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This website contains:
1. Property management tips, advice, latest news, and additional resources related to Property Management for:
- Property Management companies
- Individuals that property manage their own investments
- Individual investors who use Property Management companies
2. More in depth information on my book:
“50 Interviews: Successful Property Managers”
Landlord and Property Manager Focus Group
(Discussion Leader: Mike Levy)
When: Next Meeting on May 27, 2013 @ 5:30 pm – 7:00 pm
Repeats: Monthly on 4th Monday – forever
Where: Home Depot – North Fort Collins (1251 E Magnolia St., Fort Collins, CO 80524)
Cost: Free for Members & First Time Attendees, $10 for Guests
Contact: Troy Miller (970-682-4267 or email: troy@icorockies.com)
MAY 27, 2013:
"Who Should Manage Your Property (e.g. You or a Property Management company)?"
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1. Not hiring a real estate service that understands investment property
2. Not having cash flow from day 1
3. Not properly screening prospective tenants
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1. Yellow discoloration on walls, drains, sinks and showers.
2. Blue discoloration on valves of propane tanks and fire extinguishers.
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As a landlord, how can you protect yourself from legal issues down the road and help the arrangement be both profitable for you and enjoyable for your tenant? Read on…
1. Avoid knee jerk reactions while looking for a tenant. Before you start the tenant search, have an approval process plan and stick to it.
2. Before you sign a lease with a tenant, have an attorney review it. State law governs the provisions of a lease and the interpretation that courts will give them later on.
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The Fair Housing Laws:
Fair Housing Act
Title VIII of the Civil Rights Act of 1968 (Fair Housing Act), as amended, prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents or legal custodians, pregnant women, and people securing custody of children under the age of 18), and handicap (disability).
Title VI of the Civil Rights Act of 1964
Title VI prohibits discrimination on the basis of race, color, or national origin in programs and activities receiving federal financial
assistance.
Section 504 of the Rehabilitation Act of 1973
Section 504 prohibits discrimination based on disability in any program or activity receiving federal financial assistance.
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According to a tenant advocacy group, several online ‘bad tenant’ registries have received a warning that their listings may be illegal.
The California-based group, Tenants Together, says the letters are in response to a complaint it filed with the Federal Trade Commission over what it describes as “tenant blacklisting” services.
It says the FTC has issued …
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30-year fixed-rate mortgages averaged 3.51 percent, increasing from last week’s 3.42 percent average. A year ago at this time, 30-year rates averaged 3.79 percent.
15-year fixed-rate mortgages averaged …
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Builders are feeling more confident about new-home sales, sales expectations for the next six months, and prospective buyer traffic, according to the May reading on the National Association of Home Builders/Wells Fargo Housing Market Index.
"Builders are noting an increased sense of urgency among potential buyers as a result of …
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