Property Management News
Late rent payments may be one of the most common — and troublesome aspects of being a landlord. Unfortunately, your bills won’t wait for a tenant who’s slow to pay. Strategies for Avoiding Late Payments Make sure your lease provides a specific due date. If your standard lease allows some wiggle room — a “grace” period, you may actually be encouraging late payments. Also, if you have a policy of adding on late charges, the tenant may choose to be late and plan to pay the fee. The reason this happens is that late fees are so heavily regulated, it’s nearly impossible to charge enough of a penalty to serve as a deterrent. Gone are the days when... Read more
by Russ Whitney Believe it or not, when I first got started in real estate I only needed $1,000. You don’t need much more than that even today. And yes, I was able...
New Timelines Take Effect in June The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to develop enhanced and aligned strategies for...
by Brian Davis Vacant rental properties can certainly be compared to a migraine headache. A pounding headache that will only be cured by one remedy- a paying...
Landlords and property managers in Los Angeles who have adopted online rent payment procedures soon will be required to offer an alternative method of payment. Last...
Although commercial real estate markets showed signs of recovery in 2011, commercial lending standards have tightened in the past year for small businesses and scuttled a major portion of contracted transactions for smaller properties, according to the National Association of Realtors® annual Commercial Real Estate 2012 Lending Survey. Lawrence Yun, NAR chief economist, said there is a significant split in commercial lending depending on value. “This is very much a tale of two markets. There have been notable improvements in capital for large commercial transactions valued at $2.5 million or higher, but there remain significant challenges for small business,” he... Read more
Tenants in Columbus, Ohio were given an ultimatum by their landlord: sign a lease addendum taking responsibility for any bed bug outbreaks, or move out. One tenant, who...
In a 4-3 decision, the Court of Appeals of Maryland last week ruled that owners of pit bulls, or mixed breed pit bulls — and landlords who allow tenants to have...
Median rents rose 2 percent from February 2011 to February 2012, but home values continued to fall, declining 4.5 percent during that period, according to the February...
After witnessing his tenant trying to skip out on the lease, a frustrated landlord wanted to find out where the deadbeat was headed in a U-Haul. Falling back on his...
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