Nexus Property Management

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Nexus Property Management
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Nexus is exclusively focused on property management and assisting real estate investors to acquire investment properties. Our unique approach, systems, and efficiencies are derived from years of experience, managing hundreds of units. While most real estate companies who offer property management are primarily brokerages with the main focus being sales, Nexus routinely turns down opportunities that may spread resources to other areas and dilute our standard of service. We manage the property, and that is all we do. Nexus Property Management® has a singular focus to be the industry-leading property management company nationwide. Nexus has recently been approved to franchise nationwide and has multiple franchise locations in progress. Please visit our franchise page for more details. 

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49 North Union St Pawtucket, RI 02860
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161 Posts
10 Fire Safety Violations You Need To Take Care Of
Carbon monoxide detectors are mandatory in basements and near laundry and with combo alarms (CO and smoke) so affordable, it makes sense to have these throughout all units. Carbon Monoxide is colorless and odorless and there’s no defense other than detecting it. If there was a vacancy, that tenant is also your responsibility to make sure there are no trees or vines around. Scrape it or power wash it and add a new coat of black paint. Peeling Paint. It’ll last for decades.
Why You Should Think Twice Before Offering Rental Units To Family Or Friends
As a landlord it might seem like renting to someone you already know and trust is the path of least resistance. But as smart investors we know that short term wins aren’t worth long term problems. If you have a quality space at an appropriate price, you’ll attract a good tenant that have no A National Property Management Franchise that manages all types of rental property from single family homes or condos to large apartment buildings and complexes. There are no shortcuts to success. There is no one we’re... more
What To Do When Tenants' Enjoyment Puts You At A Legal Risk

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SHOULD YOU ALLOW TENANTS TO HAVE RECREATIONAL ITEMS ON YOUR PROPERTY? 

When summer comes around it gets hot and we’re all looking for some relief. As rental property owners, we can sympathize with tenants who are trying to beat the heat, but what should you do

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Rents Have Skyrocketed...Are Landlords The Bad Guys?

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RENT IS ‘UNAFFORDABLE’...WHO’S TO BLAME? 

Rent prices have never been higher and it’s caused a lot of buzz across the media this summer. There is no doubt that landlords across the country have elevated their rent prices, but are they the ones to blame? Possibly because it’s coupled

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Signs The Real Estate Market Might Be Improving In Rhode Island
The days where most buyers were priced out of real estate investment may be coming to an end soon enough. Housing prices skyrocketed because demand was super high and supply was very low. To offset that, demand either has to decrease or supply has to increase. The Federal Reserve increases interest rates, making it more costly to borrow money and therefore more difficult to afford a mortgage. Simultaneously. To decrease their own risk. The banks ask for larger down payments.
The Winning Approach For Rental Property Countertops

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THE BEST TYPE OF COUNTERTOP FOR YOUR RENTAL PROPERTY 

You’re a property owner and you need to replace counter space in your rental property. Are you gonna get the cheap stuff from Lowe’s? The expensive stuff from Home Depot? With so many options out there, where

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How To Effectively Grow Your Business Online
Facebook is the most popular social network in the world with almost 3 billion monthly users and over 240 million in the U.S. alone who are on social media for upwards of 2 hours a day. Facebook has no content of its own. If you want your business to get discovered, Facebook is not going to expose you to new clients. The key is to avoid getting sucked into the well of consumption and instead become a producer. Producing content. Produce content that can be consumed well beyond social media. The trick is to be..... more
Current Policy Makes It Harder To Evict In Rhode Island
ACTION NEEDED: R.I. LANDLORDS SHOULD BE ABLE TO RECOUP EVICTION COSTS AGAIN COVID RELATED ADJUSTMENT OUTDATED AND CREATING COSTLY IMBALANCE HOW WE GOT WHERE WE ARE Does it seem all that long ago that the Covid outbreak spread to the U.S. and interrupted our lives? As early as January 1, 2020 it was confirmed that the disease was spread from person to person and soon after governments across the globe were left to figure out how to keep people away from large gatherings without destroying their economy. Along... more
Facebook and Business Opportunities

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IS FACEBOOK USEFUL FOR GROWING YOUR BUSINESS ONLINE?  

