News & Views — Featured Articles
The Fuel For Success Is?
By Todd Smith Attitude! “A positive attitude causes a chain reaction of positive thoughts, events and outcomes. It is a catalyst and it sparks extraordinary results.” Wade Boggs, Hall of Fame Baseball Player Why another article on attitude? For the same reason, a person takes their car to...
Third Party Managers Deliver ROI for Apartment Owners
by James Cervelli Apartment owners often think that do-it-yourself property management is the best way to reduce costs and maintain hands-on control. However, hiring an experienced third-party-management firm can help owners realize savings by tapping into the broader resources of a...
Phone Lines and Your Fire Alarm System
By Brian Arenofsky Traditionally a fire alarm system in a commercial building that required monitoring at a central station required 2 telephone lines, one of which had to be dedicated to the fire alarm system only. The second line which was for redundancy could be a shared house line...
The Keys to Successful Tenant Screening
By Jamie Borodin Property management rentals can be a lucrative investment, but return on investment is put at risk when you rent to the wrong applicant – one that won’t pay the rent or who may pose a safety risk to you or the neighbors living around your property. Effective applicant...
A Commercial Lease At The End Of The Term Becomes A Month to Month Lease Unless A New Lease Is Signed
By Johnathan Mehl, Esq. I have often been asked: what are the rights of a landlord and a tenant when a lease expires? People often say that there is no lease. However, this is not the case. The provisions of the last written lease control, and the tenancy is what is known as a holdover...
Don’t Let Bed Bugs Bite Your Property
By Shannon Sked, Western Pest Services Property managers of multifamily communities across the country are always threatened by a variety of pest problems. One of the most significant (in terms of cost and difficulty to remediate) pest threats is bed bugs. Bed bugs rapidly resurged in the last...
The Leasehold Survivorship Rights of a “Functional Co-Tenant”
By Thomas S. Garlick, Esq. of Ehrlich, Petriello, Gudin & Plaza, P.C. In certain circumstances, the survivor of a deceased tenant may be entitled to continue in occupancy of your apartment as a tenant, as well as to continued financial assistance under federal and state programs, such as...
A Sound Estate Plan
By: Michael Pine, Pine Innovative Planning We all have goals we want to meet during our lifetime. The education of our children, a comfortable and financially secure retirement, and perhaps a new home or a second home. The first step of estate planning is to help you plan for -and...
H.U.D. Issues a “Guidance” Related to Criminal Background Check
By: Christopher J. Hanlon, Esq. In yet another attempt to make law, outside of the context of what we all traditionally understand to be lawmaking (either through statutory amendment or the adoption of regulations after public comment) the Office of the General Counsel of the U.S. Department of...
The Apples to Apples of Insurance Coverage
You would think property insurance should be easily understood and not very complicated and all insurance companies that would insure the same type of property would be afford similar coverages maybe with some minor differences. If that's what you think then you're wrong. It's rare...