property management cody wyoming: What is "ordinary" wear-and-tear? - 01/05/17 03:50 PM
What is ordinary wear and tear?  
Typical definition of ordinary wear and tear is "That deterioration which occurs based upon the use of which the rental unit is intended and without negligence, carelessness, accident, or misuse, or abuse of the premises or contents by the tenant or members of his household, or their invitees or guests." 
In other words, ordinary wear and tear is the natural and gradual deterioration of the apartment over time, which results from a tenant's normal use of the apartment. For example, it is normal for carpeting or paint to wear out in the normal course of living. Carpets become threadbare … (16 comments)

property management cody wyoming: Are Emotional Support Animals stressing you out? - 12/29/16 07:13 AM
Emotional Support Animals
NOTE: I am not an attorney. Be sure to consult an attorney before creating a policy for your office or rental to ensure you are in compliance with the law.
Emotional Support Animals (ESA) are animals "prescribed" to an individual suffering from an emotional disability such as stress, anxiety, depression, mourning, etc. The ESA does not have to be specially trained, certified, or registered. In other words, any off-the-shelf animal may be considered an ESA. I've seen dogs, cats, ducks, turkeys, llamas, and even snakes. 
As far as housing is concerned, a Landlord or Property Manager cannot discriminate against an applicant … (4 comments)

property management cody wyoming: Wrongful eviction - 12/27/16 07:16 AM
When can a Landlord evict a Tenant?
The law varies from state to state. In some places like San Francisco, it is illegal to evict your tenants just for the sole purpose of renting the home for a higher rate. Read this article for an example.
When can I evict?
In the great State of Wyoming, evictions can take place if the Tenant fails to pay an outstanding charge or violates the terms of the lease agreement. Depending on the violation, you may have to give the Tenant 30 days to rectify the situation or as little as three days.
The key is to know the law … (5 comments)

property management cody wyoming: Learning the hard way - 12/21/16 06:32 AM
 
I'm writing this post in response to a challenge issued by Grant Schneider. His challenge was to describe a business goal or action that didn't work out and how I did it correctly the second time.
 
THE FOUNDATION
I got my Wyoming Real Estate license in 2010 and started in Property Management almost immediately. I had a lot of experience managing people, assets, and funds while serving in the military for 21 years but managing rental properties was a whole different animal. 
 
THE FAILURE
When I bought American West Realty & Management, we had a portfolio of 114 rentals. I knew it was improtant to familiarize myself with the owners, … (5 comments)