Facebook is the most popular social network in the world with over 2.9 billion monthly users and over 240 million in the U.S. alone. But is Facebook an effective tool that can strengthen your business? Well…it

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Where Real Estate Investment Works Best
So how do you find value that others want regardless of market trends? Nexus Property Management® has the answer and franchise opportunities for anyone who wants to join a winning team. Nexus' beginnings in Pawtucket, Rhode Island, the birthplace of the American Industrial Revolution, have provided the seeds for maximum success and value in any and all similar mill cities or other places with rich industrial pasts. WHAT IS THE NEXUS MODEL? The Nexus model is predicated on the idea of creating win-win-win relationships... more
How To Further Strengthen Your Real Estate Investment Abilities

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WHAT ARE YOUR STRENGTHS AND WEAKNESSES AS A REAL ESTATE INVESTOR? 

HOW PROPERTY MANAGERS HELP BRIDGE YOUR GAPS 

Businesses are always assessing their internal strengths and weaknesses and making organizational decisions accordingly…but

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Understanding Rental Property Interest Rates
In 1932, the government created a system of regional, government sponsored banks to help create reliable streams of cash to other banks and lenders for financing housing and other infrastructural projects. Today, there are 11 of these banks, all under the supervision of the Federal Housing Finance Agency. Don’t go to the bank just because it’s close to your house. Do your homework, reach out to trusted real estate professionals in your area. Take advantage of the opportunity to save some money and get better... more
THE HOUSING MARKET IS STRONGER THAN IT WAS IN 2008
There's no doubt the real estate market has changed dramatically in recent years. Skyrocketing prices, huge increases in interest rates, eviction moratoria and changes in lenders’ comfort and flexibility have all made it significantly more difficult for real estate investors to enjoy the successes that were commonplace as recently as five years ago. How is it different from the recklessness, inflated prices, and the subsequent bubble that burst in 2008 and led to 6 million people losing their homes. The banks... more
Avoid The Mistakes Others Make When Buying Investment Property
TOP 3 MISTAKES REAL ESTATE INVESTORS MAKE WHEN BUYING INVESTMENT PROPERTY Like anything else, an infrastructure of expectations has been built around buying property that seemingly makes life easier for investors by streamlining the process. Nexus Property Management® wants to challenge the conventional wisdom when it comes to buying investment property. WORRYING ABOUT QUALITY OF TENANTS It's very common when thinking about buying an investment property to ask about the tenants who currently live there. Paying... more
Understand Your Property Taxes And What The Future Looks Like.
PROPERTY TAX ASSESSMENTS ARE YOU READY FOR YOURS TO SKYROCKET? If you haven't noticed, we're in a state of inflation like we haven't seen in some time. Markets inevitably balance and those advantages that have existed for property owners are being pulled back first by financial institutions, then the Federal Reserve, and now local governments. Back in January, 2022, Nexus Property Management Vice President of Franchise Sales, Greg Rice, warned us all that the clock was ticking and it was time to do something... more
The Best Time To Sell Your Property.
You might be stressed out and losing sleep and it might stem from owning rental property: being upset with your tenants, disappointed with your property manager, or angry with a maintenance vendor. In a basic financial marketing example, compound interest isn't doing much for you in those early years and you're having to navigate on lesser funds as you funnel more and more money toward your investments. In real estate investment, you typically move a large amount of capital upfront to purchase a property and... more
How Much Cash Should You Have Reserved For Your Property?
Cash reserves are important in general because they add comfort and a safety net. $5,000 per property is appropriate and $10,000 is appropriate. If you’re looking to grow your assets and are actively looking to invest, it should make sense that keeping a cash reserve is taking from your ability to purchase your next property. As always, reach out to our team. If you have any questions or want to learn more.
Real Estate Camera Debate.. Eye In The Sky or Blind Eye??
SHOULD YOU SET UP CAMERAS IN YOUR RENTAL PROPERTY? This is a question that comes up often and unlike so many decisions we make and test to solidify best practices, the jury is still out on the use of cameras. Despite the fact you own the building, cameras within someone's private living space opens a whole can of worms that could lead to much bigger problems. Using ballpark figures of $100 a month for the camera service and a similar cost to set up and run your wifi, you're looking at an extra $2400 in expenses... more
Why Landlords Need To Search For Vendors IMMEDIATELY After Purchasing Property.
The problem is many of these people and companies can be very difficult to connect with. For some, strict requirements for licensure, insurance costs, and extended need for training can limit the number of qualified experts in a given area. Tiling is something you can do yourself, unlike electrical work, but you don’t want to avoid it. If you grab a cup of coffee and share a vision, you won't be a stranger for long. You need to be a strangers. It’Sebastian NADALES of Busy people don't have time for strangers.... more
Upgrade Your Property, Where to start?
Upgrade Your Property, Where to start? Mick Lefort Thu, 05/19/2022 - 01:32 IS IT WORTH UPGRADING THE OUTSIDE OF YOUR RENTAL PROPERTY? HOW BEST TO MAXIMIZE VALUE AND INCREASE TENANT SATISFACTION

