If you were a farmer, would the spring season be more important than fall? For your crops to grow strong, will the sunshine or the rain make them grow faster? Does it matter if some crops are ready to be harvested in one month and other crops are ready in six months? Like a farmer,…Details
We are taking the alphabet, letter by letter, So perhaps you can do things a little bit better; To make your apartments open to all, And not take an unexpected fair housing fall!Details
The following article, shared by a colleague offers a different viewpoint than the typical landlording advice, and may even stir a bit of controversy. Most landlords answer the question serving as the title of this article with an empathetic, YES! There is no way you should ever rent to a resident who has been evicted. …Details
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…Details
Smart 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.Details
The 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…Details
Nearly 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