Jan 12 2009
Okay, so there are lots of foreclosures. Many have been listed for sale – but at full ticket
prices.
When is a Bargain a Genuine Bargain?
There are auctions of properties, priced at 25% less than 2006 prices; but not priced at
25% off 2008 prices, which are substantially lower!
If house prices in your area are off 15% to [...]
Nov 05 2008
Question One: I recently purchased a house in a foreclosure proceeding. There are
occupants in the house. What notice is required to force them to vacate?
Answer One: If the previous owner or his family is occupying the house, a "30-Day
Notice To Quit" is required. If the persons who are occupying the house are tenants, the
new law [...]
Aug 06 2008
Are you purchasing, managing or developing with “Green” appliances? No not avocado green from the 1970’s.The question is are these appliances easy on the environment? Talk and action about “Green” is coming to the forefront as we [...]
Jun 26 2008
Best Practices: Milan Management LLC Milan Properties Inc.
Amy M. Rubenstein , CEO
Best Practices: Management
Management includes all relations with a tenant that occur after move-in. Rent collection,
maintenance calls, eviction, rent raises, even collections fall under the definition of
management. There is no “one best way” to manage rental properties, and some of the
particulars of [...]
Jun 18 2008
Milan PRoperties Inc. Apartment Owners Association
TIPS ON MANAGEMENT
Filling Vacancies Now Requires More Than Just a For Rent Sign
Do you have a website to help you fill your vacancies? A few years ago, a website would have
been an added attraction that could have propelled you ahead of your competition. Times have
changed. Pretty soon, [...]
Jun 16 2008
Milan Properties Inc. Real Estate Investment Company
by Freedom Daily
In every country examined, the introduction and continuance of rent control/restriction has done
much more harm than good in rental housing markets – let alone the economy at large – by
perpetuating shortages, encouraging immobility, swamping consumer preferences, fostering [...]
Jun 12 2008
I am taking the liberty to go outside the format in this issue.to warn our members of adisturbing situation that has arisen in the eviction courts.A trend is now occurring, where tenant defense attorneys are
now requesting jury trials. It should be first noted that all litigants have the right to a jury trial, if a
proper [...]
May 26 2008
After the tenant has been evicted, and you have obtained a money judgment for the back rent,
attorney’s fees, and court costs, you can pursue the money rightfully due. Turn your judgments
over to collection where they will aggressively pursue the judgment debtor until you are paid in
full. There is almost always no additional charge for collection [...]
Jan 12 2008
Milan and Amy Rubenstein bring you some tips on the health issues we should all care about.
Body Mass Index (BMI) is one common method used by researchers and health care
professionals to measure overweight and obesity. The BMI chart shows the range of
healthy and unhealthy weight for different heights. You can contact the American
Institute for Cancer Research to [...]
Dec 18 2007
These pointers may be used for all types of real property acquisitions, but will be of
particular interest to those purchasing multi-unit dwelling structures.
NON-RECOURSE FINANCING
The most important tip that I can impart is to use your best efforts to negotiate a “non-recourse”
loan with the bank. A non-recourse loan is a loan for which the borrower [...]
Dec 09 2007
First quarter survey results revealed new market leaders in quarterly rent growth, according to data
recently released by RealFacts. Unlike the last five to six years, recently each quarter reveals different
markets accelerating and decelerating in rent growth, as very few coast with little change. Long time
leaders Riverside-San Bernardino and Las Vegas continued decelerating during the [...]
Nov 29 2007
Commodity Buildings
Commodities are items that are functionally indistinguishable from each other.
Examples might be sheets of 8 ½ x 11 white typewriter paper, or comparably equipped
Ford Explorers, or even low end apartment buildings, wherein the individual units have
the same utility as all the other individual units in the area. Everything else being equal,
where do you buy [...]
Nov 22 2007
How many people have you met who said, when you mentioned that you own or manage rental property, something like “I owned a rental once and it was a nightmare”? That is followed by an enumeration of the disasters that befell that person and the property.
Owning and managing rental property is the greatest thing [...]
Nov 20 2007
Many landlords believe that they cannot reject any applicant for any reason; that they
have to accept the first one to come along with the money or risk the grief of a lawsuit.
Not so. There are numerous legitimate, businesslike reasons to reject a prospective
tenant.
1. Unsatisfactory References from Landlords, Employers and/or Personal
References. These could include reports [...]
Nov 18 2007
In the times of the slow real estate market and the current financial turmoil, the fittest not only survive but do even better. I always thought that “What does not kill you, makes you stronger”. You need to struggle a little to succeed in life. Attached are some of my favorite motivational quotations to help [...]