Top 5 Qualities of Succesful HOA and Condo Association Boards

As a HOA and Condo management specialist, we have certainly deal with our fair share of vastly different people who make up our community's board of directors. They come from all walks of life and from all different backgrounds. Some are very productive and accomplish numerous things for their community while others struggle to make…

As a HOA and Condo management specialist, we have certainly deal with our fair share of vastly different people who make up our community's board of directors. They come from all walks of life and from all different backgrounds. Some are very productive and accomplish numerous things for their community while others struggle to make even the smallest of decisions.

Over our 25 years of working with our board of directors, we have learned what it takes to have successful community leaders. We have come up with the Top 5 qualities that make up a successful HOA or Condo association board of directors.

5. – Balance

An efficient board of directors always has a well rounded balance about it. A balance of men and women of varying ages and backgrounds helps keep things interesting. Younger people tend to be more aggressive with their ideas wanting to look for alternatives to their current situation where older board members tend to be a bit more conservative and less resistant to radical change. The mixture of the two help avoid total chaos.

Varying backgrounds help add hands on knowledge to the group. Someone of a construction background would certainly be interested in a building or redesign project where as someone from a accountant background would have certainly be interested in the long term financial success of the association.

A diverse board of directors helps bring a different perspective to the table and helps ensures that the community is fully represented by all members of the association

4. – Common Sense

It is important for a board of directors to have a bit of “street smarts” or common sense when making community decisions. There are times which you have to stop, stand back and think about the situation

Community documents are written when the community is first established. Some HOA and condo communities have been around for 50 years, and over time, things do change. If your community has rules or policies that are agreed and no longer relevant, it is important for a board to know to stop the insanity and make the appropriate changes.

Having common sense usually means also not being stubborn and looking at the big picture. For Example, let's say you have an insurance claim because a storm took down a portion of your community fence. Your community has a $ 1000 deductible which is pretty standard. If the damage is say $ 1850, as a group it would be a wise decision to pay the repairs in cash instead of making the small claim. Why would they do this? Because extremely, the following year your promotions will most likely go up and will quickly eat into the $ 850 of short term cash savings that the community experienced over the short term.

3. – Communication

A board of directors that fails to communicate effectively fails to accomplish what they need to do for their HOA or condo community. This means not only amongst them as a board, but also working in sync with the current management company as well.

Every reputable association management company should have a plethora of communication options available for both your community's homeowners as well as the board. When a decision is needed from the board, it is critical that the board make sure that they can come together and make that decision. Weather a board is meeting in person, emailing back and forth, or even in a live chat room, it is important for the board to be able to communicate all the details of the issue, come to a decision, and do all of this in a timely manner.

Conveying what the board wants accomplished to the management company is just as important as the board making the community decisions. Some associations work best with a assigned point of contact on the board to communicate with the management company, to prevent a variance of opinions and extra confusion.

2. – Selfless and Unbiased

Being a HOA or condo association board of director means being a volunteer who represents the entire association in which you live. However, although a volunteer you do have minimal responsibilities that you must maintain.

There is no room on a community's board of directors for anyone that has an ax to grind. Do not even run for your association board if your only goal is to get your neighbor in trouble for all these years that he has annoyed you with his or her antics. Getting elected to the board also does not give you permission to hire your buddy as the landscaper and recommend community improvements that only affect your area of ​​the neighborhood. All decisions need to be made with the overall interest of the entire community.

I have even witnessed witness to extreme cases in which board members, after serving their board term, attempt to enter the property management industry and attempt to take their community with them to another company. This is a very greasy business tactic and does not speak well of any ethics that you might be bringing to your new company. If you are not currently in the industry, and then you wake up one day thinking “I can do this” think again. As well as you may think you know your community, imagine catering to the needs of 10 more communities that are all completely different from yours with unique needs and expectations.

1. Active

This stands alone as the number one factor in the success of an association board. Like most things in life, you get out of it what you put into it.

In order for a community to thrive, it must have an active participation amongst the leaders. This means more than anything, doing all the little things:

  • Attending all HOA related meetings possible – if your schedule does not allow it, do not volunteer
  • Giving your vote when a decision is needed – making basic community decisions is a main role of being a board member
  • Attending community events that you help plan – this sends the right community message to other homeowners
  • Obeying the deed restrictions – do not be a hypocrite, these apply to you as well
  • Maintaining financial responsibility – You do not want to be on the association aging report for fellow board members to see, it causes undo hostility amongst board members.

There is also a fine line between being active and involved, and being obsessed with your position. Remember, you are a volunteer with responsibility; this is not your career. If at any point you feel that you are taking on too much, or doing everything that's when you need to make some adjustments. Talk with your association management company to make sure you are on the same page with them. If something is not being done that the management agreement calls for, then bring it to their attention. Also, do not be afraid to distribute duties among the fellow board members. There are some people in a group that will sit back until called upon. They are your fellow board members, they are there to help as well.

