Property Management Group, LTD

Preparing For an Out of State Move

Tue, 10 Mar 2020 14:58:03 GMT

Are you planning to move out of your current state of residence to a new one? Well, it’s a big move no doubt and it can be overwhelming for some people, especially when you are not prepared. Moving is a big decision and if you are feeling a little nervous about it, don't worry, it's perfectly normal.

However, there are several things you can do to make moving day as painless as possible. In this post, we give you a few tips to help you better prepare for an out of state move. Here they are:

Visit the State You Are Moving To

It is important to have a clear idea of where you are moving to. Unless this is a state you’ve visited recently, you may want to get there and see for yourself what you are getting into. A reconnaissance visit helps you to achieve two important things.

First, it brings a sense of familiarity with your new state, something that will make settling down far easier. Secondly, a reconnaissance visit also helps you to identify various routes and roads that will make mobility in your new home easier when you move in. It is also advisable to use a local guide when you make your first reconnaissance visit, especially if you are visiting for the first time, or for the first time in a long time.

Research Neighborhoods

You will need somewhere to stay once you move right? Do not wait too long to determine where you will be living - in fact, we suggest that you begin searching as soon as possible. A good rule would be to research various neighborhoods in the city well before moving day.

What are the crime rates in those areas? How much do houses sell for? Are there any schools nearby? How far is the neighborhood from your place of work or business? If you can answer these questions, it will be easier to identify the most ideal neighborhoods to settle in with your family. It is also important to research local property laws and taxes, as well as local movers.

Budget Early

Moving is a costly undertaking, so it helps if you have a predetermined budget to guide you on the entire process. The overall moving budget can vary depending on where you are moving. Typically, it consists of the moving costs (monies paid to movers), settling costs (renovations if needed for your new home), and any other miscellaneous expenses that may arise during the move.

What Are The Alternatives?

It is also important to ask yourself whether you need to move or not. As we have already noted above, moving is a huge undertaking, so do so only when you are 100% sure it's the right thing to do. You may also want to ask yourself if the state you are planning to relocate to is the best option for you depending on your circumstances. Is there a different state out there that still meets your preferences but offers less hustle when it comes to moving day?

Prep for your out of state move well in advance so that you aren’t stressed when it comes time to move! Learn about your new neighborhood, local laws, and consider all factors before making a big move.

Famous Buildings and Landmarks in Philadelphia

Mon, 03 Feb 2020 10:30:00 GMT

As the birthplace of the United States of America and home to many other historical events, Philadelphia is a tourist attraction. This American city was the base from which William Penn, a well-known Quaker, stood out for the ideals that catalyzed the independence of the United States from the British colony. A century later, Independence Hall would adopt the Declaration of Independence in this city.

Nowadays, the great hall is flanked by other iconic figures such as the Liberty Bell and Franklin Court. Despite all this rich history, people also flock to Philadelphia for other attractions. The city is also home to the famous Reading Terminal, the macabre and the exotic sights of the Philadelphia Museum of Art , or the impressionist capital called the Barnes Foundation. Below is a brief guide through Philadelphia’s history. We listed historical landmarks as well as present attractions. These are all key parts of the city you do not want to ignore:

The Liberty Bell Center

In 2018, 2.1 million people came from across the world to the Independence National Historical Park to salute this iconic representation. The Liberty Bell Pavilion provides shelter for the Liberty Bell, the American figure representing freedom earned after the years of the Civil War. The Liberty Bell has been in Philadelphia since 1915 when it completed an inspiring and deeply significant march around the country. Today, you can soak in the aura of freedom it gives off through the permitted public tours and documentaries.

Independence Hall

Right across from the Liberty Bell pavilion is Independence Hall , the location of the momentous Declaration of Independence. It still resounds till today the country’s Independence from British Colony and the Famous 4th of July Holiday. The Independence Hall is also famous for being the birthplace of the American constitution, and where George Washington was chosen as the first Commander-in-chief of the Continental Army. There are no fees required for entrance into this sacred place, but rules determine when and how someone is allowed to enter. Also, there is a limitation on the number of people who can enter the Hall at a time.

Please Touch Museum

As impressive as the other sights are, the Please Touch Museum is best suited for kids below the age of 12. It’s equipped with games and fascinating contraptions that give children a physical stage to express themselves in constructive ways. The Museum is themed towards giving the children educational benefits through fun-filled experiences. With a space of up to 60,000 square feet, it housed more than 500,000 visitors in 2018 alone.

The museum includes levers, water-controlling apparatuses, dams, and locks in the Water Adventure Area of Exhibition. There are also real-life programming tools, theatres, costumes, fantasy worlds, space-themed environments, among other contrivances to keep the kids engaged throughout the day. It is also home to the 100-year-old Denzel Carousel, which has been maintained to function properly.

Reading Terminal Market

Touted as the most visited landmark in the city that houses the Liberty Bell and Independence Hall, Reading Terminal Market is extremely popular. Reading Terminal Market is more than just a public market. It is the oldest of all public markets in America, and the biggest one too. Since 1893, it has expanded and undergone numerous renovations. It has a special atmosphere that is further magnified by many of the earliest features that still stand.

Here alone, 7.7 million people visit in a year to buy freshly-baked Amish pastries, artworks, impressive craftsmanship, jewelry, and so many other locally-produced goods from the 80 plus merchants that inhabit the Reading Terminal Market.

Where are the Best Cheesesteaks in Philadelphia

Mon, 20 Jan 2020 10:30:00 GMT

There is no better analogy for a whole being greater than the sum of its unique parts than Philadelphia’s cheesesteaks. There is no elegant edge to the local favorite, yet visitors don’t forget to add this vital part where they feed their senses of taste after, before, or during their tour of sights and touch.

Philadelphia is known to have great food, with the Italian Market and the Reading Terminal Market providing worthy alternatives to the generally preferred cheesesteaks. However, for a food choice that at least 60,000 residents consume every day, and still enjoy, is there a lot more to it than meets the eye? Below is a list of places where thoughts like that are forgotten with the overwhelming deliciousness of awesome cheesesteaks.

Pat’s / Geno’s

These two legendary shops should normally feature in different titles, as they are equally illustrious and still offer uniquely-tasting cheesesteaks. However, the history they share is best highlighted by the fact that they share the same street.

