• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Twitter
  • YouTube

Owner Login | Tenant Login | Get a quote: 323-255-9400 ext. 4

Los Angeles Property Management Group logo

Los Angeles Property Management Group

Property management in Los Angeles & the Valley, done right.

  • Residential
    • Services Provided
    • Single Family Residence
    • Luxury Property Management
    • Tenant Selection
    • Maintenance
    • Video Marketing Your Property
    • On-Site Managers
    • Agent Referral Program
  • Commercial
    • Services Provided
    • Maintenance
    • Agent Referral Program
  • Why Choose LAPMG
    • Mission Statement
    • Recent Reviews
    • Awards and Recognition
    • Why May 12th Matters
    • True Property Management Horror Stories
    • Video Resources
  • Articles
    • David Crown in Forbes
    • Q & A with CEO David Crown
    • LAPMG Talks
    • Case Studies
    • FAQ
    • Featured Article of the Month
    • Featured Elsewhere
    • Industry Blog
  • Areas Served
    • Burbank
    • Culver City
    • Glendale
    • Hawthorne
    • Inglewood
    • Los Angeles
    • North Hollywood
    • Pasadena
    • San Fernando Valley
    • Santa Monica
    • Sherman Oaks
    • Studio City
    • West Hollywood
  • Contact
    • Our Team
    • Portal Logins
    • Prospective Tenants
    • Employee of the Month
    • Careers
    • Privacy Policy

7 Ways To Be a Frugal Landlord or Property Manager

June 8, 2018

7 Ways To Be a Frugal Landlord or Property Manager

7 Ways To Be a Frugal Landlord or Property Manager

One of qualities of a good property manager or landlord in Burbank is the ability to spend less while keeping the property in a top-notch condition. If you want to make profit consistently, you will need to learn how to keep your property in excellent condition while being frugal with your spending. A frugal landlord or property manager knows when to spend and how to spend in such a way to keep the property in excellent condition while still keeping his profit high.

If you are looking for a way to be a frugal landlord or property manager, this article will teach you various ways you can limit spending and increase your profit.

  1. Buy Bargain Appliances

You can generally get good appliances in bargain prices if you look hard enough. There are several ways you can buy bargain appliances. One of the most popular ways is to look at websites such as Craigslist. You can get amazing deals if you search well. Alternatively, you can shop at big box stores and take advantage of their incentive. You can also be able to buy some of the appliances you need at gigantic discount. If you take out time to do a research, you will certainly find where you can buy appliances at a bargain price.

  1. Buy Paint on Sale

Repainting your property is a good way to give it cheap upgrade and make it look attractive to prospective tenants. As a frugal landlord or property manager, you can easily achieve this by buying paints on sale. In some cases, you can be able to get paint for over half off. However, you need to be vigilant enough to catch it when it goes on sale.

Some landlords will even increase their rent after upgrading their property with paints they bought on sale.

  1. Add an Area Rug

Unfortunately, most new landlords have no idea they can buy an area rug at a very affordable price from a home improvement retailer. You can use an area rug to cover up a stain or crack in the flooring and avoid the high cost of re-doing your flooring again. It is a great way to save money as a frugal landlord or property manager.

  1. Paint the Bathtub

Most times, you will need to change the bathtub after a tenant packs away. If you don’t have the money to effect this change, you can always improvise by painting the bathtub. However, you need to bear in mind that this always doesn’t work. You need to have a backup plan before undergoing this route.

  1. Trim the Shrubs

You can give your potential tenants a great impression of your property by keeping the shrubs well-trimmed and also by cleaning up your property. Your prospective landlord may assume that you don’t always clean the outside of your rental property if the shrubs look unkempt and the outside of the property is not cleaned.

  1. Replace the Front Door

You can make a great first impression with a good-looking front door. In most cases, you will never get a second chance at first impression. Avoid showing a property with a crack old door, no tenant will like that. In fact, some prospect tenants might even refuse to go inside when they see such old doors. You can improve the look of your property just by adding new front door.

  1. Clean and Maintain Your Rental Property

As a frugal landlord or property manager, a great way to keep your property in good condition and reduce the money you spend on repairs is by keeping the property cleaned and well-maintained. You can save a lot of money on repairs when you constantly clean your property. Make sure you maintain your appliances before they break down. This will save you a lot of money.

Filed Under: Commercial Properties, Latest News, Property Management Education, Residential Properties Tagged With: property management burbank

Primary Sidebar

    PROPERTY OWNERS: CONTACT US FOR A FAST FREE QUOTE

    (This space is not for tenant contact)








    Loading...

    Footer

    Award-winning management means:

    Best property management in Los Angeles - Our Awards

    • Maximum profits.
    • Responsive service.
    • Vacancies filled quickly.
    • Accurate understandable monthly reports.

    Proud Members of:

    AAGLA AOACA AIR Commercial Real Estate Association Member BOMA 2022 Member of Forbes Real Estate Council

    Contact Information

    
    

    YouTube LAPMG   Facebook LAPMG   Twitter LAPMG

    Los Angeles Property Management Group
    10960 Ventura Boulevard Second Floor
    Los Angeles, CA 91604
    Phone: 323-255-9400
    Contact Us

    Los Angeles Property Management Group is registered with the California Bureau of Real Estate License #01931033.
    Kyle Crown License #01936385
    David Crown License #01157354

    © 2023 Los Angeles Property Management Group · Privacy Policy
    10960 Ventura Boulevard Second Floor, Los Angeles, CA 91604 · Phone: (323) 255-9400
    LAPMG is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone and applying the relevant accessibility standards. If you have any issues, please contact dcrown@lapmg.com.