Property Management Blog

What are the duties of a residential property manager?

By Aaron Scicchitano Saturday, July 24, 2021

At Centennial Property Management there are a few specific duties that are required of property managers. First off, the person must be charismatic and respectful. They are also extremely responsive and expected to act on behalf of the property manager. Responsibilities of a...

What is a property management contract?

By Aaron Scicchitano Sunday, July 11, 2021

When it comes to your Aurora Property Management contract, you should be aware of all aspects that are involved. For example, a property management firm will act on your behalf for a fee, to take on the responsibilities of renting, repairing, and other daily actions for running y...

What is a rental income statement?

By Aaron Scicchitano Monday, June 14, 2021

Rental income is any revenue generated from your leased properties, including commercial or other investment properties. Therefore, a rental income statement helps you track your rental income and finances. This can help you manage your investments by staying on track w...

What Is an Investment Property?

By Aaron Scicchitano Monday, June 14, 2021

An investment property takes many different forms. However, it is commonly recognized as a property that is rented for more than 180 days out of the year. This could be a property that you purchase for the sole intention of renting. It could also be a property that you currently ...

Do Property Management Companies Pay for Repairs?

By Aaron Scicchitano Monday, June 14, 2021

Leaky faucets. Broken windows. Busted refrigerators. Landlords are no strangers to spending money on repairs, whether those issues are costly or inexpensive. But when a property management company is handling your rental spaces, who pays for the repairs? And who exactly carries o...

Is it better to rent or sell your home?

By Aaron Scicchitano Wednesday, June 9, 2021

[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"][et_pb_text admin_label="Text"] There are many factors to consider when deciding whether to sell your home or rent it out. Although rental properties are a great financial inves...

What Does a Property Management Company Do for You?

By Aaron Scicchitano Wednesday, June 9, 2021

There are many different services that property management companies offer. Services vary depending on the type of property you own, how many renters you have, and more. To better understand what a property management company does, review these common services. About Prope...

What Is a Lease Up Fee?

By Aaron Scicchitano Wednesday, June 9, 2021

[et_pb_section admin_label="section"] [et_pb_row admin_label="row"] [et_pb_column type="4_4"][et_pb_text admin_label="Text"]Tenant placement services are a common feature of property management companies. These services make finding tenants and keeping leases fulfilled muc...

Is a Property Manager the Same as a Landlord?

By Aaron Scicchitano Tuesday, June 8, 2021

Although many people don’t realize it, the titles “landlord” and “property manager” don’t signify the same role. There is some overlap between the roles, however. For example, both landlords and property managers often share the goal of renting out spaces. And the...

What Does Property Management Mean?

By Aaron Scicchitano Wednesday, June 2, 2021

If you're a renter or a property owner, you've probably heard of something called "property management." Knowing what that term encompasses could lead to some major changes to how you rent or handle your units. Property management is when a landlord hires another company...