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Tag: property-management

  • The Wise Investment Standard

    Many states have adopted some version of the Prudent Investment Rule (Law /Standard). This rule says that the trustee will be judged by how the investments were managed as a whole. This means that if one investment is not preforming well but the others keep the portfolio continues to grow in worth then as a…

  • Nonresponsibility Notices and Their Effects

    Sometime the tenant will hire a contractor to do the construction improvements they have permission to preform on their leased or rented property. Any mechanic’s lien by said contractor for nonpayment first attaches to the tenant’s leasehold interest in the property, but a mechanic’s lien for unpaid labor and materials may become attached to the…

  • Wrongful Eviction Improvements Reimbursements

                If a tenant is wrongfully evicted, they are entitling to the rental value of their improvements for the remainder of the unexpired lease or rental terms. If there were no reimbursement, the landlord has a windfall profit for their use of the tenants’ improvements until they normally return to the landlord at the expiration…

  • Promised Improvements

    Case 1             There are times when a landlord may agree to make improvements to secure a rental or lease agreement.  If the landlord fails to make these changes in a timely manner, then the renter of the person leasing the property may cancel the lease or rental agreement.   Let’s say John is a…

  • Leasehold Improvements

                You are the owner of a small commercial building. This building is nothing more than a shell when you enter into an agreement with Mr. and MRs XYZ for three years and the condition that the XYZs make all needed tenant improvements to the property. They are to do the landscaping, and all interior…

  • Possessory Rights of Tenants

    It is important to know the rights of tenants if you are a landlord or property manager. Once the paperwork is filled in and excepted if the tenants have not surrendered their possessory rights or they have not expired a landlord or property manager has no possessory right. They were conveyed with the acceptance of…

  • Using Math to Overcome the Fear of Acting

                  One troubling reason preventing someone from accumulating wealth through real estate investing is the fear of making mistakes. This fear causes potential investors to remain by-sitters, watching others as they succeed and fail. Not all real estate investors find the path to wealth. It is also true that not all real estate investors lose…