The Benefits of Property Management
Real estate has always been a good investment. No matter the social or economic climate, a piece of property is always useful especially in a dense urban or suburban area where a single tract may house many individuals. But, operating a piece of property, especially one with multiple tenants and/or large facilities, can be a drain to those who aren’t properly prepared. That’s why contracting a company skilled in property management is beneficial to both your sanity and the bottom line.
Of the many responsibilities inherent in the daily operations of a residential facility, physical operations is one of the most demanding. Utilities can be compounded by the hundreds, with water, sewer, electric, and cable lines crisscrossing the property and buildings. Add in the structural upkeep, heating and cooling systems, and care to any grounds therein and you have a titanic job. A property management company takes care of these burdens for you by contracting out labor skilled in the various requisite fields, leaving you free to reap the rewards of ownership.
Bookkeeping is a task that eludes many, but one that is necessary to the successful operation of any apartment complex or condominium. Rent and various fees must be collected from tenants, while taxes and, possibly, some utilities must be paid out by the owner/s. A skilled accountant or bookkeeper working for the property management firm of you choice will ably dot the i’s, cross the t’s, and always carry the remainder.
While you may be skilled in one or more of these fields, for there are many more not discussed, often a small deficiency can lead to costly problems. That is why an adept property management firm will keep you ahead of the game even if they only handle a portion of the workload.
The View From A Career Counselor
Here’s an interesting email from a career counselor posted by Andrew Sullivan on his blog. The key piece of advice seems to be that you have to go outside the normal channels if you want to be successful on your job search. Sending resumes to job boards only gets you so far.
I feel for the guy, but he should break the rules more often. Having been unemployed myself for months, I understand the frustration. But having worked in career counseling for a few years, I know how to look for a job. Most people don’t, and would do better if they did.
Don’t waste too much time with job boards unless you are someone with a very specific technical skill looking for a job that requires that skill. Do contact employers directly and consistently, and contact them before they have job openings. The old nostrum that “if a job is posted, it’s been filled” is generally true.
The reality is that 80% of jobs are filled via personal connections and relationships. It really is like high school; people hire people they know and like. Think of everyone you know, even your worthless brother in law, as a potential connection to a job, either directly or indirectly. Your resume should be the last thing an employer sees, because the first thing they should see is you in person.
The writer goes on to give 5 useful tips of how to approach a job search. Check them out.
Andrew then posts responses from other readers. This one caught our attention.
The career counselor nails it. I’ve been looking for a job for about two months now and have come to the conclusion that Human Resources is, without question, the most useless, bureaucratic, least efficient department in ANY organization. HR has, ironically, perfected the extrication of any sort of human contact imaginable when applying for a job – no names, no contact info, no phone numbers, no nothing. I even went to one job fair where an HR rep for a company refused to accept a resume I was trying to hand her. “We only take resumes online for jobs posted,” she said.
You can’t just go through the motions. Get out there and bypass HR whenever possible. Keep networking – relationships matters!
Essentials of Commercial Property Management
Owners of any property need to have somebody manage it effectively. This can involve managing aspects between the management firm, landlord, and the tenants of an apartment building. Commercial property management, however, involves the management of office or retail property, as well as manufacturing and industrial property and even parking lots.
Finding a manager involves looking for someone who is equipped to address maintenance concerns, accept rent from tenants, be it a store owner or small business, and advertise the availability of vacancies. Managing litigation with tenants in addition to contractors and insurers is another possible role, or the manager could be responsible for working with a trained attorney.
To get in touch with somebody in the field the easiest way is to use search-able directories on the Internet. Certain professionals may be specialized in managing a particular kind of property, such as retail property, a warehouse, a parking garage or a laboratory. Searching by property, zip code, state or city is the fastest way to find somebody in your local area. This will narrow down the choices, and you can begin evaluating qualifications and obtaining quotes.
The benefits of using an online database include the ability to search at no cost. Property owners can find managers and companies, get quotes and search any location right from their computer. For managers, the process of adding their information and what they specialize in makes them much more available to those searching.
It is important to find the best property manager because they manage rent collection and rates, are knowledgeable about legal regulations, know effective marketing and advertising techniques, inspect property before anyone moves in and have professional relationships with maintenance workers, contractors, suppliers and more. Owners and tenants generally do not have this kind of access, so it is a beneficial relationship that ensures functionality for a given property and profitability.
Protect Your Life and Your Lifestyle
Protecting your home and your family is of the utmost importance. Nothing is more important that the well being of you and your loved ones and while not remotely comparable in value to your people, there are probably no possessions that mean more to you than your home and car. When watching the news, it is surprising to see how many people fall into trouble by failing to use either common sense, or failing to proactively look for ways in which their security can be enhanced.
Of course, physical safety immediately comes to mind when thinking of protection. It is of paramount importance when referring to one’s well being. Keeping your home secure and safe is something that every one can improve in, whether using well known tricks like inserting a dowel in a sliding door frame, or double checking the stove to be sure the burners are actually all turned off, and it never hurts to be diligent.
Many people also use the word “security” when referring to finances, but don’t necessarily tie the two areas together in their minds. Proper home owner’s or renter’s insurance will guarantee that the value of your belongings are protected. Life insurance for breadwinners and caretakers let family leaders rest assured that their families are taken care of. Health insurance takes care of illness or injury costs should they arise. The many different car insurance companies are in business to make sure that you always have a functioning vehicle so that your life continues should you run into trouble. Savings and sound investments are important should unexpected expenses arise so that your day to day life experiences as few hiccups as possible during the hardship. Having a plan in each sector of your life will help you to make the choices that protect you and your family so you can know that life’s wrenches won’t derail you.