Fair market rents (FMRs) are established by the U.S. Department of Housing and Urban Development (HUD) and are calculated annually. While HUD uses FMRs as a way to determine rental voucher amounts for government assistance programs like Section 8 housing contracts,...
All of these assumptions are wrong. They won’t declare bankruptcy while living at the property And if they do, you can evict them They won’t make partial payments They won’t make partial online payments They understand your late fee policy They will pay the water...
We once had a fellow real estate investor ask: “I have a crack going horizontally straight across the basement wall at one of my properties. I am assuming it is a result of hydro-static pressure. I have had the drains snaked and the tenant does a decent job of keeping...
Peter Lohmann, RL Property Management, 2019. Something rarely discussed are the long-term advantages of holding rental property. Many “helpers” (realtors, lawyers, bankers, etc) in the real estate industry make money every time you transact...
There is A LOT to know when being a landlord. The RL Property Management team has several decades worth of “landlording” experience in-house. In most situations, we know the “best practice” approach, mostly due to training but also learned from mistakes made in the...
Did you know that 3 out of 5 deaths caused by fires occur in homes with defective or absent smoke alarms? Our team is sensitive to these stories and hears about these types of incidents way too often in the news. Unfortunately, we have taken on management of way too...
