Marina Shlomov - Tuesday, September 19, 2017
The Illegal Tenant – How to Handle a Difficult Situation Like a Pro
An application is processed; the tenants sign the lease, and they move in. Sometime during the tenancy, another resident appears to be living in the property. This is a clear violation if the rental agreement that states the tenant does not have the authority...
Marina Shlomov - Tuesday, September 12, 2017
Mold – a Critical Problem in Rental Properties & Property Management
Mold in any property is a problem. Mold – is a more critical problem in rental properties and property management and must be handled quickly, properly and with a lot of documentation.
Mold has been around a long time – literally, as lo...
Marina Shlomov - Tuesday, September 05, 2017
Holding Out For the Highest Rents - Do the Math
It is natural to want to obtain the highest rent possible when your property is vacant. A long vacancy can cause frustration, anxiety, and anger. However, holding out for more money can be more costly than you think.
When this situation occurs, it is better to use a mathematical ...
Marina Shlomov - Monday, September 04, 2017
Happy Labor Day America! May your hard work bring you the fruits of your labor!
Marina Shlomov - Tuesday, August 29, 2017
Should Family or Friends Be Tenants
Family and friends - you can love and/or admire them BUT should they become your tenants?
This is a form of “nepotism, the practice of hiring family and/or friends.” It has both pros and cons and it is an area where a very large “proceed with caution” sign should be poste...
Marina Shlomov - Tuesday, August 22, 2017
What is a Rental Emergency?
It is important to understand what a rental emergency is. Depending on whose perspective it is - owner, tenant, vendor, or property manager - it can mean different things when it happens.
The definition of "Rental Emergency" found on Wikipedia is:
An emergency is a situation that poses an immediate...
Marina Shlomov - Tuesday, August 15, 2017
When It is NOT a Pet but a Service Animal
Ordinarily, property owners have the right to refuse animals while renting their property. However, specific circumstance exists when there is a dog, cat, or possibly another animal the law does not consider a “pet.” When a disabled person with an assistance animal applies to ren...
Marina Shlomov - Tuesday, August 08, 2017
The Personal Touch
The economy definitely has mixed reviews – interest rates are still low, the stock market is working toward recovery, and many people throughout the country have been working tirelessly to help unemployment, feed the hungry, and aid disaster victims. There is record high unemployment, record home foreclosur...
Marina Shlomov - Tuesday, August 01, 2017
Should a Tenant Paint?
Often current or prospective tenants will negotiate with property owners on painting. The owner usually will consent to this with one thought in mind – saving money. However, they do not realize the problems that it can create, particularly if they do not outline any limitations when it comes to the pain...
Marina Shlomov - Tuesday, July 25, 2017
Handling Emergencies and Disasters
Emergencies and disasters happen and in many instances, you cannot avoid them. Webster terms an emergency as “an unexpected situation that requires prompt action” and a disaster as “a grave occurrence having harmful results.”
In the property management world, we ...