There is no perfect recipe for a good HOA or Condo association board of directors. A well-run community does start with a committed group of community volunteers leading the charge and making wise decisions for the community as whole. Maintaining core values ​​and maintaining the responsibilities of a HOA or condo association board of directors will lead to a well-run association.

How to Handle Arrears in Commercial and Retail Property Today

With commercial real estate tenants as the property manager will come across arrears issues from time to time. In almost all cases the tenants in your tenant mix are of a business nature and can be under pressure from time to time. For this reason it pays to keep in close contact with your tenants…

With commercial real estate tenants as the property manager will come across arrears issues from time to time. In almost all cases the tenants in your tenant mix are of a business nature and can be under pressure from time to time. For this reason it pays to keep in close contact with your tenants in all your managed commercial or retail buildings.

So arrears will happen for a variety of reasons most of which are one or more of the following:

  • The tenant can not pay the rent due to business slow down
  • The tenant does not want to pay the rent due to conflict or disagreement with the landlord
  • Inability of the landlord to maintain the concessions for the contracts and conflict occurring
  • The tenants business has suffered a structural change or incomes into receivership
  • The property manager has misapplied the rent to anotherants account and therefore the ledgers and invoices for the building are incorrect
  • The rent reviews or other charges under the lease have been raised late by the property manager and the consequential accumulated back charges are a burden to pay all at once by the tenant.

Whatever the reason for the arrears, the first place to go is straight to the lease document that exists for the tenancy. In most cases the lease document will display the issue and give the landlord or the property manager some methods of response or action.

Go through the lease document to ensure that you know what has to be done and when it has to start. When it comes to a response to a lease default like an arrears problem, the actions that you take will be critically viewed by a court if the matters go that far in resolving the problem.

When you know what the lease says regards the lease default or arrears, it is best to speak with a property experienced solicitor so they can assess all the events and the actions taken to date. The solicitor will then advise as to the best strategy to apply, and they will also advise you as to the local laws and legislation that are part of the arrears response process.

When the property market is buoyant and active, a potential arrears and vacancy problem is not as disruptive for the property owner as you are likely to have other tenants around to fill the void or vacancy. If however the property market is slow and tough, the tenants that you have in the property are important to income and rental. You will need to make a choice here as to how much time you spend in negotiation with the existing tenant to resolve the dispute.

Regardless of what the property market is doing, there will be costs associated with the vacancy such as:

  1. Lease documentation charges
  2. New lease fees or awards to be paid
  3. Loss of rent from the time that the vacancy occurs till new rent comes in
  4. Loss of the recovery of outgoings from the tenants that have vacated the concessions
  5. Solicitors fees in recovery of outstanding monies
  6. Cost of any incentives to be provided to the new tenants taking up the vacancy

So the matter of a lease dispute or and arrears problem should be looked at in the fuller perspective of the total property market, together with the lease and legal position of the client. The is nothing wrong with achieving a payments arrangement for the arrears with the tenant providing you can see that the tenant is of long term benefit to the landlord and the property or tenant mix.

The Benefits of Using Commercial Property Management Software

When seeking commercial property management software, whether you are responsible for retail space or office complexes, it is important to consider a variety of factors. The best software should have all of the following qualities if you want to increase efficiency and be cost-effective: 1. The ability to include as many properties, buildings and units…

When seeking commercial property management software, whether you are responsible for retail space or office complexes, it is important to consider a variety of factors. The best software should have all of the following qualities if you want to increase efficiency and be cost-effective:

1. The ability to include as many properties, buildings and units in your database as you need. Being able to adequately organize and address specific aspects of the property and rental you manage is absolutely critical, and commercial property management software that limits this capacity should be avoided.

2. The ability to use commercial property management software to post common area maintenance charges according to your specific needs, based on the criteria that you select.

3. The ability to categorize your ledger by tenant, building, rental unit and owner, and implement changes on each separately. This feature gives you the flexibility to keep accurate and specific records in your database.

4. The ability to make payments by writing checks with your commercial property management software on your computer screen, so that you can make payments to vendors or owners expediently and without any additional hassle.

5. The ability set up Automatic Clearing House (ACH) to make payments as well as accept payments from tenants online, all fully incorporated and merged with the rest of the database automatically.

6. The ability to use a safe and secure commercial property management software program that functions separately from the Internet, which prevails downtime that often happens when servers overload or slow down.

7. The ability to send emails and accept payments online through your software program, integrating your database with online capabilities without having all of the information hanging together on a remote online server.

8. The ability to create legal agreements and forms with your commercial property management software effortlessly, based upon the specifications of your tenant or vendor.

