Hello everybody. My discussion this month about deeds will brief you on an important point of law about which most lawyers, as well as many real estate attorneys, are misinformed. The issue is, “Immediately prior to the moment a seller delivers a Grant Deed to a buyer for a parcel of real property, does the…
“Did you hear what our competitor is doing?” This question has caused many property management professionals to freeze in their tracks. What about you? Does your leasing team know what your neighboring apartment communities are doing? And if a future resident was to ask them, “give me 10 unique reasons why I should lease an…
It’s hard enough to budget the correct amount of money for Christmas gifts, let alone for an entire operating year in the multifamily housing industry. While it may not be a major crisis if the Justin Bieber poster you promised your daughter for her bedroom wall is five percent more expensive than you anticipated, it…
Whether you have several vacancies and upcoming notices to lease or you are down that last “net to rent”, you must still qualify your prospects in order to ultimately secure the rental. How you remember and record the needs and preferences of your callers and visitors is just as important as obtaining the information in…
Predicting how the recent quantitative easing announcement (“QE3”) from the Federal Reserve (the “Fed”) will affect your business is a complex undertaking. But, if we focus on just a few economic indicators, it’s QED (quite easily done).
As individuals, we all have our own little pet peeves. What may turn off one prospect may not bother another. As apartment professionals, we cannot afford to turn off a single customer, and image is everything. Keeping our communities neat and clean is not only easy to do, it is generally an inexpensive way to…
Times are a-changing. Individuals are losing jobs and struggling to make rents. Consider the following to keep your rentals occupied. Broaden Qualifications Broaden the scope of what is deemed passable on a credit report. A past medical problem or loss of job can ruin credit. Have they paid promptly in the last two years? Did…
Sacramento – Recently, the Howard Jarvis Taxpayers Association filed a class action lawsuit to provide relief to nearly one million California property owners who received bills from the State for a new “fire prevention fee” which the lawsuit claims is illegal.
The Patient Protection and Affordable Care Act and the Health Care and education Reconciliation Act of 2010, otherwise as it has become known as Obamacare imposes a 3.8% Medicare contribution tax on all net investment income of higher-income individuals as of January 1, 2013
This article is reprinted here with permission from Creative Real Estate Online at http://www.creonline.com Recently, I made a presentation to a group of real estate investors on the subject of landlording. Specifically, how to determine if your marketplace is one for holding real estate, the pros and cons of being your own property manager, as…