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.

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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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Sage Management LLC - Property Maintenance Boosts Lease Renewal Rates

Sage Management LLC believes that every tenant should access reliable and safe amenities and utility services. The Maryland-based property management firm has worked tirelessly to ensure that every property it manages has a dependable maintenance team ready to sort out any property issue before it turns away prospective tenants.

It’s imperative that landlords and property managers understand the importance of having a good maintenance team. The services provided by such a team are very important to residents than perks such as more parking space or parties. Indeed, when it comes to lease renewal, tenants might be more inclined to keep living in a particular area if they know maintenance is not overlooked by management.

As a property manager, you can consider the following tips to ensure that your maintenance efforts play a critical role in the lease renewal process.

Identify common maintenance issues

Together with your maintenance crew, assess the 10 most common issues encountered by the community. For each issue, identify a troubleshooting tip the crew can suggest to the tenant to help them resolve it faster.

Follow up

Ensure that every maintenance request is followed up on, whether in person, via phone or email. As the property manager, ask residents whether everything was done to their expectation, and whether there’s more you can do.

Open communication lines

Foster constant communication between the property management team and the maintenance providers. As Sage Management LLC knows, the better the lines of communication, the more comfortable both teams will be working with each other.

Sage Management, LLC - Supporting Your Community

Sage Management, LLC is a property management company that acquires and renovates apartment complexes in Baltimore, MD. The Sage team is dedicated to providing affordable housing to those in need and also to improving the communities in which they work through their renovation efforts. For example, the Sage group purchased a run-down apartment complex that was uninhabitable, invested over $4 million to renovations and then relaunched it. The property went from being a crime hotspot to being one of the nicer areas in the community thanks to the efforts of the Sage group. The Sage group also worked with local law enforcement to install elements that would reduce crime in the area. Though not everyone can help their community in the ways that the Sage group helps Maryland communities, anyone can make an effort to improve their area.

One way to help your community is to take a weekly garbage pick-up walk. Grab a trash bag and a pair of gloves, and then go out on a walk around your neighborhood to clean up the area. If you don't have time for a weekly walk, though, you can support your community by shopping at locally-owned stores instead of big-name corporations. Another way to improve your community is to place a few potted flowers on your front steps. Plants will improve how your home looks and, as a result, improve the appearance of the community. They might even inspire your neighbors to put out a few plants of their own. These basic steps can get anyone on the path to supporting their community – even if all you can do is put out some flowers, helping is what matters. You can also donate to local charities, which is another step that Sage Management, LLC takes to help benefit Maryland communities.
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Sage Management, LLC - Settling Into Your New Home

After you've signed a lease with a responsible property manager like Sage Management, LLC, you're ready to settle in and start making memories. Unpacking boxes and hauling furniture can be overwhelming, but there are several things outside of unpacking that you'll need to handle to settle in completely. Take time off of unpacking each day to handle these simple tasks and when you're done, you'll be ready to relax:

• Change your address. You don't want to miss important mail just because you've been busy, so head to the local post office or log onto the USPS website and fill out their change of address form. Also, contact any financial companies to notify them that you have moved.
• Set up your utility bill. Nothing cramps your style quite like getting a shut-off notice for your utilities because you forgot to set up the bill. This happens more than you would think and it can be avoided with a simple phone call to each utility company.
• Check your home's safety. Double check the unit's carbon monoxide and smoke detectors to ensure that they're working properly, make sure your fire extinguisher isn't expired and do routine checks on any other safety devices.
• Get to know the area. Take a walk, bicycle ride or drive around your new area and familiarize yourself with important locations like gas stations, grocery stores, banks, the post office and the nearest hospital.

If you have problems with any of these steps, don't hesitate to ask your apartment manager for assistance. Friendly companies like Sage Management, LLC will happily help you get settled in any way that they can.
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Sage Management, LLC - Small Things to Look for in an Apartment

Sage Management, LLC has dedicated much of their efforts to acquiring and restoring apartment complexes and townhomes from a state of disrepair back to a condition where they can be an asset to their respective communities. They have restored completely unlivable apartments, built new units and more in efforts to help benefit communities and tenants. To further this benefit, the Sage team makes sure that the housing units that they rent out are affordable and staffed by people who follow fair housing laws strictly. Just as the Sage team makes educated decisions on the properties that they acquire and renovate, new tenants should make educated decisions when they rent an apartment. Wherever you live, whoever you're renting from, go over the small things to make sure that you enjoy your next home.

 

One of the small things that can make a big difference in your happiness at a new home is cell phone reception. Make sure that your cell phone can make and receive calls from the unit you're looking to rent. This isn't so much a matter of convenience as it is security – if you can't place a call from within your home, you might one day be in an emergency and be unable to call for help. Other small things include checking the water pressure for both hot and cold water and bringing a socket tester to check the apartment's outlets. Working electricity and water are basic needs that your new home should be able to fill. Good property managers like Sage Management, LLC want their tenants to be happy and to make lasting memories in their new homes – most places worth renting will be able to fulfill these basic needs.

Sage Management, LLC - Repairing During Renovation

When companies like Sage Management, LLC handle large-scale renovations, they are faced with many choices between repairing an element of a property and replacing it. Though in extreme cases, replacement is the only valid option, replacing everything is pricey, time-consuming and impractical. In addition to saving money, repairing instead of replacing can maintain some of a building's charm and make it more appealing to potential renters or buyers. If, for example, a property has original timber floors, restoring them is often preferable to tearing them up and replacing them with carpet or linoleum.

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The decision to repair instead of replace during renovation should be an educated one that is fueled by intelligent thinking instead of impulse. For example, though original windows might add a certain charm to a home, good-quality replacements can reduce noise, prevent condensation and provide better heat retention. On the other hand, if the windows offer adequate heat retention and noise reduction is not an issue, repair might be an option. Old windows with metal or wooden frames often have a build-up of paint, failing latches, rust or cracked glass. A contractor can repair these issues without replacing the entire window, thus saving money.

Similarly, if a property has sturdy, original doors that are caked with years of paint can be sandblasted or dipped to remove the buildup. The cost to restore doors to their previous appearance is often cheaper than purchasing quality replacements. Use your best judgment when deciding whether to replace or repair and remember that every property is different. Sage Management, LLC, for example, sometimes makes the choice to maintain as much of an original structure as possible and, in other cases, they replace almost everything to achieve the desired effect.