Believe it or not…. Copper theft is a problem these days. Be careful letting units sit vacant for too long. I have seen copper wire and plumbing stolen. Best thing to do, FILL THE VACANCIES and keep the units occupied.
Author: MarkMacFarlane
Vandalism and Theft in Apartments
If vandalism or theft is BAD, you want to notify your insurance carrier right away and start a claim. Delaying notification of the vandalism could cause your insurance carrier to deny coverage. Also, check your policy. Extended vacancies (over 30…
Curb Appeal Fills Vacancies!!!
Just pull the trigger and make the landscaping decent. I am always amazed how many apartment buildings have ZERO curb appeal. Who wants to live in a place that looks like a dump from the curb?
Magnesite… Don’t be cheap.
Magnesite is the decking material used on stairs and second story walkways. Many buildings in Los Angeles were built in the 1960s that were stucco framed with a magnesite stair case and landing. For some reason, many landlords have tried…
How to Fill Vacancies Fast!!! How about Hardwood Floors?
All the rent incentives in the world do not change the fact somebody is going to have to make the unit their home. Well, would you want to live in a dingy place, even if the first months rent was…
Rusted Water Heater! How Long Should a Water Heater Last? How Much to Replace?
Apartment buildings often use 100 Gallon Commercial Grade water heater to provide hot water to the entire building. It is cheaper than servicing individual water heaters. You will need about one 100 Gallon Commercial Grade water heater for every 16…
Posted in Maintenance, Property Management
iPad for Real Estate Investors
I’m not a tech geek… But, I was driving a client to see prospective properties and he was pulling up information on his iPad about the available properties. As a Broker, its not good when your client has more information…
Posted in Uncategorized
Dogs, Cats, Mice, Snakes and Other Pets!!! Do I allow pets? Deposit?
Service animals are not considered pets! Other than service animals, Landlords do not have to allow pets. Apartment complexes will allow pets to entice more prospective tenants. Barking is often a problem and so is cleaning up after pets when…
Posted in Pets
Fill In My Pool!
Pools are great… But, expensive to insure and maintain. Additionally, pools are additional liabilities lurking. You could get sued!!! Many of my landlords ask shyly… So, how much to fill it in? Pools range from $8,000 to $10,000 to fill-in…
Posted in Pools, Property Management
Do I have to give a Resident Manager free rent?
Actually, it is not that simple! Minimum wage laws have snagged unsuspecting landlords. Many landlords reluctantly realize they must give up a unit to a Resident Manager because they have 16 or more units. The next thought landlords often have…
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