Friday, February 15, 2013

Put Out the Financial Fire


 
Your property has been on the market for a long, long, long time. You are paying two mortgages and you're feeling the heat. You were hopeful that your home would sell quickly. When it didn't you tried to implement the seemingly smart strategy of dropping your price, bracing yourself for taking what would be a significant financial hit. Then the seasons changed and you put your hopes on the market picking up in springtime. Ready to douse the flames? Attentive Property Management can help you make this important transition.

Attentive Property Management
is committed to protecting and growing your investment.
APM manages properties throughout Southern Maryland,
Northern Virginia,
and the Washington, D.C. metropolitan area. 

Our Services Can Include:

~ Full Time Property Manager On Duty

~ Screening for Credit, Background and Eviction History for Every Tenant

~ File for and Manage Evictions Within the Local Laws

~ Communication with Local Attorney for Legal Questions to Ensure Compliance

~ Preparation and Negotiation of Leases and Lease Extensions

~ Supervision of Repairs and Maintenance via Licensed & Insured Contractors

~ Supervision of Lead Based Paint Compliance

~ Interior and Exterior Property Inspections

~ Provide a Local Contact for Tenants in Case of Emergency

~ Automatic Deposit of Funds to Landlord’s Account (Electronic Deposit Available)

~ Monthly Accounting, Year-End 1099

~ Management of Maintenance & Emergency Fund

~ Tenant Follow Up & Support (A Happy Tenant is a Good Tenant!)

~ Our Full Service Real Brokerage Provides a Connection for Resale/Tax-Deferred Exchange of Properties, and Real-Time Advice

… and more!

 Attentive Property Management

410.394.6339   or   202.236.3837

Email: Marketing@attentive-pm.com

Tuesday, February 12, 2013

Everybody's Looking for Something

 




 




Do you own a property that you have chosen to keep as an investment? Is it a single family home? A condo? A townhouse? Is it in the city and convenient to the sites, museums, nightlife? Is it in Southern Maryland, mecca for boaters and lovers of the Chesapeake Bay? Is it in Northern Virginia in an established neighborhood, convenient to the city and the country? Regardless, you have a property that someone is looking to rent. Attentive Property Management can help you find the right tenant, at the the right time, for the right price ... and handle all of the details for you.
 
Are you looking to rent a property until you can figure out your next move? For convenience to work, school, or interests? A place to live while you save to purchase your own home? To live for a set period of time or an indefinite period of time? Attentive Property Management will match you with the best property to fit your needs and lifestyle.
 
Attentive Property Management serves home owners and tenants in the Washington, D.C. metropolitan area, Northern Virginia, and Southern Maryland.
 

Sunday, February 10, 2013

Honesty, Integrity, Knowledge, Experience

 
Excellent property management encompasses more than merely managing and maintaining a property and collecting rents. Whether your property is in Southern Maryland, Northern Virginia, or Washington, D.C., Attentive Property Management handles real estate according to the state laws. Home owners in these three very different areas can feel confident ... we have built our exemplary reputation on honesty, integrity, knowledge, and experience. We are committed to delivering all the essential services to keep a property running smoothly, efficiently, and profitably.
 
APM consists of a dedicated  management team committed to maintaining strong relationships with home owners and providing excellent personal service to both home owners and tenants. Once seeing your property and speaking with you about your specific needs, APM will create a management proposal, conduct comps, screen tenants including credit ratings and background check screening, advertise in print media and/or internet, introduce you and your tenant to our convenient online management system, conduct timely rent collection procedures, process accounts payable, utilize attorney assisted eviction services, oversee the best maintenance and landscape crews, establish an interior and exterior inspection program, and conduct move-out inspections before security deposits are returned to tenants.
 
Contact us today to discuss your property
and how we may be of service!
 
Attentive Property Management
410.394.6339   or   202.236.3837
Email: Marketing@attentive-pm.com

Thursday, February 7, 2013

Plans Change!

 

When you bought your property you thought it would be your forever place. But the plan has changed and you are moving on. Whether you are making a local move or heading to a far off place, Attentive Property Management can help to protect and grow your investment.
 
Few home owners want to devote the time, patience, and almost constant attention to being landlords. All of the details of that role can be daunting to even the most well organized. The good news is that Attentive Property Management works with home owners to the acquire the most suitable tenants and manages all aspects of the property - financial, administration, repairs, risks, and more.
 
