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Waxhaw, NC

Property Management Solutions!

David Lee Morton: Real Estate Agent in Charlotte, NC

If you’re like me you’re always on the lookout for new property management solutions, ideas that will make your property management run more efficiently and less expensively.

In today’s property management training article I’d like to share ten property management solutions I’ve personally used, along with tips on which worked well and which not so well.

Set The Right Expectations

Property management solution #1 is to set the right expectations with your investors, your tenants and your vendors.

This also falls into the time management category. I remember a long time ago somebody once told me, “If you don’t manage your time somebody else will manage it for you.”

How true.

If you’re working with building owners, set the right expectations for your weekly or monthly reports, distribution of owner funds, and follow-up calls and emails.

With tenants, be consistent with rent due dates, when rent statements are sent out, deposit of funds, and willingness to do repairs that maybe aren’t called for in the lease. After only a few months of setting the right expectations with tenants you’ll be surprised how everything falls into place.

Develop A List Of Reliable Vendors And Suppliers

I find that by paying the vendor early and by not nickel-and-diming the vendor, that in return I get very competitive pricing and straight-forward, reliable service.

Even if you only have one good vendor that you work with, they can probably provide a wealth of referrals to people they know that work in other trades. The fact is, people know and do business with people like themselves. If you’ve got one guy or gal that’s a great supplier, they will know others to refer to you.

Send Monthly Rent Statements

This is the #1 way to improve your cash flow and to move your cash receipts up in the month.

Many times we’ve taken over the management of a property where the tenants have fallen into the habit of paying just before the late date, say the 10th or the 15th.

By sending our printed statements 10 days before the due date of the 1st of the month, we’ve had a 100% success rate in getting tenants to pay by the due date and have dramatically changed the timing of the property’s cash flow.

On-Line Billing To Tenants

Most banks and off-the-shelf accounting software offer this service. As long as you have an email address for your tenants you can easily create a statement on-line and email it to the tenant along with a link for payment.

On-Line Payment For Tenants

This goes hand-in-hand with sending statements on-line. Your on-line statement to the tenant will have a link for payment which goes directly into one of the accounts for the property. You’ll save the time and trouble of opening envelopes and going to the bank to make those daily deposits.

One word of caution: Don’t spend a lot of money to set up a system like this. Most banks will do it for a few dollars a month, but I’ve seen pricier systems on the market as well.

If you survey your tenants and ask them if they’d like the option of paying on line, 99% will say Yes.

The reality is that many will still mail to you the on-line statement the printed or deliver payment to your office. The on-line payment option is nice to offer, but don’t spend a lot of money on one because the actual usage by your tenants will be a lot lower than expected.

Wellness Checks For Tenants

We’ll pro-actively do little things for our tenants: Replace burnt out lights, ceiling tiles, and check plumbing for proper operation.

This gives us the opportunity to chat informally with the tenants, maybe gather market intelligence, and in the case of a running toilet also keeps the water bill low for the property.

Direct Deposit For Owners

This is a great service to offer if you’re a professional property manager with several clients and properties under management.

Most banks offer this feature for a few dollars a month. You’re able to pay multiple clients on-line and get the owner its money the next day instead of waiting for the proverbial ‘check in the mail’.

If you’re in the property management business, this, along with timely and accurate reporting, is one feature that will build a lot of client loyalty.

Keep An Attorney On Retainer

I’m far from litigious, but trust me, as the market continues to get tough issues will start to pop up that you thought never would. It’s important to have a go-to person for legal advice and spending a little now will save a huge amount later on.

Websites And Internet Marketing

If you don’t have a website set up for your property, think seriously about doing it.

In today’s world so much marketing is done over the internet and if you don’t have a presence on the web you’re missing out on a lot of potential business and exposure.

Websites now days are amazingly inexpensive to create and maintain and will give you so much more bang for the buck than traditional ‘snail mail’ activities.

Real Estate Flyers

Just like with a website, you do not have to spend a lot of money to design a real estate flyer.

I find it best to create a template that can be used for multiple properties. All you have to do is change some copy and graphics for a property-specific or space-specific flyer, and in a few minutes, you’re up and running.

We have great results incorporating flyers into our property websites and in our other on-line marketing activities.

I hope this tips on property management solutions make things go smooth for your this year and that you continue to make moneyin real estate investing!

Charlotte Neighborhoods--Lawson

Carol Fox,  Charlotte Neighborhoods, Union County NC Real Estate Broker: Real Estate Agent in Matthews, NC

Lawson, a Charlotte neighborhood where history is preserved.

