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Chester County Property Management Blog

Blog Post High Rents in Chester County to Positive Cash Flow
By Times Real Estate Group - Tuesday, June 14, 2022

High Rents in Chester County to Positive Cash Flow

Typically, it takes some time to cash flow property. But the rental market is just as hot as the sales market. Rents are high and they're climbing even higher. On average, rental values are up 30 percent. You're going to have an increase in tenant demand, and a well-quali...
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Blog Post Getting permission to leave a tenancy
By Times Real Estate Group - Friday, June 10, 2022

Getting permission to leave a tenancy

Tenants should try to negotiate with their property manager if they are unable to continue the tenancy.  The landlord will often try to come to a mutually acceptable way of ending the tenancy. The landlord may agree to release the tenant from the contract if a replacement te...
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Blog Post Why is a Property Management Agreement Important?
By Times Real Estate Group - Wednesday, June 8, 2022

Why is a Property Management Agreement Important?

You may be wondering, why do I need a property management agreement? As with any contract, a Property Management Agreement protects both parties by defining roles and responsibilities. Whether you have one rental or several hundred, the time needed to market, lease, attend t...
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Blog Post Why do I need a move-in checklist?
By Times Real Estate Group - Thursday, June 2, 2022

Why do I need a move-in checklist?

Before tenants start unpacking their boxes and settling into their new rental property, there's one very important document that needs to be completed: the move-in checklist. A move-in checklist, also called an apartment inspection checklist or a rental walkthrough checklist,...
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Blog Post How Much Should I Charge for Rent?
By Times Real Estate Group - Tuesday, May 31, 2022

How Much Should I Charge for Rent?

How is the potential rent determined? You are going to need to make an informed guess. Don't get carried away with overly optimistic assumptions. Setting the rent too high and ending up with an empty unit for months quickly chips away at the overall profit. Start with the ave...
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Blog Post 2 Key Things to Look for in a Property Management Company
By Times Real Estate Group - Friday, May 27, 2022

2 Key Things to Look for in a Property Management Company

If you decide to hire a property management company, what should you look for? There are many factors to consider, but here are 2 of them:There are many types of property management companies. Some specialize in:Commercial management; for office buildings, industrial properties, ...
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Blog Post Should I Renew My Tenant's Lease?
By Times Real Estate Group - Wednesday, May 25, 2022

Should I Renew My Tenant's Lease?

When you renew your lease, you’re able to keep good tenants that pay rent on time, take care of your property, and are easy to work with when handling maintenance. Lease renewals also help you avoid long periods of vacancy, which can make the process to find a tenant stress...
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Blog Post Should I Allow Pets in My Rental Property?
By Times Real Estate Group - Tuesday, May 24, 2022

Should I Allow Pets in My Rental Property?

Since we constantly hear about all of the problems animals cause for landlords, you may not be as familiar with the benefits of allowing your tenants to have pets.Larger Prospective Tenant Pool: Firepaw.org states that almost 50% of renters own a pet. Therefore, if you make your ...
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Blog Post Best Ways to Get Rental Security Deposits Back
By Times Real Estate Group - Monday, May 23, 2022

Best Ways to Get Rental Security Deposits Back

Most tenants strive to get their rental security deposits back after their lease term. After all, it’s money that you paid originally and have the chance to get back. That said, there are many things you can do to ensure you get all or most of your deposit back. Here are a ...
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Blog Post How to distinguish
By Times Real Estate Group - Friday, May 20, 2022

How to distinguish "Normal Wear and Tear" versus "Damage"

TYPICAL EXAMPLES INCLUDE THE FOLLOWINGUnavoidable deterioration in the dwelling and its fixtures resulting from normal useThe lessening in value of an asset due to ordinary and normal useThe inevitable physical decline of the condition of a property from time and usageThe natural...
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