Following Five Seasons Property Management; Burlington, Vermont's Premier Property Managers

Five Common Mistakes Made When Screening Rental Applicants

System - Monday, January 7, 2019

Have you been struggling to find good, high quality, rent paying tenants for your rental property? Here are some common mistakes landlords make while screening applicants.

1. Only requiring one application per group
2. Not running credit, background, and eviction checks on all applicants and co-signers
3. Permitting low quality references; friends, parents, and significant others are not going to provide you with honest, helpful tenant references. The two best and most important references are from employers and previous landlords.
4. Ignoring why the applicant is moving
5. Failing to verify applicant’s income and employment

Burlington, Vermont Landlords, if you are making any of these mistakes or if finding great tenants is a challenge, it is time to call Five Seasons Property Management at (844) Season5 or (844) 732-7665.

Looking Back on 2018

System - Monday, December 31, 2018

Happy New Year! Five Seasons Property Management had a successful 2018, and we cannot wait for 2019. 

In 2018, we expanded our portfolio in Burlington, VT and in surrounding towns. Through developing new relationships with clients, vendors, and local professionals, Five Seasons has continued to provide tenants and property owners with top-of-the-line property management and leasing services. This past year, we moved offices. Our new, larger, more convenient location has helped to foster our company's growth. Additionally, it has also allowed us to work side-by-side with one of Burlington's most accomplished architects and developers. To support Five Seasons' growth, we switched leasing softwares, in 2018. Through this change, the company has been able to utilize a software that is tailor-made to Five Seasons, so it is able to keep-up with our growing portfolio.



Three Steps to Purchasing an Investment Property in Chittenden County

System - Monday, December 10, 2018

Three Steps to Purchasing an Investment Property
in
Chittenden County


Real estate is one of the greatest investments one can make, and Chittenden County is the perfect place for it. Five Seasons Property Management and our friends at The Hart Team at Keller Williams Vermont want to provide you with some steps to follow to help you make one of the best investments of your life.

  1. Determine your budget; how much can you afford to invest in a downpayment on a property?
  2. Meet with The Hart Team at Keller Williams Vermont to discuss your investment options and work with them to find the perfect investment property.
    • At your meeting, The Hart Team at Keller Williams Vermont will help you find the perfect property in your budget. Here are some things to consider before your meeting.
      • What neighborhood are you looking to purchase a property in? Remember that purchasing a rental property is also an investment in the community.
      • Are you interested in purchasing a single family home, a condominium, a townhome, or a multi-unit building? Check out our blog post, Choosing Between a Multi-Family and Single Family Investment, to learn about the differences between multi-family and single family investment properties.
  3. After you go under contract on your investment property, with The Hart Team at Keller Williams Vermont, contact Five Seasons Property Management. We will attend the property inspection and go over the income and expense costs with you. Our mission is to help you yield the highest ROI possible, while providing great service to the tenants, and keeping your property well maintained.


For More Information about investing in real estate contact Five Seasons Property Management and The Hart Team at Keller Williams Vermont today.

Five Seasons Property Management                 The Hart Team at Keller Williams Vermont
19 Marble Ave                                                         68 Randall St
Burlington, VT 05401                                           South Burlington, VT 05403
www.fiveseasonspropertymanagement.com   www.harthomesvt.com
(844) 732-7665                                                      (802) 488-3498

Five Seasons Property Management's Five Favorite Things To Do in Burlington, Vermont

System - Monday, December 3, 2018

Looking for some fun activities in Burlington? Here are 5 of Five Seasons Property Management’s favorite things to do in Burlington, Vermont.