Reasonably priced commercial property management software that meets this criteria can be used for all kinds of commercial properties, including retail outlets, shopping centers, strip halls, office parks, warehouses, storage facilities, business campuses, large corporate buildings and downtown offices. The ability to organize your properties and tenants efficiently and conduct almost all the necessary accounting through your database and online is well worth the cost. It is also far easier than the old pen-and-paper method, and is often far more efficient than using online databases or overpriced systems that are extremely inefficient.

Cost-Benefit Analysis: The Structure of Property Management Fees

The American Association of Apartment Owners lists six mistake property owners make that cost them money. (1) Five of them are directly related to repairs and maintenance, which can be addressed by hiring a property management company. Hiring a management firm to represent your commercial interests can be a time-saving move, and as we all…

The American Association of Apartment Owners lists six mistake property owners make that cost them money. (1) Five of them are directly related to repairs and maintenance, which can be addressed by hiring a property management company. Hiring a management firm to represent your commercial interests can be a time-saving move, and as we all know, time is money. And, when it comes to money, management agencies have a flexible fee schedule to meet their clients' needs. An owner's primary goal before signing with someone to manage commercial property is to find out what all those fees actually buy.

The enigmatic “property management” fee

Property managers keep your property leased with paying tenants, and that's what makes ownership ownership either profitable or unsustainable. The management fee can be a percentage of monthly gross rent or a flat fee. It pays for the property manager's time spent showing and advertising units, administrating lease agreements, screening applicants and resolving tenant issues. This fee pays for the public face of your property and keeps it full and profitable. It is the bulk of what you will pay a manager.

Administrative management

This duty may require a separate fee that covers administrative work such as managing dispute resolution with tenants, sending out statements and providing reports to the property owner. If this fee is separate from the management fee, it pays for extra time spent on issues specific to your property. It will cover postage for tenant statements and office costs for administrative services as a whole. You could also consider part of this a supply fee, which pays for paper, printer ink, time spent stuffing envelopes, and any other office supply or mundane task associated with property management.

Collection fees

This looks pretty self-explanatory, but it does not just deal with past-due collections. This service encompasses a collection of all rents, fees, revenues and delinquencies.

Maintenance fees

These are special costs tailor specifically to your property's upkeep. While management takes care of the leasing aspect of your bottom line, regular maintenance can significantly reduce the risk of serious investment losses due to deferred maintenance and property damage. Maintenance fees cover interior and exterior repairs, minor improvements and cleaning.

Other unspecified fees

Property management companies all differ in what they include in their basic management fee schedule and what is considered “extra.” Ask for a complete fee schedule before you sign with a management company, and avoid any surprises by asking plenty of questions and getting details in writing.

1 “6 Common Property Management Mistakes,” http://www.american-apartment-owners-association.org/blog/2011/03/07/6-common-property-management-mistakes/

Commercial Property Managers – Monthly Reporting Tips and Ideas

The monthly report produced by Commercial and Retail Property managers for landlords is a critical component of property control. The report itself allows the landlord to be fully briefed on complex property activity and gives them the ability to return with comments and instructions appropriate to the current issues within the managed concessions. Monthly reports…

The monthly report produced by Commercial and Retail Property managers for landlords is a critical component of property control. The report itself allows the landlord to be fully briefed on complex property activity and gives them the ability to return with comments and instructions appropriate to the current issues within the managed concessions.

Monthly reports to landlords should incorporate fixed categories of activity together with the detailed dialogue and recommendations in each case. Here are some comments relating to the income activity in a managed property.

  1. The income for the property received during the month will be very high on the landlord's concerns and agenda. They will need to see that the income has been correctly charged and received. They will also want to see the status of any arrears. In a complex property with lots of tenants, the financial reporting system handling the income will need to be advanced and accurate in all respects. A good property management accounting system will do this.
  2. Any income and charges raised to the penalties should be documented and raised in separate income codes applicable to the charge. These codes are typically standardized in the software programs that you work with. This chart of accounts or codes allows you to easily compare the income and expenditure activity of the other properties to your property. It is interesting to note that some inexperience landlords and property managers even today still raise rental invoices manually; This is a dangerous practice because it allows for errors and poor record keeping of charges and payments. In a complex property with many tenants it is inherently impossible to charge and raise the income without an appropriate supporting software program.
  3. The income raised by the property manager should tally with any lease negotiations and the existing lease documentation for each tenant. Any adjustments in rental to be applied should be referenced in the leases and the charges raised. These adjustments should be displayed as rent reviews or other sundries charges detailed in clauses of the lease document.
  4. An arrears status report should be compiled in conjunction with the income performance report. Arrears when found should be responded to in a timely way to ensure that legally correct and timely recovery processes occur for all lease monies. In some cases the landlord may choose to reach an agreement respecting the recovery of any outstanding monies, and some payment plan may be put in place. That being the case, the monthly report should reflect the up to date position on any payment plans and progress with any defaulting tenant or those that are in arrears.

