There are many factors to consider when looking for rental property to invest in and then manage. Here are some frequently asked questions from people who are just starting out on their journeys. Even if you have a rental property or an idea about what you want to do, it is worth it to take…

Tenant turnover is an automatic cash flow killer. All of the administrative and advertising costs and the maintenance work to get the unit rent-ready, not to mention the lack of rent checks during vacancies, take a huge hit to your profit margins. Experienced Xepco Property Management has some tips to help you keep a full…

With the new season now underway, many property owners in Palm Springs find themselves thinking about renovating their rental properties as a means to attract new tenants or to keep the current tenants happier. We joined with other Palm Springs property management companies to compile a list of smaller renovations that go a long way…

Lead poisoning has become a more common occurrence across the nation, especially in young children. The EPA has found that a main source of this poisoning is lead based paint. Lead based paint is found primarily in homes built prior to 1978, when the federal government banned the use of lead based paint. What can…

Xepco Property Management Answer: “The Tenant” Though this answer may surprise many of you out there, once the tenant becomes a customer of the satellite company, the dish or antenna becomes their property. Because of this rule, it would then become their responsibility to remove it upon move out, and fix any damage left behind…

Protect Yourself and Your California Rental Property Vacancy in your Palm Springs rental property is an emergency. A vacant property bleeds cash in the form of lost rent and utility costs that could be passed on to the resident. Landlords know this and they feel the acute pain when the mortgage payment is due, but…

How To Find The Right Palm Springs Property Management Company for You You own rental property – what an exciting investment! Now you have decided to hire a property manager to help protect your investment and ensure it brings you the greatest possible returns. Rental properties are worth hundreds of thousands of dollars, so deciding…

Owning rental property can be an exciting investment, and doing the job of managing your own property requires more than just putting up the “For Rent” sign. Let’s consider what property managers in Palm Springs need to actually do to professionally manage their properties. Once you find out, maybe you won’t want to hire yourself…

Rental property management in Palm Springs is a complex job. Rental property brings its own bag of financial risk to its owner. You also have to consider being available to tenants anytime there is a need. People are unpredictable, and all of your tenants will have their own unique situations. We don’t like to think…

There is more to managing rental property than just putting a “For Rent” sign on the front of your unit and collecting rent immediately. Here are some tips from Xepco Property Management to help ensure you rent to good tenants and have fewer vacancy days, which means that those rent checks will keep coming in…

To help Palm Springs property investors know what is really happening with their properties, regular inspections of your property scheduled with professionally trained inspectors (which can be quite costly) or a review by a property management professional can save you money down the road. If you are only reviewing your property when a tenant moves…

Property management in Palm Springs simply means dealing with people and things. People have unpredictable lives and things can break. New property owners do not always realize that managing property and houses is also managing relationships. Thinking of the individual while making management decisions can make a difference in how you respond to situations. Understanding…

The old adage of “location, location, location” still stands today when it comes to rental properties. There are a lot of ways you can go wrong with the location, even in ways that you can’t imagine. When selecting a good rental property, Xepco Property Management in Palm Springs advise sizing up a few key aspects…

Preventative maintenance beats reactive maintenance any day of the week. Small, consistent investments in maintaining the quality of your property will save you time and money not only in the short term, but also in the long run. You can avoid the headaches surrounding unexpected fixes by following this summer maintenance guide from Xepco Property…

As a residential rental property owner, your goal is to add to your cash flow by increasing revenue and decreasing expenses. Often Palm Springs property owners feel that by allowing their tenants to have pets in their rental units, the property value will decrease and maintenance costs will increase so your cash flow is ultimately…

Even though your tenants rely on you to ensure the maintenance of the properties they are renting on a daily basis that does not mean that you never get another vacation from your 24/7 job. A bit of careful planning will ensure that you get the vacation you want while you tenants continue to get…

When tenants feel liked their safety and security is a priority to their Palm Springs’s Xepco Property Management, they just may decide to stay a little longer in their new rental homes. One of the biggest problems that many tenants face is not feeling safe during a certain time of the year. Safety issues can…

Communication is Key: Tips on Effective Landlord-Tenant Communication Good communication is essential for any Palm Springs rental property business. Open and direct communication between tenants and landlords will ensure a successful relationship that translates to long-term tenants and an open relationship. Establishing great communication is important from the start, even when someone is still a…

Renting is becoming more and more popular, especially for millennials, or those between the ages of 18 and 35. Recently, a thousand renters in this age bracket were surveyed to find out why renting is the lifestyle of choice for them. Understanding the minds of these renters can help Palm Springs property managers attract these…

There is nothing like losing a tenant to kill your cash flow. Advertising, and maintenance work to get a unit rent-ready, plus showing costs are a few of the many hits your wallet will take when you have tenant turnover. That doesn’t even factor in the lack of rent checks during vacancy days. Xepco Property…

Conducting Background Checks The key to finding responsible and reliable long-term tenants is selecting the right tenant from the onset. Adequate screening up front will help you eliminate potential short-term renters or long-term headaches. Xepco Property Management can guide you through screenings to find the best fit for your property while also keeping in mind…