Also, they are credited with the creation of cheesesteaks. The generally-approved story of the original cheesesteaks declares that Pat Olivieri, a hotdog seller from South Philadelphia, invented the first stage of the cheesesteak in 1930 by placing beef on his grill. Only for a passing taxi cab driver to demand his own steak sandwich after perceiving an aroma, unlike anything he knew. The following day, cab drivers from all over the city packed in droves to get a bite. This pushed Pat to set up a shop to respond to the orders on 9th Street and Passyunk Avenue christened ‘Pat’s King of Steaks’. Per the urban legend, he added cheese to the recipe in the following years.

On the other hand, while Pat’s grill of steaks came first, Joe Vento, the founder of a rival shop established in 1966, is to be credited with the addition of cheese to steaks. In the following years after both versions of the story had picked up steam, Joe Vento’s Geno’s battled Pat’s, in a bid to discover which family-run cheesesteak shop offers the finest cheesesteak in Philadelphia.

John’s Roast Pork

While Pat’s and Geno’s have battled arrogantly over a title that should normally involve all cheesesteak shops, John’s Roast Pork has won regular accolades for its use of crusty seeded rolls to redefine the essence of cheesesteaks. Since 1930, John’s Roast pork has occupied the inhabitants and workers of dockside South Philadelphia with its unique take at cheesesteak by recently winning the recognition it has deserved through a Culinary Excellence Award from the James Beard Foundation. If you want to taste something positively different, visit this small shop that offers Roast Pork like no other.

Tony Luke’s

In Philadelphia, every restaurant or food kiosk probably offers cheesesteaks. What differentiates Tony Luke’s from the other names on this list, is the commitment given to the sandwiches. As a cheesesteak restaurant, Tony Luke’s has put other shops on their toes since its inception. Now they boast several branches in different locations across the country. The preparation of the food is intentional. Unlike most Philadelphian food shops that thrive on the directness of service, Tony Luke’s embraces food quality. Evidenced by the rib-eye steak used in preparing the cheesesteak, which is always fully reviewed by the USDA. Simply use Tony Luke’s drive-thru approach to get the best steaks for your picnics, party, or your visit to the nearby sports complex.

The Philadelphia Museum of Art

Mon, 13 Jan 2020 10:30:00 GMT

The Art Museum in Philadelphia is a sight that you should not miss. It is known for its historical artifacts, rich cultural heritage, and each fragment of the museum practically oozes artistic brilliance.

The Philadelphia Art Museum is known to be one of the largest museums in the country. It is very famous amongst tourists, as nearly a million people come to visit each year and soak in the wonderful and vibrant art of the museum. People visit it multiple times and claim that it is even more exciting each time. This article will tell you the main attractions of the museum and bring to light exactly why one should visit and marvel at the beauty of this culturally brilliant place:

Collections Of Art

The works of art that can be found within the Philadelphia Art Museum are unlike others. It has approximately 225,000 pieces of art. They include art from the Renaissance and the ancient cultures, as well as ones from the modern day. Art can be found from the most famous and brilliant artists such as Vincent Van Gogh, Thomas Eakins, Pablo Picasso and many more.

The Architecture

The museum’s pieces of art are not the only artwork worth mentioning. The museum’s architecture is itself a sight for sore eyes. The high ceilings and the beautiful caramel bricks are dazzling to the eyes under the soft golden light of the museum, giving it an added splash of beauty which is perfect for displaying the centuries old art.

Exhibitions

The website of the art museum shows that there are more than 25 exhibitions each year. Different works of art and diverse cultural pieces are displayed within the museum as people visit and learn about art, ranging from the history of the world wars to the modern day art of brands such as Dior. Each piece of art encompasses beauty and uniqueness, the museum is one of a kind with its inclusive and diverse displays.

Most Famous And Remarkable Paintings

The most well-known paintings include Vincent Van Gogh’s Vase With Twelve Sunflowers, Pablo Picasso’s Old Woman , Thomas Eakins’ The Gross Clinic and Rogier’s Crucifixion Diptych. These are only some of the main attractions and are amongst the most photographed and highlighted paintings of the museum.

Shop And Visit

You know something exciting? The museum has countless exhibitions and programs that are divided into those that are designed specifically for children while others are for adults. They also have items that one can shop for, including a wide range of books as well as gifts including jewelry, paintings, and toys. It is all open to the public.

With its wide range of paintings, exhibitions, and beautiful architecture, the Philadelphia Museum of Art is a place that should be visited by everyone who loves culture and history. The museum is also extremely inclusive in the modern day, as they display art from every culture with a focus on diversity. Children as well as adults should definitely visit this museum and get a chance to learn and explore historical art.

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What Philadelphia is Famous For

Mon, 06 Jan 2020 10:30:00 GMT

Philadelphia is a city that has enjoyed being home to a lot of ‘firsts’ in American history. It has a ridiculous amount of sights and experiences which are envied by other cities. From boring facts like being the birthplace of America’s daily newspapers, The Philadelphia Packet, and Daily Advertiser back in 1784, to entertaining facts like having the oldest active performing arts theater in the English speaking world, The Walnut Street Theater, Philadelphia is ripe with temptations and history.

The City of Brotherly Love spreads its unique charm in different ways, from historic landmarks to its local food. Let’s now delve into what makes Philly pop up in the news!

Cheesesteaks and The Wing Bowl

How can a mixture of bread, cheese, onions, and meat be the most famous thing about this iconic city? Well, because it’s really good! There are more than 70 active cheesesteaks stands in Philadelphia, and they all do extremely well business-wise. More than 60,000 Philadelphian citizens and tourists patronize these stores daily! The directness of the food is part of the reason that holds so much sway over people. So, if you find yourself in that zone, try out at least three different cheesesteak shops, just in case one is a dud.

Also, Philadelphia hosts a very large eating contest that draws an enormous crowd that sometimes exceeds 20,000 people. A tribute to the city’s love of food.

The Crib of Freedom

The Independence Historic National Park , a landmark in Philadelphia, is famous because it tells the tale of so many different pieces of history. Not just Philadelphian history, but important bits of United States history. In the park, there is the Liberty Bell – which has signified the hard-fought freedom since its march around the country, Independence Hall – where this freedom was declared, and the famous Franklin Court. Philadelphia is also the mother to renowned political structures like Congress Hall, the National Constitution Center, Carpenter’s Hall, and many other buildings that tell different tales of the journey of America as a political institution.

