Landlords Glean Helpful Insight from Bolld Real Estate Management on the Stresses the Can Come with Difficult Occupants

Vancouver, BC -- (SBWIRE) -- 09/07/2016 -- Nobody buys an investment property wanting to face the reality of dealing with problem tenants. In fact, it causes some individuals such apprehension to the point that they end up not even purchasing the property at all. But fretting over the outcome of a relationship that may turn out bad is no reason from adding considerably to one's quality of life when there can be measures put in place to avoid an undesirable interaction from transpiring or – at the very least – have a competent way of handling unavoidable instances. After all, with the myriad of amazing benefits that can come from owning real estate, it's not worth it to let one small thing stand in the way.

Of course, one of the best ways to prevent a problem tenant is to be an engaged landlord that deals professionally as well as respectfully yet firmly. Always ensuring that issues are resolved quickly and continually finding ways to make the property a little better for the tenant can go a long way. This could mean installing electric garage door openers or just having the gardens landscaped in the spring. Small gestures such as these can really help strengthen a relationship with a tenant and make them feel comfortable in approaching their landlord.

This being said, there are a number of more general preventative measures that can be taken in securing the most ideal situation possible when it comes to investment properties and their occupants.

Receiving payment for rent is, of course, the top priority for a property owner. However, taking a hard line approach is not always best. Some situations, such as a tenant simply forgetting rent is due, can be resolved with a simple phone call. Other circumstances, however, may require further action. For example, if a tenant falls under hard financial times, consider giving them a payment option to work their way back into good standing. If the problem persists and they don't fulfill their part of the arrangement, further action should be taken. However, avoiding legal action when possible can save a landlord tons of money and that is why taking small steps to resolve the issue through firm, yet understanding contact is the best initial route to pursue.

Another essential aspect of an owner's property is the actual property itself. Regular inspections by a professional just to ensure upkeep and overall sanitation of the property is something that pays off in the long run as huge costs can be incurred from just one unit that is let go.

Along with having regular inspections carried out, it's important to be in touch with tenants as well as neighbors. Coming by the grounds in person and having chats can go a long way in being familiar with the different personalities, temperaments, and issues that are unique to each and every individual on the property. In the event the tenants have problems with one another or with the facilities themselves, it makes it far easier to know how to deal with the situation given the familiarization that has already taken place.

The knowledge gained from having conversations and getting to know those renting the property can also lend aid to issues that might otherwise not be noticed such as subleasing. Assuming a tenant thoroughly reads let alone adheres to what is outlined in lease agreements is a naive move. Although tenants don't need to feel like there is a constant inquisition at hand that they are the victims of, the relationship of landlord to tenant still needs to be clearly understand enforced/followed.

Finally, in the worst case scenario of an eviction, following the law 100% is essential to both winning a case and not coming out losing tons of finances in the process. More details on this and the tips outlined above can be found at Bolld Real Estate Management's Website.

Many property owners, in facing the prospect of dealing with problem tenants and the myriad of issues that come along with it, are inspired to work with an experienced property management company to save themselves a great deal of time, energy, and money.

To learn more about Bolld Real Estate Management, visit their website today.

About Bolld Real Estate Management
Bolld Real Estate Management is an independent licensed rental management company with property managers with years of experience in rental property management. They live, breathe and eat rental property management and their entire focus is on maximizing clients' investments. Their advice is always well informed and independent. Bolld was founded on the principles of trust, innovation and reliability. They facilitate the use of modern-day technology to its fullest extent and to maximize the value of their services.

Bolld Real Estate Management is here to help. Bolld offers efficient and affordable property management services. Click here for an instant quote.

www.bolldpm.com
855-266-8588

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Vancouver-based Property Management Company Bolld Real Estate Management Shares an Important List of Inquiries Every Investor Needs to Ask

Vancouver, BC -- (SBWIRE) -- 07/13/2016 -- Property owners want the assurance that their long-term real estate investment is in good hands. The security and peace of mind that comes from knowing their assets are treated with care and the assurance of a strong return is crucial. Of course, being a property owner is an entirely different job altogether than is being a property manager. The idea of being on call 24-7 to deal with tenant emergencies – let alone the myriad of day in and day out maintenance issues that require an entire team to handle – is something many owners dread dealing with. Most if not all would prefer to hand these stressful and time-consuming responsibilities over to seasoned property management professionals so that they themselves can reap all the financial benefits of owning real estate and free themselves up from becoming a full-time landlord. But choosing an unqualified property management company can end up creating more problems than it solves so how does one know if they're getting the optimum service of a property manager?

As experienced property management experts, Bolld Real Estate Management knows the real estate business inside and out and shares some of its insights on the matter with a list ten questions when looking for a management company:

1. What are your fees and what's included?

Right from the beginning you want to know how much absolutely everything is going to cost. What services are included? What percentage will they charge? Are there any hidden fees? All these details factor into getting quality tenants and cutting corners on costs can sometimes be cause for suspicion. You need to know everything upfront and a reputable company will make all costs clear from the start.

2. Who will be my representative and how many properties do they manage?

Team strength is important but ensure there is ultimately one person that can be held accountable for the overall management of your investment property and that they will give it optimum attention.

