What is the Typical Cost for the Management of a Property?
By Peta-Gay
December 1, 2014
Property management services can be broken down into two phases…leasing and monthly management. The typical leasing fee for the Washington, DC metropolitan area is generally the same amount as first month’s rent and includes advertising, showing the property, locating a qualified tenant, screening the tenant and the moving in of said tenant etc. Monthly management services general costs anywhere from Eight to Twelve percent (8-12%) in the Washington, DC metropolitan area. This fee usually covers  the administration of an appropriate lease that protects the rights of the landlord, hiring contractors to provide maintenance and improvements ...
FREE Classes for Buyers, Sellers and Landlords
By Peta-Gay
November 20, 2014
As many know Property Locators, LLC™ wants to work with informed consumers so in 2015 we are offering FREE seminars for buyers, sellers and landlords.   We will kick the year off with our first-time homebuyers class in January.  A loan officer, home inspector, title and of course real estate agent will be on hand to share step-by-step tips with attendees on how to purchase their first home.   February will be the month in which we assist sellers with the best ways to get their property ready for the Spring market.   Design, marketing and other industry ...
7 Crucial Questions to Ask When Hiring a Property Management Company
By Peta-Gay
November 8, 2014
Hiring and entrusting your property for management to someone else is no easy feat and should not become another headache or to-do item for a property owner.  To make the process easier I am suggesting you ask your potential property management company the following seven questions to see if the services they provide will be a good fit for your needs.   Question #1: How long has your company been in business?   Experience is a MUST for anyone you hire.  Experience can come both formally (registered business for many years) or informally (provided the service for friends/family) ...