Museums and Art

Being such an old city, Philadelphia has recorded its history so carefully through the myriad museums situated across the city. The Philadelphia Museum of Art probably stands out as the most popular, no less for the “Rocky Steps’, which was popularized by the 20th-century classic titled “Rocky’. Aside from the Rocky steps, the museum boasts so many instances that scream of its rich stock of American cultural heritage.

In what would be a different take of a museum, the Please Touch Museum helps kids to thread the fine line between work and play so amazingly that few places on earth can match its activity for children. Science-themed experiments and fun games come together so seamlessly that you cannot help but laugh and smile no matter how old you are. Other honorable mentions include the Museum of American Revolution, the Penn Museum, Mutter Museum, Independence Seaport Museum, the National Museum of American Jewish History, The African American Museum of Philadelphia, among other stellar names.

Also, Philadelphia is only second to the romantic city of Paris when it comes to the production of impressionist paintings. It is dubbed the ‘mural capital of the United States’ since more than 2,000 beautiful murals color the walls of Philadelphia.

Philadelphia is also wrongly credited with being the birthplace of the first person to stitch the first American Flag, giving Philadelphian native, Betsy Ross the honor. While she is not the one who accomplished the feat, her home still garners attention.

While it might not indeed be always sunny in Philly, the 5th largest city in the United States of America is sure to brighten your horizons with its illustrative ambiance, and its unique pull for the community. One fact is, one week is not enough to take in the sights Philly has to offer.

Ways to be a Good Tenant

Mon, 23 Dec 2019 10:20:00 GMT

Renting a place is an exciting new chapter for most tenants. What would be unfortunate is if this initial excitement is tempered because of unhealthy relationships between you and either the landowner, rental company, or other tenants.

Some people are certain that renting a space is nothing more than a temporary arrangement. However, if your reality admits property rental as a big part of your immediate future, you would do well to apply yourself in a way that builds a favorable record for your current and future landlords, as well as tenants. Here are a few notes you must strictly adhere to:

On-time Payment Never Hurt Anyone

Your landlord might smile at you every day, but that is because they are safe in the knowledge that at the end of the month, you will remit the amount agreed in your lease. The quicker you realize that these people: the landlords, rental companies, or agencies, sometimes make budgets dependent on your rental fees, the better off your situation will be. It’s always best to pay your rent on time, or before the date agreed upon.

Study Your Lease

Don’t feel accomplished after reading the parts you marked out as important. You have to pay attention to all the details put in the lease. If you can’t, enlist the help of a legal adviser in studying the contract. This is because your appended signature is all the proof needed that you are aware of any expectations on the part of your landowner. Also, the lease sometimes contains a list of responsibilities that you are bound to once you agree to the lease, and nobody likes a promise breaker.

Seek Consent

Always keep in mind that you are staying in a property that is not your own. Therefore, no matter how convinced you are that it will make the property more valuable, always ask for the authority to change something. This means that before you repaint, ask if you can. Before you build a shrine, report your ideas. Simply put, if your lease restricts alterations, and it usually does, seek out permission.

Keep Every Issue in Black and White

When you seek consent as mentioned earlier, make sure it is in writing, and request the granted permission be offered in writing too. Being transparent in your relationships gives you the peace of mind you deserve to enjoy.

Even if your need is a simple maintenance request that would require a phone call, be sure to keep a dated record of the request and any associated documents.

DIY – Do It Yourself

While it’s certainly safer to rely on your property owner or caretaker for maintenance of the property, some smaller issues are not worth disturbing them. So, instead of submitting a written request for a lightbulb to be changed, or changing the batteries in an old alarm, just do the little things you can to not become an annoyance.

Respect is Reciprocal

Make it a point of duty to address your landlord or fellow tenants in a way that affords you fair treatment. Be kind when you can, and when disagreements arise, be calm enough to focus on solving the problem instead of throwing insults left and right.

Treasure Your New Home

How would you feel if someone ruined a device you lent to them? Regardless of an understanding, the person might extend to you a bitter taste that is unlikely to become dissolved. Thus, make an effort to keep the rented space tidy and put together. Avoid contributing to the noise, air, or water pollution.

While there will always be instances where you and some people don’t just get along, as long as you follow the above steps and mind your business, the property owner is bound to recommend you. Even if he/she does it grudgingly.

Four Characteristics of a Smart Business Investor

Mon, 09 Dec 2019 10:30:00 GMT

Contrary to popular belief, investing in real estate is not just about having a lot of money. If truth be told, it is important to have strong capital, but people who are unable to handle the pressure of the wait or make the right decisions will have a hard time breathing through investments in properties.

Making the most of your investments will require a balanced mix of multiple factors. You also might even need a little luck. Nevertheless, having or improving on the following behavioral traits will signify that you are ready to make your property investment successful.

Curiosity

One unchanging truth in property investment is that the market is as unsteady as a wave. Being successful in this field requires that you keep yourself informed enough to be able to ride that wave. Read up on the latest vogues, take advantage of highly recommended apps and platforms, seek out recent information and beneficial historical data for your investments. Doing all the necessary digging before making any decisions ensures that you are equipped enough to deal with any eventualities.

Knowing your property inside and out is the best way to maximize profits. This allows you to negotiate different aspects of an agreement like rent and utility bills. How else can you convince someone to rent your property if you don’t know the strengths and weaknesses of your assets? In the same vein, doing the right research will afford you a snip when you are in the market for new properties that you can leverage on to get exponential profits.

Tenacity

The fickle nature of the real estate market doesn’t mean that you should settle for anything less than what you think you deserve. Usually, you will need to wait patiently for the ideal conditions to align. The ability to hold on while the market prices go up and down, while stubbornly holding out for essential parts of your plans and goals to fall into place is vital for property investors.

While it is important to be stubborn about your goals, remember to remain flexible with your methods, and keep your goals as close to reality as possible. Being able to continually examine your plans will guide you towards success.

Interpersonal Skills

This embodies both communication and management. Investing in real estate means you will need to be able to get as much information as possible from contractors or tenants. To do so, you need to be able to engage with them in a professional and friendly manner. You should be able to convince prospective clients of the need to invest in your property as well as negotiate the value you have set for your property.

Just like with any business, excellent customer service and positive employee engagement culture are some of the best traits to guarantee a good reputation for your business. In the world of real estate investment, a good name is worth more than capital.

