GIA TEAM
The Profit Blog
Property Management-Turning Rental Problems into Real Estate Profits
Policies and Procedures Documentation and implementation of your policies and procedures is necessary for consistency and knowledge of everyone involved. Be certain to do the research and gain the...
Property Management-Turning Rental Problems into Real Estate Profits
Evictions In spite of your best efforts, the reality is that every now and then, you’re going to run into trouble with your tenants. Even good tenants go bad. Every state has its own landlord-tenant...
Property Management-Turning Rental Problems into Real Estate Profits
Bookkeeping How do you account for your income? How do you account for your expenses? The challenge comes in when you have multiple properties and you need a way to keep everything itemized by...
Property Management-Turning Rental Problems into Real Estate Profits
Maintenance and Repairs Maintenance and repairs; the bottom line is when you own a rental property, just like your own home, just like a car, it’s going to require maintenance and repairs. Now, for...
Property Management-Turning Rental Problems into Real Estate Profits
PETS, SMOKERS, AND NUISANCE CALLS My first pet policy was a no-pet policy which was what most of us do. I discovered over the years that even though I had a no-pet policy, I still...
Property Management-Turning Rental Problems into Real Estate Profits
Lease Rules and Regulations I have a list of rules and regulations that I put in place in my leases. This is something you can do. It doesn’t matter what lease you have. Again, you’re going to use a...
Property Management-Turning Rental Problems into Real Estate Profits
Rental Leases No matter where you are, we always recommend you use the lease from your state’s board of realtors. Sometimes, you may have multiple boards of realtors in a state, so whatever board...
Property Management-Turning Rental Problems into Real Estate Profits
Security Deposits The landlord-tenant law—the primary body of law—came out, I believe in 1957. It’s known as the Landlord Tenant Act, and most states have adopted their own versions now. This is...
Property Management-Turning Rental Problems into Real Estate Profits
Discrimination and Protected Classes There is a Federal law that comes from the Civil Rights Act of 1964 which has to do specifically with fair housing. Within fair housing, they have what they call...
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