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Friday, November 20, 2009


Welcome to the AAOA Forum, where we discuss the the topics our members want to hear and want to talk about. We like to take an active roll in the online community to help our members learn and help educate landlords new and old. We encourage you to participate and join in our discussions. Thanks.

Energy Upgrades May Earn You Rebates

5 tips to lower heating bills in the coming months

by David Lowe

Farmer’s Almanac is predicting below average temperatures for 75 percent of the country.

BlizzardHere are five things owners and landlords can do to get ready and reduce their utility bills — and they are easier to do now when it is still warm than wait until winter. 

Caulk and seal all windows and doors. Ensure their is no outside air leaking into the house. Also, add insulation to your attic and crawl spaces.

Change your air filters. 

Service your furnace or boiler now. Not when the first cold hits and the HVAC companies are the busiest. Also, many utility customers don’t realize that they have an annual service plan that includes a free annual tune up. Check with your utility company first.
 
Install a programmable thermostat. One of the easiest ways to save by setting back the temperature at times when the home is unoccupied. ControlTemp thermostats can run on a schedule to automatically adjust the temperature through the day and tenants are prevented from disabling the schedule.
 
Check www.energystar.gov for a list of rebates in your area for energy saving products. Some utilities and municipalities are offering great rebates such as in Charlottesville, VA the town will reimburse you up to $100 toward the purchase of a programmable thermostat.
 
 
David Lowe is a property manager and co-founder of ControlTemp Thermostats, providing tamper-proof programmable thermostats. Check out ControlTempThermostats.com for more information.

See our Green Forum for more energy savings tips.

American Apartment Owners Association offers discounts on products and services for landlords related to your real estate investment including REAL ESTATE FORMS, tenant debt collection, tenant background checks, insurance and financing. Find out more at joinaaoa.

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Making Every Dollar Count: Money Saving Tip for Landlords

Extending the Life of Your Heating and Cooling Systems
 
Money down the drainTenants don’t always have energy savings in mind. Many do not realize which appliances or practices costs them the most in high energy bills. 
 
If you think your tenants’ bad habits don’t matter to you as a property owner, think again.
 
“Inefficient use of your heating and cooling appliances results in higher repair costs, and early replacement of those systems,” according to home energy expert David Lowe with Control Temp Thermostats.
 
The ratings you see for energy efficiency convert into dollar savings and losses.  A 60% efficiency rating not only means 40% of your money slated for energy costs is being wasted, but your appliance is still working hard, and wearing out. 
 
Grab the Reins
 
Don’t assume your tenants know the best way to use your appliances.
 
“Orient your tenants on the proper use of the heating, cooling and hot water systems in your rental,” Lowe continues.  “For instance, tell them to keep the hot water heater at 120 degrees, and set a maximum heating and minimum cooling temperature.”
 
You can also save by installing programmable thermostats that lower energy usage and wear and tear on motors and fans at times when maximum heat and cooling isn’t needed.
 
Lowe suggests tamper-proof thermostats that cannot be moved higher or lower than the suggested temperatures for energy efficiency, especially if you have a vacation or short-term rental. 
 
You can also save by instructing tenants to keep furnishings away from vents and returns. “Blocking air flow decreases efficiency,” Lowe says.
 
Also, consider installing low-flow shower heads to reduce the need to heat water. 
 
When every dollar counts, educating your tenants on proper energy usage not only saves in the short term with lower utility bills, it can extend the useful life of your valuable investments.
 
American Apartment Owners Association offers discounts on products and services for landlords related to your real estate investment including REAL ESTATE FORMS, tenant debt collection, tenant background checks, insurance and financing. Find out more at joinaaoa.

To subscribe to our blog, click here.



How to Turn $20 Into $100

Woman throwing moneyThrough June 30, 2009, Sprint is offering $100 to AAOA members who transfer phone service.  In addition, if you purchase a qualifying plan, you will receive discounts from 17% and up on service, including special discounts on corporate plans.

This offer is part of AAOA’s new Super Saver discount buyer’s plan that can save you serious money on everyday business needs.  Super Saver is available to AAOA members for just $19.99.  Super Saver is free with our Premium membership.

