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Author: Nate Bernstein, Attorney – Managing Counsel of LA Real Estate Law Group and creater of www.laquiettitleattorney.com  These gems are gained from 23 years of experience in representing business and property owners on the front lines of hard ball commercial litigation practice. 1. Do not place the title of all personal and business assets in your name,…


Problems can arise when you least expect it. From sudden blizzards and flooding to HVAC and electrical breakdowns, property managers and owners need to respond fast to keep their tenants happy, but depending on the problem, it can affect an asset’s NOI. You can’t prepare for everything, but you can minimize your exposure. Last Sunday,…


One of the critical strategies involved in purchasing and owning rental properties is using leverage. In a perfect scenario, you will purchase a property primarily using borrowed money. Then, the rent income from the property will not only pay the mortgage, but it will also provide you with a small profit. Over many years, that…


The added income from a rental property can look very appealing to a young entrepreneur or someone seeking assistance with property payments. A first-time landlord should be acutely aware of the broad spectrum of duties expected from a rental property owner. Tenant expectations are just as important as the expectations held by local and federal…


We talk about the importance of relationships with our clients and tenants. However, what many property managers fail to do is take good care of their contractors. Over the years, I have had so many contractors come to me for advice on how they can get ‘other agents’ to pay them on time like our…


In any business, customer service is going to be a huge part of your success. The people who pay for products and services will keep you in operation or put you out, so making them a top priority is key. Many landlords don’t realize it, but customer service plays a substantial role in tenant retention….


The formation of a Limited Liability Company (LLC) entity can be extremely useful if you are a rental property owner. It allows you to protect your assets, gain tax benefits for your rental property, and manage any property ownership transfers in a more convenient way. This article explores the legal, tax and property transfer benefits…


Tyler Laprade is a software developer in Manhattan — and a landlord in Ohio and Alabama. The 24-year-old was already invested in the stock market, but he wanted to diversify, as well as receive steady monthly income from his investments. “The market’s good sometimes, it’s bad sometimes, but rental income is consistent. Each month you…


1. Cash Flow per Unit Affordable housing developments are typically not designed to generate rich cash flows by nature, due primarily to rent restrictions. The standard cash-flow metric is defined as total net operating income net of operating expenses, required replacement reserve contributions, and mandatory debt services on the so-called hard debt. “Per studies produced…


Question: I am a property manager at a low-income apartment complex. Last year, a tenant in a wheelchair told me that she needs the carpeting in the unit changed because her wheelchair gets caught in the fibers, making it difficult for her to move forward. We understand that we have responsibilities to accommodate people with…

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