Posts Tagged ‘Property Management’

Becoming a Successful Property Manager, Part 1

December 20, 2010

By: Robert Gagnard

Failing to adhere to certain practices and policies can make a landlord’s job difficult. Follow our advice to get the most out of your property and tenants.

-Screen Your Tenants-

Never agree to lease property to a prospective tenant without first conducting a thorough screening: check credit history, call references, and complete a background check. Screenings take place in various stages, usually beginning with an application and leading to an in-person interview if their application has met your standards.

-Get Everything in Writing-

Contracts allow both parties to be aware of the terms each is expected to follow and allow each to hold the other accountable for their actions. No matter the type of lease you and your tenant decide on, make sure you and the tenant sign a contract that explicitly states the terms of your agreement.

-Purchase Insurance-

Before you rent out property to tenants, obtain insurance to protect yourself from lawsuits, theft, discrimination, injuries, and losses through fires and inclement weather. Liability and other types of insurance protect you and your property from harm and wrongdoing.

-Make Timely Repairs-

As a property manager, you are expected to keep your property in prime condition. When a property is unoccupied, perform routine maintenance inspections to keep it in prime condition. After a tenant occupies the property, quickly respond to any of their requests for maintenance in order to keep them happy and the property in good shape. In some cases, tenants are responsible for repairs. Talk to your tenants to work out such arrangements, and make sure they are included in your contract.

-Take Care of Security Deposits-

In most cases, tenants must pay a security deposit before moving into a property. Take care of the tenant’s security deposit and establish a system to collect, hold, and return the deposit when they vacate the property.

Becoming a Successful Property Manager, Part 2

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About Robert Gagnard!

April 19, 2010

Residents of Sugar Mill Pond can thank Robert Gagnard for their community-oriented lifestyles in the Youngsville, Louisiana, neighborhood. Robert Gagnard serves as co-owner of real estate development firm RR Company of America, LLC, which designed and created Sugar Mill Pond. Under Robert Gagnard’s supervision, RR Company of America, LLC envisioned Sugar Mill Pond as a community that combined modern conveniences and amenities with the Southern traditions of Louisiana life. Families live within walking distance of a grocery store, a clinic, an athletic club, and a high school campus. Robert Gagnard’s future plans for Sugar Mill Pond include a second park, a food court, a CVS Pharmacy, and a Cafe Roma. Sugar Mill Pond also provides community-wide events like Fourth of July fireworks, holiday celebrations, charity walks, endurance races, and church services. As co-owner of RR Company of America, LLC, Robert Gagnard manages all properties developed by the firm. In addition to Sugar Mill Pond, Robert Gagnard and RR Company of America, LLC currently oversee properties throughout the United States, including gas and convenience stores, private and social clubs, blood plasma collection centers, and multiple-family residences. Robert Gagnard joined RR Company of America in 1995 after graduating from Commonwealth College in Houston, Texas. Robert Gagnard works from RR Company of America, LLC’s headquarters in Lafayette, Louisiana. Find out more about RR Company of America, LLC by visiting www.rrcompany.org.