Delegation to Expertise

A very important lesson is that you cannot trust yourself with everything! While you are central to driving your investments, and you should retain the right to have the final say, be on the lookout for experts that can help you make decisions. There is no substitute for experience, and theoretical data doesn’t always translate to reality. Knowing when to take a step back by allowing an expert to take the driving seat proves that you are focused on the greater good of your investment.

R eflect deeply on the above characteristics. Plan to tune your traits and try to take steps towards exhibiting all four of these characteristics so you can look forward to the inevitable positive results!

Five Simple Steps that Help to Mitigate Late Payment for Rental Properties

Mon, 25 Nov 2019 10:30:00 GMT

It should never come as a surprise when things don’t go to plan – after all, this world is ripe with uncertainties. However, as a property owner or manager , your focus should always be on getting your profits up, not on understanding your tenants all the time. While it is necessary to sympathize with your tenants, there must be a limit to your patience when faced with late payments.

It is even better to avoid that unpleasant position in the first place. However, doing so will require that you try to incorporate the following steps into your management plan and methods.

Payment Aide-mémoire System

The biggest connection between you and your tenants is the rent. It only makes sense that you make it a point of duty to keep this common ground of acquaintanceship open with reminders. This will push the early payment of the rental fees right up the priority list for the tenant.

You should start this process by finding out which method of communication your tenant will prefer before the lease is agreed. Then pass the reminders to the tenants a few days before, as well as on the agreed day of remuneration. However, be sure to moderate your efforts, so you don’t cross the fickle line that constitutes harassment.

Observe and Investigate Habitual Late-Payments

No matter how solid your reminder system is, it is only strong enough to avoid problems with tenants who routinely forget to pay on time. In many unavoidable cases, you might need to directly consult those who you might have marked out for paying their rent late. You will be surprised by what a few minutes of dialogue might yield.

For example, if the agreed date of rent payment is a few days ahead of when the tenant receives their salary, they will most likely pay late throughout their stay. For a situation like that, you can then use this knowledge to design a new payment schedule that they will be comfortable with. In any case, getting to understand the circumstances behind late payments is crucial to keeping the late payments at bay.

Set up Electronic Payment Channels

Take advantage of the speed and convenience of online transactions with platforms that will assure automatic rent transfers. This is not to say that you should enforce the use of online payment systems on people that would rather use checks – everybody has their preferences. Nevertheless, for those tenants that go along with it, and if you factor in any additional costs that might set in from online transaction charges, you will find you and your tenants can enjoy a more fluid relationship.

Readjust the Expected Date of your Mortgage Payment

As nice as it looks on paper that your mortgage will be taken care of by the rent that will automatically be in your account, make the cautious step of negotiating with the moneylender to fix a new schedule that aligns with your rent payment date. That way, when the mortgage bills come in, it will only be triggered by the rent payments.

Employ the Services of a Professional

Professional property managers exist for the sole purpose of helping you get the best results from your property. They are usually equipped to do all the above listed steps for you, without you having to bother you about any details. This has the all-too-important benefit of allowing you to spend your valuable time doing other things.

Adept property managers will help you with sensitive tasks like screening tenants, and even marketing strategies – if the need ever arises. Also, from their garnered experience, there are a few unique circumstances, opportunities, and pitfalls they will realize a lot earlier than you will be able to.

Winter Events in Philadelhpia

Mon, 11 Nov 2019 10:30:00 GMT

It might be only a metaphor, but Philadelphia packs the heat like nowhere else in the country during the winter season. Families arrive in droves with the knowledge that the final days of the months spent in Philly brings a unique gift and engaging attractions to be enjoyed by each family member.

The December chill is snowed over with inexhaustible packs of holiday joy available through lures like Rothman Orthopaedics’ Ice Rink Cabin at Dilworth Park, Longwood Christmas events at the famous Longwood Gardens, Christmas Village at LOVE Park, and the Blue Cross RiverRink Winterfest.

As for the old souls, the melodies of the Philadelphia Orchestra serenade their minds while The Philly POPS makes it funky. For many families, the annual rendition of “The Nutcracker’, an artistic gift from George Balanchine himself, is a festive memory that keeps the smile fresh and true when performed by the Pennsylvania Ballet in the Academy of Music.

While you are free to start up your own traditions when you visit the home of the Delaware River this winter season, here a few events you must aim to get a picture of yourself in 2019.

Rothman Orthopaedics Ice Rink – Dilworth Park

The 8th of November in 2019 will mark the beginning of a series of events being held right in Philadelphia’s Famous Dilworth park . For the next 107 days until the 23rd of February, several events are lined up to ensure a fun-filled day for the visitors to the park. However, in the Rothman Orthopaedics Ice Rink, ice-skating becomes more fun than it should be. Especially when the experience is supported by the pick-me-up services offered by the Rothman Orthopaedics Cabin through their exquisitely prepared beverages, and the relaxing effect of Wintergarden’s western take on flower and plant arrangement.

Franklin Square Holiday Festival

A week after the Dilworth Park begins its festivities, the Franklin square lights up with festive ambiance, while the sensational delight of wintertime delicacies pervade the atmosphere with enticing aromas. It is a free event that provides the most romantic atmospheres for loved ones to marvel, with an electrical light show conducted by PECO as imagined by the great Benjamin Franklin to spell out the theme of the holiday every single evening. As for the food, make sure to stop at Ben’s Sweets and Treats for some local drinks and delicious food.

Philadelphia ZooLights Up

This year, the LumiNature comes to the first zoo in America to accentuate nature’s majesty through a ruthless display of light. There are expected to be up to 600,000 smaller lights and 12 huge pillars of lights. One of the big pillars has been rumored to be a lit community of penguins numbering 200. Another is a snake rising above 21 feet and huge cat eyes. In this celebration of nature, life will stir with live performances and drinks aplenty come November 20 for you and your kids.

Peddler’s Village

Speaking of kids, you can’t do better than a visit to Peddler’s Village . What’s better than bathing yourself in holiday-themed lighting while you watch or compete in gingerbread-house competitions? Your kids will also be excited by visits from Santa there in New Hope. Hot Cider is the seasonal drink, but the certainty stops there with more than 50 specialty shops available to confuse even the best holiday shoppers.

Lights Out

Philadelphia ends the season with a luminous bang with a wide selection of shows and events planned for the eve of the new year. Also, the Delaware River will, in turn, will be home to not one, but two amazing displays of fireworks. As one is slated for 6 pm, you can take your children to check that one out. You can then excuse yourself later with your partner for the other fireworks display slated for midnight.

