| Subject | Date Asked |
|
| On Site Manager Requirement | 11/14/2009 |
Q: Is there a requirement for an onsite manager for an apartment complex over a certain size in ...
A: You will need to research this at the CA Department of Real Estate to see if there are any specific ...
|
| Apartment unit numbers | 10/22/2009 |
Q: Do you know a free website where I can find out how many apartment units are in a city, county, or ...
A: Good morning Todd: No, sorry; I don't know of any sites where you could get that info for free ...
|
| opening new business as property management company | 10/20/2009 |
Q: I am trying to start a new management company, I will like to know if there is a site or institution ...
A: I'm sorry and since I don't work with condos/townhomes, I'm not familiar with where to find this ...
|
| Single Family Property Management | 9/30/2009 |
Q: I have been approached by several clients to manage their single family residences when they are not ...
A: Sorry and I really don't know! I don't do single family homes - these are almost always managed by ...
|
| License requirements. | 9/20/2009 |
Q: Doug, Im a real estate sales agent. I want to start my own property management company here in FL. I ...
A: Good morning: To the best of my knowledge, you must hold a Real Estate Broker license in Florida if ...
|
| lease renewal closing percentage | 8/25/2009 |
Q: I hope you can help us...We have searched such sites as the NAA, Grace Hill, etc. It is easy to ...
A: Under normal conditions, depending upon your market and type/age/condition of community, and annual ...
|
| Property Management, Inc. | 8/4/2009 |
Q: I am looking at buying a property management franchise from Property Management, Inc.. (i.e. Nevada ...
A: I'm very sorry and I can't help you on this one; I have never heard of that company or Steven R. ...
|
| Property management | 6/11/2009 |
Q: We are a new start up company in Oregon. We have obtained a couple of landlords that are not ...
A: Typically, the owner provides the existing company with notice to end the management agreement and ...
|
| Certificates | 3/5/2009 |
Q: Where can I get my CPM CAPS ARM RAM certificates in the city of Los Angeles?
A: CPM, ARM; IREM (www.irem.org) Chapter Office Hong Tran - IREM Association Executive Attn: Hong ...
|
| Property Management | 2/13/2009 |
Q: What do the initials HUD/FMHA/RD stand for in terms of the type of property?
A: I'm not sure what you are asking me, so here goes . . . HUD - The Department of Housing and Urban ...
|
| PropertyManagement | 2/10/2009 |
Q: I have 25 years expierence in PM and would like to start my own small PM company. Where can I go for ...
A: www.IREM.org www.NAAHQ.org www.NAHB.org www.NARPM.org are the major associations for rental ...
|
| property management fees | 2/3/2009 |
Q: We own 5 small apartment buildings in San Antonio. We have been managing them ourselves but now ...
A: Depending upon a number of different factors, a typical management fee is typically a % of gross ...
|
| Property manager | 1/27/2009 |
Q: I live in Florida and have a real estate certificate(I never took the state exam).I also have a CAM ...
A: As I understand it, in order to manage a condo or Homeowner Association here in FL, you need a CAM - ...
|
| Operating Legally | 1/12/2009 |
Q: You probably don't remember, but I worked with you brieflt at NRM. Many years ago, I know! I am ...
A: I'm very sorry for the late reply; I have been out of the office for over a week. In every state I ...
|
| 2nd year On-Site Apt Manager Compensation | 11/24/2008 |
Q: What is fair compensation for managing a 12 Unit, older apt complex w/ high turn-over and ...
A: I'm sorry to say there are no "rules of thumb" about compensation - I have absolutely no idea what ...
|
| Setting up Turn-Key Management | 9/14/2008 |
Q: Doug, I am developer/owner/manager of very high end apartments in an urban neighborhood in Baltimore ...
A: Good morning Joe: Although I don't have experience managing properties of this size, I can ...
|
| cam licence | 9/12/2008 |
Q: what is a cam license? what cam stands for? and where can i take the licence? how much is the ...
A: Here in Florida, a CAM (Community Association Manager) license is required for anyone who manages ...
|
| Lease-Up/Renewals | 9/6/2008 |
Q: This is regarding a 119-unit property in a hot market. The ownership group just raised rents ...
