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Have you heard about our “Collect 4 Free” Program? Find out how it protects and benefits your Community Association by Katzman Chandler

Have you heard about our “Collect 4 Free” Program? Find out how it protects and benefits your Community Association by Katzman Chandler

  • Posted: Apr 03, 2023
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Have you heard about our “Collect 4 Free” Program? Find out how it protects and benefits your Community Association

by Katzman Chandler

SAVE YOUR ASSOCIATION MONEY & ENSURE FINANCIAL STABILITY.

Katzman Chandler’s Collect 4 Free Program

We guarantee, by written contract, that your Association will NEVER receive an invoice for Costs or Legal Fees advanced and/or incurred by our Law Firm in providing delinquent account collection services under our “COLLECT 4 FREE” Delinquent Account Collection Option.

Contact us today, and let us show you how you can immediately reduce the potential future monetary shortfall in your Association’s budget resulting from owner delinquency, as well as ensure a healthy financial future for your Community…

COLLECT 4 FREE!Katzman Chandler’s “COLLECT 4 FREE” Delinquent Account Collection Option is a truly unique program that guarantees, in writing, that your Association will NEVER receive an invoice for Costs or Legal Fees incurred by our Law Firm in providing delinquent account collection services.

Katzman Chandler’s “COLLECT 4 FREE” Delinquent Account Collection Option promotes efficiency in your Association’s operations by allowing your Community to timely and effectively pursue delinquent accounts and quickly collect delinquent assessments owed, rather than unnecessarily carrying delinquent owner debt on the Association’s books for extended periods of time.

Katzman Chandler’s “COLLECT 4 FREE” Delinquent Account Collection Option provides your Community with the ability to pursue delinquent accounts while avoiding the potential Risk, Liability and/or Financial Exposure to your Association for the payment of Costs and Legal Fees traditionally associated with Community Association Collection and Foreclosure actions.


Why Collect 4 Free?

Engaging Katzman Chandler and electing to take advantage of our “COLLECT 4 FREE” Delinquent Account Collection Option makes complete financial sense for nearly all qualifying Community Associations, including yours. Most Associations qualify. Call us today to confirm that yours does!

We are so confident in our ability to successfully collect upon your newly delinquent accounts, that we are willing to shift the ultimate financial responsibility for the Costs and Legal Fees incurred in the process from your Community to our Law Firm.

Our confidence in this regard comes from our depth of experience in not only handling delinquent account collection, but forecasting trends in delinquent account collection.

Katzman Chandler’s attorneys and staff have successfully resolved tens of thousands of delinquent assessment accounts on behalf of Community Associations over the past two decades, and welcome the opportunity to collect your Community’s delinquent accounts as well – with COLLECT 4 FREE!

If you are a new addition to the Katzman Chandler family of clients, and have delinquent accounts in collection with your prior attorney, Katzman Chandler can take over your Association’s existing/aged collection files and pursue them under a full advancement of Costs and Legal Fees option.

In addition to the obvious benefits of our “COLLECT 4 FREE”, we offer robust online status reports available 24/7, paperless communications sent automatically via email and an owner website portal to facilitate communication, expedite payoffs and obtain quick settlements of delinquent accounts.


Contact us today:

“WE WANT TO BE COMMITTED TO YOUR COMMUNITY”

by clicking the following link: https://bit.ly/3ZHoWOY

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Resident Experience Management platform can help you deliver superior resident experiences and help you exceed resident expectations.

Resident Experience Management platform can help you deliver superior resident experiences and help you exceed resident expectations.

  • Posted: Apr 03, 2023
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An effective portal solution for managing electronic communications with features that increases the resident experience. In this article, we look at how our Resident Experience Management platform can help you deliver superior resident experiences and help you exceed resident expectations.

By Concierge Plus

Due to pandemic restrictions, many management offices were inaccessible to residents. This caused a greater reliance on telephone and e-mail communication. For many residents, failure of management to respond to their queries in a proper way created distrust and a perception that the management company is incompetent. The root cause to this problem is the lack of an effective portal solution for managing electronic communications with features that increases the resident experience. In this article, we look at how our Resident Experience Management platform can help you deliver superior resident experiences and help you exceed resident expectations.

