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Top 9 Questions to Ask a Property Management Company

Now you have an investment property the next step is to find someone to take over its management. Do your research and list questions you want to ask when interviewing prospective property management companies. Short list a few companies that interest you.

Phone them to ask questions then, if you are still interested; make an appointment to visit in person. Visiting in person gives you an idea of how they conduct their business and you can meet the people who will represent your interests. Here are the top five questions to ask when you interview a property manager.

1. Does the Company have a Dedicated Management Arm?

You want to know whether the property management company offers a complete service or if it is just a side line for a real estate office. Who and how will your property be managed. How many staff are in the office? Who will deal with you and your tenants if staff leave or are sick?

2. Does the Company Owner/Director get Involved in the Business?

Most property management companies are divided in two – selling real estate and managing real estate. Usually the company director is involved with the sales side as it is the high profit area of the business and a property manager takes care of leasing. If the company director is involved with the property management arm of the business, you may find they take it more seriously than others.

3. How well do they know the Rental Business?

Check with the property manager how long they have personally been dealing with property management. Just because you are talking to a well known real estate company does not mean their staff have a lot of experience. It also does not mean they provide top quality customer service.

Some property managers start out working in a real estate office as the office person and work their way up. Some move into property management and the rest into sales. Other property managers have specifically chosen property management as their career.

4. How long has the Property Manager worked for the Company?

You want a property manager that is stable in their employment, and who takes looking after your interests seriously. There is a lot of stress involved in property management, with a high turnover of staff. In six months time, you want to be talking to the same person to build a business relationship that understands your needs and the property. This is a good reason to look for a property manager dedicated to it as a career.

5. What Area does the Company Service?

You are right to consider companies that have expert local knowledge but, if you intend buying more properties in the future, how far does their expertize reach?

You do have a choice – either hire a property management company in each geographic area or find one that covers a wider area to take on all your properties.

6. How do they Conduct Property Inspections?

This is really an important one – the last thing you want is for a property manager to just hand out your keys to prospective tenants. Too much can go wrong. You want to know that the property manager will give good customer service and personally take prospective tenants to inspect your property. Or, they may hold open houses at specific times. This gives them a chance to get to know a future tenant better.

7. How many Properties does the Company Manage?

You want to know how many properties the property manager manages personally. Some may have 200 or more. If they do, I wonder how they can give you and your tenants top customer service. Others may have only up to 150 but charge more for their service. This may be a better option to get peace of mind and, ultimately, make a good return on your investment property.

8. Does the Company’s Staff Work Six Days a Week?

You want a property management company that can show your properties when it is convenient for the tenant. After all, you want tenants that can pay the rent so that means that most will be at work during normal business hours; unless it is a commercial property for rent. In the world of internet advertising, enquiries come in 24 hours a day. This comes down to their availability and ability to deal with maintenance issues as well.

9. Does the Property Manager Check New Tenant’s Credentials?

It is important to ask how the property management company checks out the credentials of short listed prospects. You need to reassure yourself they check people’s credit and rental history, and their past and present employment.

All prospective tenants must be screened carefully. Does your property manager have adequate access to information for this purpose? Do they provide you with a written report that backs up their claims when handing over short listed prospective tenants?

You now have plenty of information to help you seek out the very best property manager for your growing property portfolio. Enjoy your investment.

Information Product Creation: Never Compete on Price Because There Is Only One You

Information product creation requires extensive preparation, no matter which niche you work within and you want to make sure that your information product has a successful launch. That probably sounds scary and intimidating but here’s the thing: this is a one time effort and it will pay off in a foundation that is strong enough to get your ideal clients to invest in your high-end programs and services without the perils of a traditional funnel. This article will teach you a few of the things that you need to remember if you’d like to invest in yourself and start on the information product creation path using your unique talents and abilities. Remember that you never have to worry about anyone ripping off your ideas because if you understand how to properly position yourself around your story.

Understand Both Strengths and Weaknesses: It is good to have an impartial view of your own strengths and weaknesses when lay the foundation of selling yourself within the information product creation process. It helps you figure out where you are, what you lack and how to move forward so that you get as much growth as possible. It is more than important, it is urgent if you want to create fast success for yourself to have personal positive reinforcement and deep belief to provide yourself the support you need so that you can get over your own limitations to ensure that your information product is as valuable as it can be.

You also need to know exactly who your competition is so you can study them and use their methods to help you improve your own standings. Down recreate the wheel, but understand the wheel and position yourself going uphill from the competition. Check out which kinds of opportunities you’ve already got and try to figure out how best to use them while taking care to remember your strengths and weaknesses. This is a great way to figure out where you stand against your competition which helps you figure out how best to grow.

