As a landlord or property manager, collecting rent from tenants can be a tedious and time-consuming task. It involves sending reminders, following up on late payments, and tracking income and expenses. But with the help of property management software, this process can be streamlined and made more efficient. In this article, we will discuss seven…
When the lease ends, property condition and move- out inspection report may create many questions or even disputes between Landlords and Tenants. While every state is different, Mila Realty Property Managers put together some factors to consider when one manages a security deposit to avoid potential mistakes. What is Normal Wear and Tear? Walls: The…
So, you have a property available for rent. You posted it online, and a few prospects expressed their interest. You then do a thorough screening and choose the best one among them. However, a week after the turnover, you receive a complaint about your new tenant’s behavior. Tips for Property Managers Dealing with Tenant Conflicts…
The “landlord” title comes with as much responsibility as it does prestige. From vetting the tenants to collecting rent payments and managing repairs and maintenance, the list of responsibilities of a homeowner and landlord are never-ending. Hiring a competent and reputable property management firm could take the weight off your shoulders by shifting the workload…
Late rent collection is one of the biggest challenges a landlord has to go through. It’s absurd to overreact and start serving legal rent-demand notices. This only creates unnecessary tension if the resident has an acceptable reason for not paying rent on time. That said, however, it doesn’t discount the fact that late rent is…
“I’m working with Mila Reality since June 2018. Valentina helped me a lot with the moving process, she quickly analyzed the properties and updated all the rent leases of my properties (3) which were about 20-25% below market value. Repair cost and frequency were also significantly reduced. For the first time I stopped paying for…
As a responsible property owner, you are in charge of the upkeep and maintenance of your property. This is especially true if you are a landlord leasing property to tenants. You cannot just ignore them when they call or get back to them at your own convenience. You have to act immediately; else, you could…
Tenants need to keep the property in the same condition as when they first moved in. That means keeping it clean and neat to avoid incurring damages outside the ordinary wear and tear. Spring cleaning is a perfect opportunity to refresh and bring back the property’s charm. Here are some spring cleaning tips that will…
Tenants who want to bring along their pets to your property can be a challenging situation. While some property owners allow it, others are quite reluctant — and for good reasons. Should you be relaxed about it, or should you restrict it? Let’s look at the pros and cons of pets on your property and…
Commercial Property Management Do’s and Don’ts One of the effective ways to boost a commercial real estate’s value is with excellent property management. Although purchasing a Kissimmee property at a great price is crucial, what you do with it is more important. Here are some do’s and don’ts in commercial property management to help you…