Keeping clients happy is key to the success of any business. Think of your renters as an unofficial business partner; their continued happiness means consistent income for you. There are various reasons a renter might leave your unit and not all of them are bad. Xepco Property Management does everything within its power to eliminate…

When you own rental property, your goal comes down to the amount of rent you collect. It would be nice if you were always paid the rent on time and the check cleared without problems. However, that rarely occurs 100% of the time. Even with careful tenant screening, your tenants can run into unexpected financial…

Xepco Property Management is the Palm Springs property management company that knows the leasing cycle from rent-ready to lease renewal. An important first step in that cycle is having your property rent-ready. Understanding what it means to have your property ready to show and move in can significantly reduce the number of vacancy days your…

Vacancies mean profit losses. Long vacancies are also not good for maintaining a property. Understanding how to fill empty properties faster will help maintain a steady cash flow and actually help to maintain your property. Here are a few tips to get you started in the right direction. Rent-Ready Ensuring your property is ready to…

Vacancies mean profit losses. Long vacancies are also not good for maintaining a property. Understanding how to fill empty properties faster will help maintain a steady cash flow and actually help to maintain your property. Here are a few tips to get you started in the right direction. Rent-Ready Ensuring your property is ready to…

It’s the time of year where love is in the air. How can that love make your Palm Springs property investment business become more profitable? Profit comes when you make prospective tenants fall in love with the rental properties you have to offer! A good Palm Springs property manager knows that finding the perfect tenant…

According to a recent study by John Burns Consulting, student loan debt has had an extreme impact on home sales. The consulting company estimates that 8% of all home sales will not take place this year due to buyers being weighed down with student loan payments. This issue is estimated to cost the housing market…

When you are looking to find a great Palm Springs Property Management company, you want to find someone who will offer you the exact services you need at a price you can afford. It’s important to look at all of your options, and Xepco Property Management is the clear leader! Obtain Referrals from the Company…

As a newbie to the rental property business, you may be nervous about making that first purchase of your investment property home. Do you know what things to consider to attract renters? If you have ever rented a home yourself, then you have experience in what home renters are looking for. Most homes are renting…

Have you ever rented a home that you that you ended up hating? Maybe the home was old and had plumbing problems. Maybe you had a landlord that was not responsive to maintenance issues. Maybe it seemed like things were always broken or breaking. Any of these situations are not ideal and can leave tenants…

Purchasing a rental property is like going to college; whether or not you decide to go to college affects many aspects of your life: what kind of job you get, where you live, and what kind of car you drive. It can even affect decisions about who you date. (Or who wants to date you!)…

While in the rental property purchasing phase, your priorities are location, location, location. But after acquiring a property and renting it out, your focus is all about planning, planning, planning. As one of the largest property management companies in Palm Springs, we recommend the following plans: Plan on maintenance costs. It’s a fact of running…

When a marital relationship is in a state of disrepair, oftentimes the couple will seek out marriage counseling to get their relationship back on track. As a property owner, when your cash flow is in disrepair due to maintenance costs, how is your relationship with Palm Springs property management? Is there hope for you to…

Dealing with evictions is an unfortunate part of doing business in the Palm Springs investment property industry. Even though the tenant may perfectly qualify as a good tenant on paper initially, things change, and eviction can become necessary. This typically does not reflect on the homeowner’s ability to be a landlord; however, regardless of who…

Are you an investor or rental property owner who is worried about the future of your rentals? The good news is: you shouldn’t be. According to the Census Bureau, homeownership rates were reported at 63% at the end of 2015, which is a 20 year low for Americans, and even dropped a point from last…

In today’s complex world of Palm Springs property management, investment property owners are experiencing increased tenant and regulatory demands as well as the challenge of incorporate modern technology into your management routines. Most property management companies offer essentially the same services, but the trick is to go “behind the scenes” to see how they can…

Nextdoor is one of the newest social networking services for residents to discover their communities. They recently conducted a survey on the state of the American neighborhood and studied how the simple act of getting to know your neighbors makes your community safer. Palm Springs property managers should encourage tenants to befriend their neighbors and…

When doing something that means the potential to gain or lose money, it’s nice to get good advice and solid opinions from others who are doing the same thing. Real estate investing is that kind of money venture that benefits from dialog between like-minded people. It is always good to learn about what other local…

As the millennial generation is changing the way America looks at renting by being a generation of renters, Palm Springs property managers ask, “What do Millennials really want in a rental property?” J Turner Research recently surveyed this generation of renters to find the answer to that question. What Influences Millennial Rental Decisions? When asked…

Rental Statistics Report Released Shows Rent, Vacancy, and Saturation Rates All on the Rise Palm Springs – Desert Cities real estate investors can breathe a sigh of relief as recent rental statistics report shows rent, vacancy, and saturation rates are all on the rise. This report of detailed market data provides unprecedented opportunities for investors…

