Hello everybody. Recent changes to our laws pertaining to discrimination, easements and resident managers will impact all owners of apartment buildings and management companies. My column this month addresses those changes in a cursory fashion, but will alert readers to the problem areas so that they may seek specific legal advice should they feel the…
DetailsIf you don’t do this, you will likely never, ever be wealthy. You will work until your health collapses and be dependent on the whims of Washington bureaucrats. Quite possibly, you’ll die broke.
While economists may quibble about the effects of minimum-wage hikes, there’s no such debate about rent control’s adverse effects.
There is both empirical and supporting statistical data indicating that interest rates might stay relatively low over the next ten years. There will be an overall uptrend (with fluctuations), but interest rates a decade from now are projected to be less than the average since 1956. We’ll first discuss the data and then use what…
DetailsHow can I encourage my tenants to conserve water? One way to encourage your tenants to save water is to make them responsible for their water bill. If your tenants are on a month-to-month rental agreement and have a separate water meter, then you may issue a Thirty (30) Day Notice of Change in Terms…
DetailsThe importance of teamwork cannot be overstated or emphasized enough. Yet sometimes, boundaries are so clearly drawn regarding the role or “job description: of each staff member, that those who desire to “go the extra mile” are forced to remain at the starting line and watch prospects and residents “fall through the cracks.
With rising rent rates in the apartment market, property managers are looking for the best way to maximize revenues. A revenue management system potentially could be the answer.
Unit inspections are often viewed by residents as an intrusion into the privacy of their home. Could this annual, semi annual or quarterly event be viewed as an apartment service appointment?
I often say that someday landlords will have to accept giraffes in their no pet buildings. While it may sound ludicrous, more and more tenants are showing up at properties, leasing units and showing up after the fact with a plethora of different animals, all of which are considered service animals or emotional support animals.
Your investment property is yours, not the tenants. To keep your tenants in line and show them that you are a diligent owner, you must make quarterly inspections.