Efficient maintenance request process

The main responsibility of any management company is to ensure that community associations are well maintained. Residents should be able to report maintenance requests as soon as possible from wherever they are. While calls and text messages can get your attention, residents might not be able to explain the situation entirely. However, via Concierge Plus’ Service Request feature, they can give details of their concern and even upload pictures or videos to aid their explanation.
Requests are always tracked by unit, so you’ll always be able to access a history of what happened. And full reporting features mean you can very quickly generate all the information you need to update your board or your residents.

Mobile-Service-Request

Transparency in association governance

Since the tragic Surfside condo collapse in Miami, residents are asking for more transparency from their elected board members. Transparency is characterized by visibility or accessibility of information concerning association practices.
Board members can use Concierge Plus as a platform for keeping residents in the loop with regards to anything related to building maintenance. Since the tragic Surfside condo collapse, we’ve been told that residents are particularly asking for their board’s plan on risk mitigation.
Board members can share documents such as a Reserve Study with unit owners using our File Sharing feature. This is a password-protected repository for important documents and is a great place to store articles of incorporation, meeting minutes, rules and regulations.

Mobile-Media-Library-Folder

Virtual owner meetings and AGMs

As the pandemic eases and we resume in-person gatherings, hybrid meetings are slowly becoming a permanent part of how community associations function.
Board members can easily add HD web conferencing, automate attendance, enable eligible owners to vote online, and more through our all-in-one virtual meeting platform integration with GetQuorum.
Advanced and real-time electronic voting allows owners to vote securely on important meeting matters before or during the meeting using GetQuorum’s dynamic online platform.
Electronic voting offers substantial cost savings, improved efficiency and significantly reduces errors associated with traditional paper-based voting.

Efficient package management

Community managers, security guards and concierges everywhere are fighting a losing battle trying to keep up with the unrelenting wave of incoming parcels during the holiday season. When staff members spend more time accepting, storing and retrieving parcels, they can’t focus on their security duties.
With Concierge Plus’ Notification feature, you can avoid ending up with front desk congestion and angry residents. Use Concierge Plus to manage package deliveries with automated emails and an easy tracking process. Residents can select to be notified by text message (SMS) or by an automated phone call, which is perfect for urgent and timely notifications.
With our barcode scanner your team can quickly scan every package that arrives, and when residents come to pick-up their packages, they simply sign on a digital signature pad to confirm their identity permanently and securely.
Last but not least, we also offer beautifully designed, 40″ digital lobby display screens which you can use to alert residents that items are available for pick-up.

Features-IntergratedHardware-DisplayScreen-300x203

Secure resident and visitor parking

For most residents, the safety factors associated with condo living are a huge consideration in choosing life in a community association.
Concierge Plus can help you manage who is coming in and out, where they are parking, and if they have permission to enter the building. Our integrated hardware offerings alleviate confusion with parking pass printers that clearly denote who is parking where.
The printer connects easily to your computer and facilitates tracking of visitor vehicle details such as license plate number, make, and color. A parking pass receipt will print automatically for visitors to display on their dashboards.

 

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Call us for an estimate and make your neighbors envious of your home! by Chucks Painting.

Call us for an estimate and make your neighbors envious of your home! by Chucks Painting.

  • Posted: Mar 03, 2023
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Located in Davie Florida the owners of this house wanted to get rid of the orange and white dated colors.

Well as you can see, Chuck’s Painting, Inc. went above and beyond.

We are a full service painting company we provide the highest level of quality and service and we are capable of handling all of your painting needs. We specialize in Interior/Exterior Residential painting Townhouse communities Condominium communities Commercial buildings Shopping Plazas and Business Parks.

 

Call us for an estimate and make your neighbors envious of your home!

