Landlord Quick Tips

Common landlord mistakes that can trip up landlords is the topic this month as attorney Brad Kraus urges landlords to win the race with bad tenants. By Brad Kraus Attorney, Warren Allen LLP Imagine you entered a relay race, competing with one other team for a prize you desire. You’ve ran hard, persevered, but rather…

The U.S. Department of Housing and Urban Development’s (HUD) definition of an Assistance Animal is: “An Assistance Animal is an animal that works, provides assistance, or performs tasks for the benefit of a person with a disability, or that provides emotional support that alleviates one or more identified effects of a person’s disability. An assistance…

You don’t wake up every morning with the intent or desire to fail. That’s just not how we, as humans, operate. And yet, I continue to see many real estate entrepreneurs struggling to build successful businesses while also creating lives they enjoy. It’s important to recognize that as a real estate salesperson, you are a…

In 1985, the Robert Zemeckis’ blockbuster success, Back to the Future, landed in theaters. The movie thrilled audiences with its nostalgic view of the past (1950s) and its futuristic predictions of the future, like 24-hour-a-day news stations. This might sound twisted, but I love the moment when Biff repeatedly thwaps George McFly on the forehead…

1. Putting Yourself In Their Shoes Is Key I’ve noticed that a lot of the big landlords have been successful for so long that they start to lose touch with the challenges tenants often face. Moving and finding another place to live is incredibly stressful for all income classes—especially someone who lives paycheck to paycheck….

Utilities are among property managers’ top operating expenses, according to the NAA’s most recent Survey of Operating Income and Expenses. Rising utility costs and unforeseen rate hikes coupled with increased utility billing regulations, as well as renter expectations of online payment options, have created a conundrum for multifamily owners who realize they must come up…

“Cameras can be part of a security program, but they’re not the security solution itself.” That’s the first thing to understand about video surveillance systems for apartment and condominium projects, according to veteran security consultant Michael Silva, CPP. You need to establish your security needs and develop a comprehensive security plan in the early stages…

Q: I’m a renter living in a Midtown co-op, subletting my apartment from a shareholder. The co-op board recently changed its rules, and now requires all shareholders and subletters to purchase renters insurance. But my landlord is the shareholder, not the co-op, so am I really required to follow the co-op’s policy? Since my sublease…

Keeping onsite associates in the fold is a challenge for many apartment communities, regardless of the economy. The jobs are demanding and can be quite stressful. The National Apartment Association has said the average multifamily property has an employee turnover rate of 32 percent. This challenge has intensified in recent years as a booming labor…

Residential real estate prices are climbing in many areas, and rental rates are strong. To take advantage of this favorable situation, you might be thinking about buying a new residence and converting your existing place into a rental property that you can sell later for a higher price. Good idea! Of course, converting a personal…