Property Management Blog
Source of Income as a Protected Class & What It Means for Columbus Property Managers
Mitch Deminski - Friday, April 8, 2022
The City of Columbus has been talking about source of income and how it may be considered a protected class when renting out a property. This is widely applied to Section 8 tenants and people who have housing vouchers when they cannot afford rent on their own. However, it’s not only Section 8. When you think about someone who earns ...
What Do Columbus Property Managers Need to Know About Fair Housing
Mitch Deminski - Friday, March 25, 2022
Fair housing laws are not only strict; they’re also always changing. Most of the landlords and rental property owners we work with would never intentionally discriminate against a tenant or a prospective tenant. However, it’s easy to make an unintentional mistake that can get you into expensive legal trouble. Fair housing...
Is Remote Real Estate Investing a Good Idea? | Columbus Investment Guide
Mitch Deminski - Friday, March 11, 2022
Location is one of the most important considerations when investing in real estate. These days, remote property investment has started getting a lot of traction, with more and more people investing in far-off properties, based on their requirements and choices.Is investing in remote real estate really a good idea though? Many say tha...
Multifamily On-Site Managers: Handbook for Columbus Property Investors
Mitch Deminski - Friday, February 25, 2022
Hiring a manager for your Columbus rental property is always a good decision. The question is, should you hire an on-site agent or is an off-site manager good enough?According to a standard rule of thumb, if you own up to a dozen single-family units, you may not need to hire an on-site person. However, if you own a large asset with 70 to ...
The Number 1 Reason Columbus Rental Owners Fire Property Managers
Mitch Deminski - Friday, February 11, 2022
Rental owners hire property managers since they make the investor’s life easy by managing the rental unit on their behalf. However, in some situations, owners lose the willingness to continue working with their Columbus property management company and end up firing them. Based on extensive feedback from investment rental owners and ...
Is a Home Warranty for Your Columbus Rental Home Worth It?
Mitch Deminski - Friday, January 28, 2022
Home warranties are popularly sold as a necessity in the modern rental market. In reality, however, while the home sellers press to include home warranties, professional Columbus property managers have serious concerns about them. If you are a prospective property investor in Columbus, you need to understand the issues that come along wit...
What If the Security Deposit Doesn’t Cover the Columbus Property Damage Costs?
Mitch Deminski - Friday, January 14, 2022
A bad tenant is a nightmare for any owner, and it is a relief to see their lease term end. In a city like Columbus where a huge population lives in rental homes, your likelihood of ending up with a bad tenant increases significantly.We are referring to a circumstance where the tenant has damaged your Columbus rental property and the damag...
What Can Landlords Deduct from a Security Deposit | Columbus Property Management
Mitch Deminski - Friday, December 31, 2021
The rental market in Columbus has seen a significant increase in recent years. According to Towncharts.com and the 2020 American Community Survey census data, 55.3% of all Columbus housing units are rental homes, totaling just over 217,000 rental units. Investing in a Columbus rental property can therefore be a good deal. If you are ...
Expenses New Rental Property Investors Should Budget for in Columbus
Mitch Deminski - Friday, December 17, 2021
Buying an investment property to rent in Columbus is an excellent idea. Data suggests that almost half the population in the city lives in rented homes. This number is expected to increase in the following years. It is therefore unlikely that you will find a house in mint condition. So, before purchasing residential investment properties,...
What to Include in a Lease Agreement for Your Columbus Rental Home?
Mitch Deminski - Friday, December 3, 2021
If you have listed your Columbus property in the rental market and have found a suitable tenant, your next step would be drafting a lease agreement. This is the most critical document when it comes to rented homes and should be created with utmost diligence.A lease agreement states all the rules, terms & conditions, and the consequenc...
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