If you’ve missed some of the prior articles, basic guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com.
Here’s a statement you don’t hear too often – “Wow … my landlord gave me a gift this holiday season!” Sending/giving holiday gifts once a year to your tenants (customers) promotes good will, lets them know you appreciate them, can turn bad tenants into better ones and makes it a little easier for them to…
DetailsWeb design can be a definite pain point in multifamily, yet it’s a major factor in whether prospective renters are able to find the information they need about your property. As more and more people access the internet from mobile devices, responsive website design has become the most important feature for apartment websites. Here’s what…
DetailsDictionary.com defines make-ready as the act or process of making something ready for use; the maintenance team’s definition can span everything from A to Z with the clock ticking every minute a new resident is waiting to move in to their new or “nearly’ new” apartment.
The State of Washington’s attorney general’s office has filed another consent decree against a landlord for illegally discriminating against potential tenants who are felons, according to news reports. A recent court filing indicates that the Washington State Attorney General’s Office believes that denying a prospective tenant with a felony conviction is racially discriminatory, according to…
DetailsQuestion 1: A company would like to rent one of our apartments for their out-of-town employees. An employee would stay 3-4 months and then a new employee would come in. My questions: How do I verify a company’s credit and integrity? What should I be leery of, if anything?
As a rental or commercial property owner, you will be faced with Americans with Disabilities Act (ADA) compliance issues at some point. Each property is uniquely different and what works for one property doesn’t necessarily work for another property. The sheer amount of information needed to identify and design around these issues can be overwhelming.
Keeping your tenants happy and renewing their leases is key to keeping your rental housing business and your revenue growing. I learned early on in the landlord business that I had to build a strong relationship with my tenants if I wanted long-term loyal clients for my rentals.
Question 1: We recently were approached by one of our tenants to find out if he could have a 220 volt electrical vehicle service equipment plug installed in the garage to charge his new electrical vehicle. Are we under any legal obligation to comply with his request? The property is located in Sunnyvale, CA. and…
DetailsMaintenance costs in rental apartment communities have increased by 1.3 percent over the past three years and are expected to continue growing according to a recent survey.