Hignell Property Management Team


Recent Posts

What Tax Deductions Can I Take as an Owner of a Rental Property?

Mar 15, 2021 4:22:22 PM / by Hignell Property Management Team

The art of being a property owner is knowing how to use the benefits to one’s advantage. Most property owners are in the rental property business for income and planning for their future. For all practical purposes, they run a business that they hope will return a reasonably substantial gain for them in the future. So, it stands to reason that they will want to make decisions that will save them money and make them money.  One of the best ways to save money and make money is by knowing how to handle rental income on tax returns.

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7 Marketing Strategies to Help Fill Your Investment Property Vacancies

Mar 8, 2021 3:19:54 PM / by Hignell Property Management Team

Property owners and renters are always on the lookout to make connections. The property owner is looking for a potential family to come and live in the home. If you are a property owner and wondering what the secret is to attracting quality people to your properties, then there are some marketing strategies that you can do to bolster the attraction to your investment property.

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Quick Guide: What to Include in a Rental Property Move-In Checklist

Feb 26, 2021 9:00:00 AM / by Hignell Property Management Team

There's a lot that goes into getting your rental property ready for a new resident. You'll need to find the right person, create a rental lease and get them to sign it. You'll also need to have new keys made for the new locks you put on your property. But there is one thing that is often overlooked by both parties and that is the pre-move in checklist.

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9 Steps to Take During the Rental Property Turnover Process

Feb 22, 2021 4:04:17 PM / by Hignell Property Management Team

It's the objective of every property owner to have a resident that would rent for life. And during that time the resident would care for the property like it's their own. They would pay the rent on time and be completely flexible when it comes time for repairs. But the fact remains that the perfect renter doesn't exist. Sure, there are many renters that would make exceptional lifetime residents, but people move for many various reasons.

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How to Build Long-Term Relationships With Your Renters

Feb 17, 2021 3:50:11 PM / by Hignell Property Management Team

There are a lot of things that you have to think through when you are a rental property owner. Many property owners think that the technical side is all they have to work through. But there are so many more details such as communication, building a good relationship with renters, and working things out as issues come up. If you're looking for ways to build a better relationship with your renters, here are some ways you can make it happen.

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Pros & Cons of Allowing Pets in Your Rental Properties

Jan 27, 2021 10:14:48 AM / by Hignell Property Management Team

The decision on whether you'll allow pets in one or more of your investment properties isn't a personal decision. It's a business decision, and it's a decision that must be made by you as the property owner before a unit is leased.

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What's the Difference Between a Property Owner & Management Company?

Dec 22, 2020 11:09:52 AM / by Hignell Property Management Team

Being a property owner might sound easy to some people, but owning an investment property can sometimes be one headache after another, especially if you own multiple rental units. Just a few of the issues that owners have to deal with are:

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The Property Owners Guide to Security Deposits

Nov 4, 2020 11:47:00 AM / by Hignell Property Management Team

Most people know that a security deposit is required to rent a house or apartment. However, many don’t understand exactly what this payment is intended for and the rules regarding its use and storage. Here is everything property owners need to know about security deposits.

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Best Practices for Reopening Commercial Spaces

Oct 7, 2020 9:52:28 AM / by Hignell Property Management Team

As the coronavirus outbreak spread throughout the globe, public safety measures forced the slowing/closing of economic activity across the board. For the most part, business ground to a halt to stop the spread of COVID-19, with commercial and retail spaces practically abandoned overnight.

Months later, as state and local governments begin to deploy phased-reopening plans, business owners are now tasked with formulating their plans to ensure employees can return to work safely.

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5 Simple Ways to Increase Your Rental Property's Value

Sep 9, 2020 10:29:00 AM / by Hignell Property Management Team

It's not always possible to foresee what will happen in the future of real estate,  so the best thing a property owner can do right now is keep their property looking fresh and well-maintained. When care has been put into a home, it shows; this is what will attract prospective residents to a rental. If you are looking to up your game in the market, a little work will go a long way. There are many things that can be done to improve a home without breaking the bank. Not only will the rental look more attractive to those on the hunt, but it will also maximize the return on investment by increasing the property’s value.

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Can a Property Owner Evict Residents During the Covid-19 Pandemic?

Aug 31, 2020 1:53:00 PM / by Hignell Property Management Team

The economic impacts of COVID-19 are unprecedented. Property owners, investors and residents alike are facing challenges that no one could have seen coming. Due to the state’s closure and reopening plan, many residents still are unable to work, especially in industries such as restaurants or hospitality. Without receiving a monthly paycheck, and even if any kind of second stimulus package is released, many residents are only able to pay partial rent or are unable to pay their rent at all.

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How to Market Your Rental Property to Attract the Right Renters

Aug 12, 2020 4:24:00 PM / by Hignell Property Management Team

It stands to reason that you will want to market to reliable residents that are hopefully willing to live long term at the property.  A “for rent” sign is the simplest form of marketing that you can do for your rental property, but it's not always the most effective strategy. If you're looking for ways to market your rental property to a targeted group of people, then there are some strategies that you'll want to do.

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What Every First-Time Investment Property Owner Should Know

Jul 8, 2020 12:00:00 AM / by Hignell Property Management Team

Are you thinking of taking the plunge and dipping a toe into the real estate rental industry? Owning an investment property can be a very lucrative income stream whether it's your main source of revenue or a side project. But before you jump in feet first, consider how you plan to handle each aspect of the venture as a property owner.

