I posted stories about a couple Property Management Memories in the last two weeks. Now, I just thought of some more. The term Professional Deadbeat tenant was in one article. Yes, there are many of these people in your area, and when some move away, others rise up to replace them. #1 They will try to […]
Last week, I wrote a short post about serving an unlawful detainer to a professional tenant. I forgot to mention that the rules of service of this summons and complaint are different from the rules of serving the famous Three Notice to Pay Rent or Quit. #1 The Landlord (Housing Provider on CAR Forms) or anyone with […]
Many years ago, I owned some properties in Milwaukee, WI. One of the tenants in a three unit building became seriously delinquent and defiant. We were arguing over many things, including her claim that the heating was insufficient. She complained to the local agencies, all the while bragging about not paying any rent. It was known by […]
Embezzling or theft by a manager or employer is a topic most owners never consider. But many owners are losing money right now and don’t know it. It can happen in the best of buildings and in the best of management situations. If a manager wants to take money it can be done. In my […]
Another Great Idea Heard From A Student Instead of charging a larger deposit (that is tough for some people to pay) tell the renter the normal rent for two people is $2,000. Since you have a dog, we will charge no pet deposit, but the rent would be $2,050 per month. In most cases most […]
Security Deposits Are Misunderstood The maximum amount a Landlord can receive as a security deposit, however designated, cannot exceed two months’ rent for unfurnished units or three months’ rent for furnished units. If the money will be placed in your regular account instead of a trust fund this might be required to be mentioned. You […]
Once upon a time, a long, long time ago, I was a court appointed receiver handling apartment houses during the foreclosure period. I would get my official court order, go take over the building, and run it as a professional property manager. Great job and then the foreclosures quit coming. One time late on a […]
Settle or Not Settle? When you complete an eviction, you get a judgement and then a writ of execution. The judgements are normally worthless. You could paper your garage with them and get more value. However, there were times when other actions might be feasible. The evictee might be a person who would have a […]
Maintenance There was a 132 unit building in Torrance that we had syndicated. Cliff Dietrich and I were the General Partners. I was the Property Manager. One Saturday evening we received an emergency call that our garbage pumps were not working. The sewage from the 132 family units was sent to a big underground tank. […]
Volatile Tenant Another property was one of my very first purchases in Milwaukee when I saved money from working in Europe, officiating basketball games and teaching at the Air Base for the University of Maryland. This was a three-unit in an older area of this older city. A tenant was rather strange. She would yell […]
