| Subject | Date Asked |
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| renting equipment | 8/4/2008 |
Q: I'm taking a stab in the dark here. I want to rent my bakery. I've figured out the square foot rate ...
A: possibly you could base it on the depreciation value allowed by the IRS. Ultimately it will come ...
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| Building management | 6/13/2008 |
Q: I would like to know if there is a residential building with 100+ unit, how does the management ...
A: Generally in a property of that size they would have an on-site manager who would be paid for their ...
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| renting from property manager | 6/6/2008 |
Q: We are moving to Sacramento, CA and are struggling with finding the right home to rent. We may have ...
A: I rather doubt they will negotiate the lease to your provisions. You could contact the BBB and the ...
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| Property Management Company | 5/28/2008 |
Q: I live in Central Oregon. There isn't a property I have found that isn't handled by property ...
A: Try to contact the previous management company and see if they will tell you what is going on. While ...
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| landlord declaring bankruptcy on my rental | 5/27/2008 |
Q: I received several letters from my landlords mortgage company stating the mortgage has not been paid ...
A: Unfortunately this is very common lately. We have had many tenants come to us because they were ...
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| Management Responsibility | 5/24/2008 |
Q: I hired a PM to evict my tenant for constant late payment. Which the PM did. The old tenant came ...
A: What you can hold the PM accountable for will be decided by the management agreement and perhaps a ...
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| management agreements | 5/21/2008 |
Q: Do you have a good agreement between owner and management company available for me to use? Also, ...
A: I started out with a form that I purchased from the Institute of Real Estate Management several ...
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| Termination of Property Manager Agreement | 5/11/2008 |
Q: I live in California, and I signed a contract with a property manager for my Vallejo Home, for one ...
A: I am sorry for the delay, we have recently moved our offices and it made it difficult to keep up. ...
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| Renters/Above ground pool | 5/6/2008 |
Q: I have a house that I rent out in Tennessee. (I live in DC) My renters recently informed me that ...
A: From the US CDC. In 2004, there were 3,308 unintentional fatal drownings in the United States, ...
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| Property Management Unfairly Charging | 5/4/2008 |
Q: I live in a subdivision where the home-owners association has outsourced/contracted out the ...
A: First of all it is not discrimination, it may be harassment or overcharging for services. I would ...
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| Quick Question regarding Condo Rules | 5/1/2008 |
Q: Mike, I am a property manager in the new York tri- state area. I am having a very difficult time ...
A: I'm not sure how doing anything to the staircase would decrease the sound. It sounds more like the ...
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| Property Management Unfairly Charging | 4/30/2008 |
Q: I live in a subdivision where the home-owners association has outsourced/contracted out the ...
A: You are not alone, I found several references to this company at http://www.ripoffreport.com , ...
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| annoying tenant | 4/29/2008 |
Q: I own a dwelling - cottage 2 bedroom which we have been renting to a woman and child for aprox just ...
A: Evict her and or hire a property manager, some people are simply not cut out for this. You must not ...
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| Setting up LLC for real estate investing | 4/28/2008 |
Q: my name is Dion. I'm very much interested in starting my own real estate investing company. I've ...
A: In most cases the you will have a mortgage on the real estate, not a business loan for real estate. ...
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| Tenant Harassment | 4/20/2008 |
Q: I moved into a home in January and rented it from a property manager who was eventually let go one ...
A: I am not an attorney. If you need legal advice you should consult an attorney. However; by calling ...
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| stepped up basis | 4/10/2008 |
Q: I have been part of a general partnership that owns a piece of rental property. I have recently ...
A: vee, I assume you mean will there be an increase in the property tax basis based on the current ...
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| termination of property management agreement | 2/28/2008 |
Q: I have a duplex in Florida that has been managed by a property management agency for eight years. ...
A: Most agreements have a buy out, or termination fee. A clause which tells you what you must pay if ...
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| pet agreement | 2/24/2008 |
Q: I would like to know how much landlords charge for pet fee each month usually, and how much is the ...
A: That depends entirely on the property type and the owners requirements. In most cases we require ...
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| Cancel Property management agreement | 2/21/2008 |
Q: I have been having issues with the owner of the property for some time now and i would like to ...
A: I would notify the tenant that as of XX/XX/2008 Eric Property Management is no longer managing your ...
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| Cancel Property management agreement | 2/20/2008 |
Q: I have been having issues with the owner of the property for some time now and i would like to ...
A: Our management agreement allows us to terminate on our terms. We often find this is necessary, ...
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| management degree vs course | 2/19/2008 |
Q: I am going to buy a rental property and my wife is going to manage the property. We are in a ...
A: #1 this is not a charity this is a business. You cannot ever become involved with your tenants ...
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| is it worth it | 2/14/2008 |
Q: Is 9% for medium family dwelling acceptable? What services would that include? I have another ...
A: When we were getting started we often negotiated our fees. Now we know that we are worth every bit ...
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| difficulty finding tenant | 2/12/2008 |
Q: I live in Georgia (I understand you have the experiences in MO and KS, but I just would like your ...
