The practice of imposing late fees for their tenant’s failure to timely pay rent raises many issues for landlords. Unfortunately, these issues continue to cause many problems for landlords desiring to enforce late fee provisions contained in their rental agreements. While it’s pretty clear that a landlord can impose
DetailsIn recent years, apartment buildings have become quite a popular investment option for real estate investors interested in finding good yields for their money. With mortgage underwriting guidelines tightening up considerably for residential properties (1 to 4 units), more real estate investors have decided to
New York. An appellate court agrees a tenant cannot collect her attorneys’ fees against her landlord under a reciprocal rights theory because the attorneys’ fees provision she claimed the fees under was not contained in her original lease agreement. The landlord and tenant entered into a written residential lease
Hello everyone. Nearly all members of the Apartment Owners Association own or manage one or more apartment buildings. Many of them, as well as non-member readers of AOA magazine, own commercial property, or at least aspire to own non-residential investment property. For those who are involved with commercial real estate, my column this month will…
DetailsRental property owners need to be cautious when entering into a lease, whether oral or in writing – with a tenant if the lease terms are primarily negotiated in one of the following five foreign languages: Spanish, Chinese, Tagalog, Vietnamese or Korean. If this occurs, then the owner must provide the tenant with
DetailsQ: What is the different between an assignment of a lease or rental agreement and subletting? If a tenant assigns his right to rent a unit he is transferring all his rights to the new tenant. If a tenant decides to sublet his right to rent, he is basically agreeing to let someone else rent…
DetailsThere are too many contractors out there (everywhere) who are notorious for underperforming and making your life very unpleasant. I’ve been a licensed contractor in the state ofMassachusettsfor over 18 years now. I got my start investing in real estate by doing
DetailsCan a person’s behavior and values really determine if they will be a future SuperStar for your property management company? If you knew the formula for hiring SuperStars and could cut your recruiting costs in half, would you start today? This article outlines three simple but critical steps for adding structure to your hiring process…
DetailsIt’s been said that taking a dollar from a bureaucrat — and a politician too, for that matter — is like taking a piece of raw meat from a hyena — a lot of shrieking ensues. The howls coming from Washington, D.C. over spending cuts required by sequestration, could cause the uninformed to believe that…
DetailsQuestion 1: I bought a house in San Francisco so my son could live there. My son invited his friend to live there and help with the rent. No formal rental agreements were signed with the tenant who moved in late 2010. Our son has moved but his