You’re about to discover the 10 commandments of property management. Every landlord should apply these simple principles. And although I read books and attended trainings on property management when I first got started, the bulk of these commandments came from over a decade in The School of Hard Knocks. Here are your 10
The phone call was from a frightened older woman in the Central Valley. “I can’t afford to pay my property taxes and I may lose my home by the end of the year if nothing is done in Sacramento.” While this call was eerily reminiscent of the years just prior to Prop 13’s enactment in…
DetailsThere is nothing more important in the life of a landlord than move-in day – the day you legally transfer ownership of your investment for the duration of the lease to a stranger. However well vetted this stranger may be,
Executive Summary: The investor faces four major risk scenarios, but they are not equally likely. Inflation is the most universal and is commonly addressed with higher interest rates. The least likely but most serious risk is deflation. Deflation is defined as an inflation rate of less than zero and characterizes a failing economy. It is…
DetailsSince the year 2012, estate taxes have become less of a concern for most Americans. This is because the individual estate tax exemption had been raised to just over $5 million dollars. Though the anticipated 2015 estate tax rate will be 40% for any amount exceeding $5.43 million, there would be no federal estate tax…
DetailsA warm inviting smile from our staff is the perfect crowning glory to your holiday decorating efforts. Greet everyone with a warm welcome and ensure your faces and attitudes reflect the same joyous message that is presented by your
I don’t know about you and perhaps it is my age, but I have noticed a definite decline in workplace attitudes and loyalty. In the past, workers were extremely loyal to the companies they worked for.
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…
DetailsThe mainstream media was largely successful in convincing the public that the dreadful first quarter GDP number (-2.9%) was the result of the bitter winter in January and February. The media spin was that the economy would snap back strongly in the second quarter with growth of
Landlords are always concerned about safety issues in their investment property. But there is no better time than during the holidays, to remind your tenants of some basic steps they can take to keep themselves and the property they live in safe. Holiday decorations present many “opportunities” for landlords to encounter additional liability.