Understanding The Recent Trend In Anti-Landlord Legislation Across The U.S. Mick Lefort Wed, 04/10/2024 - 07:41 MISPLACED BLAME OFTEN LEADS TO PREDICTABLY INEFFECTIVE SOLUTIONS Let’s start a conversation about a debatable issue with a hard fact: The average rent in the U.S. has increased 18% over the last five years. Americans who are unable or opt not to buy a home are being asked to pay more and more for a quality place to live and this is compounded by the fact that more and more Americans fall under this category than ever before. Read more about Understanding The Recent Trend In Anti-L ..read more

What Is The #1 Goal Of Effective Property Management? Mick Lefort Wed, 04/03/2024 - 09:53 WHAT EXACTLY SHOULD YOU BE GETTING FROM A PROPERTY MANAGER??? Both Mick Lefort (New Haven County, CT) and Angela Boggs (Phoenix East Valley, AZ) joined the Nexus Property Management® teams this summer as new franchisees. Read more about What Is The #1 Goal Of Effective Property Management ..read more

Balancing The Line Between Business And Personal Relationships As A Landlord Mick Lefort Wed, 03/27/2024 - 09:44 THERE’S ONE BEST WAY TO INSULATE YOURSELF FROM GETTING TOO CLOSE TO YOUR TENANTS It’s undoubtedly important that tenants feel valued and respected. Ultimately, the goal is for them to genuinely feel like the unit they’re renting is their home. In this way, they take pride in their space, keep you in the loop when there are maintenance needs, and go above and beyond to take care of the property. It’s a perfect example of the win-win relationship Nexus Property Management® is always t ..read more

Why It Makes More Sense Than Ever To Rent Out Your Single Family Home Rather Than Sell It Mick Lefort Wed, 03/20/2024 - 06:32 RENTAL MARKET CONDITIONS ARE ON YOUR SIDE WHILE THE SALES MARKET IS STUCK IN THE MUD It’s not even worth beginning with an introduction and overview of how the real estate market is a bit “off” right now. You already know that interest rates are higher than they’ve been in decades and housing prices have not come down in the least. Supply simply is not there and housing market trends are seemingly frozen. Read more about Why It Makes More Sense Than Ever To Rent Out ..read more

Does It Make Sense To Spend Thousands of Dollars On Your Apartment Turnover? Mick Lefort Wed, 03/13/2024 - 19:45 HOW BEST TO RESPOND WHEN YOU'RE TOLD YOUR PROPERTY IS NOWHERE NEAR RENT READY As a rental property owner you understand that your rental income, like all markets, is cyclical. There are times when the engine is humming and you’ve got money coming in without issue. There are times when maintenance issues increase where your profits naturally decrease. And there are those toughest of times when you face vacancies and the potential costs of eviction. Read more about Does It Make Sen ..read more

What’s The Right Rent Price For My Rental Property? Mick Lefort Tue, 03/05/2024 - 15:52 HOW BEST TO DETERMINE THE LIKELY MARKET VALUE OF YOUR RENTAL UNITS It’s simply beating a dead horse to talk anymore about how out of whack the real estate sales markets are and have been since the changes in supply, demand, and interest rates that followed the pandemic. When will sales prices come down? Who knows? How much will the interest rates come down this year? Not much. What else can we speculate about that won’t be all that helpful in the present? Plenty…but let’s not. Read more about What’s The ..read more

4 Easy Steps To Follow To Get Your Apartment Rent Ready Mick Lefort Wed, 02/28/2024 - 08:00 TRANSITION EFFICIENTLY TO MAXIMIZE YOUR PROPERTY’S VALUE A major key to successful real estate investment lies in adding value to your property during rent ready turnovers. After a tenant leaves it’s essential to get the unit ready for the next tenancy very quickly while also taking advantage of this opportunity for upgrades. During times of high rental prices, due to market factors not necessarily unit quality, we’re seeing more and more landlords skimping in this department. Read more about 4 Easy ..read more

At The End Of The Day, Tenants Are The Ones Left Holding The Bag Mick Lefort Wed, 02/21/2024 - 08:14 HOW LEGISLATION AIMED TOWARD HELPING TENANTS ACTUALLY HARMS THEM This just in!!! The rental property market is tight…real tight…tight to the point that potential renters are having a hard time finding a place to “overpay” for. Supply is low. Unemployment is low. Interest rates are high. Prices on goods and services are high. Sales and rental prices are high…Simply put, the market is not moving. Just like the pipes in some rental units, the rental landscape is frozen. Read more about At The E ..read more

The Quick And Easy Math of Real Estate Investment Mick Lefort Wed, 02/14/2024 - 21:14 SHINING A LIGHT ON THE POWER OF RENTAL PROPERTY INCOME If you’re interested in getting into real estate investment, congratulations! We can’t think of a better way to make your money work for you than investing in rental property. Read more about The Quick And Easy Math of Real Estate Investment ..read more

There Are 3 Different Types Of Property Management Companies To Choose From Mick Lefort Wed, 02/07/2024 - 06:16 WHICH TYPE OF PROPERTY MANAGER IS BEST FOR YOUR RENTAL PROPERTY AND PERSONAL NEEDS? Property Managers provide important services for rental property owners looking to maximize their returns while taking a more passive role. Hiring a professional to handle the responsibilities that come with home ownership is a smart move in most cases and in general there are three different categories of property manager out there to choose from. All three will collect your rent and manage your rent ..read more