Case Study: 12 Unit Multi-Family Property Repositioning Project

Why Should You Even Consider Hiring a Property Manager at All? We have been Real Estate Owners and Property Managers going on two decades. We have seen market cycles ebb and flow in that time and have seen peaks of prosperity and valleys of burst bubbles plummeting properties to pennies on the dollar. I would never claim to know it all, but we have seen, been through, and experienced a lot. One afternoon I found myself in the office of a long-time Realtor associate that we have worked with buying and selling several properties from our own private portfolio. The conversation reflected on current real estate market trends, to her[…]

Read more

How to Balance Your Steam Radiator Heating Systems

Once again we are starting another heating season. In the Northeast there are several older buildings that still use steam radiators as a heating source. Out of oil furnaces, gas burners, electric heat base boards, forced-hot water radiators, forced hot air, or other types of heating sources – steam heat is actually one of the most efficient heating sources available. You will find once the cast iron radiator gets up to speed and is fully heated, they will retain their heat and stay warm long after the thermostats stops calling for heat, as well as the piping system to feed the heaters radiating heat all the way from the furnace[…]

Read more

“Coffee, Tea, or Me – ending up feeling not so special”

Looking forward to the BIG day: My youngest son Brian and his wife Stacy were married April 27th, 2019 nestled in the beautiful, rolling, romantic, panoramic hills deep in the heart of wine country, Southern California. It was a day we had anticipated since he was a small boy and it was finally here. Preparations had been made for family to arrive in California to attend the wedding from different parts of the country converging in sunny California to celebrate the festivities with family and friends. There were four different venues we were delighted to partake in and carefully had planned out each day months in advance. There was dinner[…]

Read more

Real Estate Networking for Newbies

YOUR ELEVATOR PITCH: This is the start of the relationship and the first impression. A good elevator pitch will be short, sweet, and to the point. They call it an elevator pitch because it shouldn’t take that long to explain what you do. It should be simple enough that a child can understand it, and short enough to finish before you reach your floor destination in the elevator. They keys basic to the pitch are WHO you are, WHY you are like them (this may change depending on your audience), WHAT you can do for them, and HOW they can take action. NETWORKING COMMENTARY: Me, me, me is dull, dull,[…]

Read more

Requirements of the Property Management Business

Whether you find yourself looking for an apartment to call your home, or looking for a property management company to take over the management of your assets; there are key features you should be looking for from both sides of the aisle. You want to make sure they have the processes and procedures in place to upkeep the property for your family while you live there as well as the same processes and procedures to keep your property running at peak performance. It is not too surprising that a property management company that is taking care of the day-to-day operations also has their eye on the ball for the long-term[…]

Read more

Landlord Checklist: What do you do when your resident passes on?

You may probably think that from the blog title that we mean when the resident moves out of your apartment to live in another domain. Well, actually, in this case, we mean it quite literally. What we are writing about are some of the steps, concerns, and dilemmas you may run into when your resident passes away in the premises they rent from you. “To sleep: perchance to dream: ay, there’s the rub; For in that sleep of death what dreams may come when we have shuffled off this mortal coil, must give us pause: there’s the respect”. Hamlet Act 3 I knew this was going to happen No body[…]

Read more

Security Deposits: Do’s and Don’ts Steps To Follow

Steps to Follow When Taking a Security Deposit When handling Security Deposits there are a few steps that need to occur to avoid getting into trouble and if you miss a step the penalties can be steep. If you miss one of the criteria for your Security Deposits the damages amount to the landlord may be three-fold. Security Deposits are always a concern for landlords. Some landlords are comfortable taking the deposit while other avoid them like the plague. The Security Deposit is an amount of money set aside to indemnify the landlord the costs for repairs or damages should the resident not return the apartment in the condition they received[…]

Read more