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Statistics |
| Unique Visitors: 11 |
| Total Unique Visitors: 51764 |
| Visitors Out: 949 |
| Total Visitors Out: 1968 |
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| Test |
| 2008-01-09 23:17:43 |
RSS check...
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| What are the ethics involved in property management companies also providing maintenance and repairs? |
| 2006-08-30 16:20:07 |
What are the legalities involving a property management company (pm) that charge you a low management fee but have an in-house maintenance and repair company? In my opinion this is a bait and switch concept. Though not illegal it could be unethical especially if any profit derived from the maintenance company is not disclosed to the owner. Property managers are licensed by the state and owe the owners a fiduciary obligation, which means in simple terms to act in a position of trust for the benefit of the principal (owner)....
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| Telecommuting: A Gas Crisis Solution |
| 2006-06-12 14:21:18 |
The greatest benefit of technology is that it affords us more choices. The concept of the home office gives us the 'drive less/spend less' choice. Reducing demand for foreign oil will help lower prices, help our communities reduce pollution and traffic, and afford more people the benefit of more time at home with their families while increasing productivity and pressuring oil producers to lower prices.
We all need to work together to help our country in this time of crisis....
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| I have several small residential investment properties which are professionally managed. Should my property manager be available to take my calls? |
| 2006-06-12 14:18:50 |
You have posed very good questions. The answer lies in understanding, 1.) What you want from your manager; 2.) What you should expect from your manager, and; 3.) What you are getting from your manager.
Small properties have difficulty attracting quality professional management. Typically, top management companies will not manage properties with less than 100 units because they are not economical to manage.
Now, to your questions: What should you do to reach your property manager? I suggest you use standard means. When you call her office and she is "out in the field", she's probably inspecting properties. So, you should leave her a message. Don't pretend you have an emergency at 8 or 9 p.m., just leave a message....
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| Should You Buy, Sell, or Exchange Up? |
| 2006-05-01 12:26:19 |
Despite all of the Wall Street blather about a housing bubble, the market in the southern part of the United States is moving ahead at a 3-6% annual increase (10% down on a $265,000 is a $26,500 investment that returns 30-60% on down payment and gives you shelter and tax advantages). These numbers work for all price ranges of income property....
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| I am worried about the condition of one of my self-managed units. Do I have the right to inspect it? |
| 2006-05-01 12:16:37 |
In California, you simply post a written 24 hour notice. In Arizona you must post a written notice 48 hours in advance of the inspection. It is best to make an appointment so that the tenant can be home. Do not be put off by any excuse. It's a good idea to bring a general contractor or maintenance supervisor and do a thorough inspection. Make sure all items (especially health and safety related) are put on the general maintenance schedule and repair work is completed....
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| Should someone looking into buying a condo be concerned if a community is self managed? |
| 2006-04-21 15:35:20 |
Now, as far as self-managed communities are concerned, you should remember that they are run by volunteer members who do not necessarily possess the training, experience or general knowledge to properly run an HOA. Couple that with the legal issues involved and I would have to say that I would personally be concerned about buying into a community with a self-managed HOA....
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