This Growing Liability Has Landlords Scared - 10/31/08 09:21 AM
  Focus on Liability Management and Preventative Maintenance: Bats
 by Michael Koski 
 Here's a maintenance issue you might not have considered - preventing bat infestation!
 
Bat infestations are more common than one might think, especially with bats continued displacement as their natural territories diminish. Fortunately there are simple steps property owners and managers can take to lessen the likelihood of a bat invasion.
 Bats are incredibly useful animals, arguably one of the most beneficial species on earth, but they can cause horrific damage to your property. Their droppings, or guano, are surprisingly caustic, known to actually eat away at wood and drywall. The accumulation … (0 comments)

Bicycle Commuter Provision Included in “Bailout Bill” - 10/29/08 03:39 PM
A transportation fringe benefit to bicycle commuters is tucked neatly into the Emergency Economic Stabilization Act that was signed into law October 3, 2008.
Keep scrolling, you'll find it ( House Resolution 1424, Section 211, for you die-hard readers of legislation). 
The passing of this act into law is a big win for cyclists who commute to work, offering tax fairness, and the financial benefit might give more people an incentive to try it.
Read more
Check out our Green Pages for information on money saving tips that help the environment.  Once there, click on the Green Forum.
American Apartment Owners Association offers discounts on products and services related to your commercial … (0 comments)

How Savvy Investors Do Property Insurance - 10/29/08 03:35 PM
"For investors with a portfolio of properties, greater opportunities exist to save on premiums, and thereby increase your investment income, by purchasing insurance on the portfolio, just like insurance carriers do on their portfolios as a whole," according to Patrick Nugent, CCIM, JD with Commercial Insurance Solutions in Dallas.  Read more.
 See a related feature, Over-insuring is Killing Your Profits.
 American Apartment Owners Association offers discounts on products and services related to your commercial housing investment including REAL ESTATE FORMS, tenant debt collection,tenant background checks, insurance and financing.  Find out more at www.joinaaoa.org. 
See info on Renters Insurance. 
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Angry Sheriff Says NO to Evictions - 10/10/08 01:33 PM
In the spirit of maverick lawmen like Wyatt Earp, Chicago's Sheriff has said "no" to enforcing eviction orders against renters when the landlord's property is foreclosed.
Cook County Sheriff Tom Dart held a press conference Wednesday to announce that he has ordered his deputies to halt evictions in Chicago and some outlying areas, because the Sheriff's Department will no longer "be a party to destroying people's lives." 
Evictions are already a "gut-wrenching" experience for his deputies, Dart explained, but when tenants have been paying rent and are unaware that the property is subject to foreclosure, evicting them rises to the level of "injustice". Read more.
For more see Are Your Tenants … (0 comments)

Is Over-Insuring Killing Your Profits? - 10/06/08 10:29 PM
How One Landlord Saved $86,000 in Premiums
Insuring the Market Value Wastes Your Money
"What property owners need to understand it that there's a big difference between market value that lenders use and the replacement cost carriers use," says Patrick Nugent, CCIM, JD, with Commercial Insurance Solutions out of Dallas.
 "A property insurance policy is intended to make an insured whole and will not act as a profit center." 
With that in mind, Nugent recommends that a property owner take a hard look at the insurable values with an eye toward replacement costs because this will lower premiums.  Read more.
American … (0 comments)

It's a Party-It's a Forum-It's Green Festival! - 10/06/08 08:43 PM
So, where's the party? On November 8th and 9th, 2008, the Washington D.C. Convention Center will open its doors to Green Festival. Over 350 eco-friendly businesses will be attending.
Scrolling down the list of vendors, I was surprised to see an entrepreneur from my own home place, Boulder, Colorado. Heather English was floating down Boulder Creek in an inner tube, thinking she needed a new handbag, when she came up with the idea for her new business, English Retreads. She designed her first handbag using reclaimed truck inner tubes.The fabric lining is made from post-consumer recycled plastic bottles. Local truck stops supply … (0 comments)

Bank Vows to Slow Foreclosures - 10/06/08 08:40 PM
One of the world's largest financial institutions, Bank of America, announced this weekend that it has settled the massive litigation brought by eleven states against it's Countrywide loan portfolio.  
The bank purchased Countrywide's loans over the summer subject to the claims for predatory lending practices. 
Many experts have viewed such lending practices  and the resulting eruption of foreclosures as the catalyst for the current financial ‘bailout' plan just approved by Congress and signed into law last week. 
The bank has promised to spend as much as $8.4 billion dollars for what it deems a "home retention" program, with the goal of slowing or preventing as many foreclosures as possible of the … (1 comments)

 
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