|Real Estate Information|
Turf Wars: Author/Landlord Offers a Few Words of Advice for Tenants
Dan The Roommate Man
Richard Rusdorf, author of "The Landlords Handbook: A Complete Guide to Managing Small Residential Properties," managed a 400-plus-unit apartment building in Chicago 20 years ago. The past president of the Chicago chapter of the Institute of Real Estate Management, he has served as a real estate broker, consultant, writer, architectural photographer, and certified property manager. With such a diverse background in real estate, Rusdorf has plenty of perspective on what peeves both landlords and tenants. Tenants number-one point of contention, he says, is "responsiveness to complaints -- even if theres nothing that can be done about the problem." Residential rental properties are a literal obstacle course of sticky situations. These fairly tight quarters are home to many people with specific concerns that they expect their landlord to address and pay for yesterday. Landlords, whether at fault or not when tenant complaints arise, find themselves between a rock and a hard place on such issues as security, water quality, the neighborhood, neighbors, their guests, and noise.
The majority of residential rental properties around the country arent brand new. They were built with a number of parking spaces deemed adequate at the time. Todays renters, however, often own two or more cars. Add that congestion to guests vehicles, and youve got a problem. Residents must park in fire lines and often face fines and/or towing fees.
Although most of us think of multifamily complexes with 100 or more units when we think of rental properties, Rusdorf says most of the nations renters actually live in smaller buildings owned by an individual and consisting of less than six units, even in larger cities. As a result, landlords responsibilities and tenants concerns are easier to grapple and address -- or at least, thats the theory.
Whats a renters recourse if, in his opinion, his requests are being ignored, or a landlords promises arent delivered It goes without saying, but your best bet is to get it in writing. If that doesnt help your case, "every city should have a tenant hotline," Rusdorf says. "Call the city, and file a complaint. Dont call a lawyer first."
Do renters really have a leg to stand on if they didnt get what they want in writing first Not necessarily, Rusdorf says. "There are several implied covenants of landlords," he says. Among them: Landlords must make themselves available by phone and should hand that number out to all tenants. They must also maintain the premises in "habitable" condition, meaning adequate weather protection, working plumbing, water supply and sewage, running hot and cold water, heat, air conditioning if the property is advertised as having that feature, electricity, working appliances, clean and safe grounds, garbage facilities, structural integrity of the buildings, and if present, functioning elevators. While all of these implied agreements seem like givens, some landlords can and do ignore them.
Security is, of course, a Pandoras box full of legal issues and ethical responsibilities. In more than 500 cities around the United States, multifamily apartment complexes and other smaller rental properties are participating in the Crime-Free Multihousing Program, which requires prospective tenants to sign a crime-free leasing addendum. The tenant promises not to bring any criminal activity onto the premises, and if he does, his lease is terminated immediately.
Are landlords required to disclose to prospective and current tenants any recent criminal activity, or an entire criminal history of the premises, if requested No, says Rusdorf. "Landlords should, but its still ambiguous," he says, adding that when he managed the large Chicago apartment building mentioned above, a crime took place across the street. When one of his tenants suggested that Rusdorf put up a sign in the lobby warning residents about the crime, Rusdorf said no. However, he adds, he would have felt compelled to do so had the crime taken place within his own building. While its a moral issue, its a financial issue, as well. Does a landlord reduce his chances for more tenants by reporting in the lobby of his building every crime that takes place up and down the block Would any prospective renter sign on the dotted line after seeing such a sign Any landlord that neglects to warn his residents about a crime in their own building, however, could be slapped with a lawsuit if the perpetrator strikes again, and the victim can prove that the landlord knew about the first crime and never said anything to his tenants. Some complexes do have their crime histories available upon request. The moral of the story: Speak up, do your homework, and whenever possible, get it in writing.
When a Real Estate Agent May Not Be The Best Option
Historically, when homeowners wanted to sell their home, the first call made would be to a Realtor.Since the early 1900’s, Realtors have represented homeowners during the process of selling their home, which is usually to another homeowner.Real estate brokers hold state regulated licenses that allow them to market real estate on behalf of the owner.The national average for broker commissions is approximately five percent.In many cases, another broker will bring the buyer and receive typically fifty percent of the commission.When the majority of homeowners sell their home, they believe a real estate agent gives them the best chance to maximize the amount they receive and the agent commission will come out of their proceeds at closing.This is a process that takes place everyday throughout America.
