Tuesday, May 31, 2011
There have been incredible weather events happening all other the world - earthquakes and tsunamis in Japan, tornadoes throughout many states, and flooding along the Mississippi to name a few. Insurance is a necessity for investment property. You pay with the hope that you will never have to use it for unforseen events. With all the diff...
Saturday, April 30, 2011
Fair Housing law defines retaliation as an act of harm by the owner, manager, or agent against a resident or applicant because that resident or applicant has asserted their fair housing rights. This important legislation protects the right of the applicant, resident, prospective homebuyer, or loan seeker to file a discrimination case, or...
Thursday, March 31, 2011
What IS a Rental Emergency?
It is important to understand what a rental emergency is. Depending on whose perspective it is, whether it can be owner, tenant, vendor, or property manager, it can mean different things when it happens.
The definition from Wikipedia is
An emergency is a situation that poses an immediate risk to he...
Monday, February 28, 2011
Carbon monoxide is another area of risk management that has been creating new laws in many states. Currently, at least twenty-five (25) states have legislation on carbon monoxide detectors requirements. Please note that various states have different requirement in their laws. Federal agencies are working on legislation to encourage all s...
Monday, January 31, 2011
It is natural to want to obtain the highest rent possible when your property is vacant. A long vacancy can cause frustration, anxiety, and anger. However, holding out for more money can be more costly than you think.
When this situation occurs, it is better to use a mathematical approach. Write down the expenditures for your investmen...
Friday, December 31, 2010
No investor wants to hear that there is a possible or definite lawsuit to defend. Although there are times you cannot avoid legal actions, most of the time, property owners can by being proactive. Here are seven positive steps to follow to reduce your risk.
Never ignore necessary repairs. Habitability is at the heart of landlord/ten...
Tuesday, November 30, 2010
As another year ends, many people take time to reflect on the past
year. Generally, this leads to setting goals and making resolutions for
the New Year. Our company is busy reviewing 2010 and planning on
how we can improve our property management services to you, our
clients. Here are some of our key property management goals and
Sunday, October 31, 2010
Water is a necessary element to support life and when it concerns
rental property, water usage must be available to tenants. However,
water can be destructive. This can come from an act of nature, such as
a serious flood or hurricane. If there are repairs left unchecked in a
rental property, water can cause anything from minimal to major...
Thursday, September 30, 2010
Ordinarily, property owners have the right to refuse animals while
renting their property. However, there a specific circumstance exists
when a dog, cat, or possibly another animal it is not considered a "pet."
When a disabled person with an assistance animal applies to rent a
property, a landlord cannot refuse to rent to the prospec...
Tuesday, August 31, 2010
Thinking about winter maintenance needs for your investment before
the season hits can often save you money. An extra benefit is that it can
help keep tenants happy. For example, if you wait until the rains or
winds come and the roof leaks, you will be competing with everyone
else to have the work done because roofing contractors are at ...
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