A: Sorry for the delay, my corporate spam filter is out of control!! In 34 years, I have never found a ...
|
| Property Management Advertising | 9/3/2008 |
Q: Doug, Thanks for answering all these questions. I've recently started a property management ...
A: Sorry for the late reply - for some reason my corporate spam filter has been blocking these emails ...
|
| Property manager's fee | 9/3/2008 |
Q: I recently became the manager of a 4-plex, I only deal with the maintenance of the building, the ...
A: I've never heard of such an arrangement. The details of your fee and how it is earned should be ...
|
| residential property management | 8/24/2008 |
Q: Doug: I saw that you are from Long Island and I am from the Albany/ Troy area. I have been managing ...
A: I'm sorry and I have no experience or knowledge regarding smaller multifamily properties; these are ...
|
| Deceased Property Owner - no will | 8/18/2008 |
Q: A property owner has passed away and I am the property manager. She left no will and lived in a ...
A: Wow - I'm sorry to hear this and I have never encountered a situation like this. I would first speak ...
|
| condo fire safty rules and regs. | 8/14/2008 |
Q: i am looking for fire safety rules for condos. do such rules exist i need to know is it is ...
A: Sorry and I don't manage condos. Here are some sites that you might find helpful: ...
|
| Licensing in Florida | 8/13/2008 |
Q: What licenses are required to manage apartment communities in Florida from leasing agent to multi ...
A: You should check with the Florida Real Estate Commission for rental apartments - ...
|
| Financial reporting | 8/13/2008 |
Q: Doug, I'm starting a property management division in our real estate brokerage firm. What are the ...
A: Scott: Typically you would send an income & expense statement each month, with a general ledger, ...
|
| license to manage 2 properties | 8/11/2008 |
Q: I own a unit in a condo building in Virginia that I manage myself. Another owner in the building is ...
A: In most states, you must have a real estate broker's license to manage property for someone else. If ...
|
| management increase | 8/3/2008 |
Q: Am I allowed to increase my management fee by $15.00 during the course of the agreement and would i ...
A: First of all, I would suggest consulting a contract law attorney before you make any changes. ...
|
| New Owner | 7/22/2008 |
Q: Recently a tenant backed into another tenant's garage. The tenant who owns the garage, can still ...
A: Sorry, not sure I understand your follow-up question. Other than sharing my observation that it ...
|
| New Owner | 7/21/2008 |
Q: Recently a tenant backed into another tenant's garage. The tenant who owns the garage, can still ...
A: This is really a legal question, so I can't give you any concrete advice without reading the leases ...
|
| Property Management Fee | 7/19/2008 |
Q: I am a general partner in a Trust property. We own a 285-unit mobile home park-rent the space that ...
A: I'm sorry and I have never managed one of these. For an apartment community, the typical management ...
|
| Property Mangament | 7/9/2008 |
Q: Do you have to have a license to be a property manager in kentucky? And if so what license do you ...
A: I'm sorry, I don't know; I've never worked in Kentucky. In all of the states I have worked, only a ...
|
| contract for property manager | 6/25/2008 |
Q: Do you have a form that spells out the duties of a property manager?
A: No, I'm sorry I don't. Here are some places you should be able to get the information you're looking ...
|
| Non-Renewal letter to tenant | 6/20/2008 |
Q: I would like to know if there is a simple format letter to notify a tenant that you are not renewing ...
A: I'm sorry and I don't have a sample letter; I have listed a couple of websites below that you might ...
|
| fair housing | 6/19/2008 |
Q: I am currently an assistant property manager in the state of Missouri and many of our phone calls ...
A: This is not really a fair housing issue, as you weren't treating someone in a discriminatory manner; ...
|
| Recruiting a Resident Manager | 5/20/2008 |
Q: What is the most efficient way for an independent investment company to recruit and hire an ...
A: As you are painfully aware, there is no one best way to accomplish this. I belive in hiring for ...
|
| Property Management Manuals | 4/10/2008 |
Q: I am starting a new property management company with about 700 units. I need a property operations ...