Four Qualities Of An Effective Property Manager

Mon, 28 Oct 2019 10:45:00 GMT

Understandably, you may feel reluctant to hand over your property for someone else to manage. After all, you don’t expect anybody to feel the pain of loss as much as you would if your investment fails to yield. Nevertheless, your fears can’t outweigh the numerous benefits you can expect from a qualified property manager . At the very least, it gives you more free time to focus on the most important tasks to maximize profits.

In there lies the major problem, how do you get the perfect hire? Property managers are expected to balance plenty of tasks so both the tenant and property owner are happy. At the same time, they are tasked with maintaining the property, keeping or improving the value of the property, while also coughing up profit.

Also, property management effectively cuts across various disciplines. They help with law, accounting, construction, marketing, and even psychology to some extent. Perhaps that is why most landowners prefer their property managers to have at least a high school degree.

Whatever the case, hiring a property manager is undoubtedly a sensitive task. There are four hurdles you must hope that the candidates can cross before you can trust them with your property.

Impressive History

The first indicator of a candidate’s worth is their past. There is no shortage of corporations and agencies that offer their best services and fastest responses when they are receiving payments, but nothing before or after.

Fortunately for us, digitization has afforded access to as much information as we need. By looking at the past experiences of the people that have acquainted themselves with that agency or firm, we get a clear idea of what we can expect from them.

Observe agencies that have at least 500 reviews, and an average rating of at least 4.5 out of 5. Additionally, ensure that the employees have good things to say about the methods and culture of the agency, to avoid hiring a team of grumbling and unsatisfied workers.

Availability

During your search, do your best to evaluate the mode of operation of the candidates. Try to discover if they are readily available and accessible through various sources, which is not limited to phone calls, texts, online messengers like WhatsApp or lives in proximity.

You can tell if an agency is reachable if they have social media handles that regularly updates landlords and occupying or prospective tenants about relevant information. If you find that the candidates are hard to reach, you can surmise that they will be equally unreliable to your tenants.

Organization

There is an undefined timeline of priority for tenant complaints and inquiries. A property manager that will be an asset to you, will have a good sense of what should be high up the scale of preference aimed at problem solution for the property. In essence, they will know what is more important to treat at every point in time.

Staff

A true manager will have the interests of your property at heart before anything else. This means that they would do everything they can to cut costs that would normally be invited for maintaining the property.

In most scenarios, hired property managers give out these maintenance tasks and duties to external parties or subcontractors. They are infamous for inflating their wages. Therefore, a good question to ask your potential property manager before hiring them is if they already have a team of workers who will offer services at subsidized charges.

In any case, be sensitive and trust your instincts when looking to hire a property manager. If the prospect manages to possess all of the qualities outlined above, then you have yourself a gem.

Fall Events in Philadelphia in 2019

Thu, 19 Sep 2019 20:16:00 GMT

If you’re spending time in Philadelphia this fall, you’re in luck! There are plenty of events to enjoy, from outdoor adventures to performances, artistic endeavors, and more. No matter how you like to spend your time, you are sure to find something to do in Philadelphia in the autumn. Check out some of the biggest events coming to Philadelphia this fall.

Philadelphia Fringe Festival

The Philadelphia Fringe Festival comes to Philly for two weeks in the beginning of September. Philly Fringe features experimental and avant-garde theatre pieces from artists across the Philadelphia area. This festival models itself after the longer, famous Fringe Festival in Edinburgh, Scotland. Check out some innovative theatre pieces from local artists!

Hispanic Heritage Month

Hispanic Heritage Month runs nation-wide from September 15th through October 15th this year. In Philadelphia, festivities begin with the Feria del Barrio, a celebration of Latin culture, art, and music. Hispanic Heritage Month continues with a Puerto Rican Day Parade, Mexican Restaurant Week, and other celebrations of Hispanic culture throughout the city.

Terror Behind the Walls at Eastern State Penitentiary

Philadelphia is home to Eastern State Penitentiary , a former prison that once housed famous criminals like Al Capone. The penitentiary is now used for historical tours, but in the fall, they give haunted tours. The Terror Behind the Walls tour at Eastern State Penitentiary is a Halloween-season favorite in Philly, and one of the most famous haunted tours in America.

Center City District Restaurant Week

Every early fall and winter, Philadelphia’s Center City District holds Restaurant Week. A range of popular, upscale, high end Philadelphia restaurants across Center City participate. Each restaurant offers a prix fixe three-course menu for $35 a person, and some restaurants also offer a prix fixe three-course lunch menu for only $20 a person. Philadelphians eat at their favorite restaurants or those they haven’t had a chance to try for a reduced, fixed price.

Philadelphia OutFest

OutFest, a celebration of the National Coming Out Day Festival, returns to Philly this fall. Philadelphia OutFest is the largest celebration of its kind, taking over Philadelphia’s Gayborhood. This block party spans over 10 blocks, and features drag shows, bar specials, food, music, shopping, games, and live music at a main stage. In 2019, Philly OutFest is scheduled for Sunday, October 13th.

Philadelphia Film Festival

The Philadelphia Film Festival is back in 2019 for its 28th year. This festival lasts for 10 days, and features both local and foreign independent films, from short films to feature-length films and even animated movies. The films are shown across various venues in theatres across Philadelphia.

Head of the Schuylkill Regatta

The Head of the Schuylkill Regatta is one of the most famous Regattas in the country, attracting rowers ranging from amateur level to Olympic rowing teams. This year will be the 49th year of the Regatta, which brings in both rowers and spectators. Spectators can watch the Head of the Schuylkill Regatta on either side of the Schuylkill River, either on Kelly Ave or Martin Luther King Drive.

Philadelphia Marathon

The Philadelphia Marathon is the last big event of the fall, as runners gather to journey on 26 miles of exercise. The race goes through Old City, the Philadelphia Museum of Art area, and along Boathouse Row. This exciting race will attract runners from the Philadelphia area and even from around the country. Smaller races take place during the same weekend in November.

What is Philadelphia Famous For?

Thu, 12 Sep 2019 20:13:00 GMT

Philadelphia is one of the largest cities in the United States, home to many historical sites and the signing of the Declaration of Independence. Philadelphia houses citizens of a wide range of cultures, beliefs, and lifestyles, and the city is known for its diverse population. While Philadelphia may be home to endless stories, it is well known for a few key facts. Learn what Philadelphia is most famous for, and how the rest of the country and the world knows the City of Brotherly Love!

