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GENERAL MANAGEMENT

Select an article from the list below.

104 Million Online.  Not only is Internet usage growing, but it is growing across all demographic classifications.  Is true Internet based landlording really becoming practical?

Balance Sheet, The:  What Does It Mean?   How to read and understand the components of a balance sheet, and prepare one for your own business.

Budgeting Key to Investment Success.  Learn why you need a budget for your investment properties and how to create one. 

Evolution of Property Management, The.  How technology is changing the property management profession.

Fair Housing & "Reasonable Accommodations"  Bob Cain How to and how not to deal with this troubling issue.

Hiring a Home Inspector?  Getting an independent property inspector to look over a building before you buy it is a good idea.  Here is what to look for when selecting one.

How to Collect Debts Other People Owe You.  A very nice how to article with tips you can apply to collection from former tenants who owe you money. 

How to Deal With Angry Tenants This is courtesy of the Institute of Real Estate Management.  Formulaic account of how to deal with angry customers.  Though somewhat simplistic, still contains some useful suggestions in the second half of the article.  Skip the first half about how everyone is short of time if you are short of time.  Aside:  Congreve actually wrote: “Music hath charms to soothe a savage breast,/ To soften rocks, or bend a knotted oak.”  It doesn’t have anything to do with beasts.

How “Real” Is Your Independent Contractor Status.  Many landlords have handymen and others whom they classify as independent contractors for tax and other purposes.  But simply saying someone is an independent contractor is not enough to make them so.  They may still, in reality, be employees, and a failure to realistically evaluate their status can lead to big problems down the line.  This note on a Georgia appellate court decision evaluates and “independent” salesperson’s status in view of the amount of control the broker sought to exercise over her activities.  This is applicable to any independent contractor.  See also our article. 

How to Hire Construction Managers.  If you are confronted with a major repair or improvement job, managing it yourself may take too much time and overtax your expertise.  If so, learn how to select someone to manage the job for you and how to deal with him.

How To Keep On-Site Managers.  Sound tips on finding, recognizing, and keeping good resident managers.

How to Reduce Commercial Utility Bills.  The title is self explanatory, and if you are a commercial lessor, particularly in a third world, power starved country like California, you need to read this.

How To Set The Rules For On-Site Managers.  If you have a written rental agreement with all of your tenants you are doing well.  What about the on-site manager?  You need a written agreement with him even more and it should contain all the details about compensation and his duties.

Merchants’ Private Property Rights Supercede Public Forum Interests.  Demonstrators and others do not have a right to use the private property in front of your tenant’s business establishments to disseminate their message to customers.

Online Communication:  The Illusion of E-Mail Privacy.  No, email is not private.  Its convenience and speed is counterbalanced by its openness.  Save truly confidential communication for truly confidential means of communication. 

Profit and Loss Statement, The:  What Does It Mean?  How to read and understand the components of the P&L, and prepare one for your own business.

Property Manager’s Skill Can Make or Break a Deal.  What does a manager of commercial rental property do and why is it so important?

Pros and Cons of a Home Business.  This article discusses the practical benefits and drawbacks of running a small business in your home.  Read this before you decide to open up shop there.

Records And Record Keeping.  What records should you keep and how should you keep them?  This article goes over the basics.

Rent Collections Via the Internet?   Purely electronic rent collection and record keeping is not only on the way, it is largely here.  See what is coming in this article. 

Resolving Disputes.  Tips on how to resolve disputes with your tenants short of litigation.

Roommates and Rent:  How to Protect Yourself.   Here is an outline of the ins and outs of rent sharing between roommates.  If you are a landlord who permits this, give a copy of this article to your next tenant who asks permission to move someone in to share the rent. 

Service Animals In a “No Pets” Apartment.  This article is written from a California point of view but is still useful for all the information it gives about the Federal Fair Housing Act.

Setting Up a Record Keeping System.  Paper is essential to any successful operation, even in these modern computing days.  Learn how to determine what sort of record keeping system is best for you. 

Setting Up a Record Keeping System.  Describes the two major types of accounting systems and how to set them up.

Softening the Blow of Submetering.  Submetering is becoming increasingly popular (see our article on the subject).  This article shows how to sell the idea to your tenants and implement it with a minimum of resistance. 

So You Want To Keep a Pet But Your Lease Has a “No Pet” Clause.  This article is written from a tenant’s point of view but contains valuable information on how a local “Pet Ordinance,” such as exists in New York, or the federal Fair Housing Act can force you to permit one anyway.

Starting a Business in Your Home – Is It For You?   Another perspective on home business.  This one asks whether you are a good candidate for such an arrangement.

Ten Tips For Being a Successful Landlord.   These tips are very good suggestions on what to look out for as you set out on your road to success.

Tenants Must Negotiate Lease’s Words As Well As Rates.  This goes for landlords too, so read this.

Twelve Steps to Equal Opportunity Housing.  This list of tips about Fair Housing Law compliance should be of interest to landlords and property managers. 

What Is “Fair Market Value?”   This is a practical explanation of the meaning of that often used term and why it is important to you.

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