Necessity is the mother of invention, goes the old saw, and it’s never been truer than in this day and age. With construction on new housing at a slow down, the real estate market in a slump, and – on a seemingly unrelated note – more and more people calling for a global policy of reduce, reuse and recycle, the building and architecture industry has had to take some interesting twists and turns to get to the goal of providing the housing that is greatly in demand.
Today I reviewed over eighty tenant debt accounts and noted that the average balance due is significantly higher than a year ago. With the exception of the most expensive areas (such as California, New York City, and the northeast), the average amount of tenant debt is normally between $2500 and $3000.
If your time, aggravation and effort to rent a property yourself are worth the added income of $403.00 per year or $33.58 a month, then by all means you should not hire a property management company! During my daily activities driving around town looking at properties, I see many For Rent By Owner signs on lawns of vacant rental property. As I see these signs, I find it interesting that the owners have not asked themselves, is it really worth it?
Generally, the review is based on comparable properties in the area and may require some research on the part of the homeowner. If they require assistance, all they need do is contact a local realtor specializing in their area, and the information will most likely be provided free of charge.
Tenant inability to perform commercial lease obligations? Landlord options? Tenant personal property? What to do?
Circulation pumps that are only activated by demand cuts the cost of heating domestic hot water using boilers or commercial water heaters (central hot water system) by 30% or more. (California Energy Commission tests indicate an average of 37% savings!) For use in apartments and condominiums, hotels and motels and military and student housing.
Many larger companies use newsletters to keep employees knowledgeable about what is happening within the company. The newsletter for apartment management companies typically list the employees that have reached some kind of milestone, whether it is length of time with the company or some particularly excellent work.
After being away from the home for most of the winter, the family arrived only to find that there had been a leak in the kitchen which had dripped for many months. Well, you can imagine the damage. The leak had wended its way from the P trap below the kitchen sink to flood the lino and the floorboards. It then slowly worked its way into the hallway and the floor boards of the first bathroom. The damage was extensive. You Can Avoid This!
The Fair Housing Act of 1968, as amended, prohibits discrimination on the basis of race, color, religion, nationality, familial status, age, and gender. Many state and local laws also forbid discrimination on the basis of sexuality or source of income, and the Americans with Disabilities Act makes it illegal to discriminate against the disabled. If you harbor any such prejudices and would allow them to come into play when renting a housing unit, then you’re probably not cut out to be a landlord. However, many sincere real estate investors make honest mistakes that result in discrimination lawsuits. The best way to avoid them is to be informed.
Since 2001, the number of black mold cases has steadily risen. Every year there are billions of dollars in lawsuits. Because of this, insurance companies have stopped carrying mold coverage. The new suits are brought against landlords, builders and property owners.
