Communities belonging to an HOA often benefit from property management help, and it can make a big difference in how efficiently and productively your HOA is managed. If your HOA has considered this solution, you should remember a few key facts. It’s never good for the community when members of the HOA are made to feel like they are in an “us versus them” situation. If there’s a problem with a handful of residents, or the HOA is not responding to the needs and requests of its members, conflict can arise and tensions can run high. A property …
Tenant Screening: What Every Landlord Needs to Know
The type of tenant you put in your rental property will have a major impact on your success as an investor. If you take the time to do a thorough tenant screening, you’ll get a responsible tenant who has a record of paying rent on time and taking care of the homes they rent. If you ignore proper screening techniques, or you skip it entirely, you don’t really know who you’re getting. You’ll set yourself up for a lot of potential liability and the risk that you’ll have a tenant who doesn’t pay rent on time and doesn’t care about the property. Al…
How to Keep Association Community Funds Secure – Property Management Advice
Financial oversight and management are two of the most important duties of an ASSOCIATION board or property manager. To keep your community funds secure, you need to have consistent control practices and policies in place, and they need to be enforced. There are a few specific things you can do to ensure your funds are safe and managed well. Everything pertaining to how money is collected and spent should be documented and transparent. You need to be able to demonstrate that the financial house is in order. This is important to existing member…
Is It Smarter to Rent My House or Sell? Advice for Homeowners
Renting out your property is an excellent alternative to selling it, especially if you’re having a problem finding a buyer or the sales market won’t support the price you’d like to ask for the home. Most homeowners don’t think about renting out their home as an option, but it’s something you should consider. Renting is a good idea because you can earn rental income in the short term, while you hold onto your asset and allow it to increase in value. If you have been trying to sell your property but you can’t, renting it out might be the best so…
6 Reasons to Work with Abacus Avenue Property Management
With over a decade of New Jersey property management experience, Abacus Avenue has the knowledge, skills and talents to help you maximize your success as a rental property owner and investor. We’d like to share six specific reasons to choose us when you’re looking for property management company. We use some of the best technology available in the property management industry. This helps you keep track of how your property is performing, even if you’re an out of state landlord or living out of the country. Rent is collected from tenants and pa…
As a first time homeowner with first time tenants I valued the personal touch and informed team at Abacus Avenue Property Management. Thanks to Abacus I was able to better navigate and understand all the aspects and options I had as a landlord to facilitate a good resolution; with the help of Marc & Lisa I will have successfully reclaimed my property on an agreed date and time. A potentially nerve wrecking and anxiety producing situation was allayed by Abacus advising me in the right direction.