Philadelphia Historical Sites

One of the things Philly is most famous for is its rich history! Philadelphia was where the Declaration of Independence was signed, and it served as the unofficial first capital of the United States during the Revolutionary War against Great Britain. The Liberty Bell resides in Philadelphia, along with the Betsy Ross House, the National Constitution Center, the Museum of the American Revolution, and many more historical landmarks and museums. Many tourists and educational tours come to Philadelphia for its major role in American history.

Philly Cheesesteaks

The Philly cheesesteak is one of the city’s biggest claims to fame. Across the country, restaurants offer a “Philly cheesesteak”, but anyone from Philadelphia will tell you that you can’t get an authentic one outside of the city. Philly cheesesteaks are known for their thinly sliced meat, top-tier Philadelphia-made bread, cheese, and the option for your sandwich “ wit or witout ” fried onions. Cheesesteak shops all over Philly contend for the “Best Cheesesteak” title, but the most famous contenders include Pat’s Steaks, Geno’s, Dalessandro’s, and Jim’s Steaks.

Philadelphia Sports Fans

Some will call them violent, others call them passionate. Philadelphia sports fans get a bad reputation around the world for a few unseemly episodes. All the way back in 1968, Eagles fans famously pelted snowballs at the halftime show Santa. In 1999, when J.D. Drew refused to sign with the Phillies, the fans threw Duracell batteries at him during his next appearance in the city. Philadelphia sports fans have had a few other incidents involving booing players, cheering for injuries, and fighting. Despite some bad incidents, the stigma against Philly sports fans is mostly blown out of proportion.

Philadelphia Murals

The city of Philadelphia is a mecca for art, and one shining example is the Philadelphia Mural Arts project. Philly has over 2000 outdoor murals adorning the walls of the city. It has been called the “Mural Capital of the US”. The restoration initiative by Mural Arts Philadelphia is the nation’s largest public art initiative, creating anywhere from 60 to 100 new public arts projects each year.

Philadelphia Fast Facts

Philadelphia is famous for so many things, so we’ll give you a few more fun facts about Philly:

Philadelphia is a city of firsts: it is home to the nation’s first zoo, the first daily newspaper, the first hospital, and the first medical school.

Philadelphia’s Walnut Street Theatre is the oldest continuously running English-speaking theatre in not just the country, but the whole world.

Philadelphia is home to the most Impressionist paintings in the country, second only to Paris world-wide.

Philadelphia’s Italian Market is the world’s oldest and largest outdoor market, and has remained the same for over 100 years.

Reasons To Live in Philadelphia

Wed, 04 Sep 2019 20:08:00 GMT

Philadelphia is one of the biggest American cities – it is the fifth largest in population size, and for good reason. Living in Philadelphia has plenty of perks, whether you’re a history buff coming to the city for its rich history, a student taking advantage of the top-tier universities, festivals and events or you’re just looking for a fun place to live.

Philly gets a bad reputation sometimes for its rowdy sports fans, but Philadelphians are incredibly proud of their home. Check out the top reasons to live in Philadelphia before you plan your move!

Affordability

Philadelphia isn’t the most affordable city in America by a long shot, but when you consider all the benefits, resources, and possibilities in the city, it’s surprising that the cost of living isn’t higher. Compared to similar cities like New York, Boston, Washington D.C., or Chicago, Philadelphia is a very affordable option. If you’re looking for the benefits of a major city with a reduced cost, Philly is the city for you.

Green Space

Philadelphia offers the allure of a big city without feeling like you’re trapped in a concrete jungle. Philly is home to various parks, from one-block treasures like Rittenhouse Square to expansive, forested areas like Fairmount Park . Smaller sanctuaries like Rittenhouse or Washington Square are situated throughout the city. Just outside of the city, there are ample suburban parks, hiking trails, and National Parks to visit if you need some time away from the urban sprawl.

Top-Tier Universities

Philadelphia is home to plenty of top-rated colleges and universities. The University of Pennsylvania , an Ivy League school, is situated directly in Philadelphia. St. Joseph’s University and Temple University are found in Philly, along with Jefferson University, Drexel University, La Salle, and many more. Philly is known as a great city for higher education. While there are ample educational opportunities, the city is far from a college town, and it is not overrun by rowdy college students. Philly is also known for its medical schools, and some stats suggest that 1 in 6 doctors in the United States are trained in Philadelphia.

Philadelphia Food

Philadelphia is a great town for foodies, with ample exciting and innovative eats across the city. One obvious claim to fame is the Philly cheesesteak, which restaurants across the country try to mimic. Aside from stereotypical Philadelphia foods like cheesesteaks, pretzels, and water ice, the city is home to great restaurants, all-star chefs, and more. Many upscale restaurants run by famous chefs are scattered throughout Philadelphia. There are also abundant hole in the wall places for great food at a reasonable price.

Living in Philadelphia

Living in Philadelphia is exciting for its residents, and it could be for you too! Aside from the cost of living, greenery, education, and food, there are endless other reasons to live in Philadelphia. The City of Brotherly Love has no shortage of culture, entertainment, and fun to be had.

What are the Duties of a Property Manager?

Tue, 27 Aug 2019 17:36:00 GMT

Landlords often turn to property managers to help them handle their rental properties. Property managers have experience dealing with rent, tenants, maintenance, and more, so they are great assets for landlords that are in over their heads. If you’re new to real estate, you may wonder what a property manager actually does.

Property Manager Duties

Rent Management

One of the most basic duties for property managers is handling rent. It is their duty to set a fair rent, based on the local market and similar properties in the area. Rent may also need to be adjusted year-by-year based on inflation, home value, and the real estate market.

Aside from setting rent prices, property managers typically collect rent each month. Today, most property management companies have online portals for paying rent, although some may operate by physical checks still. Property managers set clear due dates for rent and enforce late fees to ensure timely payments.

Tenant Management

It is also the duty of the property manager to find, screen, and handle tenants. Property management companies help to market their properties and fill vacancies. They have the right experience and know how to screen tenants, from criminal background checks to credit and income checks. A property manager can handle leases, collect security deposits, and deal with tenant move-in and move-out dates and procedures.

