7 Ways to Build Your Property Portfolio
While homeownership is still common, the fact is that more people are renting homes nowadays rather than purchasing them. There are numerous reasons for this shift—from the increases in the cost of living to current wages, as well as young people being apprehensive when it comes to purchasing a home in the current economy. While this may be bad news for housing developers, i...
Best Practices: Budget for Rental Home Maintenance & Repairs
There are many factors that need to be considered before deciding to rent your home. One of the considerations is the maintenance and repair of that home. A couple of things you need to know about rental property repairs: #1 Doing the Rental Property Maintenance and Repair Yourself Doesn’t Help Save Money As a landlord, you may try to handle repairs to...
Why Your Rental Property Needs a Property Manager
As an owner of rental property, there are many responsibilities you have. This can, at times, also lead to many hassles. If you are not really a hands-on landlord, too busy, or you are feeling stressed, it is a good idea to hire a property manager. A good property manager, like Bancroft & Associates can take care of important details revolving around your property. It’s ...
Its Cooler Season!
As the temperatures rise, make sure you keep some windows open….just a bit. You see, a cooler will try to blow your house up like a big balloon and the air has to go somewhere! The best test of balance is to open your front door a crack with the cooler on and see if it slams shut, if it does, you need to open another window somewhere in the house to allow the air out. If ...
Change Those Filters!
We want to keep you cool and comfortable this summer! Your lease or rental agreement with Bancroft & Associates requires you to change your air conditioner filters periodically, not just because we are neat freaks, but, because it helps your air conditioner perform better and more efficiently. How about that, cooler and cheaper at the same time. If you have a problem loca...
Get Your Rent in Early! Avoid Late Fees!
Remember that the 4th of July is on a Monday. Your rents are due by the first of the month and late if received after the 3rd, regardless of whether the Post Office is open and delivering mail or not! Our offices are open on Saturday and Sunday, the 2nd & 3rd. Avoid late fees, get your rents in early!
Know your responsibilities!
It is your responsibility to report problems in your rental unit. If something goes unreported and get worse you may be responsible for the repairs and damage. If you broke it, it is better to report it and get it repaired, even if you have to pay for it, than to let things go and get a bigger bill later. Items that are particularly common are: Roof leaks, running toil...
Lets Be Honest
It amazes me that in this world of instant access to information, that some applicants believe that a smart owner or manager won’t find out about their past. If you have had problems or credit issues, its better to discuss with and disclose them to your future landlord BEFORE you sign the lease. If they discover that you concealed material facts that could have affected t...
