Tag Archives: owners
How to Survive an Audit
Posted on 19. Mar, 2013 by Mary Girsch-Bock.
They’re the words that strike fear in most of us. “You’re being audited.” First, don’t panic. Many IRS audits are simple requests for information that you can provide by mail. Providing the information requested on a timely basis typically satisfies the IRS.
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Insurance: A Must-Have or No Go?
Posted on 05. Feb, 2013 by Jennifer St. James.
Some days it feels like companies are pushing for every kind of insurance, and it’s hard to imagine shelling out any more of your hard-earned dollars for something you’re not sure you need. But at the heart of it all, insurance is about one thing: Protection.
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When To Hire A Property Manager (Infographic)
Posted on 31. Oct, 2012 by Bryan Ives.
Knowing when to hire a professional to manage your rental property can be difficult.
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San Francisco, CA Suburb San Rafael Bans Smoking In Multi-Family Homes
Posted on 31. Oct, 2012 by Bryan Ives.
San Rafael City Council recently voted unanimously to ban smoking in duplexes, condominiums and other mult-family homes.
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Hurricane Sandy: Last Minute Preparations for Property Managers
Posted on 29. Oct, 2012 by Bryan Ives.
With the mid-Atlantic bracing for a “one hundred year storm,” property managers can take last minute proactive steps to help mitigate risk.
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Low-Income Housing Tax Credit: What is it and How to Pass Inspections?
Posted on 02. Jul, 2012 by Marc Courtenay.
One of the fastest growing segments of the rental housing market is low-income, affordable housing. Since the Tax Reform Act of 1986 there have been government-sponsored tax incentives for the utilization of private equity in the development of low-income rental housing designed for Americans who qualify as low-income.
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Importance of Rental Payment History
Posted on 23. Mar, 2012 by Brannan Johnston.
Used in conjunction with credit evaluations and traditional screening methods, rental payment history can go a long way toward filling up an apartment community with qualified renters who pay on time.Resident screening companies love data. To determine whether or not a prospect is worthy of renting an apartment, vast databases are scanned for past purchasing behaviors, job histories, on-time and overdue payments and of course, credit history.
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Carbon Monoxide Detectors
Posted on 16. Feb, 2012 by Jamie Sternberg.
The Carbon Monoxide Poisoning Prevention Act of 2010, also known as SB 183, is effective as to single-family detached residences on July 1, 2011, and all other residential units on January 1, 2013. It requires that residential property be equipped with a carbon monoxide device when the property has an attached garage or fossil fuel (coal, kerosene, oil, wood, fuel gasses and other petroleum or hydrocarbon products that emit carbon monoxide as a byproduct of combustion) heater or appliance or fireplace.
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Let Your Clients Know that They Can Be the Bank and Prosper
Posted on 14. Feb, 2012 by Marc Courtenay.
Houses in America are “the best value they’ve been in many generations” according to a housing analyst I interviewed recently. He enthusiastically reminded me that this is the time investors can “…pay below-market prices as banks try to unload properties.” This is a reality in every region of the country right now.
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Landscaping Resources for Property Managers
Posted on 02. Feb, 2012 by Rob Maday.
Out of the countless ways a conventional landscape can become more “green” and sustainable, we’ve compiled a list of 3 suggestions with the best ROI for property managers.
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Investors Favor City Apartments Over Suburban Communities
Posted on 19. Jan, 2012 by Bryan Ives.
Apartment building sales continue to remain strong, but in some areas investors are opting to invest in properties in cities rather than the suburbs. Two deals in the Boston area serve as a prime example.
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Tom Brady’s Green Mansion Nears Completion
Posted on 21. Dec, 2011 by Bryan Ives.
Tom Brady’s green dream mansion in Los Angeles is nearly completed, and should be quite the touchdown pass to environmentalists.
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How to Select a Property Manager
Posted on 21. Nov, 2011 by Marc Courtenay.
A recent set of circumstances helped me to realize that property managers might want to know how owners and investors go about selecting a manager for their property.