1. Shop and Eat at the Burlington Farmers’ Market
2. Visit the Historical Ethan Allen Homestead
3. Learn About Local Farming on Vermont Farm Tours
4. Go Apple Picking
5. Enjoy the Lake and Mountains on a Lake Champlain Ferry

Signs You Need a Property Manager

System - Monday, November 26, 2018

Signs You Need a Property Manager

– You have a high vacancy rate

– You are struggling to find good quality tenants to pay market rent for your unit

– You have a high volume of tenant complaints

– Managing rent payments, tenant communication, and maintenance has become a hassle

– Your maintenance expenses are increasing

– You do not receive routine inspections

– You are unable to manage your property in the event of an emergency or be on-call 24/7

If you can relate to any of these, be sure to give Five Seasons Property Management a call and let us manage your Burlington, Vermont rental.
(844) 732-7665 or
 (844) Season5

Happy Birthday Five Seasons Property Management

System - Monday, November 19, 2018

Three years ago, longtime friends and multi-family property owners and contractors, Seth and Grant, sat down and talked about how they could transform their seven years of combined experience and passion for real estate investment into a career, marking the creation of Five Seasons Property Management. What began as a few personally owned duplexes quickly morphed into a premier leasing and property management company with over 150 rental units in Burlington, South Burlington, Essex, Essex Junction, Jericho, Williston, Winooski, and Charlotte. In these three years we have formed long-lasting relationships with local vendors, real estate agents, property owners, and tenants. We are so thankful to everyone who has helped contribute to our growth, and we look forward to three more years of serving Chittenden County real estate investors and tenants.

Frequently Asked Questions About Real Estate Investment

System - Monday, November 12, 2018

We searched the internet for questions about real estate investment and here are some frequently asked questions we found. 

Q: About how long will it take for me to see a guaranteed return on my investment?
A: Depending on the market, what type of property you buy, how much you purchase the property for, and local rental rates,  you are looking at about ten years before you start to generate large returns on your property.

Q: Can I invest in a property if I live abroad?
A: Real estate is a great investment, regardless of where you live. If you plan on renting out your investment property, make sure you hire a local property management company, like Five Seasons, to oversee your investment. Also, be sure that you meet all of the US’s requirements.

Q: How do I determine if a property listed online is going to be a good investment?
A: Make sure to look at the cap rate. Higher cap rates yield higher returns. Don’t forget to use the 1% rule to calculate the return on investment based on rental rates.

Advantages of Investing in Student Apartments

System - Monday, November 5, 2018

College students play an integral role in Downtown Burlington's rental market, and they often make great tenants. 

Here are some reasons why college student rentals are a great investment: 

  • Students often sign one-year leases, and they frequently renew their leases. 
  • Vacancies are less common.
  • There is always a demand for student rentals near colleges and universities.
  • Rents are influenced by dorm rates and the surrounding market.
  • Most student rentals require co-signers, which provide an additional layer of security when it comes to rent getting paid on time and in full.

For more information on how to make a secure, rewarding investment in this market, contact us today. 

Amenities: A Great Way to Boost ROI

System - Monday, October 29, 2018

As a landlord you always want to increase your ROI, while providing your tenants with a positive rental experience. One of the easiest ways to do this is through providing amenities, such as parking, vanities, dishwashers, and coin-op laundry. This is a great way to attract better tenants and charge higher rents. We recommend considering these questions when determining whether or not to add an amenity.

  • Are you already receiving top market rent for your unit, without this amenity? 
  • Are you having trouble attracting perspective tenants? 
  • Would this amenity boost the value of your unit?
  • How long will it take for this amenity to boost an ROI that will pay for its addition/provision?

For more information about how amenities can impact your ROI, check out this article in the National Real Estate Investor. 

What Do You Love About Five Seasons Property Management?

System - Monday, October 22, 2018

Why does our leasing agent, Grace, love Five Seasons?

“Five Seasons places an unrivaled emphasis on the tenant experience. We know that many of our tenants are first time, student rentals, and it is important to us that we provide them with a safe, affordable tenant experience. Additionally, Five Seasons always goes the extra mile to maintain properties, while consistently providing lucrative investment management services.”


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