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Common Mistakes to Avoid if You are New to Property Management

Common Mistakes to Avoid if You are New to Property Management

by Peter Lohmann | Aug 16, 2022 | Owner Education, Owner Occupied Podcast, Property Management Education

If you’re new to property management, growing your business or investment portfolio can sometimes feel like it goes in fits and starts. With anything new, it takes time to find a rhythm, and we all encounter some mistakes along the way. As small business owners...
Is It More Expensive to Self-Manage or Hire a Property Management Company?

Is It More Expensive to Self-Manage or Hire a Property Management Company?

by Peter Lohmann | Aug 11, 2022 | Owner Education, Property Management Education

Newby real estate investors who want to wade in the waters of owning income-generating property often begin by investing in just one or two rental properties. With a smaller portfolio, it can also feel less overwhelming to take on the responsibilities of managing the...
Factors to Consider if Your Rental Units are Sitting Vacant

Factors to Consider if Your Rental Units are Sitting Vacant

by Peter Lohmann | Aug 9, 2022 | Owner Education, Property Management Education

No one invests in rental properties only for them to sit vacant. If your units have been stuck with the lights off for too long, don’t just sit there, do something! Here’s where to start. Take an objective look at your property’s condition – Maybe prospective...
Rental Property Reserves: How Much Cash Do You Need on Hand?

Rental Property Reserves: How Much Cash Do You Need on Hand?

by Peter Lohmann | Aug 4, 2022 | Investing in Rental Properties, Owner Education, Property Management Education

Investing in rental properties is a good way to generate income, but it also comes with expenses – the biggest of which are generally maintenance expenses. While staying on top of routine maintenance is one of the best ways to prolong the life of your property...
How Much Detail Should You Include in Your Lease Agreement?

How Much Detail Should You Include in Your Lease Agreement?

by Peter Lohmann | Aug 2, 2022 | Owner Education, Property Management Education

Arguably one of the most important protections you can put in place for both yourself as a landlord and for your tenants is a lease agreement. A well-written lease agreement holds both parties accountable for what’s been agreed upon in the lease terms, helps prevent...
Ways for Real Estate Investors to Scale Their Assets

Ways for Real Estate Investors to Scale Their Assets

by Peter Lohmann | Jul 26, 2022 | Owner Education, Property Management Education

A common struggle for real estate investors is overestimating what they can accomplish in one year and underestimating what they can do in five. The math is simple – say you purchase a 10 unit multifamily property for $2,000,000 and had a down payment of $400,000....
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