A: First of all; you should know that to say you will not accept section-8 may be a violation of the ...
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| damages or normal wear and tear? | 2/9/2008 |
Q: I own a duplex. My husband and I live downstairs and rent the upstairs. We refinished the bathroom ...
A: I think the tenant could argue that they did not cause that. I would install a vent fan and tie it ...
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| What info am I entitled to as an owner? | 2/9/2008 |
Q: We own a townhome in Florida and after being unable to sell it when a new job moved us to another ...
A: Utilities: we generally give the tenants 5 days to transfer the utilities. on the sixth day we will ...
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| Utility Responsibility on Rented Mobile Home Lot | 2/7/2008 |
Q: I hope this question reaches into your knowledge bank! My mother-in-law lives in a mobile home park ...
A: That depends entirely on what is stated in her lease agreement. Read the lease, if the lease is ...
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| terminating property management | 2/5/2008 |
Q: After 1 year, we have notified our management company that we are terminating our contract with ...
A: That may depend on what state they are in. However, typically the PM should return them to you. ...
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| Landlord filed Bankruptcy | 2/4/2008 |
Q: My property manager informed me by US Mail letter (not certified) that the property owner was filing ...
A: A letter from the landlord stating that they are filing bankruptcy does not negate your lease. If ...
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| Property Management | 2/2/2008 |
Q: Can a property manager hold a security deposit and then expect a person to get it reissued after 7 ...
A: 1. I do not understand the security deposit question. 2. Yes, the PM has no requirement to give you ...
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| Property Investment | 1/31/2008 |
Q: I am looking for some insight as to how a foreign person can buy property in the U.S. I have a ...
A: My first thought is that you are being scammed by some e-mail hoax telling you they have huge sums ...
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| House | 1/29/2008 |
Q: I am purchasing an 8 bedroom house in which i would be living in. I would like to rent the 7 other ...
A: I have been approached with the opportunity to manage similar situations and I declined. Way too ...
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| 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: I would need a great deal more information but I will provide a link to an article I wrote on that ...
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| Excessive entry by Real Estate Agents | 1/26/2008 |
Q: My family and I have been renting a condo from an individual for over a year. We are in a month to ...
A: Keeping in mind: 1. I am not a lawyer 2. My expertise is largely confined to Missouri and Kansas. ...
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| Law or limit for lease renewal | 1/24/2008 |
Q: I have been told by several property managers that lease amount at time of renewal can only be up to ...
A: Some municipalities like New York, and other more liberal leaning communities have seen fit to ...
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| Residential Property Management | 1/23/2008 |
Q: I work at a property management company that mainly deals with single family residences and ...
A: If you plan to stay with single family management one of the best sources for education is the ...
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| Property Management | 1/22/2008 |
Q: I am a long distances property owner, I've hired a property manager to manage three of my homes. My ...
A: You shouldn't be doing any of the above. The property manager you hired should be taking care of ...
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| What to do when rental property goes to foreclosure (tenant) | 1/21/2008 |
Q: I received a paper from a law firm today stating that they had been charged with collecting on my ...
A: I cannot tell you to break your lease, or not pay your rent. Too much liability there. The lender is ...
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| What to do when rental property goes to foreclosure (tenant) | 1/19/2008 |
Q: I received a paper from a law firm today stating that they had been charged with collecting on my ...
A: Yes, start looking for a place today. I see this happen frequently, eventually the bank will be ...
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| invalid lease and monthly charges | 1/18/2008 |
Q: My apt management is conducting a file audit and they have found that my lease was not renewed. they ...
A: This whole thing sounds like someone made a big mistake and now they are trying to play catch up. I ...
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| 1099s | 1/15/2008 |
Q: I've have a new residential property management firm and I'm wondering about 1099s. As a property ...
A: Sorry for the delay, My bookkeeper, takes care of all that. But you should really consult a tax pro ...
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| Qustions on Real Estate | 1/10/2008 |
Q: I am just getting started on taking coures in real-estate and real-estate investing. I am looking ...
A: In the early 90's there were a bunch of "Gurus" selling programs, tapes and books about no money ...
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| satellite dish | 1/8/2008 |
Q: I leased my first apartment and was looking into getting a dish. when I asked the land lord if it ...
A: The FCC (Federal Communications Commission) has addressed this issue and ruled on it. n 1996, the ...
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| Credit worthiness for home rental | 1/7/2008 |
Q: My roommate and I are looking to rent a Home/Townhome. I believe I have bad credit and don't think ...
A: Each property management firm or apartment complex should generally have a written set of guidelines ...
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| Public Health | 1/4/2008 |
Q: Mr Edsall - I'm originially from California now living in Maryland. In Los Angeles it is mandatory ...
A: I am not in MD, I am in Missouri. However, that is a rather unusual law. I would not expect that to ...
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| Property Management Co. notdoing inspections | 1/2/2008 |
Q: I enlisted the help of a property management company to lease my home. They never sent me ...
A: That largely depends on what your management agreement states and what the tenants lease states. The ...
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