Contact us today, Read and learn more about Chucks Painting

 

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Reliable Technology for Peace of Mind

Reliable Technology for Peace of Mind

  • Posted: Dec 28, 2022
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Reliable Technology for Peace of Mind

Every facility, be it a private home, apartment complex, condo building, or hotel is threatened by water leaks issues. The cost of this damage to the population runs in the hundreds of millions of dollars and represent about 48% of insurance claims*. Burst hoses connecting refrigerators, washing machines or dishwashers; overflowing sinks and toilet bowls; leaky pipes and damaged water heaters or AC units are all sources of this destruction. And it seems that every leak in a high-rise building always occurs on the top floor when no one is at home, multiplying the catastrophic consequences.

Fortunately, there is now a reliable, cost-effective solution to prevent and detect water-related damage, with the associated insurance claims, repairs, and personal losses. The answer is AKWA Technologies, an innovative, customizable solution designed for residential and commercial buildings. The AKWA Technologies system,100% manufactured in Quebec, Canada, has a advanced design, and is fully autonomous, as an alarm system. It consists of a Master Valve installed on the property’s incoming water line with a Water Alarm Controller that supervises the entire system. Discreet Wireless leak sensors are placed at all water sources, including sinks, toilets, and other water appliances, such as washing machines, dishwashers, etc. An optional Flow sensor can be added for invisible leaks inside the walls and water usage management.

When water is detected in any of these locations, a signal is immediately sent to the Master Valve and the incoming water is shut off. This will minimize the flooding and prevent critical damage. An alarm will sound and notifications are sent to designated parties reporting the occurrence. The benefits of this customizable system are many. They include cost-effective installation with minimum disruption, elimination of expensive repairs and remediation caused by flooding, potential saving on insurance costs, and of course, your peace of mind.

Whether you are sleeping, at work, or on vacation halfway around the world, your domicile is safe with a solution that does not need Wi-Fi to be functional and requires very low maintenance. Water to your home can be shut off manually, from a distance or automatically when leaving your property for a long period of time. Whether you are a property manager or an individual user, you can manage your properties remotely from anywhere on the planet and keep your peace of mind!

 

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A Condo/HOA guide: How to effectively communicate with owners and residents

A Condo/HOA guide: How to effectively communicate with owners and residents

  • Posted: Nov 04, 2022
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How to effectively communicate with condo/ homeowners

Written By : Phillip Livingston

While there’s no one-size-fits-all approach to condo communication, there are some basic principles and strategies that can help you maximize communication. For instance, we can all agree that using digital communication tools is faster and more efficient than outdated paper and mail.

Read on to find out how technology and sound communication strategies can facilitate smooth operations and cohesion with homeowners.

  • Communicate as frequently as possible

One of the best ways to capture and maintain unit owners’ attention is to communicate with them frequently. Property management software such as Condo Control Central simplifies the process for you. It offers a discussion forum where unit owners can voice their opinions in a safe and confidential manner.

Residents can use this feature to report property damage in the common areas, and you’ll be able to moderate the forum by adding pre-defined topics.

The event planner tool also makes it easy to inform and update residents about upcoming community events such as get-togethers and AGM meetings.

Tired of printing documents and posters every time you update community bylaws? Say goodbye to printing costs and upload updated documents straight to your community’s file library. It has quick search functionality and allows you to seamlessly notify residents when you upload a new document. Now you’ll have no excuse but to keep unit owners updated on every move.

Make sure your state allows for the electronic transfer of large documents because it’s not legal in every state.

  • Simplify communication

People generally don’t like to actively seek out information so you need to make it easy for them. Otherwise, no-one is going to go out of their way to read the rules unless they’re made visible. Going digital will not only help you to cut costs while captivating people’s attention, but it also simplifies the communication process. Using property management software forums means that you don’t have to rely on residents to open an email, or log in to a website.

But, it’s important to modulate the information you make available to residents online. Intelligently designed communication strategies speak volumes and will help you manage and reduce conflict.

