Sage Management LLC - The Don’ts of Rehabbing A Property

Sage Management LLC specializes in rehabbing dilapidated and forgotten properties in an effort to make them an asset to the local community again. This means the company needs to understand all of the work that must be done in order to bring the property up to standard and, just as importantly, the things that need to be avoided.

 

Don’t Treat It Like Your Own Home
Remember that the property is a business investment, rather than a house that you will be looking to move into yourself, so every decision that you make needs to fit into your plans for the property. While this doesn’t mean always going for the cheaper option when furnishing the property, you should at least have a budget in mind that you will not exceed.

Don’t Cut Corners
Being cost-effective in your work does not mean that you should cut corners. If you fail to address all of the issues that the building has, bringing it to market with a number of problems in the process, you may end up putting the safety of your tenants at risk. In the worst case scenarios this can lead to injury of a tenant and legal proceedings.

Don’t Neglect It
Once you have purchased a property that you intend to rehab, it is important that you stake your claim on it and make sure that everybody knows that the building is now under ownership. Sage Management LLC has found that if you fail to do this, you may find that the vandalism that often affects such properties continues, which can hamper your rehabbing efforts.
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Sage Management LLC - Key Qualities A Good Property Manager Must Possess

Sage Management LLC has grown from a small company into one of the most successful property management firms in Baltimore due, in part, to its dedication to bringing in the right people for the job. Property management is not easy at the best of times and if a person is going to be successful in the industry they must have all of the following traits.

 

Organized
There will be a large amount of paperwork that is involved with any property transaction, so it is vital that you are able to organize your work day and dedicate the time that you need to conduct admin work as appropriate. If you are unable to keep all of your work in order, you will soon find that things start slipping and your management of a property falls below par.

Communication Skills
During the course of your career you will be called upon to communicate with a wide range of people. You need to be able to relay instructions to contractors when building or refurbishing a property, in addition to offer excellent levels of customer service to the tenants of your buildings. If your communication skills aren’t up to par, you may find that people don’t take you seriously and your authority begins to wane.

Attention To Detail
A large part of your role is going to relate to assessing properties to determine whether or not they make for viable investments. The team at Sage Management LLC also need to be capable of spotting issues, no matter how small, that will need to be fixed in order to bring the properties under their control up to the correct standard.
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Sage Management LLC - Secrets of Successful Property Management Companies

Over the course of its history, Sage Management LLC has seen impressive growth since it was founded in 2004. The company now maintains a large portfolio of properties that it is refurbishing or managing, none of which would be possible if its management team were not aware of these secrets to success that all property management companies must follow.


Invest In Employees
Your employees are going to be one of the most valuable assets that you have from the moment your company starts operating, so it is crucial that you invest in them in any way that you can. Make sure that they undergo comprehensive training, as your employees will be the face of your business to the majority of your tenants. If they can’t deliver, it will reflect poorly on the company as a whole.

Choose Good Software
Property management comes hand in hand with reams of paperwork that will need to be filled out and filed correctly. If you try to do this manually, you will soon find that your company begins to struggle, especially as your portfolio grows. As such, you need to invest in good project management software early on, training everybody in its use and establishing the admin side of the business so that you can improve efficiency.

Know Your Market
Before you purchase any property, it is vital that you understand the market that you will need to appeal to so that you can advertise it appropriately. The team at Sage Management LLC always creates a comprehensive report for each property, taking into account the requirements of the people in the area where it is located and what needs to be done in order to ensure those demands are met.

Sage Management LLC - Tips For Reducing Stress

As the owner of Sage Management LLC, Gil Horwitz often finds that he has to deal with stressful situations, particularly given the fact that the company maintains a portfolio of more than 900 properties that need to be properly managed on a daily basis. Without taking the proper steps, this stress could prove to be costly in terms of his long term help, so he uses the following techniques to help reduce the pressure.

Sage Management LLC

Switch Off From Work

If you work hard during the course of your day, it can often be difficult to switch your mind into relaxation mode when you return home. However, by establishing a routine when you walk through the door, such as changing your clothes and taking a shower, you will be better able to transition into relaxation mode.