When it comes to the monthly property management report, accuracy in all respects is required. The property manager has to check the documentation to be sent to the landlord prior to its dispatch. There is nothing more embarrassing than receiving a telephone call a few days later from the property owner to say that the report is incorrect or monies have misused.

Commercial Property Managers – Budget Tips and Ideas for Complex Properties

The months of March to May in each year are typically the months for commercial and retail property managers to do their budgets for investment properties and buildings. Given that most investment properties operate on a financial year, the preparation of the budget has to be well underway and approved by the landlord prior to…

The months of March to May in each year are typically the months for commercial and retail property managers to do their budgets for investment properties and buildings.

Given that most investment properties operate on a financial year, the preparation of the budget has to be well underway and approved by the landlord prior to the change of financial year. You can add to this fact the requirement of providing budged outgoings statements to some tenants under the terms of their leases and the property related legislation.

A lot of property managers have trouble with budget calculation and establishment in March or April given that the current financial year is not yet finished; to solve the problem some adjustments, projections, and expectations need to be made in the various expenditure categories of the commercial or retail property.

The information that you will require for the budget process should normally involve research and evidence from the market and the property previous or current financial year. Here are some handy points of research to gather as part of the budgetary process.

  • Details of all rates and taxes that have been charged to the property during the current year.
  • Approach the local council and the rating bodies to understand if any rate increases are planned or known to be occurring in the new financial year. If that is the case you will need to budget for them.
  • Speak to the contractor's in the building to understand if any escalations are expected within the maintenance categories disciplines. As part of this process it may be necessary to tender some of the maintenance contracts in preparation for the new financial period.
  • Look at existing maintenance contracts to understand if any renewals are expected in the new financial year. If that is the case, you will need to establish an understanding of price escalation expectations.
  • It is worth looking at the outgoings performance for the property over the last three years. The process will give you an understanding of previous budgetary increases.
  • Study properties of similar type in the local area to see what levels of expenditure and budget performance that they are operating at. It is normal for professional property managers to share this information. Your property should be equal to or better than the outgoings levels experienced with other properties.
  • If the subject property is getting older, it is reasonable to assume that expenditure will increase. You may need comments from the landlords engineering experts to understand the elements of expected maintenance changes within the building.
  • Items of a capital expenditure nature should not normally be in the maintenance expenditure category; look through your property expenditure to ensure that you did not misapply capital expenditure items to maintenance codes. Capital items should be removed from the buildings expenditure budget as the cost has a direct flow through to the property outgoings applied to the tenancy mix. Capital items are normally addressed in a separate part of property cash flow for taxation purposes.
  • Review all the leases within the property to see if any maintenance requirements are mandated in the coming financial year by the landlord. Some leases place obligations on the landlord to undertake certain works each year.
  • Ensure that you have recovered all appropriate expenditure from the tenants in the building given the terms of their leases. You may need to do reconciliation for this purpose.

The creation of a property budget in the first year of the building management can be quite difficult given that you have not gotten a lot of information to work with. Subsequent years became much easier given that you would normally have your notes and research from the previous financial period.

When building a property budget, always keep records and notes of your assumptions. These can be used when the budget is challenged or questioned by the tenant or the landlord.

Retail Centre Managers – Landlord Reporting Tips for the End of the Month

When it comes to the management of Retail Property, the monthly report to the landlord allows current issues and forthcoming events to be documented and managed. The reporting process itself should be quite detailed and becomes even more important with larger properties with many tenancies. With retail properties and shopping centers, it is not unusual…

When it comes to the management of Retail Property, the monthly report to the landlord allows current issues and forthcoming events to be documented and managed. The reporting process itself should be quite detailed and becomes even more important with larger properties with many tenancies.

With retail properties and shopping centers, it is not unusual to split the monthly reporting process into a number of important and critical categories of activity. The process itself allows the status of events to be monitored and documented; for that reason accuracy in the report is really important.

The response that the landlord gives to any recommendations and observations should also be documented and retained with a report to prevent any future disagrement or misunderstanding. So the reporting process is a very real control tool for property managers and landlords to interact with.

Retail Shopping Center's are a very vibrant type of property asset. Many things happen at the same time and can have impact across the entire tenancy mix. Accuracy and precision is required in property management business practices when you manage Retail Property and Shopping Centers. Ultimately you are endeavoring to stabilize rent, expenditure, and vacancy risk. From that base you can build a better retail property.

Here are some of the categories that can be incorporated into a detailed monthly property management report for a retail property and tenancy mix.