Launch on Time: No matter what, even if you haven’t officially announced your “launch date” you should launch the site when you’ve said you would. This will force you to stick to your goal and actually work on it. Thinking that “I’ll launch it when I think it’s ready to launch” will only hinder your efforts. You’ve got a responsibility that you need to live up to with your launch, and you can’t move back on that one. If you get close to your launch date and you are getting hung up on your self limiting beliefs in your information product creation, don’t worry this about getting it out there and not perfection. As long as it is usable you should launch it. Launching on time is the professional thing to do and it is more important than creating a “wow” effect in your site visitors. You can always update/upgrade your website when you have to, so there shouldn’t be any issue with that.

Analyze Your Own Concept: If you want to make your information product creation successful you need to understand how good your concept is: is it really going to work for your chosen audience or would something else be better? You already know about your competition; how does your concept measure up? If you haven’t come up with your own idea and are trying to work with someone else’s concept, do some more work on your own before your launch. People want original ideas because they’ve seen too many other me-too websites already.

Test Your Concept Before You Commit To The Information Product Creation Process: One of the biggest failures people have with information product creation is not testing an idea before putting a lot of effort into producing an information product. PPC to a small 5 page site with a landing page is a great way to test an offer before you even produce it. If people will sign up to get it, you can be sure that you can create an information product that will target eliminating the pain of your target market. The small amount of money will be invaluable in using crowd sourcing to direct the final outline of the information product creation process.

You’ll have lots of hurdles to clear after the launch of your information product and the only way to truly take care of them is to follow the advice in this article to work smarter. Plenty of people work hard, but it is the ones who work smarter who make real money online with the information product creation business model.

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Home Based Business Tips

More and more people are looking to run a home based business these days. Actually over 95% of working people’s biggest dream is to own their own home based business. For millions of Americans it is a nightmare getting up to the alarm clock on Monday morning to go to a place and build someone else’s dream. For those who are stuck going to the office every day, most think; what could be better than being your own boss, no office politics, being able to wear your fuzzy bunny slippers all day and have a 2 hour lunch rather than wolfing down a cold sandwich in a crowded lunchroom in 30 minutes. Network marketing is a great way for anyone to get their start at home. Here is the thing with network marketing as a home based business. You still have to work.There are some seriously great benefits of network marketing and working from home. Setting up shop is relatively easy. The biggest challenge with setting up your home based business is usually the WORK. The work is the part that makes the network marketing business profitable. So here are 3 tips to help you build a profitable home based business while not losing focus with your personal life.Set a ScheduleSetting a schedule for your home based business is the #1 most important step you can take. It is so easy to let work take over some part of every waking moment you have when you desk is but a few feet from your living room or bedroom. It is hard not to get out of bed and go straight to the computer sometimes and others times it is too easy to do something else other than work. Because most people have some form of a life whether it be tending their family or visiting with friends, it is really important to set a schedule for work and set time aside to balance your life too. All work and no play will make anyone very dull as well as unproductive eventually if you are in network marketing as you need to get your face in front of people. You need to set an 8 hour day for productivity with your home based business (if you are working it full time). The beauty with a home based business and working from home is it can be ANY 8 hours during the day. The catch is sticking to the hours you set and being productive during those hours.Staying in the Work ZoneWhen you are scheduled to work, you need to ignore everything else going on in your home. You need to be in the zone. If you have a home office where you can run your home based business and can shut the door, it is recommended to keep all the distractions at bay. By distractions, I mean a ringing home phone line, children or others that may be at home during the same times as you are schedule to work. Keep televisions and radios off especially if you need to concentrate on the computer or with making phone calls. Some less noticed distractions when working from home are things like dishes in the sink or house cleaning or mowing the lawn or other house tasks that can WAIT. Save these activities for after your work hours that you have scheduled. As well it is also important to get up in the morning and get ready for your day. This means set the alarm (this doesn’t have to be at the crack of dawn, but I also don’t suggest later than 8am), get up and get dressed. As easy as it is to stay in your bathrobe, things like PJ’s and lounge clothes are usually associated with relaxation which defeats the purpose and will make you less productive. You will be more in the zone if you are dressed to work.Have a Work SpaceIt is all too easy to work from many areas in your home with your home based business, especially with new technology of laptops and WiFi, but it is vital to pick a space for working where you will not be disturbed. Not only does moving spaces daily cause clutter in your head which is stressful in itself, but it causes disorganization with work. As well, opting for a well lit, inspirational area of your home to run your home based business will help you keep your mood up when working from home. Bedrooms are not recommended as they are associated with sleep and relaxation.Overall, working from home is one of the most rewarding experiences you can have and it will allow you so much more freedoms that you normally wouldn’t have, but making sure you are actually productive while working and then being able to balance your personal life is really the key to success with any home based business and network marketing opportunity.