Property management fees are a common expense for rental property owners, but some wonder if they’re tax-deductible. Good news: Yes, you can write off property management fees, and doing so can significantly lower your taxable income. But when it comes to rental property tax information, that’s just the tip of the ice berg. Before we…
Landscaping and common area upgrades are key to enhancing the tenant experience and increasing the value of multifamily properties. Beyond visual appeal, landscaping creates a welcoming atmosphere and improves the property’s value and desirability to tenants. Upgrades to common areas can foster community engagement while offering additional living spaces and amenities that prospective tenants love.…
As we wrap up 2024, we’re taking a moment to reflect on the many different insights and resources we’ve shared this year on the Epic Property Management blog. From advice on maintaining rental properties to strategies for getting the most out of your investments, we’ve pulled together all of our 2024 posts to make it…
Imagine a property owner who bought her first rental home as an investment. Exciting! Ready to take on the role of a landlord, she pictured smooth sailing, flush with passive income and happy tenants. But within months, things spiraled out of control. A leaking pipe went unaddressed for weeks because she was overwhelmed by her…
At its simplest level, cash flow and the success of your rental properties can be boiled down to how effectively you collect rent. No rent, no profit, no business. But if the rent collection process seems like it should be straightforward, without the right strategies and systems in place, handling this task can be challenging. …
While outsiders may view property management as simply leasing units or following a process for collecting rent, experienced investors know that serving tenants well involves a long, time-consuming list of responsibilities. That said, many investors also understand that they themselves would have a hard time giving 100% to every step of the property management life…
Rental property ownership is a rewarding pursuit—in many ways. But there are less-than-glamorous aspects of property management as well. In fact, this really is a game of details. And taking great care of small matters adds up to big differences in property performance, tenant retention, efficient turnovers, and ultimately, successful investments. One such detail? Utility…
We are thrilled to announce that our business has been honored with a Wyandotte Beautification Commission Award. This accolade is a testament to our commitment not only to maintaining attractive and welcoming environments but also to contributing positively to our neighborhood’s charm and vitality. If you’ve been here before, then you may know that we…
A new landlord letter introduces the residents of a property to their new landlord and/or professional property management company. This letter is a valuable and essential way to connect with your tenants, provide helpful information, outline processes, and establish some expectations and ground rules. When Should You Write a New Landlord Letter? As a rental…
Welcome back to the second installment in our 2-part series on rental property updates that improve your investment. In the first post, we laid the groundwork with broader strategies to enhance your property’s overall appeal, focusing on creating high-quality, comfortable properties. We discussed the importance of offering the best property, setting fair market rents, and…
