Author: Jennifer Marston

Property owners often hear about property management companies and wonder what they are, in so much as how they benefit a property owner. There are many misconceptions regarding how property managers work and their responsibilities, as well as what sort of properties property management companies can be hired to maintain.

Let’s go over the ins and outs of property management and find out if it’s a Service you can benefit from.

What is Property Management? 

Property management means hiring a third party as a property manager to oversee the daily responsibilities of residential, commercial, or industrial properties. Generally, the property manager will ensure the day-to-day repairs, maintenance, and upkeep are taken care of and is usually tasked with caring for investment properties. 

What are the Property Manager’s Responsibilities?

The essence of property management is being delegated work that the owner or developer has no time to handle. These responsibilities can range from handling tenants to ensuring the property is properly maintained, specifically, a property manager’s job can include:

• Screening potential tenants
• Signing, drafting and renewing leases 
• Collecting rent from tenants
• Arranging for repairs for the property
• Creating and adhering to property maintenance budgets
• Preparing vacant units
• Advertising the rental property
• Handling lease agreements with tenants
• Rent adjustments
• Supervising property employees
• Handling evictions and move-out processes
• Handling tax for the property
• Ensuring property compliance with the law
• Property record keeping

While this list isn’t exhaustive, it gives a good and rounded impression of what type of responsibilities you can expect property managers to take on. 

Types of Property Management

There are four types of properties that property managers are likely to work and care for:

Residential Real Estate Property

Residential properties can fall to a property management firm usually when it’s a rental space and can include:

• Single-family homes
• Multi-family homes
• Townhouses
• Apartment buildings
• Manufactured homes
• REO properties
• Vacation rentals

Commercial Property

Commercial property is commonly associated with property management companies and can include a wide range of spaces, including:

• Co-working spaces rented by the day or hour, commonly used by freelancers and contractors
• office properties, such as doctor’s offices or large buildings with multiple offices and levels
• Retail properties, such as malls, restaurants, gas stations, and big-box stores
• Accommodation properties, such as hotels, motels, and resorts. 

Industrial Properties

An industrial property often has more responsibilities for the property managers than the other categories due to the nature of the work performed in these spaces, such as bidding for vendors and compliance with industry codes. Some of the types of properties that fall under property management companies’ purview include:

• Distribution facilities
• Warehouses
• Food packaging plants
• Automative plants
• Steel mills

Special-Use Properties

Special use, or special purpose property, means a property that is designed for a specific use and often translates to property managers needing specific skills to successfully manage them. A special-purpose property includes:

• Schools
• Colleges and universities
• Places of worship
• Resorts
• Sports arenas
• Theaters
• Senior care centers and facilities

Benefits of Having Property Management 

No matter the type of real estate property you own, there are a host of benefits to hiring a property management company, including:

Screening out problem tenants: likely the biggest headache for any real estate owner. Due to a property manager’s experience, they have the insight to see red flags and spot good qualities in a potential tenant, making the screening process more efficient and having better quality tenants long-term.

Decreasing turnover: piggybacking off the first advantage, lower turnover means stable property income and happy tenants. 
Avoiding legal issues: an experience property manager knows the housing and landlord-tenant laws: being able to navigate them while having good relationships with lawyers who specialize in these types of disputes. Some companies will also take care of fees associated with evictions or property damage issues.

Saving money on maintenance and repair: Like being connected with lawyers, an experienced real estate property manager usually works with a maintenance company that due to their professional relationship can benefit from discounted work without losing on quality. They can also stay ahead of repairs by having the time for regular inspections, reducing emergency repair costs.

Property Management For You

Now that you understand what property management is and the common responsibilities they have, along with what type of real estate they handle; do you think you’d benefit from hiring such a company?

Here at Goodale & Barbieri, we do just this. As one of the largest developers, property managers, and a leading real estate firm, we understand what to look for with tenants and the nuances of managing a property. Since 1937 we’ve handled properties of all sorts and currently over 4 million square feet of commercial property. Discover more about working with experienced experts by following the link below.
    

Goodale & Barbieri

The Hidden Impact of Roof Colors on Your Home’s Lifespan

Choosing the right roof color is more than a cosmetic decision; it’s crucial for the longevity and efficiency of your home. Let’s delve into how different colors can transform your roof’s performance and boost its lifespan. For more details on selecting the perfect roof color, -.

