I do not advocate becoming a landlord as I do not believe this is a valuable usage of your time and energy. I highly recommend asking around and finding a good Property Management Farmington Hills MI company that will charge you 10% or less to start out with and gradually lower that % as you add more and more properties.
This is a far cry from what Americans considered sufficient in the 1950s. According to the Census Bureau, the average size of a house has more than doubled to 2,349 square feet from 983 back then. My parents’ dream house had only two bedrooms–my sister and I shared, and I think we survived the trauma–and one bathroom. Maybe I am blinded by nostalgia, but I don’t remember any fights over the shower or the tub.
It makes a lot of sense to hire a condominium property maintenance company that has a lot of experience in the business. Very often, these companies have excellent relationships with contractors and vendors and therefore are able to hire their services at better prices. Apart from that, contractors will also put in more work in order to retain their business relationship with the company in question. The home owners association will therefore save money both in the long term and in the short term if it hires a really good maintenance company.
Engage the business in the design of the VMO organization and management processes. Acceptance of the VMO increases when stakeholders help architect the processes and understand how to leverage the VMO to get things done. The VMO should be flexible while insisting on principles of standardization and adoption of proven best practices. Standardization is an imperative if the organization is going to truly leverage the value its vendors are capable of providing.
When a property can be rented for an amount equaling its monthly cost of ownership, it is at rental parity. This is the breakeven point where a consumer would be indifferent in financial terms to own or to rent. Of course there are reasons to own or to rent which are not financial, but from a strictly financial standpoint, this is where the fundamental value lies.
Landlords should attach photos, dated and signed by both tenant and landlord on the reverse. They should include photos of all rooms, showing positions of furniture plus key potential problem areas such as inside the cooker, behind kitchen appliances, cleanliness of lounge carpet and the condition of the garden and lawn, if they are maintaining this area.
Customers trust the experience and expertise of the Gassen team to provide them with full-service homeowner association management & maintenance. Statistics demonstrate that Gassen, with an A+ Better Business Bureau rating is serious about service. In 2010, 100% of all after-hours emergency calls were responded to in under 12 minutes. (How many other Minnesota property maintenance companies could cite that statistic?) Additionally, there have been over 3,000 audits and reviews in Gassen properties over the last 5 years, without one negative result.
They would offer you customized solutions and deal as third party between tenant and house owner. Once they know your needs well they search for it in the market. Their aim is to give an apt tenant or a perfect home and house owner.