Rentals: Tips for Property Owners

It is that time of the year again when new leases are signed, and whether you are a property manager, homeowner or landlord, there are some common tips to help manage your property during 2010.

Michelle Dickens, managing director of TPN, a registered credit bureau, shares her top tips when it comes to property management.

1. Plan your year. By knowing your budget and setting up short-, medium- and long-term goals for the year. By breaking your action plan down into achievable monthly targets you will be able to ensure that your business reaches its full potential.

2. Look after your property. Quality properties attract quality tenants. All properties deteriorate over time. A smart investor understands the advantages of spending to maintain the property and remember the money spent is set off against the tax expense.

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