Good, Fast, or Cheap – Pick Any Two

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There’s an old saying, “Good, Fast, or Cheap – Pick Any Two”. The concept is simple. Choose two of the three options: good, fast or cheap. You can’t have all three. If you want something fast and cheap, it’s not going to be good. If you want something good and cheap, it’s not going to be fast. If you want something good and fast, it’s not going to be cheap.  There are certainly exceptions to this rule, but for the most part we’ve found this to be fairly accurate.

It really doesn’t matter what line of business you’re in, customers all want their product done good, fast and cheap; however, it is impossible to create work in this manner. It just does not work that way.

Property management companies are not all created equal: They don’t cost the same, they don’t deliver the same quality of service, and they don’t provide their services at the same speed. So why do landlords choose to evaluate property management firms solely on how much they cost? When the success of your investment property, worth hundreds of thousands of dollars, is at stake, why choose a “cheap” property management option?

Too often, the “cheap” property management option comes with many gaps, when compared to a more reputable and marginally higher-priced firm — gaps related to cost, quality and promptness. You wouldn’t expect steak and lobster at a fast food restaurant, just as you shouldn’t expect first-class management from a “cheap” property manager.Print

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Mold Remediation For Landlords

Liability is always a concern for landlords. Thus, it’s easy to understand why the mention of “mold” and “millions” together would give a property owner nightmares. Not only is indoor exposure to mold known to cause respiratory problems and other health issues in some individuals, but mold is everywhere — and because moisture is critical to its ability to grow to elevated levels, something as simple as a leaky pipe could prove costly.

A web search for “mold lawsuits” reveals horror stories, one about a couple ordered to pay nearly $3 million in damages for selling a California home rife with mold. The same search shows that numerous law firms stand ready to sue property owners on behalf of tenants who believe mold made them sick.

While causation is difficult to prove, you as a landlord have enough to do without being tied up in court. And whether there is litigation or not, a prevalence of mold could lead to tenant loss.

For a landlord, mold remediation can save a host of problems. (Document efforts in case of legal proceedings.)

Mold issues in buildings are a result of water/moisture problems. Mold also needs an organic food source — and many building materials serve that purpose — and high relative humidity. The water source is the easiest factor to control.

As a landlord, the mold problem is not yours alone. Mold can grow in 24 to 48 hours after a water intrusion, so the tenant bears some responsibility for notifying the landlord the mold situation or water leak exists, and for reporting water stains that indicate a leak. Tenants also should use exhaust fans and control humidity. Mold can be hidden in many places, and a landlord generally cannot be held liable unless he or she knew — or should have known — the problem existed.

If the area where mold is growing is small, researching how to clean mold as the landlord and doing the work yourself can save the cost of hiring a mold remediation specialist.

As a landlord, the mold issue is one you must take seriously. Acting quickly and thoroughly can reduce liability risks. The accompanying infographic describes some typical mold situations, steps for mold remediation, and tips to prevent mold.

Source: AAOA

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Elf on the Shelf at Bev Roberts Rentals

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Bev Roberts Rentals is happy to announce the arrival of two new leasing agents direct from the North Pole! John is placing a sign in the yard to market the rental property and Rookie is on her iPhone scheduling showing appointments with CSS. With their magical touch, they should get this home rented in no time!

#ElfOnTheShelf #BevRobertsRentals#PropertyManagement #Leasing #CaryNC#ApexNC #RaleighNC #WakeCounty

Has your home been on the sales market longer than expected?

1Has your home been on the sales market longer than expected? We can find you a quality renter that will provide income. If you can’t decide whether to rent or sell, we can simultaneously market your home for rent while it’s on the sales market. You make the choice to take which ever comes first — a renter or a buyer!
#WakeCounty #TriangleArea #CaryNC

Election Day is here! Go Vote!

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#ElectionDay is here! #BevRobertsRentals urges all citizens to get out there and #vote! Voting is a privilege, a right, and a duty. This #election, like many others, is important. From the top of the ticket, all the way down. Whether we know it or not, they all affect our daily lives. So it’s important that we be informed and take the time to exercise our right to vote.

General rules to follow for an efficient and fire hazard free dryer:

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General rules to follow for an efficient and fire hazard free dryer:

1. Clean the lint trap screen after each dryer cycle.

2. Wash the lint trap screen after 20-30 loads. Let it air dry before replacing.

3. Use a vacuum hose to suck out any remaining lint inside the dryer where the lint trap is stored.

Happy Ask a Stupid Question Day

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Happy National Ask A Stupid Question Day! Now’s your chance to ask us questions you’ve always wanted to about #Leasing and #PropertyManagement, but didn’t because you felt they might be “stupid”.