A: I highly recommend Rich George at NOI Coach. NOI Coach Richard George 3787 Lincolnshire Rd. Suite ...
|
| Maintenance Upcharge | 3/31/2008 |
Q: We own a property management company in Texas (600 units). For maintenance we have in-house paid ...
A: Sorry for the delay in responding; I've been traveling all week and just got back last night. I ...
|
| getting started in Property Management | 3/24/2008 |
Q: I live in Florida and have recently opened a property management company, after working for about 6 ...
A: I'm sorry and your request is much too complex for me to address fully. You'll obviously need to ...
|
| New Rental Property | 3/3/2008 |
Q: I'm the new owner of a 52 unit building and there are several pets already in residence. Can I ...
A: Unless there is something in your local or state landlord/tenant law that specifically prohibits it, ...
|
| Property Management | 2/19/2008 |
Q: What liscense are needed to become a property manager for an apartment complex? I live in NC and ...
A: I'm sorry and I cannot answer this question for you because the answer depends on the laws of the ...
|
| QUESTION? PROP-MAN Help! | 2/15/2008 |
Q: as a licensed real estate agent, can I have my own property management company (say LLC or C corp) ...
A: No. In any state I have worked in, a licensed real estate agent is not allowed to enter into an ...
|
| QUESTION? PROP-MAN Help! | 2/15/2008 |
Q: as a licensed real estate agent, can I have my own property management company (say LLC or C corp) ...
A: Generally speaking, you must be a real estate broker (or be affiliated with a real estate broker) to ...
|
| looking for info on GA | 2/15/2008 |
Q: It's Kelli Brain from the old days (NRM & VIP), just in case you forgot who I am. I couldn't find ...
A: Hey! As if I wouldn't remember you! Hope all is well with you. Sorry and I don't know about ...
|
| property management fees - 27 units | 2/13/2008 |
Q: My wife and I are the onsite property managers for 27 bungalow units. In two years, we've kept the ...
A: I'm sorry and I am not familar with your market or with properties that small. The only suggestion I ...
|
| Becoming a Property Manager | 2/6/2008 |
Q: Doug, Looking for Property Management training and is a leasing license required? I have some ...
A: First of all, licensure depends on your location and if you will be working for someone else or for ...
|
| licensing for property management | 2/4/2008 |
Q: Regarding managing a community property in texas. If one works as an employee for a property ...
A: I'm very sorry and I cannot answer this question. In my experience, every state requires anyone ...
|
| licensing for property management | 2/4/2008 |
Q: Regarding managing a community property in texas. If one works as an employee for a property ...
A: The licensure requirements vary from state to state, so I cannot answer your question since I don't ...
|
| property management company | 2/4/2008 |
Q: I have been helped my relatives manage several rental properties. I am interested to own a property ...
A: In my experience, every state requires residential property managers to be real estate brokers - ...
|
| Income to expenes | 2/2/2008 |
Q: Somewhere I read that when you are considering investing in residential investment property that ...
A: Without knowing more details about the property and the market, it is impossible to do anything ...
|
| rental | 1/27/2008 |
Q: I live in tennessee and I have a small office building 5000 sq ft, one level.....half offices and ...
A: It would take a significant amount of research into your local market, your competition, and the ...
|
| Leasing Questions | 1/26/2008 |
Q: I have been looking around for information about becoming a residential leasing agent, but most of ...
A: I have no personal experience with the issues you are researching. I would suggest the following ...
|
| Becoming A building manager | 1/23/2008 |
Q: ! I was wondering if you could tell me what to expect when going for a building managers interview. ...
A: This is a REALLY broad question with so many variables that I simply cannot give you any specific ...
|
| Resident Manager Wages / Finding a Program | 1/22/2008 |
Q: I am a resident property manager in Los Angeles, Ca. Although I was originally told I would receive ...
A: I'm sorry and I cannot comment on anything regarding compensation or state employment laws. I can ...
|
| Rental Management Company in GA | 1/17/2008 |
Q: Hey Doug, I hope you are doing well. I noticed that you are a broker in GA. Do you know of a good ...
A: Sorry for the delay in responding; I've been "under the weather". What type of property are you ...
|
| Commercial Tenant Lease Buyouts | 1/17/2008 |
Q: What would be some reasons for allowing a tenant to buyout of his/her lease? ANSWER: Hi Julie: I'm ...