Property Maintenance

Property managers also handle tenants when it comes to their maintenance requests and other complaints. It is their duty to receive and respond to maintenance issues in a timely manner, handling any repairs. Most property management companies have maintenance staff for upkeep of their various properties, although they may also outsource maintenance to contractors.

Legal Responsibilities

A good property manager should be well-versed in state and federal landlord-tenant law . They must ensure that properties comply with rental and housing laws and regulations. Their legal role also comes into play when executing leases. Property managers take on evictions and landlord-tenant disputes over termination of a lease. They also often help landlords understand and file taxes on their investment property.

Record Keeping

Finally, property managers keep detailed and thorough records for the properties they are in charge of. They manage budgets for their services as well as for any repairs or costs to the building itself. Property management companies should keep records of income and expenses, inspections, repairs, insurance , all legal documents including leases, and rent payments. Keeping all of this information together is important for both the landlord, tenants, and the property manager themselves in case any issues arise with the property.

What Else Does a Property Manager Do?

Some property managers take on more responsibilities, like clearing sidewalks or offering preventative maintenance. The details of their duties should be spelled out in a contract with their landlords or investors, as well as in the lease for tenants to understand their services.

6 Skills You Need to Succeed in Property Management

Mon, 19 Aug 2019 17:35:00 GMT

Working as a property manager can be a great, lucrative job in real estate. Whether you’re looking to work for an established property management company or you want to start on your own, there are certain skills that all property managers need. The duties of a property manager include rent management, tenant management, maintenance, legal duties, and more, so you may have to wear many hats as a comprehensive property manager. Hone these skills to become a successful property manager.

Property Management Skills

Organization

It is vital that property managers stay organized. Managing leases, rent payments, expenses, maintenance, budgets, and much more can be a handful even for one property. When managing multiple properties across multiple locations, all of that paperwork is multiplied. On top of that, some property managers help with property acquisition, sales, taxes, and more.

Managing every aspect of a property means taking on a host of responsibilities, so it’s important to keep everything organized. The best property management companies have fine-tuned systems to keep them organized.

Communication

Property managers act as a liaison of sorts between tenants and property owners or investors. It is extremely important to keep clear and open lines of communication between both parties so that everyone is on the same page. If a tenant has a question about a lease, the property manager must convey that question to the landlord to work out an answer and get back to the tenant in a timely manner. Keeping constant communication is the key to happy tenants and property owners.

Attentive Customer Service

Along with communication, property managers should provide stellar customer service all around. Staying attentive to both tenant and investor needs will help prevent any complaints and keep both parties happy. If you promise a 48 hour response to maintenance requests, stay true to that promise.

While you may not be available to answer questions every hour of the day, try to respond within 24 or 48 hours to show that you value customer satisfaction. A tenant portal can be helpful for providing answers to frequently asked questions, as well as create an organized system for handling questions and requests in a timely manner.

Legal Knowledge

You certainly don’t have to be a lawyer to be a good property manager, but you should have some knowledge of tenant-landlord law and rental and housing laws in your area. Stay up to date on any changes in the requirements for property managers, landlords, and regulations like building codes. If any issues come up, it’s helpful to have some background knowledge. While most businesses may also have a lawyer for serious cases, knowing the basics of property law can help ensure that your properties, tenants, and landlords comply with any relevant legal requirements.

Budgeting Experience

Property management companies may have an accountant on-staff to handle company budgeting, but some basic budgeting skills never hurt when it comes to property management. Property managers have to set, adjust, and collect the rent, so keeping a detailed budget can help you stay on top of rental charges. Budgeting is also important when it comes to repairs and maintenance fees. Every business needs budgeting, but this skill is especially important for property management.

Firmness and Flexibility

As we mentioned, communication is vital, but it’s also important to communicate the right way. Property managers should always be respectful, of course, but there are times when they will need to be firm and other times where they can allow some flexibility. When it comes to rent payments or tenant issues, a firm hand may be needed. The rent has to get paid, and tenants defaulting on rent may need warnings or eventually eviction notices.

On the other hand, some flexibility may be allowed for certain cases. Rent is serious, but if a good tenant has never been late before and needs a few extra days, it’s okay to be reasonably flexible. Learning this balance is a skill that experienced property managers must learn over time.

How To Become a Property Manager

Wed, 14 Aug 2019 17:30:00 GMT

Are you interested in a career in property management ? Working as a property manager can be an interesting and lucrative job, but the path to this career may not be clear. Since there aren’t property management degrees from colleges, what steps should one take to pursue this career path? Learn how to become a property manager and the experience it takes to become successful in this field.

What Degree Do You Need To Be a Property Manager?

Technically, you do not need a college degree to be a property manager. You can work at a property management company with as little as a high school degree, although many prefer hiring candidates with a bachelor’s degree or higher. If you’re interested in becoming a property manager after college, consider majoring in business administration, real estate, or another business, finance, accounting, or administrative major.

Do You Need a License to Become a Property Manager?

The answer varies state by state, but generally speaking, yes, you will need a license to be a property manager. Most states require property managers to hold either a property management license or real estate license to legally handle documents and transactions relating to leases, rent payments, eviction, and more.

A license is necessary so that property managers can show that they have a certain degree of knowledge about landlord-tenant law and property management practices. Research the property management licensing requirements for your state to figure out how to get licensed and what requirements you must meet.

What Specialized Property Management Certifications Can I Pursue?

While you must comply with state laws in terms of licensing, there are other specialized certifications for property management that you can pursue as well. Most certifications are not legally necessary, but they can help you land a job at a property management company or convey a sense of legitimacy. Obtaining special certifications can open up new opportunities if you’re looking for a job. If you own, or plan to own your own property management company, extra certifications will show potential clients that you are professional and committed to learning the ins and outs of your industry.

Some certifications you should consider pursuing include a CPM, Certified Property Manager certification, an RMP, Residential Management Professional certification, a CMCA, Certified Manager of Community Associations , or a CAM, Certified Apartment Manager . These certifications show your commitment to continued learning in your field, and while they are not necessary to become a property manager, they can be beneficial.

How Do I Get Started in Property Management?

If you’ve pursued a relevant degree, received the proper licensing, and even obtained other certifications for property management, you are well on your way. Breaking into any field can be difficult, however, and property management is no different.

Begin like you would for any job search: apply for entry level positions if you have little or no experience. For an entry level position, you likely won’t need licensing yet. You can also kickstart your career by starting in real estate. Many property managers begin as real estate agents, so if you have your license you can get experience and learn more about the industry by working as a real estate broker.