The trending preference of renting over buying is good news for the Palm Springs investment property owner. In fact, the National Association of Realtors estimates 5 million new households of renters to emerge in the next ten years. The eruption of new rental households is mainly due to the decision of millennials to put off…

Regular inspections take a bit of your time, but they are well worth it as they protect both the Palm Springs property investors and the tenants of your homes. A one-time inspection is insufficient to provide you with consistent updates on the status of your property, to have the well-documented communication needed to ensure expectations…

It’s no secret that Palm Springs property management can be overwhelming for some, especially if you are doing it on your own. When Palm Springs investment property owners are starting out, often the first management task to be overlooked is regular inspections of the property. By placing this on the back burner, you are doing…

Landlords Who Allow Pets Are Likely to See 20-30% More in Rent Than Those Who Do Not Palm Springs- Those in Palm Springs who own investment property may be overlooking a way to increase their profitability by not adding pet-friendly units to their investment portfolios. A nationwide study conducted by FIREPAW, a non-profit organization dedicated…

Palm Springs property management can tell you that one sign of a good tenant is one who consistently pays the rent on time. A good tenant respects the rental property and follows the terms outlined in the lease. A good tenant just can make life a lot easier and property management in Palm Springs. Palm…

Palm Springs Property Managers Continue to Study Barriers to Home Buying for Millennials Palms Springs- Millennials choosing to rent rather than buy is hardly news, but a new study was released that not only finds the reasons why this generation is hesitant to buy, but breaks out the answers into categories that are specific to…

We all love summer. The picnics, the BBQs, pool time, family reunions, and home improvement projects are just part of what makes the season fun. Along with the home improvement projects on your own home, rental property owners in Palm Springs need to remember to perform preventative maintenance on their rental properties as well. Palm…

As the cooler weather approaches, it’s time to perform some property maintenance to ensure your investment property is as prepared for the change in weather as you are. Your Palm Springs property management team has a few tips to help you through this seasonal maintenance.   Seasonal Maintenance Tips from the Leading Palm Springs Property…

7 WAYS TO COMMUNICATE BETTER WITH YOUR TENANTS.   They say that you can’t over-communicate with someone. In the case of rental tenants, it’s perhaps even more true. So whether by email, phone, or carrier pigeon, staying in contact with your tenants makes everything else with managing your rental unit easier. Here are 7 communication…

WHAT YOU NEED TO KNOW ABOUT MULTI-FAMILY VS. SINGLE-FAMILY RENTAL PROPERTIES BUT WERE AFRAID TO ASK   For a new real estate investor, the question of whether to buy a Multi-Family Residence (MFR) or a Single Family Residence (SFR) can be a tough question. Like most things in life, there are pros and cons to…

There are several recurring rumors regarding rental repairs in Palm Springs and many misinformed myths misconstruing maintenance matters. While the need to perform maintenance and repairs on rental property is inevitable, they do not have to be nightmares. So let’s clear up some of the most common rental property maintenance myths: Rental Property Maintenance Myth…

Our journey has taken us from determining market rent, to ensuring our rental property is “rent ready” and will attract the best renters, to advertising our rental property for rent, to processing rental applications to choosing the right quality and qualified resident for our home. Let us now look at what the process of moving…

Finding the right tenant in Palm Springs is the most important step in renting out your home. Many landlords are lured by someone who presents themselves well and have a wad of cash ready to move in to your “beautiful home” and treat like their own, many times boasting about what great rental history, references,…

You have gone through the “legal” legwork and have our home “make ready” so now it is time to get a renter in the home. To do this, you will need to decide how much your rental property is going to rent for, as well as where and how you are going to advertise the…

So you have decided to make some extra money by renting out your home in Palm Springs area. Before making the leap, there are a few things you need to consider. Did you know that most states have Landlord/Tenant laws that can affect what you can and cannot do within the rental relationship? How about…

Lead poisoning has been in the news lately. Whether you own an older home or live by an industry that has lead involved in a process, the effects of lead poisoning on communities is real. Xepco Property Management is concerned about the safety and health of tenants and takes the possibility of lead poisoning seriously.…

Though hoarding has been a hidden disorder for several years, in 2013, the American Psychiatric Association officially recognized hoarding as a mental disorder making hoarders a protected class. If you are renting to a hoarder and receive complaints from other neighbors or have concerns yourself, the situation needs to be handled carefully so that you…

For investors, real estate over the last 50 years has usually been a safe bet. While it has had its ups and downs, for most investors, real estate is something that can be counted on. However, with the rise of more investors comes a similar set of DIY property owners. The downside of these DIY…

As a newbie to the rental property business, you may be nervous about making that first purchase of your investment property home. Do you know what things to consider to attract renters? If you have ever rented a home yourself, then you have experience in what home renters are looking for. Most homes are renting…

Developing innovative and affordable management solutions for property owners in the Palm Springs area has always been our prime focus at Xepco Property Management. Today, we are excited today to announce yet a new tool in our aim to be the best property management group in all of Southern California. Introducing our brand new website,…