A: Not necessarily, although I have seen leases that do include an early termination clause. You, as ...
|
| Commercial Tenant Lease Buyouts | 1/17/2008 |
Q: What would be some reasons for allowing a tenant to buyout of his/her lease?
A: I'm sorry to sound like Capt. Obvious and in my experience, the only reason to allow a buyout - I'm ...
|
| Starting Property Mgmt. Business | 1/11/2008 |
Q: I would like to start a property management business but I don't know where to start. I have ...
A: I'm sorry and I am swamped right now - I can't give you all the information you need and I can give ...
|
| Property Management Job | 12/15/2007 |
Q: I was wondering if a person needs the CPM title in order to successfully land a property management ...
A: Although the CPM is the most prestigious designation in property management, you don't need it to ...
|
| Property Management Contracts | 12/7/2007 |
Q: I am just getting started on my own, I have been doing this for over 15 years...But I need a good ...
A: I would check with your local Board of Realtors and the Institute of Real Estate Management - ...
|
| CAM and leasing | 12/2/2007 |
Q: Can a property manager with a CAM license working at a condo conversion do leasing at that same ...
A: Although I live in Florida, I am not a licensed CAM and am not familiar with the requirements and ...
|
| changing resident profile | 11/12/2007 |
Q: My company manages an apartment community in Atlanta with a high population of immigrants, many ...
A: As I'm sure you know, discrimination based upon national origin and race is illegal - if you are ...
|
| CPM | 10/22/2007 |
Q: it's Steve M! How are you?? I just found you here so I thought I'd send a question. I'm looking ...
A: Good question, I'm not sure. I'll talk to my friends at IREM and find out for you. I'm just leaving ...
|
| Aspiring property manager | 10/2/2007 |
Q: I am an owner of a real estate company in Honolulu. We handle primarily residential sales of buyers ...
A: There are several sources for Policies and Procedyres manuals; obviously you'll need to replace alot ...
|
| homework question? | 10/1/2007 |
Q: Sir, Im not sure what you mean by "Sorry, but I don't answer homework questions..". Are you ...
A: Bobby - I sent the answer I did because there was nothing in your question that you couldn't have ...
|
| Occupancy Limits in Apartments | 9/26/2007 |
Q: Good Afternoon Mr. Chasick, I am a Site Manager for a complex in Eagan, MN. I have a new resident ...
A: There is no "official" national occupancy limit - the only occupancy limits I've seen are imposed by ...
|
| Fair Housing Seminars | 3/26/2007 |
Q: Doug, I know that you do online training for Fair Housing. Is it better for a large property mgmt ...
A: I'm sorry for the late reply; I have been out of the office with limited access to email. My ...
|
| Online Marketing | 2/27/2007 |
Q: I have a question that I hope you can help me out with. I am working on our marketing campaign for ...
A: I'm sorry for the delay in responding; I have been out of the office all week. I am not aware of ...
|
| Rental Property | 12/28/2006 |
Q: I am looking to rent my home in Melbourne FL. Do you know where I can locate a good property ...
A: Sorry, I don't know of any companies who will manage/lease anything under 100 - 150 units. Your best ...
|
| My tenants Utilities expenses are too high | 12/19/2006 |
Q: I would like to know what could I do in this situation. I rent my duplex which includes their ...
A: It sounds like you are including utilities in the rent. If that is the case, then your only options ...
|
| Interview questions to obtain property managment company | 11/28/2006 |
Q: I own a 12 plex in AZ. I need to find a property managment company to manage this property. I want ...
A: Sorry and I really cannot help you with this; you will probably be dealing with a Realtor or real ...
|
| Property Manager | 11/19/2006 |
Q: I was able to find documentation on the TAA website stating that I will need a Realestate lisence to ...
A: Lisa, I'm not familiar with the Texas real estate laws; I know that in FL and GA, where I am a real ...
|
| Property Manager | 11/18/2006 |
Q: I want to start my own Property Managment company in Texas. I don't believe I have to be a Realtor ...