Property management is a great field for those with an interest and the right skills. Learn more about property management on our blog!

Do I Need a License to Rent My House?

Wed, 07 Aug 2019 17:23:00 GMT

If you’ve recently moved, you may be interested in keeping your former home and renting it out for profit. Maybe you’ve made a recent real estate purchase and are looking to make improvements and profit off of tenants. Will you need a license to rent your home? In short, yes, you will probably need a license, although laws vary by state. Learn more about how to rent out your home.

Landlord Licenses

In most states, you will need some type of license to legally rent out your home. It varies state by state and even city by city, so research real estate and rental laws in your area. In some states, collecting rent without a license is illegal, and could result in serious fines, so it’s important to check first. You will likely need either a rental license, business license, landlord license, or a combination.

Building Permits and Inspections

You will probably have to contact your local municipality to change the status of your home and inform them that it will become a rental property. In most locations, you have to file a building permit with the local authorities. A government inspector will come out to perform a routine inspection to ensure that the home is suitable for occupancy. You may have to make certain changes to correct any violations that the inspector finds.

Landlord Insurance

Insurance is another consideration – you’ll have to change or add to your insurance policy, from homeowner’s insurance to renter’s insurance. Rental insurance will very likely be pricier than homeowner’s insurance, so you should be prepared for that cost.

Renting Out Your House: Tax Implications

There are tax implications that you will need to consider when converting your home from your place of residence to a rental property. Tax codes can be complicated, so you may want to speak to your accountant for help navigating the process and to learn how to correctly file your taxes. You will have to report your income as a landlord as taxable income.

There are also tax deductions you can file as a landlord. Since your home is now a business of sorts, you can file for deductions on costs like repairs and maintenance, mortgage interest, property taxes, insurance, homeowner association fees, and utilities. Under most tax code, you cannot file deductions greater than the total sum of rent received that year, although there are exceptions.

Managing Your Property

Profiting off of your former home by renting it out is an attractive concept, but actually managing tenants , rent payments, maintenance, and more can be a handful. If you have a full-time job outside of this, it can be difficult to manage all of the responsibilities of a landlord.

Hiring a property management company can take that weight off of your shoulders. With a property manager , you can still profit off of your property without having to worry about managing tenants, collecting rent, and the many legal aspects of renting your home. If you’re looking for a property manager, contact Property Management Group today.

Best Neighborhoods to Live in Philadelphia

Tue, 12 Mar 2019 15:53:00 GMT

The City of Brotherly Love has experienced a huge amount of growth in the last few years, with up and coming neighborhoods freshly populated with hip bars, coffee shops, and much more. If you’re looking to move to Philadelphia or looking for a new neighborhood to call home, these five locales are top-rated for walkability and easy commutes, restaurants, nightlife, safety, and access to various businesses, activities, and more.

Bella Vista

South Philadelphia neighborhood Bella Vista is a favorite among residents and visitors to the area. Home to Philly’s Italian Market, Bella Vista has no shortage of restaurants and eateries. This South Philly neighborhood encompasses three parks (Bardascino Park, Cianfrani Park, and Hawthorne Park) and a stretch of the popular tourist and shopping destination, South Street.

Bella Vista is a safe urban neighborhood known for great restaurants, coffee shops, and nightlife. The cost of living in Bella Vista is affordable compared to more affluent Center City areas. Both affordability and charm make this neighborhood a popular choice among young professionals, with an easy commute to Center City by bus or Broad Street Line. A low crime rate also makes this diverse neighborhood a great choice for families.

Washington Square West

Washington Square West is located in Center City, but with open spaces like Washington Square Park the urban is balanced with spacious green areas. The neighborhood surrounding the park is known for beautiful old brownstone buildings, hip restaurants, boutiques, and small businesses. Washington Square West also has a thriving nightlife scene, with abundant trendy bars and some of Philly’s most popular clubs.

Washington Square West has historically served as a home to Philadelphia’s LGBTQ+ community, but this neighborhood is diverse and welcoming to all. Its location in Center City offers a short commute to the rest of the city, with access to various bus routes, the Broad Street Line, and the Market-Frankford Line. Still, many residential blocks keep Washington Square West from feeling too urban, making this one of the favorite neighborhoods to live in Center City Philadelphia .

Old City

Old City is Philadelphia’s most historic neighborhood, containing historical landmarks including the Liberty Bell, Independence Hall, and the Betsy Ross House. Situated on the Delaware River and neighboring Center City East, Old City’s charm lies in its history, cobblestone streets, and tiny brick alleyways. If you’re not a history buff, Old City is also full of restaurants, bars, boutiques, and more, many of which are located on 2nd Street.

Old City is a short walk from Center City, with ample public transit options as well, including multiple bus routes and the Market-Frankford Line. This neighborhood is also home to Penn’s Landing, a popular destination for seasonal festivities, concerts, and a waterfront park. Old City is one of Philadelphia’s most family-friendly neighborhoods, with a great combination of urban living and old-world charm.

Manayunk

Manayunk rests on the Western edge of Philadelphia, west of Fairmount Park along the Schuylkill River. This hilly neighborhood is named after a Lenape Native American word meaning “where we go to drink” which was a reference to the river in olden times. The name is fitting, however, as Manayunk is known for its many bars and restaurants that make up a bustling happy hour and nightlife scene.

Popular for its small-town feel in a big city, Manayunk is home to many small businesses, specialty shops, boutiques, and galleries. You’ll have to drive 20 minutes or take a Regional Rail line to get into the city proper, but there’s plenty to keep you occupied in Manayunk itself. While there is not a college directly located in Manayunk, many college students, post-grads, and young professionals flock to this neighborhood.

Fishtown

Fishtown is Philly’s cool, hipster neighborhood. Formerly an industrial fishing hub, many old warehouses and industrial spaces have been converted into trendy bars and lofts. Gentrification has led to an influx of young people living in new condos and renovated row homes. Fishtown is known for its art and music scene, and the vibrant neighborhood attracts some of Philly’s best artists.

Fishtown hugs the Delaware River, but various bus routes and access to the Market-Frankford Line makes commuting to the rest of the city an easy feat. This up and coming neighborhood is full of activities, from trendy bars (often featuring live music) to dog parks to concert venues, casinos, and more.

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