Mindblown: a blog about philosophy.
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When Are Property Managers Paid from Rent Collected?
Property managers are typically paid at the same time rent is collected from tenants, which is usually at the beginning of each month. The standard timeframe for rental property owner payments is between the 8th-10th of each month, with some property management companies paying owners on the 15th or even having a 30-day holding period. The exact timing can vary depending on the property management company and the terms of the agreement with…
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Essential Resources for Property Managers
As a property manager, having access to the right tools and information is crucial for success. Fortunately, there are many excellent resources available to help you streamline operations, stay informed about industry trends, and grow your business. Here are some of the top resources property managers should take advantage of: Property Management Software One of…
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The Impact of Dogs on Hardwood Floors: What Prospective Tenants Should Know
As a prospective tenant, you may be wondering how having a dog could affect the hardwood floors in a rental property. While dogs and hardwood can coexist, there are some important factors to consider. Let’s explore the potential impacts and what you can do to protect the floors. Potential Damage from Dogs Dogs can potentially…
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When Do Property Managers Take Listings Down?
Property management is a multifaceted field that involves numerous responsibilities, from tenant screening and rent collection to property maintenance and legal compliance. One critical aspect of property management is the handling of property listings. Understanding when and why property managers take listings down can provide valuable insights for both property owners and tenants. Reasons for…
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Would a Client Be Dropped for Using an Outside Real Estate Agent?
As a real estate professional, one of the trickiest situations you may encounter is when a client decides to work with another agent while still under contract with you. This can understandably feel frustrating and even disrespectful. However, the appropriate response requires careful consideration of the circumstances, your contract terms, and professional ethics. Let’s explore…
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Are Pictures of a Unit Taken Before a Move-In?
When moving into a new rental property, one crucial step that often gets overlooked is taking pictures of the unit before you move in. This practice is not just a precautionary measure but a vital part of protecting both tenants and landlords. Here’s why taking these photos is essential and how it can benefit all…
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How to Track Expenses for Material Bought in the Field by Maintenance Technicians
Effectively tracking expenses for materials purchased in the field is crucial for maintenance operations. It ensures accurate cost accounting, helps control spending, and provides valuable data for budgeting and decision-making. Here’s a comprehensive guide on how to implement an efficient expense tracking system for field technicians: Implement a Mobile Expense Tracking System One of the…
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Does AppFolio Share Previous Email Conversations Between Tenants and Property Managers?
Many property management companies use AppFolio’s software to manage their rental properties and communicate with tenants. A common question that arises is whether AppFolio shares or provides access to previous email conversations between tenants and property managers when a new management company takes over. Here’s what you need to know: AppFolio’s Privacy Practices AppFolio takes…
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Can a Landlord Charge for Rent?
The short answer is yes, landlords can and do charge rent – it’s the fundamental basis of the landlord-tenant relationship. However, there are some important rules and regulations around how and what landlords can charge for rent. Let’s break it down: Basic Rent Charges Landlords are allowed to charge a monthly rent amount that is…
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Should You Tell Your Landlord About Mildew on Windows?
As a tenant, you may be wondering if you need to inform your landlord about mildew appearing on your rental property’s windows. The short answer is yes – you should notify your landlord about any mildew or mold issues, including on windows. Here’s why: Landlords Need to Know About Potential Issues Your landlord has a…
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