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Archive for May, 2012

Seven Common Mistakes Many Small Property Owners Make – By Ted Loewenberg

Posted on 15. May, 2012 by .

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A friend of mine (Betty) rented an illegal unit for 23 years and established a close friendship with the owner, (Joanne).  During those many years, Betty spread out her belongings into places that were off limits to her, but Joanne said nothing.
Joanne said she didn’t get to the bank until after the middle of the month, so raised no objections when Betty paid her rent after the fifth. [...]

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Going after Business is the First Step in Dismantling Prop 13 – By Joel Fox

Posted on 15. May, 2012 by .

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In the article below, Joel Fox explains how the real target is all of Prop. 13.
Howard Jarvis Taxpayers Association.

There was another hearing on Proposition 13, the iconic property tax cutting measure, at the legislature yesterday. San Francisco Assemblyman Tom Ammiano wants to clarify change of ownership rules when business property changes hands and raise more tax revenue from businesses. But, what the public hears behind all this rhetoric is the chipping away of Prop 13′s taxpayer protections. [...]

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Intelligent Leasing Equals Better Ownership Experience – By Alex Moran

Posted on 15. May, 2012 by .

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Intelligent leasing is the foundation of a quality ownership experience.  The apartment building owner with an effective leasing strategy reaps tremendous benefits that his short-sighted or uninformed competitors are often missing out on.  You can enjoy having exceptional tenants, achieve the highest possible rents, have a virtually non-existent vacancy factor, and own the most intelligently positioned asset on the block if you want to.  Quality leasing is commonly an underappreciated skill that too many owners do not fully understand.  If you want to increase the quality of your ownership experience, start by improving your leasing methods. [...]

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This Activity Can Save You Time and Money for the Entire Year – By Kathleen Wilcox

Posted on 15. May, 2012 by .

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What is it?  I’ll give you a few hints “ it can lead to a reduction in those dreaded service requests.  It can reduce controllable expenses.  It can even increase resident satisfaction and lead to greater resident retention!
You guessed it.  ‘s the annual property inspection.  By performing this single task each year, you can extend the life of your equipment, reduce unexpected problems and lessen the likelihood of normal problems becoming more costly ones. [...]

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How Luxury Vinyl Tile Will Influence Your Flooring Decisions – By Dan Cochrane

Posted on 15. May, 2012 by .

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Commonly, Luxury Vinyl Tile (LVT) refers to vinyl flooring that is designed to imitate the appearance of various types of stone or tile. Vinyl Plank Flooring imitates hardwood flooring.  As such, they’re manufactured in square tiles or planks and are offered by most flooring manufacturers. For the sake of simplicity, we’ll refer to both styles as Luxury Vinyl Tile. [...]

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How to Protect Your Tenants and Buildings from Bedbugs – By Top Dog Pest Control

Posted on 15. May, 2012 by .

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More About Bedbugs
Bed bug infestations have undergone resurgence and can be found in the finest hotel and living accommodations. Due to changes in pesticides and an increase in travel, transportation of infested items such as, luggage, furniture, and bedding, we can’t stop the spread of these bugs. The detection of this blood-sucking bug is difficult in that it varies in size, feeds on humans mostly at night and hide in crevices during the day. The growth and development of these bugs is optimal when it feeds on us, however, this insect also feeds on other mammals like, birds chickens, mice, rats, and rabbits. Until recently, bed bug infestations were thought to be associated primarily with crowded and dirty homes. [...]

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No- Cost Energy Program Can Improve Your Bottom Line: Energy Smart Program Extended through December 2012 – By Lorna Leigh Ross

Posted on 15. May, 2012 by .

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Recession or no recession, apartment owners and managers, like you, are continually looking for ways to reduce costs and improve profit margins. Probably the easiest costs to reduce are those you feel you have some control over, typically the variable expenses. These include items like maintenance, security, and utilities, which are the costs that tend to rise over time. [...]

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What Are Landlords’ Responsibilities for Move-Out Inspections? – By Franco Simone, Attorney

Posted on 15. May, 2012 by .

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Q:  Should I do a pre-move-in walk thru with my new tenant?
A: Yes.  Before signing a Rental Agreement or collecting any rent or security deposit, DO A MOVE-IN INSPECTION!!!! It is best to use a written Inspection Checklist signed by the tenant, as it protects you in case of an eviction or a dispute arises with the Security Deposit accounting.  If you can, take pictures of the unit and be sure to make repairs on any items in need of repair prior to the move-in date. [...]

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Tenant Screening : A Landlord’s Guide to Serenity – By Stephen C. Duringer, Esq.

Posted on 15. May, 2012 by .

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Proper tenant screening is one of the most important things that you can do to preserve and protect your investment.  Additionally, weeding out the ne’er do wells before they become your problem tenants will certainly provide peace, tranquility and balance in your personal life.  This article will provide you with the knowledge and tools necessary to screen your prospective tenants properly and thoroughly.  Further, this article debunks certain myths that have been propagated by certain tenants’ rights organizations.  By implementing just some of the tools provided herein, you will be empowered to select the best and most qualified resident for your property. [...]

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Making Lemonade – Why Now is the Sweetest Time to Invest in Real Estate – By Breanna Olaveson

Posted on 15. May, 2012 by .

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The following is written for the individual who wants to invest and might be looking for that first rental property which may even be a single family home.

In today’s market, it’s not hard to find a few lemons.  The United States finished 2010 with a 9.4 percent national unemployment rate.  Americans’ personal finances have turned sour as more people find themselves out of work.  Companies are going out of business, and real estate prices are lower than they’ve been in decades.
But to make lemonade, all you need to add is a spoonful of sugar.  In this case, the sweetness is the tasty opportunity that accompanies a struggling economy.  People are reevaluating their careers.  Companies that make it through the economic difficulties will be stronger in years to come.  And rock-bottom real estate prices make now the perfect time to get involved in real estate investing. [...]

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