Leveraging the power of our large membership base, we have teamed with Staples, FedEx, and Sprint to offer you deep discounts that you won’t find elsewhere on phone, shipping and office supplies.

In addition, FedEx is offering up to 50% off its standard shipping prices with the AAOA Super Saver plan. 

Staples is offering AAOA members access to its exclusive “Unbelievable” catalog, featuring over 4,000 items at significantly lower prices than the standard catalog, plus free shipping on orders over $50.   Be sure to order your free Unbelievable catalog when you place your first order with Staples.

“These are some of the best discounts available,” says Dan Page, AAOA’s Business Development Director.   

New partners are being added regularly so watch for annoucements of great deals for our members.  “Participation in Super Saver is just twenty bucks, but it can save you hundreds of dollars annually,” says Page.  

The new Super Saver plan is available to all AAOA members.  If you are a member, just log in and follow the Super Saver icon to sign up.  Super Saver is free for Premium members.  Other members can add on the program for just $19.99.  

See more at Super Saver, or look for the Super Saver icon on the site at www.joinaaoa

American Apartment Owners Association offers discounts on products and services for landlords related to your real estate investment including REAL ESTATE FORMS, tenant debt collection, tenant background checks, insurance and financing. Find out more at joinaaoa.

To subscribe to our blog, click here.


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Top 10 Money Saving and Money Making Tips of 2008

CountdownWe’ve brought you dozens of money saving tips over the year. Here’s a countdown of some of the best technology and money making ideas of 2008, so you can save even more in 2009:
 
The simplest, easiest ways to lower your costs:
 
1.  Over liners.  These drip-catching, energy saving liners are CHEAP, and save you a bundle.  See  Make Oven Cleaning a Thing of The Past.
 
2.  Recycling electricity.  A simple appliance can save you as much as 25% on energy costs in your office, common areas, and rental spaces.
 
3.  Keyless entry systems.  No need to re-key each time a tenant moves out, plus an easy way to provide security when vendors need to come on site.  For more, read Keyless Entry, 5 Ways to Save Money.
 
 
Put Money in Your Pocket, and a Smile On Your Face:
 
4.  Part-time rentals. Are you away from home part of the year?  Do you have a get-away home?  Find out how you can rent part-time without paying out in taxes.  See Put Part-Time Rental Cash in Your Pocket.
 
5.  Tenant Debt Collection. Do you have old, uncollected tenant debt?  You need to read Are You Leaving Money In Your File Drawer?
 
6.  On-site Vending Machines.  From beverage delivery to tenant recreation, these machines can offer landlords additional income. Check out the possibilities in Vending Machines Bring in Extra Income.
 
7.  Common area laundry.  Not only an environmentally sound choice, but a great way to earn a little income and save on burdensome maintenance repairs.  See how it works in Are You Taking Advantage of This Revenue Stream?
 
 
Reap the Rewards of Proper Planning: 
 
8.  1031 Exchange Fees.  Using an exchange agent who pays you interest on your funds can pay for your exchange fees.  Find out how in Interest on Your Funds Can Pay for Your 1031 Exchange.
   
9.  Avoiding over-insuring. Don’t throw money away on a too-beefy property insurance policy.  Learn more in Over-Insuring Is Killing Your Profits.
 
 
And last but not least, use preemption to avoid costly tenant disputes:
 
10.  Minimizing tenant property damages. You have options when facing a messy tenant eviction.  Learn more in How to Evict Tenants Without Property Damage
 
 
 
American Apartment Owners Association offers discounts on products and services related to your commercial housing investment including REAL ESTATE FORMS, tenant debt collection, tenant background checks, insurance and financing.  Find out more at www.joinaaoa.org.  

To subscribe to our blog, click here.

 
 
 




Little Caesars Offers Franchise Deals For Veterans

Franchising is a booming business concept that allows entrepreneurs to be in business for themselves, but not by themselves, providing a potential business owner with a chance to align with a recognized brand and proven method of doing business. Franchises account for more than $1-trillion in annual sales, according to industry source, FranData. 
 

SoldiersFranchise giant Little Caesars is focusing on giving back to those who have served their country. 
 
It’s goal is to provide honorably discharged veterans with a business opportunity when they transition to civilian life or seek a career change, and thank them for the sacrifices they and their families made for our country.
 