Lawson doesn’t have historical houses. It’s the land itself where Lawson lies among 500 acres of rolling woodlands that has a history. In 1701, an English naturalist named John Lawson followed an ancient trail of the Waxhaw Indians to discover the area. In the mid-1700s, a thriving settlement was located here where five roads met at Five Forks. The land was also the site of a 19th century mill called Howard’s Mill.

These historical sites are preserved in Lawson’s common areas, which encompass nearly a third of this master-planned community. Miles of walking and hiking trails weave through the common areas for residents to enjoy. The working water wheel and building of the community clubhouse evoke Howard’s Mill.

Lawson residents can enjoy its history and natural sites while living in newer homes. Started in 2005, Lawson has several villages completed and a new builder has announced plans for three new villages in 2012. The neighborhood has a great location off Cuthbertson Road in the small Union County NC town of Waxhaw NC. Waxhaw is a twenty minute drive from Charlotte’s southern edge.

Click the link below to get more information about Lawson, its builders, its community amenities, the 2011 real estate market, and its schools.

Lawson—Neighborhood Information and Homes for Sale

Watch a video tour of the Lawson neighborhood.

Click here to see Lawson homes for sale.

Click here to receive a free market evaluation of your Lawson home.

Copyright 2012. Carol Fox. Allen Tate Realtors. *Charlotte Neighborhoods—Lawson*

Just Listed! 7 bedroom 4.5 bathroom home in Victoria Lake Subdivision in Waxhaw, NC for $750,000!

Don Anthony~ Charlotte & Triangle NC For  Sale By Owner Agent & Discount Realtor®: Real Estate Agent in Charlotte, NC
Custom Built home on 1/2 acre wooded lot!


Overview
Maps
Photos
Features
Description
Neighborhood
Market Stats

















$750,000
Single Family Home
Main Features
7 Bedrooms
4 Bathrooms
1 Partial Bathroom
Interior: 4,550 sqft
Lot: 0.47 acre(s)
Location
8301 Victoria Lake DR
Waxhaw, NC 28173
USA

To get updates on open home dates and other property events, please click the "Like" button below:


Don Anthony

Don Anthony

Don Anthony Realty
(704) 644-1467
info@DonAnthonyRealty.com
http://www.DonAnthonyRealty.com



Listed by: Don Anthony Realty

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Charlotte Neighborhoods--Millbridge

Carol Fox,  Charlotte Neighborhoods, Union County NC Real Estate Broker: Real Estate Agent in Matthews, NC

Millbridge, a great place to find a new home in a master-planned community.

Charlotte’s only covered bridge to welcome you into the community. An amenity center with a 12,000 square foot clubhouse, two pools and an airnasium. A nearby town park with sports fields. A recently-built elementary school within walking distance.Millbridge in Charlotte NC

Millbridge is a Charlotte neighborhood where the amenities were built before the homes. With about 200 homes currently finished in the neighborhood, Millbridge will eventually include 2000 homes. Five builders are currently building in the neighborhood. Homes can be as small as 1500 square feet or as large as 4000 square feet. Ninety percent of the 2011 sales in Millbridge were new construction.

Millbridge is located in the small town of Waxhaw. Waxhaw is a historic town with quaint shops, a farmers market and a number of community festivals. The town is about a twenty minute drive from the southern edge of Charlotte.

Click the link below to get more information about Millbridge, its builders, its community amenities, the 2011 real estate market, and its schools.

Millbridge—Neighborhood Information and Homes for Sale

Click here to see Millbridge homes for sale.

Click here to receive a free market evaluation of your Brighton Park home.

Copyright 2012. Carol Fox. Allen Tate Realtors. *Charlotte Neighborhoods—Millbridge*

UNDER CONTRACT! Lot in Luxurious, Gated Skyecroft Community

Debe Maxwell - Search Charlotte Homes for Sale - Charlotte NC Neighborhoods: Real Estate Agent in Charlotte, NC
UNDER CONTRACT - South Charlotte Gated Community Lot For Sale


Overview
Maps
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Features
Description



















$75,000
Lots and Land
Main Features
Lot: 0.76 acre(s)
Location
7819 Clover Vale
Waxhaw, NC 28173
USA

To get updates on open home dates and other property events, please click the "Like" button below:


Debe Maxwell, CRS

Debe Maxwell, CRS

Savvy + Co. Real Estate
(704) 491.3310
Debe@DebeMaxwell.com
http://www.iCharlotteRealEstate.com

       


Listed by: Debe Maxwell - Savvy + Co. Real Estate

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