As a real estate investor, you have 2 options for managing your properties. One option is to be a DIY landlord, and the other option is to hire a professional property manager. If you’re asking yourself “should I hire a property management company, or should I self-manage?”, there is no right or wrong answer. However, …
You may have seen the Netflix hit “Tidying Up” with Marie Kondo. Her decluttering and organizing methods have inspired the world. We’re sharing some of her greatest tips below. If you’re getting ready to move, this advice can really help with your packing process as well. Tackle categories instead of rooms. Organizing room-by-room …
We’re all feeling it. As the stay-at-home weeks drag on, we’re anxious to get back to life as we knew it before Coronavirus. We’re ready to have a meal in a restaurant with friends and family, go to a concert, go shopping, go to church, and so on. You might be dealing with extra stress, …
Tax time is approaching quickly. Here’s a brief introduction to what property investors need to know about types of taxes on rental real property. What Tax Form Do I Use to Report Rental Income? Rental income is reported on your tax return using Form 1040, Schedule E. You’ll list your rental income, expenses, and depreciation. …
Rental Properties and Taxes: What You Need to Know Read More »
We all know that investing in rental real estate is one the best things you can do for your portfolio. But, as you may have already experienced, it is a large time commitment and requires a lot of knowledge and effort. Whether you are thinking about becoming a landlord for the first time, or the …
What are the responsibilities of a property management company? Why might property owners and real estate investors choose to hire a property management company? In a previous blog post, we went into some detail regarding what a property management company does. You can find that post here. For this blog post, we thought we’d delve …
Property Management Responsibilities: The Management Group Read More »
The Management Group manages apartments, plexes, single-family homes, condominiums, and other properties in Washington and Oregon. If you’re in the market for a property manager, it might be helpful for you to know exactly what it is we do. In fact, a lot of people — property owners and otherwise — ask what property management …
Is your investment property sitting vacant for too long? Many owners think the only option is to reduce the rent, but that is not always the case. What does TMG do in lieu of reducing the monthly rent? First, consider what the current rent is set at. What does the market say? If the rent …
There is no perfect formula to determine market rent, but there are many tools TMG uses to make sure the rental prices we set are in line with the current market. Our goal is to make sure we’re maximizing your investment property by getting the highest rent we can secure, while minimizing vacancy loss. Remember, …
With bad weather continuing to hit us from all angles, it’s not too late to take steps to guard your property against extreme weather. Here are a few steps that can assist you in preparing your home for extreme weather conditions. Remove all hoses from the exterior hose bibs and install thermo hose bib covers …
7 Reasons to Invest in the Pacific Northwest Thinking about investing in Pacific Northwest real estate? Now is the perfect time to make the move. Here are our top 7 reasons to invest in the Pacific Northwest.1. JobsHigh tech companies flock to this area. The Portland area has been nickmnamed the “Silicon Forest” due to …
6 Amenities Tenants Can’t Resist What Do Tenants Want? While the financial aspects of owning an investment property (ROI, Cap Rate, etc.) are most important for investors, what is most important for tenants? Which properties rent the fastest, and typically bring in the highest rents based on their square footage and amenities? Here are six …