Home Warranty Companies a Big Nightmare for Property Managers - 06/29/08 04:05 PM
When a landlord buys a rental property and has a home warranty included the nightmare begins for the local property manager.
Home warranties may have their place with owner occupants, but most property managers I talk to hate them when working on their rentals. Even to the point of refusing … (11 comments)
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I'm smoking two packs a day without buying cigarettes - 06/29/08 01:05 AM
The central valley of Sacramento has been surrounded by forest fires for over a week now.
The sky is hazy and sometimes it seems like you can see the smokey haze laying on top of the ground. I noted that my car was getting dirtier outside and that got me … (6 comments)
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Jury Duty or Professional Jury - 06/28/08 12:44 PM
One of the joys of being a registered voter is the chance to be singled out for jury duty. In the past I have been a jury foreman and after that, was excused by an attorney, possibly for having been a foreman.
I got the letter again last week and … (6 comments)
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Land Park and McKinley Park Homes for Rent - 06/22/08 10:19 PM
One of the joys of property management in Sacramento is being able to help an owner rent their property in Land Park and in McKinley Park.
Both of these Sacramento area neighborhoods have older homes that were mostly built prior to, during, and just after World War II. I have personally … (2 comments)
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If you rent the home you live in tell your insurance agent! - 06/22/08 01:14 AM
For a variety of reasons, many owner occupants decide to rent the home they live in rather than sell it.
If you decide to do this, be sure to notify your fire and liability insurance carrier as soon as you rent the property. The type of policy for a rental … (8 comments)
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Cell Phones Invade Barbershops - 06/21/08 01:46 PM
The last two times I had my hair cut the barber answered their cell phone during my session.
In the first case, the call was personal and the barber began speaking in her native tongue. As the call progressed she continued cutting my hair with the phone tucked between her … (5 comments)
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Rekey the locks between tenants! - 06/20/08 01:29 AM
When one tenant moves out how do you really know that that past resident has given you all the keys? They could have made a copy during their tenancy, so there is no real sure way to know they have not kept a key.
If the past tenant does have … (12 comments)
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Property Management is About Setting and Following Rules & Procedures - 06/19/08 01:06 AM
An owner recently came to see me about their property. They had several rentals and the portfolio was in disaray. Vacancies, deferred maintenance, many delinquencies, poor cash flow was the result.
The way to fix the problems was to implement rules and procedures and then follow through on them.
Let … (3 comments)
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As gas prices rise, will real estate values drop? - 06/16/08 01:15 AM
I am trying to visualize gas at $5, $6, maybe $10 a gallon. Can you imagine having to pay $200 for a tank of gas? We are already paying $4.75 for premium in Sacramento.
As the price rises for all of us, we will have to make some tough decisions. … (19 comments)
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Professional Property Managers & Picking Good Tenants - 06/15/08 03:12 PM
There are so many essential things that make up what a good property manager is, that I hesitate to pick one item as the most important. In fact, I think it is a mistake to do so.
But, Picking Good Tenant is certainly in the top ten of essentials. The … (15 comments)
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The Doctor of Property Management - 06/11/08 12:59 AM
When I go out to see a potential new client I come armed with facts on what nearby properties are being rented for and what has rented recently. When I first arrive at the property, I view it inside and out to see how it compares with the competition.
I am … (7 comments)
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Rental Market Update for June 2008 Sacramento Area - 06/08/08 11:54 AM
The rental market is improving steadily in the Sacramento Region. Our offices accepted 71 deposits from new tenants in June 2008. That is an increase from May when we accepted 55 deposits. This is a 30% increase from month to month.
What we are seeing is increased activity for rentals and … (2 comments)
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How Do You Promote a Drug Free Environment in Your Rentals? - 06/07/08 09:01 PM
At HomePointe we do not want drug activity. Rather than just wish for it we promote a drug free environment in our rental agreement.
Here is the paragraph in HomePointe's rental agreement:
31. Drug Free Housing Environment: Resident, any member of the Resident's household, or a guest or other person under … (7 comments)
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Part IV REDC Auction Does the Bank Accept or Reject? - 06/03/08 01:41 AM
It has been over a month since I blogged about my winning bid at the REDC Auction (Real Estate Disposition Corporation).
I did not reveal the results earlier because I did get a letter in the mail two weeks after my winning bid (which turned out to be an offer to … (2 comments)
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