A: Every state I have ever worked in requires a real estate broker's license to manage and lease real ...
|
| Front Door Camera in IP environment | 11/2/2006 |
Q: I am designing a new IP based telecoms infrastructure for MDUs and am wondering what to do about ...
A: I'm sorry and I have not really heard very much about this as an important amenity to most property ...
|
| Property Management Licensing | 9/26/2006 |
Q: Is it true that you can start a property management business when you are a "Registered Property ...
A: Vick: In most states, you need a real estate broker's license to manage properties - a professional ...
|
| multi media | 8/8/2006 |
Q: I am going to be teaching a course in residential property management this Fall and am looking for ...
A: I am not aware of any videos or dvds that are not sold for private use. IREM (www.irem.org) and NAA ...
|
| Management Fees | 7/30/2006 |
Q: Mr. Chasick, Can you tell me how I could determine an average managment fee for a rental property ...
A: Josh, there is no set management fee. Many years ago, a management fee of 5% of the collected income ...
|
| Residential Properties Management Company | 7/19/2006 |
Q: I would like to hire a residential property management company to help managing my condo in Redwood ...
A: I'm sorry and I am not familiar with who is good out there (I live in Melbourne Beach, FL). Do you ...
|
| On Site Management | 7/15/2006 |
Q: Does an apartment complex have to have an onsite manager? The apartment is in Round Rock Texas.
A: Not, not necessarily - it might be managed by someone at another property or by someone in a central ...
|
| Property management salaries | 7/15/2006 |
Q: Generally speaking, how and how much are property managers paid for managing rental units (between ...
A: It is really impossible for me to even give you a range for this, Kathleen - compensation plans vary ...
|
| Contract for a Property Manager | 7/11/2006 |
Q: I will be renting out my home soon. My lease requires the Tenant to electronically deposit the rent ...
A: You can look at the following websites for information: http://www.mrlandlord.com ...
|
| Property Mangement /fees | 6/7/2006 |
Q: I have a twenty unit apartment building that is currently vacant and I am concerning using a ...
A: I am not familiar with the Chicago market, and usually a "regular" property management company will ...
|
| Nusaince Evictions in a Section8/Tax Credit property | 5/6/2006 |
Q: We have several residents on our property who are constantly late with payment of rent..causing ...
A: Without reading your lease, knowing the landlord-tenant law of the jurisdiction you operate in, ...
|
| lease renewal | 5/3/2006 |
Q: My mother has been renting an apt. for years. This year there was no mention of a new lease. She ...
A: In almost every place I have worked across the country, there is language in the lease (or a ...
|
| Salary for Certified Apartment Manager | 4/20/2006 |
Q: Chasick - I am putting together a proposal for re-negotiating my salary with my supervisor. I am a ...
A: I'm very sorry and I just don't know. Unlike market rents, there are not many surveys published ...
|
| resident activities | 2/9/2006 |
Q: What kinds of new and creative ideas have you seen for resident activities?
A: Since I no longer manage communities on a daily basis, I don't feel like I can give you an accurate ...
|
| Reducing building expenses | 11/1/2005 |
Q: We own about 100 units in the mid-west and north east, a number of which we pay heating and water ...
A: Sorry for the late response; for some reason I did not receive notification about your question ...
|
| Rental Raties Nationwide | 8/20/2005 |
Q: I am a property investor looking for data on rental rates in markets throughout the United States. ...
A: This is my favorite source for that type of data: ...
|
| Maintenance | 5/24/2005 |
Q: My question is a two part question. How do you create and maintain a maintenance budget? Also, ...
A: The first part of your question is just way too complicated for me to address here. I suggest you ...
|
| max occ | 4/13/2005 |
Q: I have a rental question. I live in Quincy California. I want to rent a two bedroom house. I have my ...
A: While there is no federal law that specifically spells out an occupancy standard, most landlords use ...
|
| Residential rent index | 4/5/2005 |
Q: What's a good rent index to determine rent prices in Pasadena, Los Angeles? Are there any ...
A: If you are looking for HUD Fair Market Rents, go to www.hud.gov. For conventional properties, your ...
|
| eviction attempts | 3/2/2005 |
Q: We moved into this house November of last year. Up until February, the rent has been paid in ...
