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The Top 3 College Expenses — and Where Students Can Save

Earning a college degree is an investment towards your future. One study from researchers at Georgetown University found that men and women who earn a bachelor’s degree go on to make about $1 million more in income in their lifetime when compared to their classmates who only graduated high school. Unfortunately, like most investments, college can be expensive. Read on to learn more about the top three areas in which college students spend money — and how you can cut costs on each.

  • Tuition — Unless you’ve received a full-ride scholarship to your university of choice, chances are high that your biggest expense as a student will be tuition. According to research from College Board, the average student will pay about $9,970 for each year they study at an in-state public university and $35,000 for each year at a private college. Students can curb the cost of tuition by applying for scholarships both locally and directly through their university. Don’t be afraid to apply for small community scholarships — each year, thousands of dollars in scholarship money goes unclaimed because no one applies!
  • Student housing — Mom and dad live too far away from your school to commute? Your 2nd highest collegiate bill will probably be from your school’s housing department. Students can seriously save on housing (and avoid sharing a cramped dorm room) by choosing to live off campus. Apartments for rent near Temple University offer the same convenience as on-campus housing while offering more space and a cheaper bill!
  • Textbooks — College textbooks can cost students upwards of $1,000 per semester. Buying used textbooks online can help you save hundreds of dollars. Before the beginning of the semester, email your professors and ask if you can use a previous edition of the textbook — older editions typically have almost identical information as the latest version and can cost significantly less than the newest version.

No matter if you’re looking for the perfect space to start your student career at Temple University or you’re in need of property management services in Manayunk, MK Management Group is here for you! Give our team a call today at 215-765-1429 to learn more!

5 Fun Facts About Philadelphia

Philadelphia is about much more than cheesesteaks and the Liberty Bell! You might be living in the city, but how much do you know about its strange history? MK Management Group provides Philadelphians with fun Philly trivia alongside real estate management in Francisville. How many of these five fun facts did you already know?

  • The first household computer was made in Philadelphia. Invented in 1946 at the University of Pennsylvania, Philadelphia was home to the first general purpose computer. It weighed a whopping 50 tons—not exactly the portable laptops we prefer today!
  • Philadelphia has the oldest zoo in America. Speaking of “firsts,” the first American zoo was also created in Philadelphia. The Philadelphia Zoo has had its doors open since 1959!
  • Immigrants make the city. Philadelphia is a cultural melting pot. It has the 2nd largest populations of both Irish and Italian immigrants—first place, of course, goes to New York City.
  • The Phillies almost had a name change. In the 1940s, the owner of the Philadelphia Phillies decided that he didn’t like the name and tried to have it switched to the Philadelphia Blue Jays. Unsurprisingly, the name didn’t stick around.
  • It’s where eating champions chow down on wings. When it comes to Philly’s signature food, there’s no doubt that the cheesesteak reigns supreme. But did you know that Philadelphia is also a gathering spot for chicken wing lovers? Every year, the city hosts a buffalo wing eating contest called the “Wing Bowl.” Though the first Wing Bowl in 1993 drew a crowd of only 150 men and women, modern Wing Bowls see attendance numbers of over 20,000!

Are you a property owner in the City of Brotherly Love? Protect your investment with real estate management in Northern Liberties with MK Management Group. Give our team a call today at 215-664-7824 to get started!

3 Reasons to Consider Allowing Your Tenants to Keep a Pet

If you own a rental property or Temple off campus housing in Philadelphia, you’ve probably been asked by at least one renter to allow a furry friend into their space. Many landlords, especially those who manage student-rented properties, refuse to allow pets in their units. After all, pets can cause damage — why would you allow your tenants to have pets?

There are actually some great potential benefits that come along with allowing your tenants to keep a pet in their space. Read on to learn three compelling reasons to consider allowing fluffy friends into your unit!

  • You’ll widen your applicant pool. The demand for pet-friendly spaces is at a premium. According to a recent survey by Apartments.com, about 60% of renters say that they struggle to find a place to rent along with their four-legged companion. This means that when you allow pets in your space, you’re opening your pool of potential applicants by a huge margin.
  • You’ll be able to make more money from your unit. Pet fees, which differ from pet deposits, are non-refundable income streams that provide more income from your property. Collecting a pet fee that’s as low as $25 a month can add an extra $300 of income to your bottom line per year!
  • You’ll provide another layer of protection for your unit. Let’s be frank — our tenants aren’t always as upfront and honest as they claim to be. Tenants who sneak pets into your property can leave you with additional damage not covered by their security deposit. Allowing pets in your unit and collecting an additional “pet deposit” can help add another layer of protection to your lease should your unit be damaged.

