Property Management Blog

Blog Post Long Beach Here We Come (and the rest of Southern California)
By Progressive Property Management - Wednesday, June 11, 2014

Long Beach Here We Come (and the rest of Southern California)

I have found it strange that if you operate a great restaurant and the world beats a path to your door, you quickly expand and add more restaurants so that other people can enjoy the fruits of your labor. Bruxie Gourmet Waffle didn't open the one store in Orange, generate lines ...
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Blog Post Over 250 Tenants and Only 1
By Progressive Property Management - Sunday, April 6, 2014

Over 250 Tenants and Only 1 "3 day Notice to Quit" in April

I was informed by my staff that even with over 200 properties and 250 "doors" (some properties have a number of units) under management, we only had 1 tenant that did not pay on time and we had to post only one "3-day notice to quit". Wow. Perhaps it is our better tenant system...
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Blog Post Is It Better To Rent?
By Progressive Property Management - Tuesday, March 25, 2014

Is It Better To Rent?

For as long as I have remembered, I have been told it is always better to buy than it is to rent. But with over 30% of people renting, there must be a reason renting is so appealing. Here are 6 ways renting beats owning: 1) Low upfront costs. Most owners want 1 month's rent as...
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Blog Post The Progressive Property Management Comparison Chart....is coming
By Progressive Property Management - Wednesday, February 12, 2014

The Progressive Property Management Comparison Chart....is coming

I believe in transparency. I believe it should be easy for customers to know how much you charge, what you do for that fee, and then make a business decision based on a number of factors: the fee, services provided, customer satisfaction, years in the industry, programs offered,...
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Blog Post Why I Love The Property Management Business
By Progressive Property Management - Saturday, January 25, 2014

Why I Love The Property Management Business

I have been in the real estate and finance business since 1988 and have been involved with real estate sales, mortgage sales, managing loan agents, managing real estate agents, new construction, commercial sales and even private banking. But of all the things I have done, and st...
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Blog Post Transparency of Fees in HOAs/Community Management
By Progressive Property Management - Wednesday, January 1, 2014

Transparency of Fees in HOAs/Community Management

It is one of my pet peeves that property management companies generally do not publish or promote their fees or the percentage of the rents they intend to charge owners. Many property management companies charge whatever they can on a customer to customer basis, and know that th...
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Blog Post What Do You Think About a Rental Income Guarantee?
By Progressive Property Management - Saturday, November 9, 2013

What Do You Think About a Rental Income Guarantee?

Perhaps one of the most difficult aspects of being a rental property owner is the potential variance in collected income from year to year. Although your market rent may be $2,000 a month and you expect to collect $24,000 in the coming year, your actual income may be much lower....
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Blog Post An Industry First: The Better Tenant Guarantee
By Progressive Property Management - Wednesday, October 2, 2013

An Industry First: The Better Tenant Guarantee

We are rolling out our 6 Performance Guarantees over the next few months, and every guarantee means that if we don't do our job as promised, we pay a price. Perhaps the most exciting guarantee is our Better Tenant Guarantee. It is fairly straightforward guarantee: if a tenant w...
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Blog Post What is Dynamic Pricing?
By Progressive Property Management - Tuesday, August 6, 2013

What is Dynamic Pricing?

As we manage more properties that are diverse in type (condos, single family homes, multi-unit), location (Orange, Riverside, Los Angeles and soon Ventura Counties), and price range (as low as $800 a month and as high as $8,000) it has become critical that we create a pricing str...
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