Wednesday, September 30, 2009
Lead base paint has been of utmost importance since March 6, 1996, when the Environmental Protection Agency (EPA) & Housing & Urban Development (HUD) released regulations on the Residential Lead Based Paint Hazard Control Act.
Additionally, the EPA invoked the Lead-Based Paint Pre-Renovation Education Rule, requiring notification...
Monday, August 31, 2009
Many times property owners question property management services because of the fees. Now with a distressed economy,
this can become an even bigger question when a difficult market puts investment finances to the test. After quoting our fees to a
prospective client, we often hear - "you want that much money for just collecting the rent?"...
Friday, July 31, 2009
As experienced property managers, we have learned to recognize certain warning signs or red flags when
marketing properties and taking applications.
Here are some we encounter while showing properties:
The applicant is willing to pay more than the offered rent and security deposit.
They will pay everything in cash, but do ...
Tuesday, June 30, 2009
Often current or prospective tenants will negotiate with property owners on painting. The owner usually will consent to this with one thought in mind - saving money. However, they do not realize the problems that it can create, particularly if they do not outline any limitations when it comes to the painting.
If while showing the pro...
Sunday, May 31, 2009
You employed professional Property Managers to handle maintenance, rent collection, and difficult tenant situations. Then the phone rings and it is your tenant. There can be several reasons for a tenant call.
You and your tenant know each other from previous contacts, so the tenant calls you directly. They figure they do not have t...
Thursday, April 30, 2009
There are great reasons to review spring and summer maintenance. The first is preventative maintenance. The second is to keep
your investment in tip-top shape to attract good tenancy. In today's rental market, this is particularly important. In addition, providing
repairs can definitely reduce an owner's liability.
Small Repairs, Bi...
Tuesday, March 31, 2009
Property owners face a tricky situation when they want to sell a property but still maintain rental income. No one likes losing income,
but keeping a tenant in the property while the property is for sale requires careful consideration.
Review the Sales Market
It is important to evaluate the Real Estate sales market first. Ask yours...
Saturday, February 28, 2009
The tenants sign the lease and move in. Sometime during the tenancy, another resident appears to be living in the property. This is a
clear violation if the rental agreement contains wording that does not give the tenant the authority to do this. This situation
can have different scenarios.
The legal tenant could have just moved so...
Saturday, January 31, 2009
Maintaining a property is important to the investment and normally the property ownerís responsibility. However, there are times when the tenant could be responsible and sometimes that can be difficult to determine.
Habitability is Essential
Even if landlord and tenant sign an agreement in writing that the tenant is respons...
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