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What Should Be Included in a Rental Agreement/Lease?

Jun 17, 2020 12:00:00 AM / by Hignell Property Management Team

Whether you are just dipping a toe into the world of rental property ownership or are a seasoned property owner, the one thing that can protect your interests is a solid lease/rental agreement. When drawn-up correctly, both you and your residents should be protected.

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Is Now a Good Time to Invest in Rental Property?

Jun 3, 2020 12:00:00 AM / by Hignell Property Management Team

With so much uncertainty in the world, you may be looking for a way to secure your savings for the future. Real estate is a tried and true method for building and protecting wealth. But with the economy in such a precarious position, you may be wondering if a rental property is a good investment at the moment.

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Qualities of an Ideal Renter

May 20, 2020 11:49:00 AM / by Hignell Property Management Team

Property managers understand that filling a rental vacancy with an ideal renter is often an arrangement worth its weight gold, one in which may even increase the potential value of a property. While every property manager or owner will likely have an ultimate objective of finding the ideal renter, the finite details of what defines an ideal renter may vary among professionals. However, there are a few commonalities most preferred renter’s possess. 

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Why It’s Important to Encourage Residents to Have Renter’s Insurance

May 6, 2020 9:00:00 AM / by Hignell Property Management Team

Renter’s insurance is an often-overlooked expense that can be vital to residents. Many renters, especially younger residents, may be unaware of what renter’s insurance is and how it can help them in an emergency. As a property owner, you should encourage your residents to have renter’s insurance by educating them on the subject so they know what it’s for and how it can help them. Here's a look at the benefits of renter’s insurance for both property owners and residents. 

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7 Questions to Ask During the Renter Screening Process

Apr 22, 2020 11:05:00 AM / by Hignell Property Management Team

When a vacancy arises in a rental property, professional property managers (or property owners who have chosen to go it alone) are tasked with the responsibility of replacing the lost resident –quickly, if they are to minimize the disruption to the investment property’s monthly cash flow.

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How to Discourage Transients & Loitering Near Your Investment Property

Apr 8, 2020 10:33:00 AM / by Hignell Property Management Team

Loitering is defined when an individual stands/sits/wanders idly around a property without any real purpose. From a technical, legal perspective, loitering laws vary by state (or most often by locality). Some jurisdictions authorize the police to disperse crowds that are deemed suspicious or dangerous.

Loitering is generally viewed as a subjective act because, in and of itself,  most loitering ordinances do not typically consider the act of loitering to rise to the level of a crime. This depends on the jurisdiction’s legislation. However, loitering is often associated with a variety of illegal actions.

Loitering is generally something that is viewed as unfavorable and may even potentially scare off new residents before these potential renters even have a chance to see the investment property's interior.

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Can a Renter Run a Business Out of My Investment Property?

Mar 25, 2020 12:00:00 AM / by Hignell Property Management Team

Property owners have a lot to deal with when it comes to residents renting their property. The desire of every property owner is to have that one family that causes no trouble and actually takes care of the property. But what happens when the resident decides that they are going to run a business out of the home? The property owner may feel that there's nothing that they can do, but the truth is that there are things that can be done to keep it from taking place.

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What Insurance Do I Need as a Rental Property Owner?

Mar 11, 2020 12:00:00 AM / by Hignell Property Management Team

Property insurance is designed to protect owners and their investment against anticipated business risks, which ultimately create financial losses. Rental property owners know that among the essential business safeguards available to their rental property business is purchasing the right insurance. If you plan to rent out a property to a resident for at least six-months, landlord insurance is highly recommended as it helps you rent the property with greater certainty and confidence.

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Best Practices for Screening Potential Residents

Feb 19, 2020 5:10:00 PM / by Hignell Property Management Team

Potential resident screening is an important part of finding the best residents for your properties. The screening process is essential to help you remove those individuals that could potentially cause you financial losses or property damage in the future. In order to help you with the screening process, here are several best practice methods that you'll want to adopt before having your first interview.

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How to Graciously Raise Your Residents' Rent

Feb 5, 2020 4:46:00 PM / by Hignell Property Management Team

Raising the rent is an often uncomfortable, yet important part of being a property owner. Most property values appreciate over time and you may be losing money if you don’t periodically adjust rent. But, increasing the rent doesn’t mean you have to gouge your renter. There is always a way to do it smoothly while still getting fair market value for your rental. Here are a few tips to help you raise your resident's rent graciously and avoid potential conflict.

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Benefits of Accepting Online Rent Payments

Jan 15, 2020 9:00:00 AM / by Hignell Property Management Team

As a property owner, you have enough on your plate without having to deal with collecting checks or cash from your resident on a monthly basis, logging rental payments in a ledger and depositing these funds into the bank. Accepting online rent payments is a viable option to streamlining this process. Collecting rent payments online saves you time, money and frustration in keeping tabs on incoming revenue from property rentals. Less stress and frustration can lead to a more positive relationship with your residents. Here are just a few of the many benefits you stand to gain from accepting online rent payments.

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Your Rental Property New Year Checklist

Jan 1, 2020 12:00:00 AM / by Hignell Property Management Team

The new year is upon us, and as such people are setting goals, getting gym memberships, and starting new diets.  Ah yes, the new year.  So much anticipation, so much hope, so much planning. In this blog I wanted to lay out a short checklist for you to go through in order to make sure you are doing well with your Chico or Redding rental property.  

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