http://www.natodmgt.com/blog Tue, 21 Dec 2010 16:58:55 +0000 http://backend.userland.com/rss092 en   When looking for properties in Michigan, it can be more difficult than just finding a good Michigan Property Management. Prices are so low, that everything and anything can seem like an amazing deals. Remember cheap doesn’t mean value. Be sure to take some extra precautions to be sure that you ... http://www.natodmgt.com/blog/too-many-deals-where-do-i-start/   Not every tenant is created equal, some tenants make cash flow easy and others make you want to unload your property. If you find that you have stumbled on a rough tenant there are some actions that you should consider taking when participating in property management.   1. Get Rid of Them Sooner ... http://www.natodmgt.com/blog/getting-rid-of-bad-tenants/   In times of great adversity emerges times of great opportunity. Michigan has been hit harder than any other state during the most recent recession due to job layoffs at General Motors and other car companies. This has caused many people to declare foreclosure in cities like Detroit. Despite these unfortunate ... http://www.natodmgt.com/blog/real-estate-investing-in-michigan/   Property management doesn’t just involve numbers and advertising, sometimes there are misunderstanding or just plain bad tenants. The key to dealing with conflict is dealing with things quickly, and not prolonging it it as that will make the situation worse. Here’s some keys: 1.  Document everything It’s important to keep a paper trail ... http://www.natodmgt.com/blog/dealing-with-tenant-issues-and-how-to-play-the-bad-guy/   Let’s be honest, the most important reason you bought rental real estate is to make money. This being an important priority, it is important to make sure you crunch your numbers correctly if you want to have financial success in property management. Here are the things that must be considered when ... http://www.natodmgt.com/blog/property-management-that-makes-money/   Big repairs to your unit can severely damage your monthly property expenses. Many real estate investors can get into a lot of trouble be either doing repairs themselves, or having to pay expensive contractors to complete work. There’s good news. Successful property management does not require you to complete the ... http://www.natodmgt.com/blog/cheap-unit-fix-ups-without-your-labor-or-expensive-labor-costs/   Property Management will often require repairs of every nature on a rental home. In fact, things seem to break more severely and frequently in rental property. An unchecked system for dealing with repairs will drain your cash flow and make you life stressful. Good property management requires a system of ... http://www.natodmgt.com/blog/how-to-maximize-your-repair-dollars-on-property-rentals/   Rental Real Estate Investment is about properly managing your cash flow. Their is always a temptation to decrease your monthly cash flow, by not hiring a professional property management company. This may be a successful strategy for a few months, but eventually the time involved in managing your property will ... http://www.natodmgt.com/blog/hiring-a-property-management-company/   Real Estate Investing wouldn't be complete without some horror stories that happened during property management. Successful property managers are able to wade through the market and find incredible tenants.  You'll probably find yourself in this situation. You’ve been shocked by the amount of people wanting to rent your home. Who ... http://www.natodmgt.com/blog/property-management-screening-tenants/   So, your tenants have left, and you realize that your property is worthless without new tenants inside. So, how do find new prospective tenants. Here are some advertising tips: Blanket Every Bulletin Board Find every nearby bulletin board and put a poster on it. These don’t need to be fleshly, but use ... http://www.natodmgt.com/blog/advertising-for-great-tenants-to-fill-empty-units/