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Property Management Blog

Importance of Association Management Meeting Minutes

PMI Sojay Property Management - Saturday, April 29, 2017
Meetings are rarely on anyone’s list of favorite things to do – and keeping meeting minutes is even worse. However, timely, accurate minutes are important, especially if decisions are being made about your home and community. Ideally, after the conclusion of an HOA meeting, minutes detailing what was discussed and any decision...

3 Steps For Managing Security Deposit Refunds

PMI Sojay Property Management - Saturday, April 29, 2017
Having tenants in our rental properties can be great things when we go through the proper suggested tips to find the perfect fit, but just like in anything, there can be ups and downs. Sometimes we find ourselves in situations that are not ideal and we have to start asking bigger questions such as “What do we do from here?” ...

Four Things That Will Keep Your Renters Happy

PMI Sojay Property Management - Saturday, April 29, 2017
A happy, responsible renter is like gold, and — as with any treasure — you don’t want to lose it. If you want to enjoy long relationships with your tenants, follow these four tips for keeping them happy and ready to renew that lease. 1. No Surprises The best way to ensure a lasting renter relationship is to start out ...

Winterizing Your Rental Properties

PMI Sojay Property Management - Saturday, April 29, 2017
During these cold winter months it is important for property managers to winterize rental properties. Taking these simple steps will help prevent common weather related damages to rental properties. Spending money on preventative measures will always pay off when major costly damages are avoided. 1. Adjust The Thermostat R...

How to Manage Security Deposits

PMI Sojay Property Management - Saturday, April 29, 2017
Property managers should always require a refundable security deposit in residential property management properties. This deposit should be kept in a separate account for trust or escrow funds and will be returned to the tenant in part or in full once the tenant has moved out. Security deposits are often the most hostile subject...

Breaking the Lease

PMI Sojay Property Management - Saturday, April 29, 2017
Most tenants sign a lease for a year at a time. This ensures that for that year, a steady income can be counted on and decisions for either finding new tenants or continuing a lease can be thought out and planned on. This helps landlords rest easy in tenant stability for the most part. However, there are some circumstances in wh...

Increasing Curb Appeal

PMI Sojay Property Management - Saturday, April 29, 2017
Increase the value of your rental property by making some aesthetic changes and following a few simple tips. Check for concrete damage and consider making repairs. There are emerging low cost options, such as concrete lifting, to fix cracks and sunken concrete slabs as opposed to total concrete replacement. These small re...

Why Use a Property Manager

PMI Sojay Property Management - Saturday, April 29, 2017
Purchasing rental property in NM is a smart investment and can be a significant source of residual income for property owners. However, property management can be an enormous undertaking that requires a great deal of time and effort. Property management involves the process of finding and vetting quality renters, keeping prope...

Vacation Home Property Management

PMI Sojay Property Management - Saturday, April 29, 2017
Vacation rentals are steadily rising in popularity as vacationers are drawn to a more relaxed home setting in a local atmosphere as a cost effective alternative to a single hotel room in a bustling tourist district. The market is swarmed with up and coming vacation rentals and it can be difficult to find a rental that is what it ...

Pros Cons of Keyless Entry System

PMI Sojay Property Management - Saturday, April 29, 2017
When it comes to keeping your home and family safe, you want to do everything you can to protect them. Along with the rise of the smart home and automated security, keyless home entry systems have become one of the first lines of defense for savvy homeowners. If you’re thinking of adding a keyless lock to your home, here’s a...


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