important decisions about your rental properties and will take care of all of the headaches that come with investment property ownership. They’ll handle your leasing and maintenance so that you can sit back and collect passive income.

MORE OFTEN THAN NOT, TENANTS ARE RESPONSIBLE FOR THEIR OWN PROPERTY WHEN SOMETHING GOES WRONG

Insurance related issues can be complicated and a bit uncomfortable when something goes wrong and you think someone else might be to blame. When there are questions about responsibility for damages, the best thing you can do is reach out to your insurance provider. With that in mind, storm season is upon us and as some of our clients in Rhode Island and Massachusetts recover from a recent tornado that touched down, it seemed an appropriate time to pull this video out of the archives.

Fostering Trusting Relationships Is Better Business Than Following Emotions

It’s been pretty well publicized that anxiety has become more and more prevalent in recent years. A recent book about the “Anxious Generation” has been a top seller for over 11 weeks and everywhere you turn people are prophesying doom. Coming out of a world-wide pandemic with smartphones and Social Media with algorithms that point us in that direction helps explain this.

THE FIRST TWO MONTHS ARE ALMOST ALWAYS THE MOST CHALLENGING

With housing prices, housing supply, and interest rates all stuck in the mud, more and more property owners are dipping their toes into the rental market. If you’re one of those people, congratulations on making a wise choice. Being able to collect rental income to cover your mortgage and other expenses is a great way to build equity and let your money work for you.