Property Management Blog

Wednesday, February 5, 2020

Will My Investment Property Cashflow?
Will My Investment Property Cashflow?
Will My Investment Property Cashflow?When you invest in real estate, you make your money when you buy. The buy and hold strategy of real estate investing is a basic concept. Buy a property, rent it out for more than your monthly expenses, and collect cash. The biggest factors to this strategy are: buying properties for a good price in a g...

Tuesday, January 7, 2020

Uptown Properties' Recent Syndication Acquisition
Uptown Properties' Recent Syndication Acquisition
Uptown Properties recently completed its first syndication acquisition.  There is still a long way to go on the value addition but I was reflecting while on vacation on the purchase and wanted to share some of the items that I believe that we've learned along the way. Financing is hard.  I should probably say that again. &nb...

Friday, January 3, 2020

I Just Signed a Management Agreement, What's Next?
I Just Signed a Management Agreement, What's Next?
First off, we would like to welcome you to Uptown Properties! Congratulations on taking that first step to a smooth rental. After signing that contract, there are just a few more things to get you up to speed. One is to fill out an Owner Intake Form. This form will provide us all the information we need in order to onboard and market your...

Monday, December 9, 2019

What Makes My Property Rent Ready?
What Makes My Property Rent Ready?
What makes my property rent ready? I have conducted hundreds of move out inspections for clients before putting their homes up for sale or for rent. I find it is incredibly important to have a 3rd party provide their honest opinion of the condition of the home, especially if it was your primary residence. The move out inspection is d...

Friday, December 6, 2019

Why Should Someone Attend WIN and What is it?
Why Should Someone Attend WIN and What is it?
Do you want the tools to make your real estate investment career a piece of cake? The Westside Investor Network is a group of property owners and property managers who have been there, done it – and gotten a T-shirt. Their aim is to equip those who are ambitious enough to invest in themselves, so they can turn around and invest for ...

Tuesday, December 3, 2019

How Long Should My Property Be Vacant?
How Long Should My Property Be Vacant?
So, how long should your rental stay vacant? It really is an important question with more than a couple variables. For starters, contrary to popular belief, vacancy is the most crucial determinant in establishing profitability for your rental asset. This is why the formal practice of setting parameters for ‘acceptable’ periods...

Tuesday, November 19, 2019

Selling a Tenant Occupied Property
Selling a Tenant Occupied Property
Selling a Tenant Occupied PropertyMy investment property is rented out but I want to sell it. Selling an occupied investment property is similar to any other real estate sale with a few additional steps to be aware of. Timeline:Marketing the property: Potential buyers want to see as much of the property as possible, and the best way ...

Tuesday, November 12, 2019

Costs: What is owner responsibility vs. tenant responsibility
Costs: What is owner responsibility vs. tenant responsibility
When you move into a property, it should be clean inside and out.There should be no safety issues, all appliances should be in working order, there should be no plumbing issues, landscaping should be in good order. When you move out, the property should be returned in the same condition as when you moved in. Things can happen to the prop...

Tuesday, November 5, 2019

Winterizing and Prevention Tips for your Comfort and Safety this Winter
Winterizing and Prevention Tips for your Comfort and Safety this Winter
Freezing weather is quickly coming to our area. Here are some things you can do to make you and your family more comfortable and safe through the winter monthsPrevent pipes from freezingFaucet covers are an easy and economical way of protecting your outdoor faucets. Uptown Properties will credit your tenant portal for up to two faucet cov...

Monday, October 28, 2019

Steps to Rehab Your Property
Steps to Rehab Your Property
All right, so I'm going to talk about how to rehab a building or unit. The first thing you want to look at in rehabbing is for one, how much money you have, and then what needs to be done for safety, necessity and cosmetics. So, when you're looking at that, first things first, you absolutely have to get things done for safety r...

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