RECENT BLOG POSTS
The trend of prohibiting smoking in public locales is spreading to the multi-unit housing industry. I've highlighted the benefits of making a multi-unit housing (MUH) property a smoke free zone below; Increased Property values and Higher Rental Rates The demand for smoke free housing is on the ri...
03/03/2014
The gift tax is a tax imposed on the transfer of ownership of items or property. The IRS defines, a gift as "Any transfer to an individual, either directly or indirectly, where full consideration (measured in money or money's worth) is not received in return." A taxable gift can be cash, stocks, ...
02/27/2014
According to the business dictionary an asset is defined as something valuable that an entity owns, benefits from, or has use of, in generating income. In the property management and landlording industry there are certainly a big list of items that should be copiously tracked to ensure the best ...
02/24/2014
As a landlord if you find yourself in a situation where your tenant is not paying rent on time, immediately initiating legal action is a must. Legal action must be taken to avoid months of lost rental income.It can really be frustrating if your tenants are not paying their rent on time. You may w...
02/20/2014
No landlord ever wants to get notice that they are being sued by one of there tenants. With that being said, landlords must take every precaution to ensure they are following all of the local and federal laws in place. There are general guidelines that rental property owners or landlords must fol...
02/19/2014
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Wouldn’t it be nice to have rental property software that can help you streamline your rental property business operations? Or keep your accounts simple and accurate as well as marketing your vacant units easily? Of course it would be! For rental property managers like you, rental software is a p...
02/18/2014
Vacancies in rental units are bad news for property managers and owners since they can ruin the rental property business cash flow. With that being said, it is important that vacant properties not stay vacant for a long period of time or else, you will lose income. Property managers in the renta...
02/13/2014
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Tenant retention is obviously one of the key factors when analyzing profitability of a real estate rental business. As landlords and property managers we know that retaining our current tenants is far less costly than having to find new ones. A vacant property can have a myriad of costs associate...
01/30/2014
As a landlord or Property Manager, dealing with a meth lab can be a daunting and very expensive task but did you know that even after the clean up you may still be required to disclose the fact that meth was previously cooked at your property? In fact, a little over half of the states in America ...
01/20/2014
Rentec Direct, maker of leading property management software, announces new and improved tools to help property managers and landlords keep track of and file there 1099's. Property managers can now easily fill there biggest IRS obligation; filing 1099′s.Rentec Direct provides a detailed report th...
01/17/2014