The Treasury Department tells us our national debt is over $31 trillion, the highest of any nation in the history of the world, even on an inflation-adjusted basis. There is no way the U.S. will ever pay off this gargantuan amount of debt. And it keeps growing exponentially. The question I will pose is whether…
How often do you find yourself saying, “I just don’t have enough hours in the day?” In this day and age, everyone wants things done instantly and many times our personal expectations create undue stress. We fill every waking hour with some sort of activity, job, or assignment with little to no time for ourselves. As technology advances,…
Naturally, I consider all my articles to be super-important, but this one – which discusses terminating resident managers (and when not to) – covers a topic I believe to be underappreciated and often not given sufficient thought. Let me introduce it with a sports analogy. Before each play in a football game, the coach tells…
In December, as expected, the Federal Reserve raised its benchmark interest rate by half a percentage point and signaled more tightening next year as it continues to battle high inflation. It’s a fight that’s expected to slow our economy and raise unemployment. The half-point increase brings the federal-funds rate up to a range of 4.25%…
As we have come to the end of another eventful year, it makes sense to take a moment and reflect on what we have accomplished and begin to set goals for the future. Part of this should include an overview of your fair housing practices. This article will share five quick steps to help you…
The Internal Revenue Service issued final regulations last year that provides a safe harbor under which a rental real estate enterprise will be treated as a trade or business solely for the purposes of Internal Revenue Code Section 199A, the qualified business income deduction. Tax Cut and Jobs Act (TCJA) Created Trade or Business under IRC…
From time to time, residents may want or need to notify you of maintenance requests. How, then, do landlords prefer that residents notify them when they have a request? That question and the responses were one of the hot topics on our Q&A Forum this week. The landlords who responded indicated that there is not…
Renting to students often poses specific problems that even experienced property managers may miss. Based on our experience, the five most common mistakes property pros make when working with students are: Underestimating the Value and Reliability of International Students International students are screened by the Department of Defense and typically need to be affluent to…
Let me tell you a true story. Some of the details are modified to ensure privacy. “Bob” and “George” have been friends longer than either of them has been married. They were in each other’s weddings. When they were young and stupid, they did young and stupid things together, but they didn’t get hurt or…
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending. What is Driving Us Toward an Economic Contraction? The primary factors driving us toward an economic contraction include the following: Increased fuel costs and worldwide lack…
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