Friday, April 29, 2016

The Background, Features, and Rental of Whitman Park Apartments

Paul Kerley, a real estate professional serving Salem, Oregon, leads Commercial Property Resources, Inc., and Kerley Properties, LLC. Among the properties owned by Paul Kerley are the Whitman Park Apartments, situated at 1873-1901 Highway Avenue NE, Salem, Oregon 97301.

The Whitman Park Apartments sold for $4.35 million cash, with financing from the Hunt Mortgage Group. Bradley Willson of the Marcus & Millichap Capital Corporation served as the mortgage broker, and Anita Risberg from Salem advised on the transaction.

The two-story, multifamily property contains 92 units. Floor plans begin at 788 square feet and reach a size of 1,096 square feet. One- and three-bedroom units make up approximately a fourth of the apartments. The majority are two-bedroom homes. Each unit features wood flooring, and some offer carpet. A dishwasher and a washer-dryer hookup is included, as well as amenities such as wood-burning fireplaces and a community pool.

Tenants must pay a deposit upon signing a lease. Going forward, they are responsible for paying rent monthly. Pets are admissible as long as they do not display aggressive behavior. A pet deposit and rent is required for each.

Thursday, April 21, 2016

The Marketing and Advertising Responsibilities of a Property Manager

Having acquired numerous properties over the span of three decades, Salem, Oregon, real estate investor Paul Kerley possesses a wealth of experience in commercial property management. Paul Kerley oversees the management of approximately 1,000 residential units he owns in and around Salem, Oregon, and elsewhere.

A proficient property manager is key to the success of a real estate investment in a multifamily property. His or her primary task is to ensure that rental units do not go unoccupied, and he or she has a responsibility to market and advertise vacancies promptly. The property manager must first prepare the apartments for showing by coordinating the efforts of the maintenance staff, who not only clean open units but also maintain the exterior to increase curb appeal. In addition, a property manager collaborates with realtors and leasing agents to communicate the availability of a unit and creates collateral material, ranging from signs to print ads, to garner interest from prospective tenants.

In the same capacity, a property manager makes him- or herself available to address questions as needed. To reduce the number of calls he or she has to take regarding common questions, the manager may set up a recorded, 24-hour hotline that provides details about the property.

Wednesday, April 13, 2016

Three Tips for Improving Time-Management Skills

The owner of Commercial Property Resources, Inc., in Salem, Oregon, Paul Kerley also leads Kerley Properties, LLC. Through both companies, Paul Kerley manages a number of residential properties in and around Salem, Oregon.

Time management is an important skill when overseeing multiple properties or managing several tasks simultaneously. The following tips may enhance your efficiency.

Complete one task at a time.
Despite your desire to multitask, focus on one item at a time. According to the website, concentrating on one task with the intent to finish it makes you work more efficiently. You are also less likely to make errors that would normally occur when switching between tasks.

Create a list.
A list helps you understand what needs to be done to keep your properties operational. A good practice is to write out what tasks need daily attention. Ideally, this is completed in the morning, so you can refer to it throughout the day. Arrange your list based on priorities, such as managing maintenance first thing and then following up with simpler administrative tasks, such as returning phone calls. If possible, group similar items together to maximize time and effort.

Limit interruptions.
A drawn-out conversation with a coworker or time spent handling a personal matter can derail a day’s worth of work. Create an environment that minimizes interruptions. Keeping your office door closed, for instance, will reduce opportunities for conversation, thus giving you time to focus on your work.