  1. The current income raised from the property should be detailed and discussed in written form. This will include any reference to lease documentation where rental escalations and rent reviews are being exercised. This record of comment is invaluable as time progresses and you have any need to go back in time and look at decisions or directions incorporating tenants and landlord.
  2. Should you have a larger number of tenants and or property configuration to manage it will not be unusual to have arrears active in a number of leases. Every arrears situation will involve lease documentation, instructions of the landlord, and actions of the tenant. Any agreements for updates regarding arrears matters should be incorporated into your monthly report. It should also be said that arrears should be closely monitored so you know when they occur and have definite instructions of the actions you need to take.
  3. The expenditure for the property will be detailed in an expenditure report that reflects the payment approvals of the landlord and the agreed budgetary processes for the property. Any items of an unusual nature within expenditure should be itemized to the landlord for their awareness. Any items of an emergency nature are usually responded to in keeping with the landlord's permissions to the property manager.
  4. Any items of capital expenditure nature should not be processed within the day to day maintenance expenditure for the property. It is appropriate to have a capital expenditure cost code that you can use with these separate items of expenditure. They can then be handled appropriately as a capital item given the tax laws in your country. If you do not understand the issues of capital expenditure, it pays to check with a property experienced accountant.
  5. At the end of each month an accurate tenancy schedule should be provided to the landlord. Whilst this will normally come from a computer based property management software program, the tenancy schedule should be checked prior to dispatch to the landlord. It is not unusual to find errors in tenancy arrangements simply because the property manager has not set the tenancy activity up to date. If someone gives you a tenancy schedule, check it against the current leases as a matter of priority before you take any action from the tenancy schedule.
  6. The day to day maintenance activity within the property will parallel the expenditure budget and the approvals from the landlord. Maintenance activity should be carefully explained, updated, and completed within the jurisdictions of the landlord or the landlord's budget. This forms part of your monthly report to the landlord.

When you create an accurate monthly report, it is a powerful business tool in the property management processes for your clients. It allows you to document activity, landlord instructions, and monitor or prevent any future disagreement between tenants and landlords.

Make Property Management Easier by Using Effective Software

Companies managing property can now rejoice at the availability of property software which helps manage property effectively. This affordable software is extremely useful for all transactions, while it is keeping track of income and expenditure, online payments, compiling reports, ledger accounting and many more. Residential as well as commercial property can be supervised and managed…

Companies managing property can now rejoice at the availability of property software which helps manage property effectively. This affordable software is extremely useful for all transactions, while it is keeping track of income and expenditure, online payments, compiling reports, ledger accounting and many more. Residential as well as commercial property can be supervised and managed successfully with the software.

Main Features of Property Software

There are various types of property software available today. You should purchase the one that suits your line of work. The software has some common features besides the specialized services.

  • The software helps to track income and expenditure of rental property for both commercial and residential buildings.
  • You can jointly manage your personal finance and rental accounts including credit card, online banking and other such financial matters. Tenants can make rent payments online.
  • Property management becomes easy as you can view the status of taxes deducted for the current year. Tax reports can also be created with the software.
  • All information relating to rental payments, security deposits or even the lease term can be obtained easily.
  • Tracking and optimizing your investments is possible with the software which helps you to make important decisions.

Property Software for Landlords

If you are a landlord with numerous properties and managing them has been a hassle, you do not have to fret now, as the letting agency software will take care of the management of your properties seamlessly. This sophisticated software is robustly designed to handle all types of properties.

  • By installing the software meant for letting agents, you can effortlessly manage numerous properties online.
  • You can promote your properties to well known property ports in the UK if it is for sales or rentals.
  • The letting agency software automatically generates rent statements, invoices and even sends reminders to tenants when rent is due or overdue.
  • A powerful communication function enables easy instant SMS or emails.

Selecting the Right Software for Landlords

There are several companies that provide good property management software for your specific needs. It is important to select what you require rather than spend money on what is not useful for you. Affordable products for both big and small businesses are available, it's only a matter of choice. Do not be transported away by the appearance of the website. Insist on a complete demo of the product before you purchase. The basic requirements needed for your work should be available. This includes having separate ledgers for tenants and landlords, to be able to make cheque transactions, automatically receive rents, have a superior interface, to be able to handle various types and number of homes and the facility to buy ad-dons.

It is good to have some practical features which will help your property management. Facilities such as tracking appointments, chatting facilities with tenants, reminders of tenants which are rents are due etc. can go a long way in helping you manage better. Watch out for hidden costs and do not ever fall for technical support which will have a huge price tag attached which you may not notice.

Commercial Cleaning Services for Professional Cleaning

No job is too big for these commercial cleaning services and none is too small. Large places where there is a lot of public activity, it is important that there is some cleaning agency which can look after the cleanliness and general maintenance of the place so that the place exudes warmth and welcome to…

No job is too big for these commercial cleaning services and none is too small. Large places where there is a lot of public activity, it is important that there is some cleaning agency which can look after the cleanliness and general maintenance of the place so that the place exudes warmth and welcome to people.

