“Can you get a bid on that?” (How to handle owner requests for bids on small jobs)

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little-builderAs a Nevada Property Manager, you know how challenging it can be to find and retain qualified vendors to do the myriad small jobs for the rental homes you manage. Now that we’re working against The Tesla Effect,” it’s becomming even more difficult to find vendors who are willing to take on those small jobs at fair prices. Many of us expect this trend to continue, for at least the next 3-5 years.

 

Enter the conscientious landlord. This may be his first foray into rental property ownership; perhaps he once lived in the home. Although she hired a professional property manager, which was a savvy decision on her part as a new investor/landlord, she still wants to know what’s going on, especially when repairs are needed. “Can you get a bid on that?” We hear it all the time, don’t we? As property managers, we know what a losing proposition it can be to seek bids for small projects. But, how do we effectively communicate this to our owner-clients?  Continue reading ““Can you get a bid on that?” (How to handle owner requests for bids on small jobs)”

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Property Inspection – During Tenancy

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Poor Planning
I can’t quite put my finger on it, but something’s just not right…

Whether you inspect your occupied property management homes annually, semi-annually, quarterly, or more often (Careful here! How does your state define ‘harassment?’), you undoubtedly use a form for that purpose.

 

Is there a perfect form for an “interim inspection” of a rental home? Maybe. But, in most cases, the property condition issues vary with the locality and climate. Would you stress AC operation and maintenance a bit more strongly in Las Vegas, than you would in Bozeman, MT? Probably so.

 

The art is not in the form itself. It’s in knowing what to look for – with your own inventory, with your particular geographical location and weather conditions.

Continue reading “Property Inspection – During Tenancy”

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