No matter if you decide to allow pets in your rental property or not, managing the day-to-day operations of a rental property can be a hassle. Working with a company providing rental property management in Temple like MK Management Group can make life a little simpler for landlords. Give us a call today at 215-664-7824 to get started!  

Our Safe, Affordable Housing for Temple University Students

Choosing where you’re going to college can be a difficult decision for everyone. You have to think about location, pricing, and the major you want to pursue. These are all important choices that aren’t easy to make, and we understand that. That’s why we’re offering something that’s easy to say “yes” to — affordable and safe student housing near Temple University.

Temple University is located on Broad Street in Philadelphia, PA, which is, arguably, the busiest street in the city. It’s one of the best schools in Pennsylvania, offering a wide range of majors and boasting sister schools from Tokyo to Rome. While, like any city, crime does occur, we pride ourselves in providing affordable housing in the safest parts of town.

From Your Parents House to Your First Apartment

College can feel like a whirlwind. First, you’re leaving your parents house and moving into a dorm. Then, before you know it, you’re leaving the dorm and looking for an apartment. No one tells you all of the steps you have to take to move from one place to the next, and it can be a little overwhelming. We here at MK Management Group are here to help.

We know how difficult it can be transitioning from your parents home or a dorm to your first apartment. You need to find roommates, set up a banking account for rent, and budget out utility fees. Balancing this with going to school or working can be stressful, so call us at 215-664-7824 with any of your questions. We are always happy to help.

Meeting Your Wants and Needs

When you are finding an apartment, you don’t want to have to compromise on the things you need. You’re used to feeling safe and comfortable in your home, and we can help provide that for you as well. Most of our apartments offer full amenities and don’t skimp on the things that keep you happy and comfortable. Yes, you should have a washer and dryer. Yes, you should have a dishwasher. We believe that our tenants should have these basic commodities without being charged outrageous prices.

However, we take stock in fulfilling your wants just as much as your needs. Living around Temple University means that you’re living in a cultural epicenter. There are fantastic restaurants just blocks away. There are museums and early-American cultural sights only a short ride away, and there are massive amounts of opportunity for university students to get involved in the “real world.” Philadelphia offers opportunity at every corner — you just have to be here to find it.

Schedule a Tour

We have a long list of Temple University rentals available. Picking the right apartment is vital for your life now and your future. Choosing an apartment with MK Management Group is the natural choice for safety, affordability, and experience without compromise. Call 215-664-7824 to schedule a visit to any of the apartments that catch your eye!

Three Reasons College Students Stay on Campus for the Summer

If your idea of college is like most, you probably remember living in the dorms during the fall and spring semesters and returning home to relax during the summers. However, more and more college students are choosing to rent spaces off-campus and stick around for the summer. While everyone has a different combination of reasons for staying close to school during the semester breaks, some certainly stick out as the most common. Three reasons why companies providing property rental management in Northern Liberties are seeing more of their student spaces filled during the summer months include:

  • Summer internships. During the school year, most students are too occupied with homework, classes, and extracurricular activities to take on an educational internship. However, during the summer months when classes are over, many of Philadelphia’s most esteemed museums, universities, and cultural institutions hold special internships for college students.
  • Supplementary classes. Finishing a degree is expensive — many students are now choosing to take supplementary electives and summer courses during the off-season to graduate sooner. On the opposite end of the spectrum, students who have failed a crucial course may also choose to study over the summer, rather than be left behind their classmates.
  • Employment opportunities. Philadelphia is a city that’s jam-packed with a rich and diverse nightlife as well as a robust academic scene. Many students choose to stay close to campus during the summer months thanks to increased levels of opportunities for seasonal and flexible employment. This is especially true for students who work over the school year, as more and more hiring managers are now paying students bonuses for working outside of the semester.

Northern Liberties is a booming town for college students which continues to expand its number of apartment buildings, restaurants, recreational activities, and local bars. If you’ve been considering cashing in on your rental property, you don’t have to wait until the summer ends! Getting the property management in Northern Liberties you need today is as simple as picking up the phone to talk to the team at MK Management Group. Pay our team a visit online at https://www.mkmgmtgroup.com to get started this summer!

3 Housing Laws Every Landlord Must Know

If you own a rental property, congratulations! More Americans than ever are choosing to rent, so investing in a rental property and becoming a landlord is an excellent investment in the current housing market. Unfortunately, being a landlord is not as simple as throwing a “for rent” sign on your home and collecting rent.

 

If you are considering becoming a landlord, you must memorize and thoroughly understand the large number of laws protecting the rights of tenants about housing and property management in Francisville. The following are just three of the many classes of regulations and protections that every landlord must know to operate within the law.

