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Home · Property Management · Rent Magazine (Page 11)

By: Paul H. Glass, CPA DO YOU HAVE AN EXCESSIVE PERCENTAGE OF YOUR NET WORTH TIED UP IN ONE OR MORE REAL ESTATE INVESTMENTS? If so, you should investigate a strategy that can reduce your taxes, diversify your holdings, grow your estate, fund your charitable interests and protect your assets. Asset allocation involves dividing an…


While the percentage of aging Americans opting into the multifamily living environment has seen a significant boost in recent years, according to a study released by the Mortgage Bankers Association, owning a home is still the favored method of insuring one’s financial security throughout retirement. Mortgage Bankers Association’s Research Institute for Housing America recently released a report…


It’s inevitable that landlords and property managers will experience resident negligence that leads to unintended damage to the unit. Although residents may think they are engaged in innocent actions, landlords and property managers may wonder “what the heck was that resident thinking?” after coming across the by-products of these actions. Further, your net operating income…


Residents of an apartment complex in Iowa will be sharing a $2.45 million dollar settlement after a major bedbug outbreak occurred at the building. According to a report, the class action lawsuit, which involves 300 current and former tenants, has been going through the courts for four years and eventually ended up in the Iowa…


It’s becoming more common place in today’s litigious world for tenants to fight an eviction filing. There are a couple of reasons for this. First, there are more tenant advocates offering low cost legal services to tenants who say they’ve been wronged, and more tenant attorneys willing to take on what they see as the…


By: Brain Gordon & Vincent M. Medina, Owners of Lotus Property Services Why Investing In Apartments Is A Smart Move! Why would you invest in anything else other than real estate, and better yet, other than apartment buildings? Perhaps a stock broker might have a different opinion but we are not looking at Wall Street…


By: Michael Blank A deal comes in for a 12-unit apartment building from one of your brokers. He faxes you a rent roll and a list of expenses. The asking price is $575,000, and he’s asking for what you want to do. It’s relatively easy to answer the question “is this a deal?” (the answer is…


Contract law is pretty straightforward. It would seem that whatever is spelled out in the lease agreement should be enforceable, so long as there’s a tenant willing to abide by them. Unfortunately, that’s not how it works.  Property management carries a significant level of regulation and local laws often supersede the language of a lease agreement,…


By: William L. Exeter, President/CEO of Exeter 1031 Exchange Services, LLC. Each month we find it helpful to review some of the common questions we receive about 1031 Exchanges. Your questions are always welcome. We invite you to submit them to us at aptmag@exeterco.com or by posting them to the Exeter Discussion Board at exeterboard.com ALLOCATION OF COST…


By: Bob Machado, President and owner of HomePointe Property Management If you have an apartment building with 16 or more units in California you must have a paid employee on site living at the building. This responsible person must be paid in accordance with State and Federal rules and regulations. You cannot consider this person…

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