A friend of mine (Betty) rented an illegal unit for 23 years and established a close friendship with the owner, (Joanne). During those many years, Betty spread out her belongings into places that were off limits to her, but Joanne said nothing. Joanne said she didn’t get to the bank until after the middle of…
In the article below, Joel Fox explains how the real target is all of Prop. 13. Howard Jarvis Taxpayers Association. There was another hearing on Proposition 13, the iconic property tax cutting measure, at the legislature yesterday. San Francisco Assemblyman Tom Ammiano wants to clarify change of ownership rules when business property changes hands and…
Intelligent leasing is the foundation of a quality ownership experience. The apartment building owner with an effective leasing strategy reaps tremendous benefits that his short-sighted or uninformed competitors are often missing out on. You can enjoy having exceptional tenants, achieve the highest possible rents, have a virtually non-existent vacancy factor, and own the most intelligently…
What is it? I’ll give you a few hints “ it can lead to a reduction in those dreaded service requests. It can reduce controllable expenses. It can even increase resident satisfaction and lead to greater resident retention! You guessed it. ‘s the annual property inspection. By performing this single task each year, you can…
Commonly, Luxury Vinyl Tile (LVT) refers to vinyl flooring that is designed to imitate the appearance of various types of stone or tile. Vinyl Plank Flooring imitates hardwood flooring. As such, they’re manufactured in square tiles or planks and are offered by most flooring manufacturers. For the sake of simplicity, we’ll refer to both styles…
More About Bedbugs Bed bug infestations have undergone resurgence and can be found in the finest hotel and living accommodations. Due to changes in pesticides and an increase in travel, transportation of infested items such as, luggage, furniture, and bedding, we can’t stop the spread of these bugs. The detection of this blood-sucking bug is…
Recession or no recession, apartment owners and managers, like you, are continually looking for ways to reduce costs and improve profit margins. Probably the easiest costs to reduce are those you feel you have some control over, typically the variable expenses. These include items like maintenance, security, and utilities, which are the costs that tend…
Q: Should I do a pre-move-in walk thru with my new tenant? A: Yes. Before signing a Rental Agreement or collecting any rent or security deposit, DO A MOVE-IN INSPECTION!!!! It is best to use a written Inspection Checklist signed by the tenant, as it protects you in case of an eviction or a dispute…
Proper tenant screening is one of the most important things that you can do to preserve and protect your investment. Additionally, weeding out the ne’er do wells before they become your problem tenants will certainly provide peace, tranquility and balance in your personal life. This article will provide you with the knowledge and tools necessary…
The following is written for the individual who wants to invest and might be looking for that first rental property which may even be a single family home. In today’s market, it’s not hard to find a few lemons. The United States finished 2010 with a 9.4 percent national unemployment rate. Americans’ personal finances have…