  • Hold regular meetings

Like most condo associations, your condo declaration stipulates how often your board should meet. It’s important to include residents in HOA meetings to promote transparency and honesty. The minimum requirement in most state regulations is for the HOA board to meet annually to plan the yearly budget. But, it helps to hold regular meetings in-between to keep residents in the loop about important issues.

If you want to find out how often your condo board should meet, check the association’s bylaws for detailed information. Most bylaws have a minimum meeting frequency of five to six times a year. It’s important to note that this is merely a suggestion, and the board can choose to meet more or fewer times than that, based on the needs of the community.

Granted, things like weather conditions can contribute to the frequency of board meetings.  Associations that in areas with extreme winters may hold regular meetings to deal with issues like snow removal or lawn maintenance. Some associations need to hold frequent meetings to deal with tenant disputes and other kinds of drama. Larger condo associations with 30, 50 or more units may also meet frequently due to unique circumstances.

The important thing is to address problems as they arise and do so publicly. Don’t allow things to fester as this may lead to detached involvement from homeowners. For instance, if an HOA board holds six meetings in a year, then homeowners should be present for at least half of those meetings.

  • Leverage your online presence

Every association should have a website and social media presence. This makes it easier to raise awareness about the latest association news, meeting minutes, etc.

Plus, you can control the amount of information included on the website and who has access to it.

Most associations use social media platforms like Facebook and LinkedIn as well as association blogs as a way to keep community members in the loop about important news and happenings. Through private groups within these platforms, you can safely and effectively share meeting minutes, community alerts, invitations, and announcements.

The only downside to using public social networks is that you don’t have control over the platform itself. Facebook or LinkedIn’s community and privacy rules can change at any moment. This can affect the way you communicate with association members and compromise privacy. After all, social media doesn’t offer the level of confidentiality required when sharing certain information.

Since these platforms aren’t designed with condo associations in mind, they may not have certain functions you’d find in dedicated property management software.

Social media also comes with issues like out of control comments that cause misunderstandings and communication barriers. For instance, it’s easy for comments posted by board members to be misconstrued as a representation of the board itself, when it’s only the perspective of a single board member. Situations like this can create a hostile environment and lead to unnecessary strife.

This is just one example of how Facebook can instigate controversy trough miscommunication. It’s difficult to moderate comments and conversations that happen on the platform, hence the fighting that often happens on Facebook and other social media websites.

It’s better to communicate with homeowners using an internal platform. That way, you can moderate the conversation and address questions in an orderly fashion. An open forum is a great way to do th
is, along with Control Central’s dedicated announcement feature.

The website builder feature from Condo Control Central is ideal because it allows you to create a customized platform for your community. Here, you can safely share important and mundane information alike. This includes things like your pest control schedule to your recreational event calendar, board meeting schedule, planned improvements and parking requirements to name but a few.

It’s the best way to ensure confidentiality and privacy when communicating with unit owners electronically. It also encourages ongoing interaction between unit owners and can foster a strong sense of community.

  • Encourage disinterested unit owners by showing the financial upside

Are you having trouble with disinterested unit owners? Then you should point out a few reasons why they should take an interest in association affairs. Most absentee unit owners are that way because they don’t live in their units and simply rent them out as an investment property.

In such cases, it helps to incentivize meeting attendance with something like a free gift card or a percentage off from their assessments. At the end of the day, these types of owners are interested in the financial value of the property. So, they will take part in association meetings and affairs if it means maximizing their bottom line or investment.

  • Be transparent

We can’t stress this enough. Transparency is paramount in a condo association because you don’t want unit owners to ever feel alienated or unheard. Transparency is the easiest way to avoid disgruntled unit owners while making sure that you’re sharing all the right information with them.

For the best results, we recommend you consult with state regulations to see what the requirements are. Most states call for regular association board meetings that involve unit owners in every major decision.

The last thing unit owners want is to find out about an important decision via email or text notification. Especially if it affects the value of the property or their quality of life, which it probably will. Everything should be discussed in an open board meeting, and the board should give unit owners due notice before each meeting.

