landlord duties: Landlord Annual Checklist
- 08/23/09 01:38 AM
For rental property owners and landlords who think property managers are paid to collect their tenants' monthy rent check and little else, I divised this calendar several years ago so that owners can see that landlording is a hands-on/24*7/job and realizing it sooner rather than later is beneficial in being a success in the business.
January prepare 1099s * mail by 1/30 copy tenant's Jan rent check gather mortgage interest 1099 gather prior year tax info February determine current market rent determine property value submit 1099s to IRS by 2/28 send tenant renewal notice March do full property … (6 comments)
landlord duties: Resident Death at a Rental Property * Understand What Role the PM Plays!!!
- 06/27/09 11:40 PM
The recent death of Michael Jackson in a rented LA home is a reminder that property managers need to KNOW what their role is in the process when a resident dies. Within hours of the media learning of Michael's collapse after a rehearsal for his upcoming tour, it was reported that he was living in a posh LA home renting for $100,000 per month. The home was being rented by the backers of his upcoming tour and he was living in the home with his children and members of his staff and entourage. Neighbors probably shared the rental amount with media as this type of … (0 comments)
For rental property owners and landlords who think property managers are paid to collect their tenants' monthy rent check and little else, I divised this calendar several years ago so that owners can see that landlording is a hands-on/24*7/job and realizing it sooner rather than later is beneficial in being a success in the business.
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