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Renting vs. Owning: The Rent Ratio
Posted on 03. Nov, 2011 by Marc Courtenay.
The buy-versus-rent question is particularly relevant right now as we see home prices continuing to decline and interest rates on new mortgages also going down to the lowest levels in 60 years. Back in April of 2010 The New York Times did an impressive job of explaining the ratio that helps define whether it is economically more sensible for residents to buy or rent their housing.
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Media Mogul John Malone is the Largest Land Owner in U.S.
Posted on 13. Oct, 2011 by Nora Betz.
With Ted Turner a close runner up, John Malone is now the largest land owner in the United States.
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Let Your Owners Know You’re a Source for Real Estate News
Posted on 03. Oct, 2011 by Marc Courtenay.
Give owners some ideas on how they can take advantage of today’s real estate and financial trends. Impress them with your creativity and business acumen.
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Is It Time to Invest in Rental Property?
Posted on 12. Sep, 2011 by Nora Betz.
Now might be the perfect time to put invest in rental property. “As with many investments, the best time to get in is when most others are sitting on the sidelines,” reports CNN Money online.
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Protect and Grow Your Owner-Client Relationships
Posted on 07. Sep, 2011 by Marc Courtenay.
Little things mean a lot in the property management business. Maintaining a strong rapport with your owner-clients derives from focusing on those “little things” and attending to the details that forge lasting loyalty and satisfied clients.
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Financial Management Plan
Posted on 01. Sep, 2011 by Mary Girsch-Bock.
If you’re actively seeking new clients (and who isn’t) writing a solid management plan can go a long way towards signing that management contract. Multi-unit managers in particular have to show owners that they can do more than simply collect the rent and evict non-paying tenants.
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Benefits of a Mandatory Renters Insurance Program
Posted on 25. Aug, 2011 by Melissa Foley.
Renters Insurance by definition is the combination of Liability and Content Coverage. In most markets, an owner can only require a resident to carry Liability coverage which essentially covers damage to the asset. Annual premiums are typically less than $9-$10 a month to the Resident. When partnering with a Preferred Provider, residents will be “pre-approved” and can obtain coverage quickly and easily. Residents have the options to add content coverage to protect their personal belongings in the event of such things such as theft, fire, flood, etc.
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Vice President Biden Rents Cottage to Secret Service
Posted on 03. Aug, 2011 by Nora Betz.
Joe Biden rents his cottage to the U.S. Secret Service, which is paid to protect him while at his waterfront home in the Wilmington area in Delaware. The cottage came available when the previous tenant moved out and the Secret Service is now paying the same amount of rent.
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Parents Are Buying Property for Their Kids
Posted on 24. Jun, 2011 by Nora Betz.
Some parents are taking advantage of the current slump in the real estate market and are purchasing real estate for their kids who recently graduated from school.
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Rentals with Hollywood Connections – These Could Be Yours!
Posted on 22. Jun, 2011 by Aimee Miller.
Now, finally these fancy Hollywood villas are a little bit more affordable….but that’s all relative! With the real estate bust now luxury homes are cheaper and when they don’t sell, these celebrity owners must offer them for rent. Here are a few famous houses on the rental market.
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Service vs Experience
Posted on 02. Jun, 2011 by Lisa Trosien.
I went flower shopping at Lowe’s this weekend. And while I hated fighting the crowds (it was even hard to snag a cart), I was able to experience two completely different kinds of service in the same department of the store.
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Technology Trends: What Residents Want (eBook)
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Always Get It In Writing And In The Lease
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Avoiding Craigslist Scams
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How To Cultivate New Clients In “The Garden Of Property Management”
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NARPM Florida State Chapter Property Manager Conference 2012
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Marc Courtenay: Thanks for your comment. Please consider sharing t...
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Ryan @ Green Bay Commercial Real Estate: At least in our market (Green Bay) it seems to be ...
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Tammy Davis: Great Advice!...
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Sandy: I have strong doubts that this was a professional ...
