Property Management Made Simple

A fast, simple and effective way for landlords to manage their property portfolio with minimum hassle.

Being a landlord or a property manager can be an arduous task. There is usually an endless list of jobs that need to be taken care of, whether you’re managing a single property or a vast portfolio. There are several landlord property care apps offered by property management groups to help property owners in managing their property and keep everything running smoothly, taking the stress out of daily tasks.

WHY DO I NEED AN APP FOR THIS?

Downloading the app provides a simple and efficient way for you to manage your properties. It’s intelligently designed, easy to use features have been developed by the experts in app development to cater for your specific requirements. With its key features you can digitally take control of all tasks with a swipe of your finger.

KEY FEATURES:

Managing Tenants
Monthly rental payments
Utility management
Rent review
Property inspection reports
Annual safety tests
Lease management
Print yearly/ monthly taxable finances.

MANAGING TENANTS AND RENT

When it comes to managing rent owed and tenants the app couldn’t make it simpler if it tried! You go to the sub section you need, click the icon and straight away you can add new tenants, storing their personal information i.e. phone number and address, as well as their moving date and contract end. As for rent you merely need to select the property in your portfolio, specify the date, rental fee and Estate agents commission and you’re sorted. This saves a lot of time and productivity in the long run, meaning you’re not chasing any overdue payments or tenant details.

TAX MADE SIMPLE

Everyone knows that trying to keep on top of yearly tax returns can be a nightmare, but this is just another reason why this app is extremely beneficial. It allows you to do your own book-keeping on the move, by logging all of your income and expenses, when and where you necessary, to keep on top of your accounts. In the long run this will be more beneficial for your accountant or even for yourself if you organise your own accounting. Moving forward, this means you can review monthly and yearly reports with the tap of one finger, as well as track your taxes making your End of Year returns report easy to access, and print off for your benefits.

The same format is used when logging Expenses, again these are all kept in one place, and you can easily input property expenses through their individual property details and log important expenses such as Interest only mortgage, Capital Mortgage, Repairs, Insurance, Cleaning, agents involved etc.

ADDITIONAL SUPPORT

An additional benefit is that you will have a dedicated support team which promises to assist you with any technical and non-technical help that you may require. This gives you reassurance and trust that your portfolio details are in the right hands, and that all information is deemed confidential, to which you will only have access to, and none of which will be shared to other Property Managers.

In conclusion the Landlord Property Care app is truly a sensational digitally advanced way to manage all your business related requirements from your phone, and is considered to be the way forward in Property Management advancement.

The Top Mistakes To Avoid When Buying A Property For Sale

Investing in a new property entails a lot of hard work and preparation. You can’t rush into making a decision since this kind of investment requires a substantial amount of money. The last thing you want to happen when buying a property is regretting the decision you make and not being able to recover any of the money you spent on purchasing your new home.

As such, when buying a property for sale, it would be helpful to know the usual costly mistakes that come with this endeavor. By knowing these mistakes, you can prepare for them in advance and know how to avoid, mitigate, or best deal with them.

Below are some of the usual property-buying mistakes investors can make:

Doing a blind search. Starting your search for a property for sale without a solid framework can be quite costly. Without some criteria for selection, you will go over the budget. As such, when shopping for a property, come up with a list that includes your must-haves, nice-to-have features, and non-negotiable factors. And whenever checking out a property, always refer to your notes.

Limiting your search for the ideal property to buy. Not looking around enough is a common mistake property buyers often make. A lot of buyers have their hearts set on a particular neighborhood or city. They may want to live close to their place of work or their children’s school. However, they shouldn’t be the main reasons why you should limit your search area. It’s always worth checking out other areas. As long as you have options for traveling and commuting, widen your search area. You may just find the perfect property that meets your requirements and budget.

Not visiting the property several times before purchasing it. You will certainly find a lot of good things in a property that you viewed for the first time. However, don’t submit an offer for this property on your first visit. If the seller is motivated and ready to sell, he or she may rush the process and try to force you to make a hurried decision. After your first visit, sleep on it and return to check it again after a few days. Open all the cabinets and drawers, look under the stairs and rugs, and peek behind the wall coverings. Drive around the neighborhood as well. Pay attention to the level of noise and the possible rowdiness of neighbors. You can also take the time to talk to some of the residents in the neighborhood and find out if they would recommend that you stay in this area as well.

Making a decision based on your emotions. Lastly, deciding to buy a property for sale because it reminds you of your home when you were younger can also be a costly mistake. Just because you like the fa├žade of the property, you may ignore the fact that the roof may need some repairs or that the plumbing system is already old – expenses that you won’t want to pay for. As such, it is best to leave your emotions out the door when it’s time for you to make your final decision.

Reasons for Hiring a Property Manager

The dreaded phone call comes in that your tenant has a clogged toilet at 8pm at night. What now? So you scurry over to your rental property to determine if you can fix it. You check it out, maybe even try to plunge it. Nothing happens, still a slow drain and a gurgling noise. At this point you have wasted over an hour of your time, time that you should be spending elsewhere.

You shrug your shoulders and tell your tenant you will call a plumber as they will need to snake the drain. Giving your tenant the benefit of the doubt that there are likely roots in the main line which is causing the gurgling. You finally get a hold of a plumber that will be there sometime tomorrow between the hours of 1 and 4 pm… and you need to be there to authorize work. Ugh! Now what?

So you take the afternoon off of work and wait for the 30 minute courtesy call that they are on their way. You get the call! You head over to the rental property and meet the plumber, the tenant says that the slow drain and the gurgling is still happening. The plumber looks for the clean-out, but can’t find it and you aren’t sure where it is. So the plumber goes to the roof with his snake. 30 minutes later he comes down with a child’s small toy that had been flushed down the toilet. OK, not great, but at least it’s fixed for a couple of hundred dollars and not tree roots. The plumber goes back inside to test the toilet and comes back out with bad news… still won’t flush!

So now the plumber says, do you want me to pull the toilet? That’s another charge. You shrug your shoulders and say yes, because what else are you going to do. The plumber takes his snake inside and pulls the toilet. He starts his snake and out comes a headless child’s doll covered in toilet paper from about 1 foot down the pipe.

Now the plumber comes back out and says, here is what I found. Since the toilet is off do you want me to camera the drain in the case there are more items down there. Of course you say yes, cause if he puts the toilet back then has to come back to do it that is another charge.

Plumber comes back out and says the camera showed nothing else is in the drain. You sigh and he fills out his paperwork along with charges of around $300-400. He puts in his report the issues and the apparent abuse caused by the tenant. You ask him to put as much detail in the report as possible so that you can charge back to the tenant, and he obliges and says good luck with that.

At this point you are into this little project for over 4 hours of your time, half a day off work spent standing outside of your rental, and a few hundred dollars because your tenant’s child decided they didn’t want their toys anymore.

And people say Property Management is to expensive.

Granted you still probably would have paid the plumber, but at a discounted rate. The soft costs are your time, energy, paid time off, and the stress of the situation.