 
If you own a property in Southern Maryland, Northern Virginia, or in the Washington, DC metropolitan area and you would like to speak with us about our services and all we offer to our clientele, please contact us. We welcome your questions and the opportunity to discuss what would best suit your needs.

Attentive Property Management
410.394.6339   or   202.236.3837
 

Tuesday, February 5, 2013

When Opportunity Knocks ...

 


 

Congratulations - you have found your dream home with everything on your checklist! The price is right and the opportunity may never come again. You want that house - you REALLY want that house. But there's one thing holding you back ... the home you live in has been on the market for quite a while with no strong offers. You have toyed with the idea of keeping your current home as a rental property, but the negatives seem to outweigh the positives when you consider all that goes into being a landlord.


 
Attentive Property Management can help. We will take on the day to day, week to week, month to month, year to year responsibilities of your property. Your current home will become an investment property which will generate income for you. Leave the details to us and you will be enjoying life in your dream home. 




Attentive Property Management handles properties
in Southern Maryland, Northern Virginia,
and the Washington, D.C. metropolitan area. 
Please contact us today:
410.394.6339
202.236.3837
Email: Marketing@attentive-pm.com

 

Sunday, February 3, 2013

Part IV - Administration & Risk Management

 
Marketing and Financial
Tenant and Occupancy
Facility
Administration & Risk Management
 

Attentive Property Management realizes that Administration & Risk Management is a critical component of real estate property management. The record-keeping function must be carefully managed at the highest level of detail, ensuring the best possible results. This function involves all the others listed above:


  • the marketing & financial function requires records of expenditures and income, as well as tax records, advertising invoices and more

  • tenant management involves records of all their requests, rental payment history and rules violations

  • facility maintenance & repairs require maintenance schedules, repair records for warranty, and employee and subcontractor personnel records


  • Administration & Risk Management - the files and records part of the property management function. Federal, state and local governments all have some jurisdiction over real estate property management activities. Certain reporting requirements must be met for all of them. APM keeps meticulous records for accounting and taxes. For reasons of liability, all activities and tenant interaction must be recorded and maintained for specified periods.
     
    With regard to risk management, a large disaster can threaten the economic survival of the property.  APM keeps detailed records, thwarting any potential legal action.
     
     
    Risk vs. Reward is part of what APM determines with home owners. A good example is a hot tub or swimming pool on the property.  Balancing the value and risks of the pool or hot tub are these three main points: 

    1. Avoidance - The decision can be made to remove the hot tub or pool, as the additional rental income is not worth the cost of insurance or the risks involved.

    2. Control - If the hot tub is retained, perhaps a coded lock and fence would be installed to keep out younger children.

    3. Risk Transfer - The most prevalent way of dealing with risk is to purchase insurance to transfer the risk to the insurer.

    APM is prepared for potential problems by keeping excellent files and records of all activities and continually assessing these functions to determine if change is necessary.

     

    Friday, February 1, 2013

    Part III - Facility Management


    Marketing and Financial
    Tenant and Occupancy
    Facility
    Administration & Risk Management

    Facility Management is the overseeing a property's structures and outdoor areas. Landscaping, electrical, plumbing, roof, walls, appliances, and much more are all part of the physical property.  Attentive Property Management (APM) maintains strong relationships with contractors and repair companies, budgets capital expenditures, and monitors the quality of all repairs and maintenance. By handling all of these vitally important details for home owners, APM maintains the quality condition of the property, keeps tenants happy, and ensures future competitive rental prices.
     
    A rental property will enjoy long-term tenant retention and acceptable return on investment if it is maintained properly, which involves:
     
    ~ Preventive and ongoing maintenance
    ~ Repairs to correct problems or malfunctions
    ~ Construction and remodel

    Preventive and ongoing maintenance to rental properties requires a thorough knowledge of the property, its needs for upkeep, and staffing and budgeting required to accomplish the tasks. APM balances the costs of routine and preventive maintenance with the benefits and desired results. 

    Repairs and corrective actions are required when things break or cease to function as intended. Sometimes the repair is of an emergency nature; other times, can be scheduled.  Determining the need(s) and best course of action, APM serves the needs of the tenants while balancing costs. 

    Construction and remodel are a part of facility and building maintenance.  APM oversees the construction and remodeling on the home owner's behalf and for the tenant.


    Attentive Property Management
    Southern Maryland, Northern Virginia, and Washington, DC.

    410.394.6339 or 202.236.3837
    Email: Marketing@attentive-pm.com