172 articles on property management education, written by the team that manages 700+ rental units across the Columbus metro. Page 7 of 8.
As a business, we’re always learning new ways to refine our processes to best accommodate our clients and their needs, but we’ll admit that working in property management can be a humbling experience, especially during periods of growth. Truth be told, we’ve made our share of mistakes during our com
Read the article →Most people hire a property management company because they don’t have the time, expertise or interest in managing the myriad aspects that come with being a rental property owner. One such aspect that most property owners are more than happy to outsource? Dealing with tenant complaints. Before jumpi
Read the article →When property owners hear the term “property management,” they conjure up a variety of definitions, most of which are not accurate. The challenge is that without a standardized scope of services provided by property managers, it’s easy for confusion and frustration to take hold, because most client
Read the article →Like any financial decision, an investment in real estate has to be strategic. You need to understand its potential as a revenue stream and what opportunities it offers for growth in a given market. With each strategic investment, your real estate portfolio will grow, and at a certain juncture, so t
Read the article →While mistakes are an inevitable part of life, no business owner likes to admit to making them. But, in the spirit of transparency and sharing what we’ve learned, we’re going to do something a little differently in this post than what we usually do on our blog. We’re going to discuss a recent mistak
Read the article →Securing good tenants is one of the most important components of being a property owner and real estate investor, and it’s something we spend a lot of time thinking about here at RL Property Management. Throughout our years as a property management company based in Franklin County, we’ve studied the
Read the article →One important part of being a landlord or property owner is dealing with utilities. When lease terms are not clearly spelled out, utility payments, and who’s responsible for what, can become a point of contention between tenants and landlords. Ensuring that tenants are paying the utility bills the
Read the article →Filling units with reliable tenants is important for many reasons. It may cut down on turnover and reduce your overall vacancies, it may limit the amount of issues you have to deal with related to a tenant’s ability (or inability) to pay, and it may mean having residents who are more likely to
Read the article →The goal of an investment property is for it generate revenue for you through rental income, but we can’t talk about rental properties and investment opportunities without also talking about vacancies. Vacancies between tenants or during a major renovation project means you could be going through we
Read the article →Filling your rental properties with quality tenants is essential to remaining successful as a property owner or landlord. Maybe if you’re really lucky, a great tenant will just walk through your door. But more often than not, it takes work on your end to find tenants who will be a good fit for
Read the article →As with any new challenge in life, mistakes are an inevitable part of navigating the learning curve. Fortunately, there are ways to minimize the amount of mistakes you make by learning from those who have gone before you. As small business owners ourselves, we have definitely made our share of error
Read the article →Investors have a lot on their plates, and a big priority is ensuring that their units are filled quickly and turnover stays low so that a steady stream of income continues to flow in from their investments. In terms of filling vacancies, there are several ways to handle it: do it yourself, outsource
Read the article →We all know the power of a brand. Think Coca-Cola, Nike, Rolex…they all conjure up certain images in your mind and maintain an intangible grip on us, even if they are products we may not regularly consume. Large Institutional Investors have captured the power of our minds in real estate. Companies l
Read the article →Competition is an important force in our economy, but we all recognize that it’s not always a fair fight. Small business owners going up against big heavy-hitter players in the market simply don’t stand a chance. And that’s when we hear many of them resign and simply say, “Well, if you can’t beat th
Read the article →If you’re looking to buy an investment property in the greater Columbus area, one of the biggest questions you likely have is how much money will the property make? On a monthly basis, what can you expect your cash flow to be? When looking at cash flow, there are two major components to consider.
Read the article →Your investment property relies on a steady stream of monthly income in order to meet your own financial obligations as well as generate revenue, but one thing a lot of people may not think about when it comes to receiving rent and other payments from their residents is the order in which those paym
Read the article →To be fully transparent, you might not need to hire a property management company. If you enjoy the problem solving, have time to handle after-hours emergencies, and aren’t frustrated by navigating the byzantine processes put in place by local governments, you are more than capable of managing your
Read the article →Lease violations often occur for issues other than non payment of rent. How are these handled?
Read the article →RL Property Management Group Grows Rental Unit Business 45% with Acquisition of Core Select Group’s Property Management Division Acquisition vaults RL Property Management Group into the top 5 of similar companies within Central Ohio COLUMBUS, OHIO, April 14, 2020, RL Property Management Group, a fu
Read the article →A top worry of most landlords is a middle of the night call from a resident stating that there is a maintenance emergency. The following post will look back at data from all of RL Property Management’s 2019 after-hours maintenance calls. This data is from our Columbus, Ohio office location. Temperat
Read the article →Regular property inspections are one of the most essential practices in professional property management. They help safeguard your investment, maintain tenant satisfaction, and prevent small issues from turning into costly problems. At RL Property Management, we perform thorough inspections four tim
Read the article →We help real estate investors unlock free time and peace of mind by correctly managing their property, transforming their investment into true passive income. What this means in practice: We manage properties for the long term. Our decisions are made assuming the current owner will be holding onto t
Read the article →As a property owner, one of the concerns that you face is handing over the responsibility to your property manager to find a tenant that you will never meet. At RL, our leasing department has a fine-tuned process to finding a qualified tenant for your property. Advertising Our screening process begi
Read the article →Passive income. That’s the dream from the beginning, Robert Kiyosaki’s Rich Dad, Poor Dad, Tim Ferris’ The 4-Hour Work Week, what we all learned from these books was to let the asset do the work for you! You make money while you sleep, right?
Read the article →A free, data-backed rent evaluation using our own portfolio numbers and current market comps.
