Tag Archives: owners
Posted on 08. Jul, 2015 by Rachel Jefferson.
There are both positive and not-so-positive things to consider before renting out your home and becoming a property manager. Pros include an increase to your income and a steady cash flow. But being a landlord may require you to go out of your comfort zone and deal with emergency maintenance or difficult renters. Before taking the next step, here are a few tips from Trulia to […]
Posted on 02. Jun, 2015 by Marc Courtenay.
The list of quandaries property managers and landlords face when dealing with difficult residents is long. The good news is that solutions exist and having them can make all the difference in the world. Property managers and landlords need to know their rights, the laws of the state they live in, as should residents. When […]
Posted on 12. Mar, 2015 by Marc Courtenay.
Opportunity is often disguised in distressful situations. Property managers know that all too well. Many have shared with me how they turned “lemons” into “lemonade” by their careful vigilance. Recently The Federal Housing Finance Agency (FHFA) announced new requirements for sales of non-performing loans (NPLs) by Freddie Mac and Fannie Mae (the Enterprises). This involves […]
Posted on 03. Mar, 2015 by Marc Courtenay.
Often in my articles I’ll comment on smart ways for property management companies to grow their existing businesses. Organic growth is the primary approach but not the only one. Another hot topic for property managers is how to stay one step ahead of the competition. With the assistance of the latest technologies you can save […]
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.