A: I'm not an attorney and so I cannot give you any advice about your situation. ANY eviction action is ...
|
| real estate management | 1/3/2005 |
Q: I am a real estate agent in Rhode Island. I have been asked to manage rental property for one of my ...
A: First of all, I'm 99% certain that you need to be licensed as a Real Estate Broker in your state in ...
|
| Lease non-renewal | 12/16/2004 |
Q: My mother has received a lease non-renewal/termination letter after living at her apt. for 9 years. ...
A: Good morning Tina: Remembering that I AM NOT an attorney, to the best of my knowledge, the state of ...
|
| Help | 12/14/2004 |
Q: I do not know if you can help me or not but it doesn't hurt to try. Back in March I moved out of ...
A: I'm afraid I don't have any good news for you. If you signed the lease, then you are responsible for ...
|
| Rental price increases | 10/14/2004 |
Q: I live in Albany, NY. I want to find out how much rental prices have increased for single-family ...
A: Sorry, I have no experience with single family homes or with the Albany NY area (I'm a former Long ...
|
| CAM starting pay | 9/5/2004 |
Q: Chasick, Can you please tell me what you think would be a midrange starting pay (per hr.)for a part ...
A: Very sorry about the delay in responding; we just got power & internet back - hurricane Francis made ...
|
| interview | 8/12/2004 |
Q: apartment job I need your help in a question. I was asked when I had an interview for a building ...
A: Sory for the delay in answering; I live in Melbourne Beach, FL and was very busy preparing for ...
|
| job interveiw | 8/12/2004 |
Q: Aparment building manager If you were asked ,what are the 5 most important things you should know ...
A: Sory for the delay in answering; I live in Melbourne Beach, FL and was very busy preparing for ...
|
| job interveiw | 8/12/2004 |
Q: Aparment building manager If you were asked ,what are the 5 most important things you should know ...
A: Sory for the delay in answering; I live in Melbourne Beach, FL and was very busy preparing for ...
|
| CAM or CPM | 6/1/2004 |
Q: I am from Abilene, TX and I have been an Assistant Property Manager for 6 years. There is not a lot ...
A: The CPM designation is recognized as the most valuable in our industry. The CAM offered by NAA ...
|
| What constitutes bad credit for a renter? | 5/27/2004 |
Q: My husband and I got married in March, and we are looking for an apartment or house to rent. ...
A: Good morning Andreia: Yes, what you describe would not be considered "good credit", however there ...
|
| Fair Housing | 4/28/2004 |
Q: I understand you have a web site about fair housing issues. Can you send that to me? Thanks.
A: My website (www.NOINews.com) is about apartment management in general, and has fair housing ...
|
| Apartments/Furnished vs. Unfurnished | 4/11/2004 |
Q: Chasick, I'll be looking real soon for an apartment in Nashville, Tennessee. I'm single/no ...
A: On the east coast, the typical apartment in an apartment community will come with all appliances; ...
|
| property management | 3/10/2004 |
Q: Here's my question. I am in California and I own a condo in another town close to Los Angeles. My ...
A: Since I'm not an attorney and have not seen the condo docs, I really cannot comment on the validity ...
|
| leasing condo out of state | 2/28/2004 |
Q: I own a brand new condo in largo, fl. Sits in the middle of a golf course. I live in Springfield Mo. ...
A: Good morning Ally: Managing your own rental property, especially if you can't get in the car and ...
|
| Renting Home/Apartment | 2/27/2004 |
Q: I'm moving to Nashville, Tennessee in April and will be looking preferrably for a two bedroom home ...
A: Good morning, Mike: The most important thing you need to know is whether or not you can run a ...
|
| inspecting apartments before move-in | 2/24/2004 |
Q: I once knew a young woman who said she inspected apartments all around town to make sure that they ...
A: Sorry, and I have not seen that done. Many companies use outside "Mystery Shopper" companies that ...
|
| children and balls | 1/20/2004 |
Q: There are about 8 apartments that share a common grassy area and sidewalk. Of these 8 apartments, 5 ...
A: Without seeing a copy of your lease, I cannot give you an absolute answer, however the manager does ...
|