3. How long have you been in this line of work and what sets you apart?

Being in business a short period of time isn't necessarily a bad thing – it's the quality of work that counts at the end of the day. However, be sure your questions about what makes them unique are met with satisfactory answers.

4. How would you structure a maintenance plan?

You expect maintenance – both general upkeep and emergency. You need someone who can handle both. This includes having established relationships with contractors and the ability to lend insurance advice in relation to mitigating costs.

5. Do you troubleshoot with tenants when they call for repairs?

This may sound silly, but repairs can really add up quickly. A seasoned manager knows sometimes simple suggestions like changing a lightbulb can save a lot of unnecessary house call bills when the problem can be fixed with common sense in some cases.

6. What can you tell me about your screening process?

When you make a real estate investment you always want to know as much as you can about who your property will be occupied by. It can be the difference between making money and losing money.

7. How much do you recommend I rent my property for and why?

You want your property to be competitively priced, but you never want to jump in with a manager simply because they gave you the highest number as it could be a recipe for an empty property. Ask them to explain how they arrived at their recommended number.

8. When is the rent money disbursed to me?

Making sure all the revenue is going to line up the way you need it to will go a long way to saving yourself potential stress in the future.

9. What do you expect me to do as the owner?

Your level of involvement needs to strike the right balance. Too much involvement can mean you're paying them for nothing whereas none at all can potentially put your investment at risk.

10. What is your termination policy?

If your investment is suffering, it may be time to try other options (no matter how much you like the people you are working with). Always have an exit strategy.

"A great property management company will make your investment worthwhile," shared Leo Chrenko, Bolld Founder and Managing Broker. "Its job is to take away the stress that comes with being a landlord and allow you to focus most of your energy on getting a return."

For more in depth answers, visit Bolld's article 10 Questions You Must Ask a Property Management Company Before You Hire Them on their website.

About Bolld Real Estate Management
Bolld Real Estate Management is an independent licensed rental management company with property managers with years of experience in rental property management. They live, breathe and eat rental property management and their entire focus is on maximizing clients' investments. Their advice is always well informed and independent. Bolld was founded on the principles of trust, innovation and reliability. They facilitate the use of modern-day technology to its fullest extent and to maximize the value of their services.

Bolld Real Estate Management is here to help. Bolld offers efficient and affordable property management services. Click here for an instant quote.

www.bolldpm.com
855-266-8588

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Vancouver-based Property Management Company Emphasizes the Importance of Establishing Relationships Based on Integrity, Passion, and Hard Work with Property Owners and Tenants

Vancouver, BC -- (SBWIRE) -- 05/25/2016 -- Most reasonable folks out there would agree that the basis for every good relationship among the owners, tenants, and the property manager is a property that is properly maintained and has friendly, approachable managers. However, how often are we surprised and even shocked to find how many shortcuts are taken or how this standard is simply not upheld with the level of integrity we expect? For Bolld Real Estate Management, a strong, respectful, and hard-working relationship with all owners and tenants they interact with is an abiding principle.

Bolld does not approach these matters lightly and backs up what they say. With the very best, verifiable, expert, effective strategies, centralizing in the marketing of rental properties, they make it a must to offer the very best of quality service to all of their clients as well as tenants.

Bolld is licensed by both the Real Estate Council of British Columbia and the Consumer Protection Agency of BC. This allows them to manage both long-term rentals administered by the Real Estate Service Act as well as the Residential Tenancy Act and Short Term or Vacation Rentals which are administered by the Business Practices and Consumer Protection Act, SBC (2004). This means that they are able to advertise all properties furnished by their clients (long term investment property owners) through a variety of channels to target various markets and increase rental revenues.

Licensed, bonded, insured and very attentive, Bolld has productively kept vacancy rates of furnished properties to under 10% in the last year. As such, their clients have experienced historically high monthly revenues for their properties.

At Bolld, teamwork is of the utmost importance. Many property managers work independently and basically compete against each other within the same company. No matter who receives the rental inquiry, maintenance request or strata notice, all members of Bolld's team are notified. The property manager that is available, closest to the property or has the best expertise in the particular field will take care of the matter. A lower ratio of properties per manager also allows them to give both the client's property and the tenant occupying it the attention that they need. This harmonious workflow creates a unity amongst managers that ultimately results in superior client care.

"I take pride in caring for properties as if they were my own," shared Leo Chrenko, Bolld Founder and Managing Broker. "I constantly work on efficiency of our products to keep client's properties ahead of the game and provide a top quality service at affordable rates and accordingly maximize the original investment."

Bolld encourages property owners and tenants alike to explore their website for the vast resources and lists of benefits it offers as well as the many rental properties it has available in Vancouver, North Vancouver, Burnaby, and Whistler.

About Bolld
Bolld is an independent licensed rental management company with property managers with years of experience in rental property management. They live, breathe and eat rental property management and their entire focus is on maximizing clients' investments. Their advice is always well informed and independent. BolldPM was founded on the principles of trust, innovation and reliability. They facilitate the use of modern-day technology to its fullest extent to maximize the value of their services.

www.bolldpm.com
855-266-8588

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm