October 2009: Update on Lead-Based Paint

By Michael Mengden Wednesday, September 30, 2009

Lead base paint has been of utmost importance since March 6, 1996, when the Environmental Protection Agency (EPA) & Housing & Urban Development (HUD) released regulations on the Residential Lead Based Paint Hazard Control Act. Additionally, the EPA invoked the Lead-Based...

September 2009: Realizing the Benefits of Professional Management

By Michael Mengden Monday, August 31, 2009

Many times property owners question property management services because of the fees. Now with a distressed economy, this can become an even bigger question when a difficult market puts investment finances to the test. After quoting our fees to a prospective client, we often hea...

August 2009: Warning Signs on Showings and Applications

By Michael Mengden Friday, July 31, 2009

As experienced property managers, we have learned to recognize certain warning signs or red flags when marketing properties and taking applications. Here are some we encounter while showing properties: The applicant is willing to pay more than the offered rent and secu...

July 2009: Should You Allow a Tenant to Paint

By Michael Mengden Tuesday, June 30, 2009

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...

June 2009: When the Tenant Calls

By Michael Mengden Sunday, May 31, 2009

You employed professional Property Managers to handle maintenance, rent collection, and difficult tenant situations. Then the phone rings and it is your tenant. There can be several reasons for a tenant call. You and your tenant know each other from previous contacts, so t...

May 2009: Tune up your investment for spring and summer

By Michael Mengden Thursday, April 30, 2009

There are great reasons to review spring and summer maintenance. The first is preventative maintenance. The second is to keep your investment in tip-top shape to attract good tenancy. In today's rental market, this is particularly important. In addition, providing repairs can de...

April 2009: Selling a property with a Tenant

By Michael Mengden Tuesday, March 31, 2009

Property owners face a tricky situation when they want to sell a property but still maintain rental income. No one likes losing income, but keeping a tenant in the property while the property is for sale requires careful consideration. Review the Sales Market It is importa...

March 2009: The Illegal Tenant

By Michael Mengden Saturday, February 28, 2009

The tenants sign the lease and move in. Sometime during the tenancy, another resident appears to be living in the property. This is a clear violation if the rental agreement contains wording that does not give the tenant the authority to do this. This situation can have differen...