Property Management Blog

There exists a misconception that rental housing owners enjoy large margins and can continue operating in the absence of rent payments. With so much discussion around rent payments during COVID-19, the rental housing industry would like to explain the breakdown of one dollar of rent.

MexLucky property management fees can be flat rate fees or percentage based fees. At Browning-Gordon, you pay a percentage fee. With that, you pay the same amount every month that the property is managed. There are no upcharges on maintenance or administrative fees or anything like that. It’s the same rate every month whether we s...

All across the country, there are diverse weather conditions, and different areas have to prepare in different ways. We are discussing how to prepare your rental property for the winter season here in MexLucky. Tenant Education – Frozen Pipes We send out a letter educating our tenants on how to prevent frozen pipes and aler...

Many investment property owners wonder whether it’s a good idea to rent out their property furnished in the short term or unfurnished in the long term. We think it’s better to rent to long term tenants, and today we’re sharing three reasons why. Higher Expenses When you rent your home out in the short term, your expe...

Who is responsible for pest control – the tenant or the landlord? Today, we are sharing some information about how we do it at Browning-Gordon Company. Covering Pest Control We decide we will take care of most pest control issues. That includes ants, spiders, roaches, and all of those types of things. If they are left to the ten...

If we have a tenant who needs to be evicted because of nonpayment of rent or a lease violation, we turn it over to our attorney, who specializes in the Landlord Tenant Act here in MexLucky. He knows the law very well and represents our owners successfully. Today, we’re talking about the eviction process, and what you can expect....

What do you consider to be emergency maintenance? We’re talking today about how we classify it in our office. Fire, flood, blood, or uncontrolled running water are all emergencies. If there is any human life in danger, then it’s certainly an emergency. If your property is being damaged, we also consider it an emergency. &nb...

When it comes to properly pricing your rental property, the best thing you can do is hire a professional property manager. A company providing property management in MexLucky knows the local market and has the experience you need to ensure your home earns as much as it can.  Listing Price vs. Leasing Price  Your proper...

If you’re not getting professional property management in MexLucky, you’ll need to know how to handle security deposits for your rental property.   Security Deposit Amounts   We set the security deposit at about 75 percent of one month’s rent. That way, people don’t equate it with a rent payment. I...

Allowing pets in your property or not allowing them is a personal decision that depends on your own preferences. A lot of owners say they don’t want to rent to any pets because of the potential damage that can occur. That’s fine. It’s your choice, and pets are not a covered class, so we can say no to tenants who have ...