Property Management Blog

Mortgages Explained

By Innovation Property Management Inc - Friday, September 16, 2022

What is a Mortgage? A mortgage is defined as the type of loan used to purchase or maintain a home, land or other essential real estate complexes.The borrower is simply taking a loan against a property they wish to purchase. He/she is agreeing to pay the entire loan back to t...

Why Hire a Property Management Company and What Should I look For?

By Innovation Property Management Inc - Friday, September 9, 2022

Rental properties are a worthwhile investment, but being a landlord requires much more than collecting rent checks. Do you have a plan in place if a pipe breaks? What happens when the AC goes out in the middle of the summer? Are you prepared to handle pest control and HOA packets...

Rental Scams and How to Avoid them!

By Innovation Property Management Inc - Wednesday, May 18, 2022

The rental industry is filled with people that prey on unsuspecting would-be tenants. If you are looking for a home or apartment to rent, protect yourself from rental scams by learning how to spot them early on.Signs You Are Dealing With a ScammerScam rentals affect millions of A...

What is a make-ready?

By Josh Matteson - Monday, May 16, 2022

A make-ready is a process of preparing a rental unit for a new tenant after a previous one moves out. Terms that might be similar to make-ready are “apartment turn” or “turnover.”Make-readies are universally known as the bottleneck when it comes to filling...

Tax On Rental Income: Will You Pay Taxes?

By Innovation Property Management Inc - Monday, May 9, 2022

Disclaimer: Let me preface that we at Innovation Property Management, Inc. are not accountants or tax advisors. Below is some information on taxes in the US but should be verified by your accountant that knows your personal situation. Investing in rental real estate is...

What Is Renters Insurance? Is It Important To Get One?

By Innovation Property Management Inc - Wednesday, May 4, 2022

It is essential for tenants to obtain renters insurance to protect their belongings. But more often than not, renters fail to do so because they feel it is a waste of money. This is a common and dangerous misconception.What Is Renters Insurance?Renters insurance is a type of prop...

The 5 Things To Clean To Get Your Security Deposit Back

By Innovation Property Management Inc - Tuesday, March 29, 2022

If you’re renting your home, condo, or apartment, you probably paid a security deposit when you signed the lease. The good news is this deposit is refundable when you move out… as long as you meet certain requirements.Landlords use security deposits to protect their ...

Top Tenant Complaints and How to Solve Them

By Innovation Property Management Inc - Tuesday, January 25, 2022

As a property owner, you’ve likely dealt with tenant complaints.Being a landlord isn’t all about collecting rent at the end of every month. Dealing with tenant issues is another big responsibility when managing your rental properties.Tenant complaints are unavoidable,...

Should I Allow My Tenants to Paint my Rental Property?

By Innovation Property Management Inc - Monday, January 10, 2022

As a landlord, you should consider painting your rental property in a neutral palette. That way, the walls match any furniture colors.However, some tenants, especially long-term ones, would prefer changing the color of the walls. They may want brighter colors or want to follow a ...

What Exactly is "Normal Wear and Tear"?

By Innovation Property Management Inc - Monday, January 10, 2022

In this article, we will help you to understand what normal wear and tear is versus what is damage. You should always confirm the condition of the unit before a tenant occupies it and after they have vacated. This will help you determine any wear and tear or damage to the un...

Property Management Blog

RESOURCES FOR OWNERS & INVESTORS

Mortgages Explained

Why Hire a Property Management Company and What Should I look For?

Rental Scams and How to Avoid them!

What is a make-ready?

Tax On Rental Income: Will You Pay Taxes?

What Is Renters Insurance? Is It Important To Get One?

The 5 Things To Clean To Get Your Security Deposit Back

Top Tenant Complaints and How to Solve Them

Should I Allow My Tenants to Paint my Rental Property?

What Exactly is "Normal Wear and Tear"?

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