I recently attended the National Association of Residential Property Managers (NARPM ®) annual convention in Las Vegas, Nevada. One of the highlights of this year’s convention was the long-awaited release of a newly updated financial benchmarking report. In a...
Did you know that using your own contractor to make repairs, upgrades or otherwise improve your rental can seem cost-effective in the short term, but in the long term it can introduce unnecessary risk and expenses? Why should you be concerned about this matter?...
Those you may know as “Section 8” renters can be great tenant(s) for your property. I often share the pros and cons of renting to “Voucher Holders” with prospective clients. There’s great opportunity to be enjoyed by renting to these residents. In...
Columbia Property Management reaches an important milestone this month, ten years in business. This is no small feat when a majority of new small businesses in the U.S. fail. Survival rates improve for a given business as it ages. ~66.67% of businesses with...
Speaking Property Owner to Property Owner Often, when speaking with prospective clients I ask if they have worked with a property manager before. This conversation took place just recently and the property owner replied, “Oh, Scott, you understand the rental...
One of the most disconcerting experiences in property management is coming into conflict with a disgruntled resident. For many renters, paying the rent is one of the greatest monthly expenses they have. The slightest difficulty with their rental home can cause...