Founder Michael Ilitch, himself a former Marine, understands what it’s like to face life transitions.
 

The Little Caesars Veterans Program provides the following benefits for all qualified honorably discharged veterans:  

  • a $5,000 reduction of the franchising fee,  
  • financing benefits and,  
  • a $5,000 credit on the equipment order for the first store.
Service-disabled veterans are eligible for additional benefits, including a waived franchising fee ($20,000), additional financing options and benefits, a $10,000 credit on the initial equipment order and grand opening marketing support from leading national companies.
 
The total benefit for service-disabled veterans can be approximately $68,000.

 
For more information on this and other franchise opportunities, Click Here.
 
American Apartment Owners Association offers discounts on products and services related to your commercial housing investment including REAL ESTATE FORMS, tenant debt collection, tenant background checks, insurance and financing.  Find out more at www.joinaaoa.org.

To subscribe to our blog, click here.



Best Plan for Insulating Garage

by Bill and Kevin Burnett, Inman News

InsulationQ: I have an open ceiling in my garage that is insulated with paper-backed R-13 batts with the fiberglass exposed and held in place by metal strips. The ceiling has a lot of pipes and wires running over the ceiling joists.I plan to install poly-encapsulated R-19 batts into these spaces.

Is it better to remove the old insulation, then install new insulation?

Or can I leave the old insulation, remove the metal strips and fit the new insulation into the space? Another option would be to leave the old insulation and use a foil insulation product to enclose the ceiling.

Read the rest of this entry »



3 Easy Ways to Improve Your Property`s Value

Kitchen cabinetsMoney spent on kitchen upgrades has remained a good investment for your rental property.  But with the housing market is flux, saving money on kitchen upgrades makes even more sense. 

There are three easy ways to add big impact in the kitchen without the bloated price tag of an overhaul:  Read the rest of this entry »



Curb Appeal Tips That Pay Off

by Dian Hymer, Inman News
House paintImagine going on a job interview looking shabby, or trying to sell your car for a good price when it’s filthy and loaded with stuff. In a competitive market, you wouldn’t do well.The same can be said about selling your home. If it looks neglected and in need of work, some buyers won’t even take a look. This is particularly the case in today’s market where, in many parts of the country, there are far more homeowners anxious to sell than there are buyers interested in buying. Read the rest of this entry »



Top Tax Deductions for Landlords

Part One: Home Office Deduction May Include Your Garage 

written by Kevin Clark

RealTaxTips.com

TReXGlobal.com

Home officeExpenses for your home office or workshop used to manage your rental property are considered deductible expenses only if you used a portion of your home exclusively and on a regular basis as your principal place of business.Even your garage may be considered storage for your tractor to cut the grass or to hold furnishings you supply.

Certain requirements must be met, so be sure to consult with a tax adviser.


You can deduct a portion of your utilities, real estate taxes, mortgage interest, rent, insurance, repairs, depreciation, and any other expense related to your home.The percentage of actual expense that is able to be deducted is determined by the total square footage of your home office in relation to the size of the entire building.

For more Tax Tips and Tax Saving Web Tools like DepreciateEm.com and DeferEm.com, check out TReXGlobal.com.

American Apartment Owners Association offers discounts on products and services related to your commercial housing investment including REAL ESTATE FORMS, tenant debt collection, tenant background checks, insurance and financing.  Find out more at www.joinaaoa.org.

To subscribe to our blog, click here.

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Property Taxes Too High? Get Reassessed

by Tara-Nicholle Nelson, Inman News

Profits upQ: I own a home in California. Like everyone else, times are tough. I’m not looking to sell my house or anything, but I stay up on what homes are worth in my neighborhood and values have definitely taken a hit.

A few weeks ago, I got my new tax bill in the mail, and it showed that the assessed value of my home, for purposes of calculating my property taxes, went up 2 percent from the assessed value last year. I guess the tax assessor doesn’t read the newspaper!

I have gotten a couple of letters in the mail from consultants who claim they can get my property taxes lowered, but a couple of my friends say they have done this on their own.

Is it wise for me to tackle this myself?

Read the rest of this entry »



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