In a time when layoffs and foreclosures are widespread, your firm may be forced to manage vacant real estate. The insurance risks and liabilities associated with owning vacant property can be extensive, and to ensure you are adequately protected, it is important to know
Dear AOA: Gary Halbert elected to reprint an article from Forbes Magazine which is a right wing leaning publication. Obviously he agreed with the article.
Details1. Know who is living in your apartments. If they aren’t on the lease, politely ask them to leave; most of the time they oblige. Have a police officer assist you when informing the unauthorized occupant that
When you make the decision to invest in rental property and entrust it to residents, you expect those residents to behave responsibly. Once you hand over the keys, your rental property is in the hands of strangers
As of January 1, 2013, owners of multi-family rental units, such as apartment buildings, were required by State law (Health and Safety Code 17926) to install carbon monoxide (CO) detectors. Carbon monoxide detectors have been required in all single family dwellings since
No property manager can execute perfectly, but the “right” property manager knows how to keep properties functioning and making money 24 hours a day, 365 days a year. What Sets These Property Managers Apart?
DetailsIf you discover you have negative cash flow, you must take action now to turn it around. Correcting negative cash flow involves doing things NOW to stop the bleeding. It might conflict with a conservative long-term investment game plan, but remember, if you go belly-up from negative cash flow, you won’t need a long term…
DetailsThese numbers are deeply disturbing to most [people who believe in our old American economic system of free enterprise.] The reasons should be obvious, and the trends are not in our favor. Today we look at a PewResearchCentersurvey that polled Americans for their feelings about capitalism versus socialism. The survey included all races, different ages…
DetailsIf you’ve missed some of the prior articles, basic “beginner” guidelines on successful investing are in my book “Stairway to Wealth” available at LuLu.com. Phone calls this month have been less about loans and more about buying property. It’s the beginning of the year and folks are seriously considering another purchase. The questions generally…
DetailsQuestion 1: My tenant is complaining that his unit has habitability issues. What are habitability issues and what are my responsibilities when my tenant makes such a complaint?