Shutters, Sliding Panels and Roller Shades Shutters offer traditional elegance that is engineered to last a lifetime. They won’t warp, chip, peel or fade and never need painting. Sliding panels are great when you need to liven up your décor. They are available in a wide variety of natural wood patterns. Whether you need to…
Once you’re in this business for several years, you’ll start seeing the cycles that are natural in real estate. The timing of the cycle will vary from area to area, but the cycle exists just the same. You’ll go from having all your rentals full and perhaps a waiting list of people wanting to rent…
Introduction to Smart Meters As Pacific Gas & Electric (PG&E) in Northern California along with Southern California Edison (SCE) and San Diego Gas & Electric (SDG&E) in Southern California roll out a combined total of 11.7 million new electric and 10.6 new, gas Smart Meters (so-called), we as a property management team see Californians’ Constitutional…
Many apartment communities strive to create a welcoming office environment in order to put prospective residents at ease. From aromatic scents and freshly baked cookies to a warm faire, these comforts communicate a feeling of home. However, when managers have an office connected to their apartment or even inside their apartment home, sometimes the lines…
Your friends haven’t done anything new lately. Have you seen this phrase before? Front and center when logged into Hotmail, it made me laugh and think really?! If only you knew what my friends are up to. And if Hotmail thinks you aren’t doing anything new, there’s a good chance you probably are! Then I…
If you are to be effective in property management, you must continually strengthen resident retention. With resident retention so important, why do so many sad-isfied residents tell me, When I was considering renting, they waited on me hand and foot. Now that I’ve moved in, it’s my turn to wait for everything! While there has…
A Qualified Personal Residential Trust or QPRT (pronounced CUE-pert) is a trust whose only asset is a residence. The QPRT removes the value of a home from the estate and shelters appreciation. It also provides asset protection associated with irrevocable trusts. The homeowner transfers the home into a QPRT, continuing to live there throughout the…
It is no mystery that the past few years have been tough on the multi family industry. We are seeing pockets of recovery while other regions are still suffering. Despite overall vacancy issues, you often will see certain floor plans or views maintain high demand. This is where market rate properties can boost revenue by…
Like it or not, once you and your tenant have signed a rental agreement, addressing any maintenance issues that arise will quickly become one of the most critical aspects of maintaining a good relationship. You may occasionally need to educate an overly needy tenant on the types of issues they should attempt to address themselves…
This article is reprinted here with permission from Creative Real Estate Online at http://www.creonline.com. We’ve all done it. Anyone who invests in real estate is bound to make a clunker deal sooner or later. I’ve been in this business for over 25 years and have made plenty of mistakes, and I am always reminded that…