The Haven Homes Blog

How to Choose a Professional Property Manager

Posted by Eric Gutshall on Jan 26, 2018 2:00:00 PM

professional-property-manager.jpgWhile many single family rental owners start with DIY property management, eventually they realize that hiring a professional property manager will not only free up their time and attention, but can also maximize the return on their investment through their expertise.

Selecting a professional property manager can be a confusing and frustrating experience. Everyone you talk to will have their own slant, you’ll be exposed to a lot of information and doing an accurate comparison is difficult because providers all have their own way of doing things and presenting their approach.

Remember when you’re selecting a manager, you’re looking for an organization that will not only manage your property and address any tenant issues, but also they’ll be instrumental in maximizing the total return you gain from your investment property. When interviewing managers, be sure you’re focused on who will best support your overall goals for owning investment properties.

Here are five points to focus on when finding the right manager for your properties:

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Topics: Property Management

3 Things Institutional Managers do Differently that Create Superior Investment Returns

Posted by Eric Gutshall on Jan 19, 2018 2:00:00 PM

One of the most important decisions an owner of a single family rental home makes is how they are going to have their property(ies) managed. Traditionally there have only been two options available to owners:

  • Manage it themselves
  • Hire a third-party fee manager

Today, with Haven Homes' Institutional Property Management Program, a third option is available: the ability to have your investment property managed in the same way institutional investors have.

Institutional managers have better people, processes, buying power (and increasingly, technology), that allow them to efficiently market and manage a portfolio of properties. What are they doing that makes them successful?

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Topics: Real Estate Investments, Profit

Stop Thinking Rent and Start Thinking Profit & Return

Posted by Eric Gutshall on Nov 28, 2017 4:00:00 PM

Many owners of single-family rental properties make the mistake of focusing on rent as the barometer of performance and success. They wonder, what is the most I can charge per month, yet still remain competitive? Or, how can I increase my rent and put more money in my pocket without losing my tenant?

Getting the highest rent for your income property is not the best way to build a profitable rental property portfolio. Instead, concentrating on profit and return is a sounder way to shape your rental portfolio’s profit.

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Topics: Profit

5 Steps to Managing an Eviction

Posted by Eric Gutshall on Nov 17, 2017 4:00:00 PM

Even the best owners of single-family rental properties, who have done their due diligence with tenant screening, may find themselves in a situation where they need to evict a tenant. If you do find yourself in that position, remember that owning rental properties is not a hobby, it’s a business. And in your role as a property owner, eviction is the unpleasant part of doing your job. No matter how great your property owner-tenant relationship may be, you simply can’t let them stay free of charge unless you want to lose money.

Sometimes, it’s as easy as asking the tenant to leave. Other times, not so much. In cases where the tenant won’t leave, you’ll need to start a formal eviction process. In that case, you’ll need to familiarize yourself with the following 5 steps:

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Topics: Real Estate Investments, Evictions

5 Tips to Get More Return from Your Rental Real Estate Investments

Posted by Eric Gutshall on Nov 2, 2017 1:00:00 PM

Investment real estate is a great investment. It’s one of the best available to small, medium and institutional investors alike. It provides solid income opportunity, capital appreciation and potentially strong tax benefits. Merely purchasing a property and displaying a “For Rent” sign won’t get you what you want. To succeed, you must take a professional approach to managing your investment.

No matter if you have years of experience as a landlord or have just purchased your first real estate investment, the goal should be the same. You must minimize losses and maximize the return on investment (ROI) for the property. When you focus on the amount of income the property generates rather than solely on the monthly rent, you will increase total profit.

These five tips explain how:

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Topics: Real Estate Investments

7 Tips to Manage Your Investment Rental Properties Like an Institution

Posted by Eric Gutshall on Oct 20, 2017 3:00:00 PM

Enthusiasm and passion for real estate is not always enough to profit when it comes to investment real estate and rental properties. The traditional approach to managing single-family rental properties is inefficient, inadequate and reactive, causing investors to lose significant income opportunities.

To maximize the income and total return opportunities from real estate investments, while also minimizing the potential disruption associated with it, requires that you take an institutional approach to managing your rental properties. What do institutions do differently?

Here are seven tips to get you started:

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Topics: Property Management

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