January 6, 2021
NARPM®Radio: Power of Attorney and Lease Signing
Your property management lease allows you to sign leases on behalf of the property owner, but are you doing this legally? In the “old days” the word of the property manager was acceptable, but now that’s not enough. Today you need a power of attorney form that gives you specific rights to sign the lease on behalf of the owner. But what about foreign owners? Property management attorney Harry Heist takes on the advantages of this process in this week’s podcast on NARPM®Radio. As always, talk with your own legal counsel as laws vary in different areas.
December 1, 2020
NARPM Radio: What is Syndication, and is it a Good Investment for Me?
Syndication is the formation of a company to allow investors and outside money to participate in a real estate investment. With a syndication partnership, property managers can look for a return on their share in the total investment annually and over time without having to bear the entire cost of a property. How long is a typical property held? Who pays for repairs and upgrades? Is this the right investment for me? These questions and more answered by AJ Shepard, co-founder of Uptown Properties in Portland, OR, where he owns and manages over 350 properties.
As always, for any legal questions look to your attorney for details.
November 13, 2020
NARPM Radio: Home Warranties - False Sense of Security or Good Investment?
Are home warranties a good idea? Did you know that there’s not much difference between insurance and a home warranty, and often claims are delayed or denied? What should you look for when evaluating a home warranty? What about “pre-existing conditions”? These questions and much more insight from property management attorney Harry Heist are in this week’s NARPM Radio podcast; don’t miss it! As always, check with your attorney as laws vary in localities and states.
October 27, 2020
You took over a property and an appliance breaks. You get it repaired, and the owner is upset, saying that there was a warranty on the appliance. You weren't made aware of a warranty, and you have the right to make a repair up to a specified limit. Now the owner refuses to pay the repair charge. What do you do? Pick up a few tips on this tricky situation from property management attorney Harry Heist.*
*As always, remember to check with your legal counsel as laws can vary by state or locality!
September 28, 2020
What makes a property manager and owner shudder? Paying a tenant to leave. But after paying thousands of dollars in legal fees, sometimes it's the best business decision you can make. Someday, you might get stuck with a "professional tenant" who knows the law almost as well as an attorney. Find out how to deal with it in this podcast featuring property management attorney Harry Heist. As always, check with your own legal counsel as laws vary from localities and states.
September 21, 2020
Need a unique tool to get your business in front of clients? Google and Facebook reviews are huge today, and you can use these to make your company stand out online. Drive hundreds, even thousands of reviews, on your company to Google and other relevant sites with NARPM’s newest member discount through Podium. It’s actually easier than you might think, and very affordable to build your online presence and positive reviews. Check out how it works on this week’s NARPM®Radio podcast series, available on Apple iTunes, Podbean, and now Stitcher apps.
September 9, 2020
A conversation with Anne Lackey answers your questions about what role a virtual assistant can play in the life of a property manager. What's the difference between a remote employee and an in-house employee? Where are virtual assistants located? What tasks can they help you with? Answers to these questions and more in this informal conversation with NARPM.
August 28, 2020
NARPM®Radio: Tenant is Gone; Money is Still Owed. What To Do?
The lease is up, tenant is gone, but money is still owed. When this happens, sometimes you can get the tenant agree to pay up – but maybe not. Most people want to pay their debts and keep their credit clean, but what can you do to make sure they pay what’s owed? Find out what “acceleration” means in this situation, and how it works for you in this week’s podcast featuring property management attorney Harry Heist. As always, be sure to check with your attorney as laws vary in states and localities. And don’t forget to subscribe to NARPM®Radio on iTunes or your favorite podcast provider!
August 21, 2020
NARPM® Radio: Decisions, Decisions: New Situations = Danger Zones
Making a decision based on how you FELT it should be handled, or how you KNEW it should be handled... when it’s a new situation, you’re in the danger zone. The tenant dies, the relative wants access – what do you do? The unit has a bad roof and is leaking – do you wait for the adjuster or call a roofer? The tenant complains of mold – do you immediately call an inspector? Decisions like these come up all the time, and mistakes can be made. How do you NOT make a mistake? What’s the one best thing to do? Find out in this week’s podcast featuring property management attorney Harry Heist.
*Always check with your attorney as laws vary by state and locally.