Unfortunately, association boards have been coming up with new ways to exclude board members, much to their detriment. One popular approach is to hold “working sessions” which are board meetings meant to exclude homeowners. The argument commonly used by board members is that they don’t want any interruptions from unit owners.

Even if the board is not planning to make motions during the meeting, community members must be informed of the meeting so they can attend if they want to.

This is the basis of transparency and the first step to building trust and open communication with your community.

  • Share more

Lack of communication is one of the biggest challenges HOAs and condo associations face today. This usually happens because the board fails to share decisions made on the backend. But, it’s important to share as much as possible with homeowners, keeping in mind that that the more transparent you are the more they will trust you.

It might be helpful to distribute regular newsletters either on a monthly or quarterly basis to keep community members in the loop about important issues. Even when an HOA board is experiencing problems with unauthorized renters, it’s important to share these issues so community members know what the board is dealing with.

Don’t forget to distribute the meeting minutes as soon as possible. This could be anything from a few days to a few weeks from the meeting depending on how fast the board approves them. Meeting minutes are a form of communication too and can help to shift perceptions about board transparency.

HOA boards should go beyond legal requirements when it comes to transparency and make financial records available to unit owners. That’s because financial transactions are often a leading cause of suspicion in condo associations and HOAs.

We recommend a yearly audit to improve transparency and the budget mail-out feature from Control Central is a lifesaver. It offers customized mail-out templates that you can use to digitally and automatically mail-out condo fees to residents.


Solutions inspired by the real needs of property managers and self-managed associations.

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Watch your business grow. by Vail Marketing Solutions

Watch your business grow. by Vail Marketing Solutions

  • Posted: Jul 13, 2022
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Vail Marketing Solutions

(908) 528.4087

Providing everything from a full branding overhaul and business development program to a specific marketing project or campaign.

Vail Marketing Solutions is a woman-owned, multi-service consulting firm providing marketing, communications and business development solutions for any business looking to increase their visibility and bottom line. Our approach delivers a cost-effective, customized marketing plan to fit the needs of your business and reach your goals. We will work hand in hand with you to develop your brand, tell your story and help you stand out from your competition ultimately leading to more growth opportunities.

For over 14 years, Ms. Jessica Vail has been successful in providing marketing, communications and business development solutions within the construction, engineering and real estate industries. Her passion for marketing and helping others led her to create Vail Marketing Solutions. She is a published writer and an active member of many networking organizations and committees.

 

What is holding you back?

You don’t have time to spend on a marketing plan and execution. You have limited resources, staff and money. You don’t know where to start. If these scenarios sound familiar, let’s talk.

https://vailmarketingsolutions.com/

 

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Hurricane Preparation for your Building – Don’t wait, Make a Plan Today

Hurricane Preparation for your Building – Don’t wait, Make a Plan Today

  • Posted: Jul 10, 2022
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Hurricane Preparation for your Building

Don’t wait: Make a Plan Today

Finding Trusted Companies that work with our Industry is important!

We Provide Insurance Public Adjusters and Legal Experts Roofing Companies and cleanup and Tree and Lawncare Members to handle Storm Damage & Claims for your Properties!

Find more on our website >>>

FloridaAdjusting.com

WHAT WE PROVIDE CONDO & HOA’S

Property Inspections & Site Analysis

Review of your Insurance Policy

Damage Report Backing up the Claim

Loss Estimates Documentation

Negotiation and Settlement with Insurance Companies

 

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“Smart managers ensure the community as a whole is running smoothly both from an operational standpoint and from the resident perspective. That’s why Concierge Plus is part of our team; it simply makes everyone’s life easier.”

“Smart managers ensure the community as a whole is running smoothly both from an operational standpoint and from the resident perspective. That’s why Concierge Plus is part of our team; it simply makes everyone’s life easier.”

  • Posted: Jun 30, 2022
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Increase the efficiency of parking enforcement and guest permits with real time solutions at your community. Our Visitor & Parking Management solution increases transparency between managers and residents and shifts conflict resolution scenarios to a digital format.

