Property or apartment managers have a liability to sustain their property keeping it safe for tenants and their guest. That said, now is the perfect time to review your safety procedures, insurance, and inspect the property for hazards. What do I mean by internal safety procedures? These are written policies for the staff to follow designed to maintain the safety, for instance; a set time to lock the pool gate, maintaining a current CPR certification, and so on. Now, study your liability insurance policy; is there adequate coverage in the event someone is injured? How about flood and wind … [Read more...]

It may be uncommon to have a multifamily property falling into your lap, certainly not as high of a probability as a single family rental doing so, but there’s always a chance. This is possible for a number of reasons, but it happens commonly in cases of inheritance. The frequent result is an accidental landlord. If you find yourself in such a situation, the subsequent steps will help you get where you want to be, both mentally and physically, to manage such a challenge. Never settle for the mundane. It does not matter if the most intelligent person you know willed this property down to … [Read more...]