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Join MK Cares Clean Up Day This April

 

MK Management Group does much more for the Philadelphia community than simply provide Temple University property management! Our team prides themselves on giving back to the community and encouraging Philadelphians both young and old to come together to keep the City of Brotherly Love looking beautiful.

This year, we are sponsoring our annual MK Cares Clean Up Day to encourage everyone to fight against litter in the Temple University area.

MK Cares Clean Up Day is all about empowering residents to take control of their space and tell litterbugs that there is no room for them to tarnish the Temple University area. By partnering with a number of student-run Temple groups and clubs, as well as with officials from the city of Philadelphia, MK Management hopes to use their upcoming clean up day as a jumping off point to encourage more and more people to help their community.

MK Cares Clean Up Day is just one of the many ways that MK Property Management is working to bring their community together. This past March, they hosted a March Madness tournament to bring together both old and new Philadelphia tenants together for some friendly competition!

Anyone who is interested in joining in on the fun is welcome to attend, and is invited to meet the team at MK Management Group at 8:30 am at 1955 N. 18th St. on April 7th. Participants don’t need to worry about bringing their own supplies; everything will be offered by the MK Cares team. However, residents are advised to wear comfortable, weather-appropriate clothing and sensible shoes for their safety.

Residents, special group leaders and property management companies in Philadelphia who would like tips and pointers on how to host their own community clean up day are encouraged to contact our team at MK Management Group today by calling 215-664-7824 or filling out a contact form on our website.

 

 

4 Essential Skills Every Landlord Must Possess

If you own a rental property that you’re looking to rent out, congratulations! According to research by LandlordStation.com, only an estimated 3% of Americans own a rental property, which puts you in a position to make some serious extra income.

However, becoming a landlord is no easy feat. We at MK Management Group, a leading manager of Temple University student housing in Philadelphia, have to possess the following four qualities if you expect to turn your rental home into a profitable business.

 

  • Communication. When your tenants feel like you care and listen to their complaints and concerns, they’ll be more likely to pay their bills on time and treat your space with respect. Well-developed listening and communication skills can help you keep reliable tenants filling your properties.

 

  • Organization. Checks, maintenance requests and notices, oh my! As a landlord, your brain will be pulled in a million different directions, and you’ll need to learn to keep track of all the paperwork that comes along with owning a rental property. You’ll also need to maintain a schedule of repairs, taxes due and rent checks paid to make sure that you aren’t losing money or charging a tenant who has already paid.

 

  • Flexibility. Being a landlord is far from your average 9-to-5 job! From calls at midnight from a tenant with plumbing issues to chasing down a tenant who is three weeks late on their rent, you’ll need to keep a flexible schedule to be an effective landlord.

 

  • Commitment. Unless you have a formal education in housing legality and tenant’s rights, you’ll have a lot of reading to do if you want to stay within the laws while renting your property. For example, did you know that it is illegal to show up at your property when it is occupied by a tenant with less than 24 hours notice unless it’s an emergency? Understanding the laws related to renting your property can make or break you as a landlord, and can help you prevent costly legal fees.

 

Don’t have time to develop these four qualities in yourself? Hire the professionals who already have them!

If you need assistance managing a rental property, contact our team at MK Management Group, the leaders of property leasing in Manayunk. We can help you make more money on your rental property.

3 Tenants You Won’t Want in Your Property

If you own a rental property, you probably already know that getting the right tenants is crucial to keeping it profitable and well-kept. On the other hand, placing the wrong tenants into your property can seriously hurt the value of your property. Three of the most common bad tenants can include:

  • The sloppy tenant. This tenant hates cleaning, and they don’t have respect for your home. They may throw garbage on the floor, which can attract pests and invite them into your property. He or she may also mark up your walls with paint, dirt or dust, and scuff up your flooring by wearing their shoes indoors. Renting your property to a sloppy tenant can cost you a great deal of money in repairs.
  • The tenant who loves to party. This tenant sees your home as their party pad and is always throwing loud and obnoxious parties. They may invite too many people over and host parties where drugs and drinking are involved. These parties can lead to more damages in your home, and can even cause severe damage to fencing or walls in the interior of your home. If you manage student housing near Temple University, you have likely seen the results of these types of tenants firsthand.
  • The bad-with-money tenant. This tenant always seems to “forget” when rent is due, and they never seem to have enough money on time. They may lie to stall for extra time to pay the rent or they may make you wait weeks on end to pay you. These tenants don’t respect you, your property or your time, so they will likely force you to chase them for your rent money.

If you own a rental property, avoid the damage caused by bad tenants by working with a property management company that knows how to screen the right way to find responsible renters!

Our team at MK Management Group is proud to work directly with property owners and those searching for apartments to rent near Temple University, so don’t be afraid to give us a call today.

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