  • Record and report on frequency of parking usage by unit, license plates, and determine peak parking usage times with our easy-to-use, friendly reporting system.
  • Set controls on how many times units can request parking during a particular period.
  • Allow residents to print their own parking passes for guests in such cases where there is no one on-site to manage your parking facilities.
  • Prevent owners sneaking in additional vehicles and overstaying their allotted time.
  • Track guests digitally and record visitor signatures using our optional digital signature pads.
Book a meeting with me now  and see for yourself how you can increase the efficiency of parking enforcement and guest permits with our Resident Experience Management solution.
Members of SFPMA their services are offered to our Management Industry.
SFPMA.ORG
Best Regards,

Charlote Alvarez

Business Development Representative — Concierge Plus
T: 305-850-7676 x114
charlote.alvarez@conciergeplus.com
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Does your community give residents the ability to make online payments? 

Does your community give residents the ability to make online payments? 

  • Posted: Jun 08, 2022
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Does your community give residents the ability to make online payments? 

Concierge Plus give residents more convenience and control by allowing them to view their account and pay charges from their bank account or credit/debit card – all integrated with your existing accounting platform!

  • Spend less time collecting and depositing checks by automating the payment process for your residents.
  • Residents can make recurring or one-time payments from their bank account by ACH or by using a debit/credit card.
  • Residents can access a history of charges and payments on their unit anytime, from any device.
  • Payments are deposited and settle directly into your bank account.
  • Built-in reminder email campaigns help drive online payment adoption and automatically remind residents that they have an overdue balance.
  • Flexible fee structure allows you to pay transaction fees or pass them on to residents.

“I love the platform. I think it’s extremely user friendly and it has so many functionalities. It’s my favorite platform and my favorite tool.” 

Joy Gilbert, Community Property Manager

The Building Group

Book a meeting with me now and let me show you our fully integrated, easy payment solution that gets results.
Best Regards,

Charlote Alvarez

Business Development Representative — Concierge Plus
T: 305-850-7676 x114
charlote.alvarez@conciergeplus.com
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Securely store and share all of your community documents online with our File Sharing feature.

Securely store and share all of your community documents online with our File Sharing feature.

  • Posted: May 05, 2022
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Securely store and share all of your community documents online with our File Sharing feature. Documents, files for owners, meeting minutes, forms, by-laws, photos, and even videos can be shared with permission-based access.

  • Uploading and distributing documents and images is very easy with our simple drag-and-drop system.
  • Keep all your community files organized in a centralized location.
  • Upload an unlimited number of various file types including .pdf, .doc, .xls, and many more.
  • Increase security by determining exactly who sees what with our permission-based controls.
  • Sending out a blast to residents? Easily include a file from what you’ve already uploaded with just a couple of clicks.
  • Don’t waste time searching aimlessly for a file ever again. Use the quick search functionality to find specific files or folders in an instant.
BOOK A MEETING

“It will make your life so much easier and make your business run much faster.” 

 

Maria Desforges, Property Manager

J&W Condominium Management

Book a meeting with me now and let me show you how you can deliver superior resident experiences with our Resident Experience Management portal.
Best Regards,

Charlote Alvarez

Business Development Representative — Concierge Plus
T: 305-850-7676 x114
charlote.alvarez@conciergeplus.com
First learn what to look for in a Property Management Company benefits, services they provide, how they collect fees, how repairs are addressed and laws & licensing.

First learn what to look for in a Property Management Company benefits, services they provide, how they collect fees, how repairs are addressed and laws & licensing.

  • Posted: Mar 10, 2022
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Find out how Association members can help you with the management of your buildings?

FLORIDA MEMBERS DIRECTORY

Managing properties can quickly become overwhelming, even for experienced investors. There is always something going on that requires attention and it takes very little time for things to get out of hand.  Hiring a Property Manager can provide an opportunity to regain control and restore stability to both your properties and possibly life in general.

