Commercial gas fired water heaters fail in much shorter periods of time then residential water heaters. The manufacturers are all aware of this fact; consequently commercial water heaters are provided with shorter warranty then the water heaters we all use in our homes. Approximately 75% of commercial water heaters will ultimately fail due to depletion…
In the multifamily industry, we often think of apartment community residents in the collective. However, these communities comprise of individuals with diverse lives, unique personalities and a broad range of hopes and dreams – just as any other group of people does. When we think of our residents in this way, we can better consider…
Conduct an In-Home Visit It’s recommended that landlords conduct an in-home visit of rental applicants as part of their screening process. One landlord was intrigued by this idea and asked the following questions:
John Bagdzhyan, a member of the Glendale Tenants Union, collected over 11,000 signatures and presented them to the City Council in support of a suggested Glendale rent control initiative. Bagdzhyan told the council that renters are having to move to less expensive locations because the rents in Glendale are “outrageously high”. (I’m sure many people…
In today’s competitive world, we ask insurance vendors for bids to insure our investment properties – get the bids back, choose the lowest one and go on with our life. Unfortunately, buying insurance is more complicated than that. It takes some analysis to make a great choice, and not only do you need to compare…
Question One: Can a landlord serve 60 days to vacate in the middle of a one-year lease? My tenants have blocked the common driveway on countless occasions. I have given them several verbal warnings, which they just ignored.
Have you ever had a tooth extracted without Novocaine or some other pain killer? When facing something painful, it’s always helpful to apply a numbing agent and, when administered by competent medical personnel, anesthesia provides effective relief. But when politicians try to mask pain, be skeptical. The 12 cent increase in California’s gas tax which…
Millennials are a generation that could forever alter the real estate industry as we know it. Current data, economic and psychographic trends are now suggesting that it’s likely the millennial generation will forever be known as the generation that opted to rent instead of buy their homes.
What are seven habits of highly successful property managers? Buildium.com recently did a webinar to explore seven ways that property managers can better organize their daily routines while the chaos of property management problems rage around them. Here are the seven habits:
Investing in multifamily real estate can be very rewarding, but what happens after you actually close on the purchase and on the first day you take over an apartment building as a new owner, landlord and property manager? Veteran real estate investor and syndicator Vinney Chopra has developed a landlord’s checklist for taking over that new…