MPM Tips

PREPARING YOUR HOUSE FOR SPRING: WHAT TO CHECK

Winter is over and it's time for a spring refresh and maintenance. To make the process easier for you, we have prepared a spring screening checklist. Here's a list of things to check, both indoors and outdoors. OUTSIDE SCREENING. Roof and tile. Cold weather, strong winds, and temperature extremes can cause damage to your roof and tile. Make sure that the surfaces are intact and undamaged. If...

Eco-Friendly Mold Removal Methods

Mold is an unwelcome guest in our premises, especially in damp and cold environments such as bathrooms, basements, and attics. This unpleasant attribute not only ruins the appearance of the places but can also seriously harm your health. Stale air, dry cough, headaches, and allergic reactions are just some of the possible consequences of living in a mold-contaminated environment.   Despite mold...

STUDENT RENTAL INSIGHTS: BENEFITS AND CHALLENGES

Renting property to students can be beneficial, but certain aspects should be considered before taking this step. Here are some advantages and disadvantages of this type of rental:   Advantages:   High Demand: Property located near universities and colleges often finds its tenants among students.   High Profit Potential: Owners can earn more through higher rents for students or...

PROPERTY UPGRADES THAT ARE WORTH IT

Repairing and upgrading a rental property requires a careful approach.  We have researched the impact of the most common types of upgrades on rental pricing and income.   Types of Repairs:   It’s worth understanding the different types of repairs or renovations a rental property can undergo. The main types include:   Routine Maintenance: This type of repair focuses on...

ACCELERATING UNIT TURNOVER: A PROPERTY MANAGEMENT GUIDE

Vacant units are more than empty spaces—they're missed opportunities for property managers. Turning over a unit efficiently after a tenant vacates is critical since each idle day equates to lost income. Therefore, crafting a solid strategy to reduce vacancy duration is essential. Below you'll find actionable advice to shorten the turnover time—the period between the departure of one tenant and the...

Key Tips for Setting Rental Rates for Your Property

Welcome to our guide on setting rental rates for your property. Determining the perfect rental rate is crucial for property management, as it directly impacts your income. But don’t worry, we’re here to help you make informed decisions and maximize your earnings!     📊Step 1: Market Analysis To set the optimal rental rate, start by researching other rental listings in...

COMMUNICATING WITH YOUR PROPERTY MANAGEMENT COMPANY – TOP STRATEGIES FOR BEGINNERS

Building a great relationship with your management company is the key to success for real estate professionals. Good communication breeds reliability and confidence that your needs are being met.   We have prepared some tips for you to communicate effectively with your property management company.   Clear expectations: Define your property management needs and communicate them...

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