Archive for August, 2017

Residential Property Management Services Explained

Consumers require residential property management services for a variety of reasons. Some buy rental properties and need management of the property. Other consumers will be absent from their homes for an extended period. Even if you leave for a three-week vacation, someone should be looking after your home for you. We will review these issues and others in the following post.

Residential Property Insurance Requirements

Many homeowners just close their doors and leave for their vacation. They are very excited about getting away. Many do not give a seconds thought about looking after their home. Many insurance companies have specific requirements about vacant homes. The requirements depends on the company, the time of year, where you live and your heating system. They may want checks on your home every day. Call your residential insurance company to confirm your requirements to maintain insurance on your home. Even condominium owners need to do this.

Temporary Absence Management

Many residential property management services companies will offer services to home owners in this situation. They can check your home for water leaks, power outages, heating system failures and break-ins. Have them check your home and report back to you after every visit. You will need a report especially if you need to make a claim to your insurance company. They want to know that someone is checking your home.

Extended Absence

If you are going to be away for a long period of time, it is important to arrange for residential property management services. They will check for water leaks, heating system malfunction, complete landscape management, snow removal and even water the plants. Consumers can arrange for all of the services they need. They can leave with confidence that their home is looked after.

Rental Residential Property Management Services

Many consumers purchase rental properties as investments. Some consumers will manage their own properties. Others do not want to deal with tenants or some of the problems that arise. This is where residential property management services can put your mind at ease. Some of the services that are included are:

  • Tenant selection and approval
  • Rent check collection
  • Deposit to bank accounts
  • Property management services
  • Property repairs
  • Regular monthly reporting

Property management covers all of the things that most consumers take for granted about maintaining a home. This area of services may include the following depending on the building type:

  • Cutting the lawn
  • Hedges and shrub maintenance
  • Maintain watering system
  • Routine repairs to appliances
  • Painting and cleaning after tenants leave
  • Management of special projects e.g. window replacement etc.

Summary

Regardless of the residential property management services that are required, there is a property management solution. Make a list of the services that will be needed for your situation. Decide the time frame involved. Call your insurance company to confirm their minimum requirements. Make sure that you will receive appropriate documentation from the residential property management company if you will need it to make an insurance claim.


Baby Boomer Building Boom

Baby boomers are retiring in droves. I just read this morning that there are more baby boomers older than 65 than there are people under the age of 14 in this country. In addition there is only one applicant for every two jobs that are being vacated by baby boomers retiring from the work force. This is putting a lot of pressure on business and government, however that issue is a topic for another post. In this article we wanted to focus on the baby boomer building boom and what consumers over the age of 65 should focus on in their homes to allow them to age comfortably in place. After all most people want to do just that. They are not ready to move or downsize and in many cases it is just cheaper to stay where you are.

However there are some things that need to be done to their homes to make it more comfortable to stay in their home as they age. We will cover three major areas that we all need to pay attention to.

Baby Boomer Building Boom

Steps – get rid of those steps or at least find away so that you climb less steps every day. A number of things come to mind that are relatively inexpensive and yet will make life a lot easier:

  • Build ramps at appropriate locations
  • Install stair lifts to the second floor
  • Move bedrooms onto the main level
  • Add an addition to the home with no stairs
  • Hire people to do the house cleaning and other work that involves steps

Bathroom – Slips and falls in the bathroom are a major accident source for many seniors. Wet floors can be slippery, we tend to be less steady on our feet and our eyesight is not as good as it used to be.

  • Install Grab Bars in showers and tubs
  • Convert tub to a walk in
  • Add grab bars everywhere to give you something to hold on to
  • Use a walker or a cane, don’t be too proud

Remove Tripping Points – A rug, a one step stair, a bed too high etc are all places that can cause trips and falls. Combine grab bars with removing all items that could cause a trip or a fall to make it safer around your home:

  • Install grab bars
  • Remove throw rugs
  • De-clutter your home
  • Survey your home for all potential trip points

 

 


Categories

Blog Index

Copyright © 1996-2010 Managing Home Maintenance Costs. All rights reserved.
iDream theme by Templates Next | Powered by WordPress