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Archive for February, 2012

For Your Residents, What Is “Best” Service? © – by Ernest F. Oriente, The Coach

Posted on 28. Feb, 2012 by .

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“Best” service, especially in the property management industry, can be deceiving because the needs and expectations of your residents are changing and evolving rapidly.  In addition, your residents are comparing your apartment communities to both your competition and to best service with every company, product or service they experience.  By reading this article, you will learn the steps for developing a system so your residents can tell you exactly what best service means to them! [...]

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Due Diligence – The Extras That Make the Difference – By Patty Purdue

Posted on 28. Feb, 2012 by .

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The Due Diligence process is the art of inspecting the asset prior to signing the contract to purchase the property.
In this article we are going to speak about the “EXTRAS” that should be included in the Due Diligence process and the reason why you should demand this as part of your program.   [...]

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How Internet is Changing the Renting Game – By Rusty Heyman

Posted on 28. Feb, 2012 by .

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The way that we market to potential residents is changing.  The fact that potential residents are using the Internet to search for properties is nothing new, but there has been little information about how they are searching.  One of the most interesting items is the increasing importance of social media–not the social media that we normally think of such as Facebook and Twitter, but social media sites that provide online ratings. [...]

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The Secret Potion for Growth in the Apartment Market – By Patrick Simons

Posted on 28. Feb, 2012 by .

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The economic shocks of 2007-2009 are still fresh in the collective mind of the real estate industry.  So, despite the dramatic rebound in apartment fundamentals and the new surge of apartment development activity (or perhaps because of it), many apartment industry insiders and outsiders are questioning how long it will last. [...]

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Should You Refinance Your Apartment Building? – By Bud Smythe

Posted on 28. Feb, 2012 by .

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As we all know, the economy is in a deplorable condition with the resultant high unemployment and slow, or perhaps no, economic growth.  On the surface, it would appear that this is an appalling situation and can do nobody any good.  However, there is one aspect of this situation which can be of benefit to apartment building owners.  Currently, interest rates for the financing of income producing property are at an all time low which offers the apartment building owner the opportunity to refinance their property. [...]

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Trends in Fair Housing Every Owner Should Know – By Jo Becker

Posted on 28. Feb, 2012 by .

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Here at the Fair Housing Council, (FHCO) we make ourselves available to those who feel their fair housing rights have been violated, as well as to those with fair housing questions, including housing providers!
For those of us who teach fair housing or write articles on this important industry topic, the neat thing is that there is never a shortage of topics to discuss or information that we can share. Some of the fair housing teachers/writers joke amongst ourselves that we will never find ourselves out of a job.  But you might find yourself out of a job (and relieved of some of your money and assets, too) if you do not keep up with the emerging trends in fair housing today.  Let’s explore some of these: [...]

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MRLANDLORD.COM Tips on Management 10 Guidelines to Follow When Rent is Not Paid – By Jeffrey Taylor

Posted on 28. Feb, 2012 by .

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1. We get what we allow.

2. Be businesslike and professional, even with just one rental. [...]

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Independent Contractor Versus Employee Status – A New Focus of the IRS – By David Silkman

Posted on 28. Feb, 2012 by .

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If you are a business owner, whether you hire people as independent contractors or as employees will impact the amount of taxes you withhold from their paychecks, as well as how much and what types of taxes you pay. Furthermore, it will affect how much additional cost your business must bear, what documents and information must be provided to you, and what tax documents must be given to the individuals you are hiring. [...]

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Bed Bugs Revisited by – Michael A. Brennan, Esq.

Posted on 28. Feb, 2012 by .

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Potential Link Between Bed Bugs And Disease Could Raise Landlords’ Potential Liability And Provide Tenants With A Stronger “Habitability” Defense
Most landlords have already heard the news about the increasing rate of bed bug infestations in rental housing units across the country. In fact, several of my clients have already had tenants use bed bugs as the basis for a “habitability” defense in eviction actions for non-payment of rent. However, unless the entire property is infested, judges have generally shown restraint in permitting tenants to escape their rental obligations merely by claiming their unit had bed bugs. However, that may change soon. [...]

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Workers’ Compensation and Health Care Reform – By Hub International

Posted on 28. Feb, 2012 by .

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In the wake of sweeping changes in the U.S. health care system, employers are forced to evaluate the way reform will affect their bottom lines. One factor that was largely left out of the focus of health care reform – but is certainly linked to it – is workers’ compensation. The program represents less than 2 percent of U.S. medical spending, and thus was fundamentally ignored in the 2010 legislation that overhauled the nation’s health care system. Employers are left to wonder what change to expect in future workers’ compensation claims. [...]

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