 

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Essential Landlord Tools, Lease Generator, Property ROI Analysis Calculator, Digital Rent Receipt & Tenant Estoppel Agreement
Essential Landlord Tools, Lease Generator, Property ROI Analysis Calculator, Digital Rent Receipt & Tenant Estoppel Agreement Mick Lefort Wed, 05/11/2022 - 12:51 NEXUS PROPERTY MANAGEMENT 101: FREE PROPERTY MANAGEMENT TOOLS If You’re Going To Manage Your Own Properties, Use Professional Strategies And Tools

 

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The Set Up & Process Of Property Management Explained.
The Set Up & Process Of Property Management Explained. Mick Lefort Wed, 05/04/2022 - 16:05 PROPERTY MANAGEMENT: HOW IT WORKS

 

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What The New Work From Home Trend Means For Landlords And Real Estate Investing
What The New Work From Home Trend Means For Landlords And Real Estate Investing Mick Lefort Wed, 04/27/2022 - 15:17 HOW REMOTE WORKING WILL IMPACT YOUR BOTTOM LINE AS A LANDLORD HOW RENTAL PROPERTY USE HAS CHANGED SINCE COVID

 

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How To Deal With Abandoned Vehicles At Your Property.
How To Deal With Abandoned Vehicles At Your Property. Mick Lefort Wed, 04/20/2022 - 14:15 TOWING VEHICLES FROM YOUR RENTAL PROPERTY

 

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Small Common Area Tips To Keep Your Property Desirable.
Small Common Area Tips To Keep Your Property Desirable. Mick Lefort Thu, 04/14/2022 - 01:52 DON’T NEGLECT YOUR COMMON AREA MAINTENANCE SHOW YOUR TENANTS THAT THEY’RE VALUED

 

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How Below Market Rents Can Earn Landlords More Money In The Long Run.
How Below Market Rents Can Earn Landlords More Money In The Long Run. Mick Lefort Wed, 04/06/2022 - 17:21 DOES IT MAKE SENSE TO KEEP RENTS BELOW MARKET VALUE?

 

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Why Landlords Should Never Accept Cash Rent Payments From Tenants.
Why Landlords Should Never Accept Cash Rent Payments From Tenants. Mick Lefort Wed, 03/30/2022 - 14:55 NEXUS PROPERTY MANAGEMENT 101: DON’T TAKE CASH FROM TENANTS AVOID UNNECESSARY RISK AND LIABILITY AS A LANDLORD

 

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Rhode Island Rents Have Been Rising, More Affordable Units Needed
Rhode Island Rents Have Been Rising, More Affordable Units Needed Mick Lefort Thu, 03/24/2022 - 09:18 RENT SOARING IN RHODE ISLAND…HOW NEXUS PROPERTY MANAGEMENT CAN HELP

 

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When To Raise The Rent As A Landlord.
When To Raise The Rent As A Landlord. Mick Lefort Wed, 03/16/2022 - 16:24 NEXUS PROPERTY MANAGEMENT 101: SHOULD I RAISE MY RENTS? ALWAYS THINK LONG TERM AND VALUE ADDITION…AVOID THE SHORT TERM GRAB

 

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What To Expect When Your Landlord Sells The Property
What To Expect When Your Landlord Sells The Property Mick Lefort Wed, 03/09/2022 - 17:56 WHAT HAPPENS WHEN THE PROPERTY YOU ARE LIVING IN GETS SOLD? FOUR STEPS TO TENANTS FINDING THE BEST POSSIBLE SOLUTION

 

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