Boosting Energy Efficiency with Reflective Colors

1. Lighter Roofs for Hot Climates: Lighter shades, such as whites and specific grays, reflect UV rays. This reflective property reduces heat absorption, keeping your home cooler and lowering cooling costs. Roof color longevity benefits from reduced thermal stress.
2. Darker Roofs for Cooler Climates: Dark colors like blacks and browns absorb heat. This retention is beneficial in colder regions, potentially reducing heating costs and contributing to roof color longevity by preventing freeze-thaw damage.

Popular Roof Colors: Enhancing Functionality and Aesthetics

Different roof colors offer unique benefits:

• Light Browns and Beiges: Ideal for warmer climates due to their reflective properties.
• Dark Browns and Blacks: Excellent for colder areas, as they retain heat.
• Blues and Greens: These trendy shades are gaining popularity for their unique aesthetic appeal while still offering energy efficiency.

Timeless Elegance: Choosing Roof Colors That Last

Roof color longevity is not just about functionality but also about timeless appeal. Here’s how to ensure your roof remains stylish and durable:

To understand how roof color impacts energy efficiency, -.

2024 Roof Color Trends: What’s Hot

Stay ahead of the curve with these trending colors:

1. Warm Earthy Browns: From sand to autumn hues, these colors offer a natural look that blends with various landscapes.
2. Sophisticated Off-Whites: Shades like beige and stone provide a classic, elegant appearance.
3. Vibrant Blues and Greens: These colors, such as denim and forest green, add a bold touch to modern homes.

Increasing Resale Value with Strategic Color Choices

The color of your roof can significantly impact your home’s resale value:

• Aesthetic Appeal: Choose colors that enhance your home’s architectural style. Roof color longevity plays a role in maintaining this appeal over time.
• Functionality: Opt for colors that provide practical benefits, such as energy efficiency and durability.

Practical Tips for Maximizing Roof Color Longevity

Climate Considerations: Match Your Roof to Your Environment

Consider these factors to ensure your roof color supports longevity:

• Hot Climates: Light colors like white or beige are best for reflecting sunlight and keeping your home cool.
• Cold Climates: Dark colors such as black or brown help retain heat and reduce heating costs.

If you’re considering a roof upgrade, -.

Harmonizing with Architectural Style

Your home’s style should influence your roof color choice:

• Mediterranean Homes: Red roofs complement the warm, earthy tones.
• Colonial Designs: Grays and blacks suit these classic structures.

For expert insights into boosting your home’s curb appeal, -.

FAQs: Answering Your Roof Color Longevity Questions

Q: What roof colors are best for extending the lifespan of my home? 

A: Light colors like beige or white reflect sunlight and minimize heat absorption, reducing cooling costs. Dark colors like black can retain warmth during cooler periods, enhancing roof color longevity.

Q: How does roof color impact energy efficiency and reflectivity? 

A: Lighter colors reflect sunlight, minimizing heat absorption and reducing the need for air conditioning. Darker colors absorb heat and can retain warmth, lowering heating costs and contributing to roof color longevity.

Q: What are the popular roof colors that offer long-term benefits? 

A: Colors such as light and dark browns, blues, greens, and off-whites are popular. These shades not only enhance aesthetics but also improve energy efficiency and roof color longevity.

Q: What are timeless aesthetics when choosing my roof color? 

A: Timeless shades like beige, taupe, black, and gray remain appealing over time and suit various architectural styles, ensuring roof color longevity.

Q: What are the roof color trends for 2024? 

A: Trending colors include warm earthy browns, off-whites, and vibrant blues and greens. These choices reflect a blend of traditional and modern preferences, promoting roof color longevity.

Q: How can I choose the best roof colors for resale value? 

A: Harmonize your roof color with your home’s siding and architectural style. Favorites like beige, tan, black, and gray safeguard against outdated looks, ensuring roof color longevity.

Q: How can I balance aesthetics and functionality when choosing roof colors? 

A: Consider your home’s style, regional climate, and potential resale value. Select a color that offers both visual appeal and practical benefits, enhancing roof color longevity.

Q: What are ideal color combinations for my siding and roof? 

A: Classic contrasts like beige or white siding with a dark roof are effective. Red roofs complement Mediterranean homes, while grays and blacks suit Colonial designs, ensuring roof color longevity.

Q: Why is roof color longevity important for my home? 

A: Roof color longevity ensures your home remains aesthetically pleasing, energy-efficients, and durable, reducing maintenance costs and increasing market value.

In conclusion, choosing the right roof color involves balancing aesthetics, energy efficiency, and climate considerations. Timeless shades and trendy hues both play a role in enhancing roof color longevity, making your home stylish and sustainable for years to come.