Life is full of interruptions. Yet we must find a way to strike a balance so that all the URGENT things coming at us do not pull us away from the most important tasks at hand. In the property management industry, there are urgent owner requests, resident complaints, maintenance emergencies and employee disputes; just to…
DetailsSmart landlords know that the more you make residents feel plugged into their property, the neighborhood, or your management system, the longer they’ll stay. Long-term residents drastically reduce turnover costs that can negate your positive cash flow efforts while adding thousands to your bottom line. The following procedures help keep residents plugged in:
Actress Faye Dunaway, with a net worth estimated at $40 million, recently vacated her cheap Upper East Side Manhattan apartment, but only after the threat of an eviction lawsuit. The owner argued that Dunaway’s permanent residence was, in fact, in California and that she was therefore not entitled to her rent-stabilized Manhattan lease.
DetailsThe ongoing recovery of the U.S. apartment market is entering a new phase, one marked by an increasing level of permits and construction starts for multifamily development projects. The upwelling in new development is expected to increase supply across many markets starting in 2013 after years of almost zero growth.
On occasion in the apartment industry, we run into conflicts between safety concerns and Fair Housing issues. While you want to be sure that children and others are safe, at what point are you protecting them at the risk of a Fair Housing violation?
Are your rent collections as efficient as you would like? Do your tenants pay the rent at the first of the month or right before the late charges kick in? At what point of the month are all your rents collected? Speaking with several property managers on this subject, I find that rent collection is…
DetailsNearly all those owning real property and other assets can benefit from a quality estate plan. With proper guidance, drafting, and implementation, your estate plan will be effective to avoid probate, unnecessary taxes, and court control of your assets at your death or in the event of incapacity. Proper implementation of your estate plan is…
Details[Editor’s Note: ‘s important that you be aware of what happened to Mr. Murrell so that it does not happen to you! The following article is also a good reminder that if you or someone else is going to do repairs that you and/or your repair person become RRP Certified. AOA has become one of…
DetailsLooking for ways to reduce turnover costs and start saving money this summer? In addition to the obvious health and safety benefits of reducing exposure to secondhand smoke, making your rental properties completely smoke free can be a smart business decision. Check out the following 3 great reasons to make your properties smoke free:
Time-Varying Pricing Starting this November, all small/medium commercial customers of PG&E, SoCal Edison and San Diego Gas & Electric will be required to transition to a time-varying rate schedule for electricity. A time-varying rate schedule means that when you use energy is just as important as how much you use. This change in rate schedule…
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