Talk To People

There will be times that the stresses of work threaten to get on top of you, which means you need an outlet that you can communicate your worries to. By talking to somebody about the stresses you’re dealing with, you will not only experience a much-needed feeling of catharsis, but you may also find some perspective on the issue.

Schedule Your Day

If you don’t have any idea what you intend to accomplish during the course of your day, you will simply end up stressing yourself out as you try to take on tasks as they come. Companies like Sage Management LLC produce a lot of paperwork that can get on top of people who are not organized, but by setting time aside for each task you will find that you work more efficiently and don’t let the job get on top of you.

Sage Management LLC - Use Location-Based Marketing to Your Advantage

The growth of mobile technology is shaking up the way businesses are marketing services and products to customers. Product managers shouldn’t be left behind, as use of location-based marketing can draw in prospective tenants at the click of a button.

Sage Management LLC is a property management company that has operated in Baltimore and Washington DC since 2004. The company typically purchases broken down community apartment blocks and renovates them. During the renovation process, the company also considers the various marketing options available to them. Thanks to mobile advertising, the professionals at Sage Management LLC are able to connect with consumers who are constantly tuned to their mobile devices.

How does location-based marketing work?

Using mobile technology, marketers can target users by their geography. It is more indirect that other traditional marketing strategies, and is innovative to appeal to modern tech-savvy consumers. Through mobile apps such as Waze, Apple Maps Connect, and Google Maps, businesses can put their businesses on the map, literally, to reach communities that use these apps. Business that advertise with these apps can have their locations show whenever users pass by or search for nearby locations.
For property managers, inputting their company details such as website, email, phone number, unit price range, and more into these apps makes it easier for prospective residents to gain access. When prospective residents are searching for an apartment, they use mobile devices to navigate. When they see the company icon as they drive around, they can get more information about the deals and property features a particular location offers.
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Sage Management LLC - Holiday Safety Tips for Apartment Residents

When the holiday season approaches, decorating the home is among the visible things residents do to get in the festive spirit. While decorations help to add to the cheer, they also bring a safety risk to residents. Apartment communities and their tenants can benefit from following the tips provided by Sage Management LLC, a property management firm that owns and manages over 900 units in Baltimore and Washington DC.

Christmas trees

• Keep the tree outdoor with the trunk covered in snow or immersed in water until you it’s time to decorate it.
• When deciding where to place the tree, have it at least three to five feet away from any heat source.
• Cut off a 1 to 2-inch diagonal at the bottom of the trunk to provide the tree with a new cut to absorb water, which helps it stay fresh.
• Don’t keep a dried tree in your home as it is flammable.

Holiday lights

• Don’t mix and match holiday lights. Let outdoor lights be kept outside, and indoor lights installed inside.
• Always read through manufacturer’s instructions when installing lights and electrical decorations.
• Inspect all new and used light strings before installing. Don’t use any that appear worn out or damaged.
• Before you leave the house or go to bed, unplug all lights and decorations inside and outside the home.
• Three sets of lights are the maximum an extension cord can have connected to it.

Candles

• Always use stable candle holders for all candles used.
• Keep any lit candles away from the Christmas tree, flammable objects, and children’s reach.

Sage Management LLC - Taking Green Initiatives to Community Residences

There is no question that the call for sustainability grown louder and calls upon every individual to take active steps towards environmental preservation. As a property management company for over a decade, Sage Management LLC has seen the property industry take significant steps to provide eco-friendly residences to tenants, much to the satisfaction of a growing number of renters who wish to do more for the environment. In fact, a growing number of residents are considering an apartment community’s green practices when it comes to making a lease decision.

Young renters, in particular, may be more aware of the need to limit the use of natural resources, and might be more inclined to make an impact in their lives and the environment. For property managers like Sage Management LLC, this has meant taking into considerations green living practices such as implementing solar lighting projects, installing low flow toilets, water cost reduction, and establishing online portals to reduce use of paper.

The property management sector exists at a time where new building codes and regulations call for better waste management and reduction policies. Property managers have to realize that incorporating green initiatives starts with easy, cost effective actions that conserve the environment and make the community an attractive place for residents. Cutting the utility bills for water and electricity consumption figure to rank high for many property managers. However, sustainability efforts shouldn’t stop there, as there many improvements that can be made to make the local environment a much better place.
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