Selecting a Cell Phone
More Than Just a Phone
Is Accumulating a Net Worth of $1,000,000 Easy Yes and No
After purchasing Anthony Robbins Get The Edge program, I was a bit skeptical that it would provide much value. I can honestly tell you that it has dramatically changed many areas in my life. Many of my new or old goals are finally in clear focus, Ive been taking action on a daily basis and more of my goals are now beginning to become a reality. Anthony Robbins exudes an abundance of energy and shows a sincere enthusiasm to help you get motivated and move towards your own path to success.
How To Jump Start ANY Business
Typically it is said that when you open up a new venture, it takes fro 2 to 5 years of steady growth before you can call it a success.All things considered, this is true and because it is true, it is all the more important to do everything correctly, right from the start!So here are 7 guidelines on engagement for every business entrepreneur.
7 Essentinal Resources for Small Business
So you want to start a business but you dont have a lot of money Start your business online, and it wont be a problem.
Real Estate Marketing for the “You” Generation
Are you working in the real estate industry Are you a real estate agent, mortgage consultant, builder, real estate broker, appraiser, construction worker, etc
Buying and Selling Distressed Houses for Maximum Profit
If you want to become a real estate investor, find a "fixer-upper" owned by an anxious seller. Finding distressed houses at bargain prices, fixing them up, and then selling them on a consistent basis can make you a millionaire.
Google, Yahoo!, Pandoras Box And The Lottery
In the fall of 1990, the musical group Snap had a monster number one hit record called, "Ive Got The Power."
High-income Earners Consider Renting Chic Again
Over the past two years, households that earned $50,000 or more annually and had the means to join the ranks of home owners or continue owning the roofs over their heads represented the fastest growing segment of the rental market, according to the National Multi-Housing Council.
Juggling It All
As we have mentioned in other articles, having a trigger to start your day is very important. One of the major problems with people running businesses from their home is starting the work day. For many of us seasoned home based business owners its a trigger. A trigger can be making a cup of coffee and taking it to the office, getting the kids off to school, after your morning jog or workout; it can be any one of a number of things. A trigger is very dependent upon the individual.
Dealing With Dual Real Estate Agents
Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one who pays their commission, and agents therefore have a fiduciary relationship with the seller. This in no way means that agents may operate outside the bounds of the law and ethical conduct of course. It just means that the real estate agent is just that, an authorized agent of the seller for a particular transaction.
DMOZ: Rotten To The Core
I knew things were bad at DMOZ. But I guess I didnt realize how bad, until I started eavesdropping on a few forums, and reading the avalanche of e-mails I received on the subject.
Finding Your Niche
Have you found your niche
Is "Earning a Living" Stopping You
Every year, people resolve that THIS New Year will be different: "This will be the year that I write that book, start that new venture, double my income, take more time off to spend with my family," and the list goes on and on. However, when people think about pursuing their dreams, they often squash the idea because it doesnt seem practical.
Writing a Press Release
When dealing with "this-just-in" type information, it is important to understand how to write a head-turning press release. A press release must contain substantial information that you consider to be newsworthy and substantial. Relate the news to the audience. Spell out for them WHY it is newsworthy and why they should read on. First describe your news, and THEN tell who said it, etc. Remember that the first ten words in your press release are the attention-getters, thus should be effective. Use what journalists refer to as plain-style language, not fancy words or lots of adjectives. Stick to the facts; avoid fluff. Provide plenty of contact information the name, phone numbers, fax etc. for the person with the most information about the story to make it as easy as possible for the media to do their job!
Begging Your Trust in Africa
The syntax is tortured, the grammar mutilated, but the message - sent by snail mail, telex, fax, or e-mail - is coherent: an African bigwig or his heirs wish to transfer funds amassed in years of graft and venality to a safe bank account in the West. They seek the recipients permission to make use of his or her inconspicuous services for a percentage of the loot - usually many millions of dollars. A fee is required to expedite the proceedings, or to pay taxes, or to bribe officials - they plausibly explain.
Find a Job in a Fast Growing Field Using Labor Market Information For Your State
The question confronting most people who want to find a job is "whats a good paying job with growth potential"
The 3 Keys To Business Victories
No matter what business you are in there is a high chance of failure. Why Because most people dont do the research and keep the right focus needed to succeed.
Tax Advantages In A Home Business
Every year, several thousand people develop an interest in "going into business."Many of these people have an idea, a product or a service they hope to promote into an in come producing business which they can operate from their own homes.
Selling Your Home - A FSBOs Guide to Keeping It Safe
Home sellers not only need to think like a realtor in finding potential buyers for their homes, they also need to think like a personal security agent.
|home | site map|