Commercial cleaning services are required when the concessions can not be maintained by amateur cleaning. These days commercial properties are usually tall skyscrapers or multi-storied buildings with glass facades. Without this glass surface is not kept immaculately clean it will look very shabby and unprofessional. But it is not easy to clean a tall building from the outside. Only professional building maintenance services companies can take up this difficult task because they have the equipment and the trained cleaners to do the job.

Janitorial service companies are required by all; domestic, commercial or industrial properties. While civic bodies like municipalities or town councils have a department for maintenance of public properties like roads and parks or public buildings, all private property has to be maintained through commercial cleaning services or by maintaining a department that looks after the cleanliness and maintenance of the place which can not be done by in-house housekeeping.

Commercial cleaning services provide all the necessary services that are required to maintain a property. There are janitorial services companies that have a team of cleaners and other staff and all the tools and equipment that is required to keep the area that is designated to them clean and well maintained. Efficient and committed janitorial services companies are required to keep a public thoroughfare looking spic and span all through the day. Here many important points have to be remembered before one can choose the right building maintenance services for your company.

A proper contract with the janitorial services company is essential. This document should be elaborate and contain details of the services that the company will provide and the staff, time etc. during the period of contract.

It is also very important to keep a log of the activities of the janitorial services company and also supervision so that control is maintained and you know that the contractual terms are being followed. A regular feedback should be given to the company if there are any problems that need to be addressed. Above all it is important to understand that building maintenance services are efficient only when there is complete cooperation between the commercial cleaning services company and the hiring company.

How to Hire the Best Commercial Janitorial Services?

Good commercial janitorial services are hard to come by these days. Companies who provide janitorial services are banking on the principle that this type of work is standardized and they just rely on this without attracting to do extremely well in this type of work. Most companies that need this type of service are claiming…

Good commercial janitorial services are hard to come by these days. Companies who provide janitorial services are banking on the principle that this type of work is standardized and they just rely on this without attracting to do extremely well in this type of work. Most companies that need this type of service are claiming that janitorial personnel perform quality work which is more than their practicable standards.

Although there are lots of companies who offer janitorial services and most of them are relying on the practiced standard, there are some who are reputed to do excellent work with their very own methods that exceeded the practiced standards. These companies offer more than the basic coverage of janitorial services. They strive to excel in their chosen field to give satisfaction to their customers. They usually have excellent personnel who can conduct their job professionally; they are also hard-working and courteous.

Finding these companies who offer excellent commercial janitorial services can be tricky if you do not know what to look for. To determine the quality of job that they can give you, it is best to look at some of their customer feedbacks. Reading the feedbacks of previous customers and current ones will give you an idea if they have been satisfied with the jobs that they have provided. It is also advisable to compare the coverage that they are offering to some of their competitors but do not rely on this as your sole basis that they can perform their job at the top level. Some companies offer more than the basic janitorial services but they do not do well in their actual work. Looking at their personnel at work can also do you a lot of good. You will have an actual observation on how they conduct their daily duties. You can visit one of their client companies and observe some of their personnel doing their jobs. Having observed them yourself, you will get the idea if they are qualified for your company too. Remember that they will be working inside your concessions in a day to day basis. Their attitude and the way they handle things can greatly affect your company and your employees.

More importantly, you must check if they are legally registered. They may have all the qualities that you have been looking for but if they are not operating legally can cause you an enormous amount of trouble. It is better to check if they have the necessary requirements like insurance for their personnel and a license to operate.

6 Mistakes Rental Property Owners Make

1. Not hiring a real estate service that understands investment property Only hire a real estate agent with investment property experience. This will ensure that they understand the type of property needed. Investors of rental property can “flip,” rent or sell the property in the near future. An experienced agent will be able to find…

1. Not hiring a real estate service that understands investment property

Only hire a real estate agent with investment property experience. This will ensure that they understand the type of property needed. Investors of rental property can “flip,” rent or sell the property in the near future. An experienced agent will be able to find the property suited for your needs.

2. Not having cash flow from day 1

Successful rental property equivalents cash flow plus appreciation. It is important for an investor to have positive cash flow in order to be able to take care of the property. Also, when the market has a downturn and appreciation is not possible – cash flow is king!

Interest rates fluctuate therefore it is important to review the type of loan you have on the property on a regular basis. Different types of loans can make a difference in whether a property has cash flow or not. Be sure to ask some different lenders about available loan products, terms and rates on an annual basis.

3. Not properly screening prospective tenants

Never go by your gut. Always obtain permission from the tenant to conduct a thorough background investigation including credit information, criminal and civil records, employment verification and landlord references. Ensuring a tenant can and will pay rent on time, take care of the property and be respectful to their neighbors will eliminate problems once tenancy begins.

4. Not being prepared to be a landlord

Being a landlord is not easy. Rental property investments is just like owning a small business and as the owner you need to be prepared to be able to work with tenants, handle the finances, market your property, understand the laws and take care of the maintenance on your property. Join a local association of rental property owners to become educated about rental property management or hire a property management company.

