Nationwide

Tue
16
Dec
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Dear Maintenance Men: Dishwashers, Heating Costs and Cabinets! Oh My!

Dear Maintenance Men:
By Jerry L'Ecuyer & Frank Alvarez

Dear Maintenance Men:
We are contemplating a kitchen remodel of our rental units and want to add a dishwasher. It is understood that we will have to remove one cabinet to accommodate the dishwasher. The problem is that none of the kitchen cabinets if removed will produce the correct size hole to fit a 24” dishwasher. The hole will either be too big or too small. What can we do?
Peter

Tue
16
Dec
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3 Important Steps For Conducting Property Management Exit Interviews

Research has shown that a person who resigns from your property management company is leaving for one of three possible reasons: a new career opportunity, an unsolicited job offer or for a grievance that has not been handled correctly. Whenever a person resigns from your property management company for voluntary reasons it’s normally a surprise and it can be expensive to replace a valuable team member. This article will outline three important steps for conducting exit interviews, a process which will reduce employee turnover and improve profitability at the same time.

Mon
08
Dec
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Is Print Advertising Dead? The Evidence Says No!

Rumor has it in the marketing and advertising world that print advertisements are outdated and inefficient. The numbers, however, say otherwise. It’s time to squash this misinformation and get to the truth about the power of the print.

The younger generation doesn’t read print anymore...

False. Many like to claim that print advertising is incapable of reaching the younger generation, but research proves differently. While social media is an effective way to target the 18-30 year old demographic, it is not the only way.

Mon
08
Dec
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Screen with Care: What Residential Property Managers Need to Keep in Mind When Vetting Renters

After several years of being forced to play a bad hand, U.S. property managers are back in business – and likely choosing their table partners with special care. In today’s rental environment, that means not only vetting renters carefully, but also being cautious in the way they enlist background screening companies that help in that effort.

Indeed, apartment vacancy rates have been hovering around four percent, the lowest level in more than a decade, according to real estate market data company Reis, Inc. Whether it’s due to the aging population, or post-economic downturn reluctance to take on mortgage commitments or other factors altogether, more Americans are now opting for multi-family housing.

Mon
24
Nov
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3 Tips for Retiring Out of State

Financial Consultant Says a Little Planning Can Save Money

Retirees flock to Florida and Arizona for year-round sunshine and golf, but all things considered, they’re not the best states for happy golden years, according to a new survey.

Along with average number of sunny days, factor in cost of living, residents’ sense of well-being, quality of health-care, crime and, yes, humidity, and the best destination is (surprise!) South Dakota, according to a 2014 Bankrate report.

“As this report correctly suggests, pre-retirees need to consider a lot more than snow days and tradition,” says Rodger Friedman, founding partner and wealth manager at Steward Partners Global Advisory and author of “Forging Bonds of Steel,” (www.forgingbondsofsteel.com/), a guide to developing an excellent working relationship with your financial advisor.

Thu
13
Nov
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Increasing Rent: Best Practices

As owners of investment property we continuously look for ways to cover our expenses. As the cost of maintenance, utilities and taxes rise, we need to find ways to offset those increases.

The answer is always to raise the rent, but by how much?

Most importantly, you have to understand your marketplace. Are the rents in your marketplace going up or going down?

There are a few ways to investigate this question, but I recommend researching competitive properties and listing the results on a market survey chart. If possible, it is always better to compare apples to apples rather than apples to oranges so be sure to select properties that most resemble yours.

Thu
13
Nov
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5 Ways to Ensure Your Marketing Video Will Suck

Tips from an Online Video Marketing Specialist

Online video marketing has become a staple, with 81 percent of companies producing video content for their websites and 69 percent producing it for social media, according to the 2014 Online Video Production Trends Report.

“There are loads of marketing videos on the web now, and some extremely effective,” says Jennifer Santoro, integrative marketing specialist and Chief Happiness Officer for InVidz Smart Video Technology, (http://InVidz.com). “But there are plenty that just don’t work.”

Santoro says she’s noticed common themes among the latter group. Based on those, here are her five ways to ensure your marketing video will suck.

Thu
13
Nov
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5 Tactics For Women to Defy the Impossible in Business

Research Shows Women CEOs Falter at the $1 Million Threshold

In terms of growth in business ownership, women have been soaring past men, averaging increases 1.5 times the national average, according to the 2014 State of Women-Owned Businesses Report by American Express Open.

There are nearly 9.1 million women-owned businesses providing jobs for nearly 7.9 million people and generating more than $1.4 trillion, according to the report.

Leading the skyrocketing growth are women of color, who now own one of every three female-owned businesses – up from one in six in 1997. Black women alone generate $49.5 billion a year in revenue.

Thu
13
Nov
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Obama’s ‘myRA’ Accounts This Fall May Alter Your Retirement Plans

Financial Expert Shares 3 Factors to Consider When Planning for an IRA

Important changes are coming this fall for what’s become one of the biggest concerns of the era: affording retirement.

Those who are saving for retirement and meticulously troubleshooting tax obstacles may want to restructure their plans. While members of Congress continue to battle over the budget, the Obama administration is preparing to roll out “myRA” savings accounts – IRA accounts – for those who do not currently have access to one.

When the “myRA” account reaches a certain amount, fledgling savers can roll it into a regular IRA account; different states will have their own guidelines. However, some of the benefits of existing savings options could be in peril, says financial advisor Jake Lowrey, president of Lowrey Financial Group, (www.lowreyfinancial.com).

Fri
31
Oct
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Partnering With Suppliers and Contractors

As I walked through the booths at the Spectrum Trade Show, I was struck by the vast amount of knowledge and experience that these industry partners bring to our business. It underscored how crucial this partnership component is to our success. The challenge can be in choosing the right supplier, understanding how to manage the process and defining the scope of work. This can often be overwhelming but with a few simple steps and procedures in place you can set a standard for your community that will help you alleviate a lot of the stress.

Step one – set up your approved vendor list ahead of time. Don’t wait until something goes wrong to engage your suppliers. Create a list of the categories of supplies and services you will eventually need to order, including emergency services. Once you have created this list you can start the process of locating the right supplier or contractor.

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