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Wed
20
Jan
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Dear Maintenance Men: Pest Control & Preventative Care

multifamily pest control

Dear Maintenance Men

Pest Control & Preventative Care

By Jerry L’Ecuyer & Frank Alvarez

Dear Maintenance Men:

How do I get rid of mice or rats?  I have found droppings in the house and I’m not happy and I need a solution.

Annie

Dear Annie:

Wed
20
Jan
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Online Payments for Generation X, Y, and Z

online rent payments

For today’s alphabet of renters, instant gratification isn’t fast enough and expectations run deep for services that make paying rent convenient, affordable and automatic.

Traditional online payment options like bank ACH and credit cards have one essential element in common: reliance on the renter to be responsible in managing their money so that rent can be booked on time. That means there will be sufficient funds in a resident’s bank account when their rental community schedules an automated ACH pull and that credit card charges won’t be declined. Eighty percent of the time things work as intended and everyone is happy. The other 20 percent of the time, however, things go south and rental communities are stuck chasing rent and late fees, and/or fees for insufficient funds. The result is a bad situation all around that can lead to disgruntled residents, frustrated staff, and costly unexpected move-outs.

Thu
10
Dec
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Dear Maintenance Men – Emergency Preparedness

Dear Maintenance Men – Emergency Preparedness

By Jerry L’Ecuyer & Frank Alvarez

Dear Maintenance Men,

I have given my residents information on how to prepare a personal emergency preparedness kit for their families.  My question is for you is: does my Apartment or commercial building need an emergency preparedness kit?  And if so, what should be in it?

Diana  

Dear Diana,

Thu
10
Dec
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Historic Lending Discrimination Settlement Addresses Allegations Of Modern Day Redlining

Historic Lending Discrimination Settlement Addresses Allegations Of Modern Day Redlining

By Jo Becker, Education/Outreach Specialist Fair Housing Council of Oregon

Earlier this year the Department of Housing and Urban Development (HUD) announced an agreement with Associated Bank to resolve a disparate treatment redlining case. Redlining is the practice of refusing to lend or insure homes in areas deemed to be a poor financial risk due to the ethnic demographics of the areas.  

Thu
10
Dec
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How To Dodge A Tax Hit When Selling Rental Property

taxes when selling rental property

How To Dodge A Tax Hit When Selling Rental Property

By making the right move, sellers can sidestep the Capital Gains Tax

The life of a landlord certainly isn’t easy.

There are plumbing issues that eat into time and money. There are tenants who fail to pay the rent. There are broken leases and leaky roofs.

And the hassles don’t even end when the beleaguered landlord finally decides to sell the property. After the deal closes, the Internal Revenue Service is waiting in the wings to collect a capital gains tax on the profits from the sale.

“Depending on your situation that can definitely end up being a significant hit when tax time arrives,” says Dwight Kay, founder and CEO of Kay Properties and Investments (www.kpi1031.com).

Thu
03
Dec
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Ask The Secret Shopper: ‘Tis the season to be jolly

apartment shopping

Ask The Secret Shopper

‘Tis the season to be jolly

However, for many it’s the season of added stress with the holidays barreling down, year end, wondering how you will ever meet next year’s income and expense goals,  etc. All of these factors and MORE combine into the perfect storm for those who already struggle with keeping their emotions in check. 

While it may seem like the property management industry is about “managing properties,” it’s really about managing and caring for people.

Thu
03
Dec
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4 Reasons Why Women Will Lead The Business World In The 21st Century

women multifamily executives

4 Reasons Why Women Will Lead The Business World In The 21st Century

When you let women be women in the business world, they do better. That’s according to a recent report from the Harvard Business Review, which makes the case that traditional thinking – that women should be treated no differently than men in corporate settings – is simply flawed and regressive.

A major point the post makes is that only about 20 percent of businesswomen make partner. By expecting from women what you would expect from men, the corporate world is consciously and unconsciously excluding female leadership. That’s a very bad thing, according to many. For example, Kevin O’Leary of “Shark Tank” fame says that of his 27 companies, only the ones with female CEOs make him money.

Thu
03
Dec
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Will 2016 be a Super El Niño Year?

Will 2016 be a Super El Niño Year?

By Jerry L’Ecuyer and Frankie Alvarez of Dear Maintenance Men

We have been living with drought in the Western United States for a long time now.  So the prediction of a strong, wet El Niño year is quite appealing.  Will it fill our reservoirs, recharge our aquafers, and bring us back to normal?  Hard to tell; many experts say we may need multiple years of El Niño to be back to pre-drought conditions.  First a short explanation by some of the experts as to what an El Niño condition is.  

Thu
03
Dec
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Flipping Edges Out Renting As The Preferred Investment Strategy For The Fourth Consecutive Quarter According To Auction.com Real Estate Investor Activity Report™

flipping houses

Flipping Edges Out Renting As The Preferred Investment Strategy For The Fourth Consecutive Quarter According To Auction.com Real Estate Investor Activity Report™ 

Price appreciation and inventory constraints continue to dictate investor strategy in the second half of 2015

Thu
03
Dec
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The Top Amenity Trend in 2016 for Today’s Tech-Savvy Residents: Property-Wide WiFi

property wide wifi

The Top Amenity Trend in 2016 for Today’s Tech-Savvy Residents: Property-Wide WiFi

Part I of III

By Eric Markow

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