5. Waiting too long to collect rent

Usually the landlord is not helping the tenant by allowing a tenant who can not afford the rent to stay. Once a tenant become late in paying rent it is very hard for them to catch up again. Many landlords wait several months before considering an eviction and then then they are usually angry and upset. Let every tenant know upfront that rent collection is taken seriously and every tenant late in rent will receive a notice to pay rent or vacate.

6. Not actively managing their property

Rental property needs to be actively managed. That means regular contact with your tenants and regular care of the property. The benefits of active management include long-term contracts, lower maintenance and repair costs, improved property values, peace of mind and appreciative neighbors.

Pennsylvania: How Towns Are Defined in “The Keystone State”

Pennsylvania consist of four different types of municipalities: townships, counties, cities, and boroughs. Townships have varying sizes ranging from as little as six to as much as four square miles based upon geographical geographical boundaries. The state currently has nine-hundred fifty-eight boroughs and over fifteen-hundred townships. Some towns in the state are also classified as…

Pennsylvania consist of four different types of municipalities: townships, counties, cities, and boroughs. Townships have varying sizes ranging from as little as six to as much as four square miles based upon geographical geographical boundaries. The state currently has nine-hundred fifty-eight boroughs and over fifteen-hundred townships. Some towns in the state are also classified as home governed, meaning they have their own charter with set state government limitations. Every type of municipality is divided into a class of first, second, or third. Townships can not reach first class status unless the population surpasses three hundred people per square mile and an existing second class status is present. Cranberry Woods, for example, exists as part of the Cranberry Township located in the Butler County region. Visitors can choose from fifty-six cities with Philadelphia being not only the largest but also the only one containing a first class status. Various other cities are classified under a second or third class status. Boroughs have a smaller geographical area than cities while townships spread over even less of an area and have the smallest population counts of all the state municipalities.

Cranberry Township Serves as a Shining Example of a Developed Municipality

Cranberry Township is ranked as second class with a population of approximately twenty-eight thousand. Located in the western portion of Pennsylvania, it is considered to be a suburb of Pittsburgh. The United States Census Bureau reported the municipality as covering 22.8 square miles of mostly land. This town originated in 1804 with the most populated portion commonly referred to as “Criders Corners” after the junction of two roads: Old Perry Highway and Old Mars-Criders Road. It was actually named after Jacob Crider, a Dutilh Methodist Church trustee, who purchased land in 1871. The township contains additional well-known little towns such as Ogle and Fernway. Its location has been a large contributor for overall growth due to Cranberry being an intersection of Interstate 76, Route 19, and Route 228. Locals use the surrounding highways to cut down travel time in Pittsburgh since the community is in a position for easy interstate access . Bus services are another mode of transportation providing access throughout the area.

The town is a fast growing location not only in population, but also in regards to incoming business. Several known businesses stay in Thorn Hill Industrial Park and various large name retailers are located in the Cranberry Mall region. Westinghouse Electric Company has made the Cranberry Woods area its national headquarters with the move completed in 2010. The company, specializing in nuclear technology, supplies fuel, services, equipment, and design assistance to the electrical power industry. Their goal is to create cleaner electricity to all future generations through the globe. While a little confusing, the many Pennsylvania municipalities offer a wide array of activities to locals or those visiting the area. Individuals can enjoy culture, entertainment, dining, fine arts, and are surrounding by several leading national companies. Businesses choose this area for multiple reasons and many individuals have made Cranberry Township their home.

What Is the PPS Register?

The PPS Register is a national register that contains information regarding personal property security. This helps to keep track of loans and other deals that involve a 'security' in the form of collateral. Here we will look at what this means, and what the PPS Register means. The term personal property refers to anything that…

The PPS Register is a national register that contains information regarding personal property security. This helps to keep track of loans and other deals that involve a 'security' in the form of collateral. Here we will look at what this means, and what the PPS Register means.

The term personal property refers to anything that you own. In other words then it is not just homes, but also a range of other assets, accounts and even goods and livestock. The idea behind personal property securities is that you put this personal property up as 'collateral' and this will normally mean that you are putting your home up although the precise property may vary. If you are putting your property up as collateral in a loan, what this means is that the property is the 'reassurance' that the lender will get their money back. This way this means that the company will be able to offer lower rate loans because they will be guaranteed to get back the money they lent. At the same time, by using personal property securities, it is possible for someone to get a loan who does not have a stable form of income, or who does not have a very good credit rating.

Once the person defaults on their loan and can no longer afford to pay it, that property then becomes 'encumbered'. By following through a set procedure called 'perfection' the lender is then able to seize the agreed upon assets as outlined in the contract, and then sell them in order to raise the reminder of the debt they are owed.

