What’s your New Year’s resolution? Save money? Exercise more? Typically we focus on personal goals, but what about professional development? A career in property management is truly dynamic and requires us all to stay up to date on the latest trends as well as training. This is especially true when it comes to fair housing.…
Dear Board of Supervisors: (letter to the board of supervisors and all other politicians voting for any form of rent control., Before you pull the “my constituents need me to do this” card to cast your edict over the realm (sounds feudal, doesn’t it?) and extend the eviction moratorium, or consider some monetary threshold landlords…
If we had never embraced change, we would never have learned to speak or walk. It’s human nature to resist change, because change requires effort, and effort is wildly unpopular, but we do make the effort required in certain areas of our lives from a young age. That’s because embracing change is necessary in order…
THANKS FOR NOTHING Dear Mayor: So happy to hear you care about the unhoused. Why can’t you show the same respect and concern for landlords providing housing? We have a 10-unit building and two tenants who just refused in April 2020 to pay rent and have continued to not pay almost three years later. Plus,…
Utility cost recovery is critical to maximizing a multifamily property’s NOI. Non-payments (and late payments) impact cash flow and the homeowner or property manager’s ability to properly budget. Of course, a number of factors impact utility cost recovery. But (arguably) the most important – resident billing itself – is too often overlooked. Why does billing matter…
The Fed’s interest rate hiking policies last year resulted in the end of the longest stock and bond bull markets in recent history. And the Fed is clearly not done yet. So, should we expect more carnage in 2023? Most forecasters say yes. They may be correct. However, the Fed’s plans are clearly known, and…
Frequent commentator and housing provider Dean Hotop shares his tongue-in-cheek “wish” for the SJCC to pass [Community Opportunity to Purchase Act] COPA in the new year — highlighting how the initiative will weaken the free market, drive up housing stock costs, and disempower local homebuyers. What’s Your One Big Wish for Local Government for 2023?…
As the economy continues to slide into recession, one of the areas that employers tend to look at to potentially save expenses is to reclassify employees to that of Independent Contractors. This is not only dangerous but can come to haunt an employer several years later should the IRS or any other taxing authority involved…
Schumpeter – The oft-quoted Joseph Schumpeter wrote the following defense of capitalism in his book “Capitalism, Socialism, and Democracy” (1942): “There is no doubt that things available to the modern workman that Louis XIV himself would have delighted to have yet was unable to have – modern dentistry, for instance. On the whole, however, a…
Apartment hunting can be challenging for electric vehicle owners since they see charging stations as a necessity, not an amenity, in the community. Electric vehicle charging stations, and other next-gen amenities, can be effective tools for marketing a property, but only if used effectively. The landscape of property management and ownership is expected to undergo…