The importance of having income real estate to you and your family? We are here to help you with the selection process for hiring the right company for the management of your buildings. Your Property Manager will make critical decisions on your behalf making it extremely important that you do your homework during the hiring process, your decision to hire or not hire a management company should hinge on whether or not it is a good fit with your lifestyle and makes sense financially. Individual investors will have to assess the opportunity cost of both options based on their unique circumstances.

 

1. How far do you live from your rental property and how frequently can you visit the property?

If you are close you may be able to make the regular visits required for maintenance, inspections, collections, etc., otherwise the further you live the higher your travel time and expenses will be. The larger the distance the more temptation there is to not keep a close eye on things, and that can be a recipe for disaster. You should plan making monthly scheduled visits and there is always the potential for a middle of the night emergency call that requires your immediate attention. In the long run, is this feasible for you?

2. How do you deal with the of day to day operations yourself?

This is a tough one. we all like to think of ourselves as level-headed and even-keeled, but at the end of the day it takes a special kind of person to deal with the ups and downs of property management. Behind the seemingly simple task of collecting rent every month lie a number of unpredictable problems can push people to their limits. Ask yourself how you would react in the unfortunate event that tenants:

  • Get in fights with other tenants or neighbors
  • Have domestic disputes
  • Conduct illegal business in the dwelling
  • Carry on all night parties and revelry
  • Try to sneak extra people or animals into the home
  • Decide to sue you
  • Trash the property
  • Incite the wrath of the HOA because of repeated deed restriction violations
  • Refuse to pay rent because they are a “professional tenant” and know how to work the legal system for the maximum amount of free housing at the owners expense?

 

3. How many rental properties or units do you have?

As your portfolio grows so do the management challenges, and it becomes easier for things to fall through the cracks. Investors with large portfolios stand to reap significant benefit by leveraging the efficiencies a property manager can provide. Size can also constrain investors’ ability to consider purchasing new properties if they’re already maxed out managing their current holdings.

4. Do you do all the maintenance and repairs yourself?

If you can’t do it yourself, do you know who to call? Finding reliable handymen and contractors can take a while and in the mean time you may unknowingly hire people that are unethical, uninsured, do poor quality work, over charge etc. maintenance and repairs are a significant component of land lording and if you question your ability to ensure the work is done well and in a timely manner, you might want to consider hiring a property management company.

5. How quickly are you able to get your unit ready to be rented?

Advertising, fielding calls, and showing the unit can take a considerable amount of time, but are critical tasks as vacancies will quickly eat into your profit margins. If you question whether you have the skills or the time to make this happen, or if you have historically had an unacceptably high vacancy rate, you may want to consider hiring a property management company.

6. Are you capable of handling the paperwork nightmare.?

From profit and loss statements to tax deductions, this area needs special attention and becomes an increasingly larger burden for larger portfolios. some owners (especially those with a back ground in finance) will do just fine, others may opt to hire an accountant to help with the book keeping. If you feel like this might be a weak point you might want to consider hiring a Community Association Management Company.

7. Are you willing to be on call 24/7/365?

Its important to answer this question honestly, because when an emergency happens at your property you can’t ignore it. Your special event, important meeting, vacation, or personal crisis doesn’t relieve you of your obligation to your tenant. These emergencies don’t happen all the time, but when they do you have to be willing to handle them immediately. can you handle being called at 2 in the morning to fix someone’s overflowing toilet?

8. Are you willing to confront tenants about late payments and if need be evict them from the property?

Many new owners dislike feeling like the bad guy and try to be understanding by making exceptions. The problem is that this only invites additional abuses and excuses by tenants. Late payments must be dealt with immediately, and while sometimes a friendly reminder is all that’s needed, other times, it can be a very confrontational process ending in eviction. Unlike running a charity, running a successful rental business means enforcing the rules even it means evicting a single mother who lost her job and won’t be able to pay rent anytime soon.

9. How well do you understand the laws governing Community Association Management?

Ensuring the property is run in accordance with the law is critical in both preventing lawsuits and shielding yourself from liability if you are sued. Familiarity with contracts is also very important as your rental agreement is the only binding agreement between you and the tenant.