The idea of ​​a personal property securities register is to bring all the information relating to various securities and the laws across the different states and territories in Australia so that both lenders and borrowers can better understand what they are agreeing to. At the same time the PPS register allows individuals and businesses to check the status of their properties and whether they are registered as security interests, or wherever they are prospective security interests. It is against the law however to search for the private information of others for any reason.

Anyone can register their security properties on the PPS register by going through a secured party or their agent. This can also be accomplished online, or via submitted registrations. The register will be searchable by again navigating to the page using your web browser and then entering your search queries in order to find your personal security properties.

This system is currently being introduced into Australia meaning it is very important for businesses and individuals to learn the various aspects of the PPS register so that they can better understand both how to raise capital using their assets and how to track those securities, as well as how to give out secured loans. This system should help make the whole process much easier to track, as well as getting rid of unnecessary complications and problems, however to make the most of the changes it is important to spend some time familiarizing yourself with the matter.

Should I Professionally Inspect My Home Prior to Renting It Out?

The decision to rent out your home may or may not be an easy decision for you. You may be faced with a rental situation is your home does not sell or maybe you are just getting into property management. The details of managing your property in dealing with tenants can be rewarding and it…

The decision to rent out your home may or may not be an easy decision for you. You may be faced with a rental situation is your home does not sell or maybe you are just getting into property management. The details of managing your property in dealing with tenants can be rewarding and it can be very frustrating. Choosing the right renters is always a tricky task. Knowing if they will maintain your home properly or not is also a risky move but one that must be done if you were to rent the property.

Having a professional inspection prior to renting the home may be in your best interest as you will know a static what is and is not wrong property before you let tenants in. Why should you have a professional perform the inspection? If you miss something, a tenant could come back at you for repairs even if they created the or caused the issue.

A professional inspector will look over the entire property just as if a buyer is purchasing it. They will start from the ground up and inspect the crawlspace if applicable, the siding and insulation, the roofing and any pest issues. They will also make detailed notes of the interior condition as well. You can have them take photos, make notes as to existing issues, and create a report of any future issues that may need to be taken care of soon. At this time, it would be for all of you to replace or repair any major issues that the inspector could find. Especially if there are safety hazards you will want those address for any tenant looks at the home. Tenants may have pets or children and you need to make the inspector aware that this will be a rental and he or she will need to consider all types of tenants while performing the inspection.

Once the inspector has completed the report and you are satisfied with all the details and completed any and all repairs, you will make sure that the tenant reviews and signs the inspection report. They need to be aware that they are responsible for any issues that they create other than normal wear and tear and maintenance on a home.

It may cost a little more to complete this extra step is your peace of mind and any additional costs in the future that you should not have to pay for will be well worth it with the pre-inspection prior to renting a property.

Sell or Rent Your House More Quickly: Tips On Creating a Compelling Advertisement

If you would like to sell your house or simply rent it out there are some basic things you should keep in mind that will help make your home more attractive to potential buyers or renters. It can be frustrating to have your home sit on the market for an extended period of time so…

If you would like to sell your house or simply rent it out there are some basic things you should keep in mind that will help make your home more attractive to potential buyers or renters. It can be frustrating to have your home sit on the market for an extended period of time so if you use these tips you should be able to sell or rent it out much more quickly.

One of the most important things is to keep the property in good order. Potential buyers will be looking for evidence that the home was cared for and if the lawn is not well taken care of or siding is coming off of the home it will be an immediate turn off or the buyer will value the house less than otherwise.

If you are not the handyman type of person it could be worthwhile to hire someone to fix up the property if there are several different problems. If everything is squared away you should be able to find a buyer more quickly and get one that values ​​the property at a higher level than they would if there were work that needed to be done to the house or outbuildings.

If you plan to rent your home out and are going to advertise the fact there are a couple pointsers about creating a rental listing that can help you. Many people advertise on sites like Craigslist and the results are mixed. The great thing about Craigslist is that it is a free forum but the quality of postings is quite low. This can actually be a good thing for you if you are willing to put in a little more work than most people since you can create a listing that will stand out from all the others and attract more prospective bids. There is also a good chance that a quality listing will attract better competitors.

To make your rental or sale advertisement better than the rest first follow the tips above about doing property cleanup and repairs. Then you can move on to taking some quality photographs of the property. Many people make the mistake of taking photos at a time of day when the light is not favorable and the results make it hard for potential renters to determine the type of house as well as the layout and location.

When you take your pictures for the listing you may want to think like a prospective tenant will think. Remember that they will be viewing the ad online and will not know all about the area like you will. Try to give them a good sense of the interior and exterior layout of the home as well as what the surroundings are like.

Beside pictures a good description is also important. Again, if you think about the questions a tenant is likely to ask you can respond to most of the potential inquiries right in the ad and avoid time consuming back and forth emails or phone calls regarding basic information about the property.

Hopefully these tips will be helpful in your efforts to rent or sell your home. Remember to create an impressive listing and you should get excellent results!