Well, OK, it’s the MOST we can do, but we couldn’t let the pun pass us by. #NoApologies The Royal Rose Properties lease is 21 pages long. 13 of those pages are the actual lease agreement itself; the other 8 are supplementary forms and checklists — oh, and the pet policy is a separate 2-page […]
You don’t HAVE to do these things at Christmastime…but it’s a great landmark to work from. Every property needs regular maintenance, and not all maintenance happens on the same schedule. Some things need to be done monthly, like a basic drive-by-and-look checkup. Some need to be done once a season, or just at the […]
“There is the mistaken thought that ‘fair’ or ‘consistent’ are intended goals of the system. Fair doesn’t and won’t enter into it. People who insist on working with a system that is intended to be fair and consistent should take up a team sport, or maybe get arrested.” — Craiglist Employee Craiglist is, despite […]
The FHA is much like the Wu Tang Clan — nothing to…ahem…mess with. The Fair Housing Act (FHA) — 42 U.S.C. § 3604(c) — makes it illegal to: make, print, or publish, or cause to be made, printed, or published any notice, statement, or advertisement, with respect to the sale or rental of a […]
Some things are worth the money. Some things aren’t. Every lawyer loses some cases and wins others — so how do some lawyers charge ten times more than others? There are some pretty fundamental theorems of economics that almost everyone accepts as given. The principle of supply and demand, for example, tells us (among other […]
Michigan Landlords: Are You Safe from Utility Liens? Do you owe thousands of dollars for a years-old utility bill you never knew your tenants hadn’t paid? Did you know that unpaid bills from public utility providers can easily become a lien on your property? From Michigan State Law 141.121, Section 21 of the Revenue Bond […]
I’ve been told that “ruHra’wI’” means “property manager” in Klingon…but that’s not really what we’re talking about here. We’ve previously written at length about how a property manager wears a lot of hats. We take care of the physical structures our clients invest in, the fiscal aspect of the investments, ensuring that those properties turn […]
They should, obviously, but many don’t. Let’s talk about why. In the end, there’s a huge pile of reasons why hiring a property manager (PM) is a good idea for anyone who is trying to turn real estate investment into their next income stream — no one really questions that. The question that PMs ask […]
If you’re not keeping track of the condition of your rental properties, who is? There are four basic kinds of rental property inspections that a property manager or investor should perform regularly: move-in, move-out, drive-by, and in-home. If you’re not doing all four (or having them done by someone you trust), you’re putting yourself into […]
Managing one or more rental properties means you will naturally have to handle a variety of tenant concerns and complaints. Below are some of the most commonly stated tenant complaints, with tips on how to avoid or deal with each. From disagreements about the return of a security deposit to property access, and even commonplace repairs […]