property management

What should you ask your Property Manager?

truemelbourne.com.au

What should you ask your Property Manager? Employing a property manager to handle the day-to-day running of your investment property is a fantastic idea. This is especially true if you don’t like handling paperwork, maintenance issues and dealing with tenants. But you have to make sure that you choose the right property manager. Not all of us are the same. You get proactive managers and reactive property managers, and I’m sure I don’t need to tell you which is the better one!

A dedicated property management firm in my opinion is the way to go.  They not reliant on property sales to make money so are dedicated to the properties on the books. The full service property management companies (like ours) can handle all aspects of rental property management. This is unlike real estate  agencies with a property management service; they  may only be able to handle rental collection and maintenance. So make sure you understand fully…

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Business, landlord

How to turn your Ugly Investment Property into a Cash Cow

truemelbourne.com.au

How to turn your Ugly Investment Property into a Cash CowYou’ve found an investment property that ticks all the boxes: it’s the right price, in the right location, it has excellent bones, the potential capital gains look great, the potential returns are excellent, and your team thinks it’s a good choice.

But

It’s ugly.

Really, really ugly. How on earth can you rent out a property to fantastic tenants if it looks ugly?

Don’t panic, it’s not the end of the world. Remember renters are savvy and you may even be able to turn that ugly duckling into a massive selling point to potential tenants.

How?

First of all you need to be secure in your homework. Before you signed the contract to buy the property, you would’ve undertaken a lot of research – market research, property comparables, rental return numbers –  lots and lots of number crunching. It’s not exactly the most glamourous part of property investing, but it is the…

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apartment, landlord, real estate

Landlord cleans out wrong apartment

Upper East Side resident says landlord cleared out WRONG apartment by accident

Nilay Shroff is suing in Manhattan Supreme Court after his $1,700-per-month home was dumped out, including his clothes, kitchen supplies and passport, according to his lawsuit.

BY AND / NEW YORK DAILY NEWS

PUBLISHED: TUESDAY, MARCH 4, 2014, 10:45 AM
UPDATED: WEDNESDAY, MARCH 5, 2014, 8:51 AM

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PEARL GABEL/PEARL GABEL/ NEW YORK DAILY NEWS

Nilay Shroff’s Upper East Side flat was looted by mistake – he lives in 2D, but 2B was the one his landlord wanted empty. Priceless family photos were among the belongings he lost.

What a difference a D makes.

An Upper East Side software maker says his $1,700-a-month apartment was stripped almost bare in a bizarre mistake — with a lifetime of memories, clothes and furniture shipped to the city dump.

Nilay Shroff, 27, filed suit alleging a massive management mixup sent a cleaning contractor to his apartment 2D instead of nearby 2B inside 409 E. 74th St.

Nilay Shroff charges in a lawsuit that his $1,700-a-month apartment was stripped almost bare in a bizarre mistake.

ENID ALVAREZ/NEW YORK DAILY NEWS

Nilay Shroff charges in a lawsuit that his $1,700-a-month apartment was stripped almost bare in a bizarre mistake.

RELATED: EXCLUSIVE: BLAZ IGNORING NEESON’S INVITE TO TOUR STABLE

“It’s just pure negligence,” Shroff said Tuesday at his since-restocked home. “It’s really ridiculous.”

A shocked Shroff returned home from his IT job with Deloitte & Touche on Oct. 9, 2013, carrying a bagful of groceries. He opened the door, walked inside, and immediately noticed his kitchen table was missing.

Read More: http://www.nydailynews.com/new-york/uptown/ues-man-landlord-cleared-wrong-apartment-article-1.1710111

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