![]() |
|
|
I have a long-time property management client who is refinancing her local rental home before she starts a trip of several months.
The appraisal was done last week and I e-mailed the lease and lease renewal letters to the mortgage broker last week.....TODAY I get a call that the exterior needs to be pressure washed, a screen door fixed and a piece of dry rotted wood replaced......NO PROBLEM in 8 inches of snow.
HELLO! it is 28 degrees and there is snow all over the ground. Screen door is the resident's responsibility as they backed into it....the piece of wood, no problem; however, pressure washing mildew (they call it mold) in SUBfreezing weather does not work and will create a worse problem than what is there.
I advise the lender what I can do and suggest they withhold $300 from my client's REfi funds, I'll have the work done, pay the bill, send a copy of the paid bill to them along with the photos of the areas of the house that have been corrected.
It took me 2 phone calls with 2 different people at the lender before the "reality" of my solution got through to them. I waited for 2 hours for the 2 lender reps to e-mail me their repair list and I when I received it, I sent it via my smartyphone to my contractor while checking my Google local weather temps for the next few days...fortunately, Thursday will be 68 degrees....YEAH!

![]() |
|
|
|
On my way into work this AM, I'm picking up 2 nice cut flower arrangements at my florist. I ordered them last week so that they would be ready for me to pick-up and hand deliver. One is going to the service coordinator of my new HVAC service firm and I will take the other one to the front desk receptionist at the office of the gated community where I have almost one-third of my rental inventory. In addition to these flower arrangements, I have a cute musical Valentine card and a $100 Sephora gift card with each flower arrangement. When I ordered these last week, I reminded the 2 MALE property managers I am mentoring to think of who makes their BUSINESS lives easier and they BOTH poo-pooed me for acknowledging those who assist us in doing our jobs. Meanwhile, I get an e-mail last night from a tenant who wants to renew their lease and who THANKED me for my FAST and EFFICIENT service personnel. This stuff does not happen by ACCIDENT! I want to acknowledge these 2 people who have helped me be SUCCESSFUL!
|
![]() |
|
|
One of the "profit center" fees I thought I would never charge I am now charging - for RENTAL/Landlord verifications.
I have a policy of ONLY providing this information IN WRITING with a copy to the new landlord AND a copy to my residents * NO She Said/He Said if their new landlord blames ME and the information I am providing for their not getting their new rental home.
I also charge a $25 "forms fee" for this. I started charging this fee when I was getting Rental Verifications from multiple lenders when departing residents were buying a new house and they were "shopping" for a lender.
I request that these forms be brought to my office ALONG with a $25 check and I will complete them and MAIL them back to my residents and to their new landlord.....sorry, no FAXES. If the resident wants to hand-deliver the copy to their new landlord, I'll mail them both completed forms.
I just received a landlord verification for a couple who has been with me for 3 years and are moving closer to town. Their lease is not up for 5+ months and for me to provide a landlord reference NOW is PREmature so I have not responded to their proposed new landlord and I have REconfirmed with them that their lease does not terminate until mid-June.
While many would think that providing this information should be pro-forma for the current landlord, when they purchased a home, my reasoning is that they paid for their appraisal and their credit report. I have to do work to complete the rent verification/landlord reference form * probably 15 to 20 minutes * so why should I not get paid? Also, I require the money with the form so that there is no discussion about the fee coming from their security deposit. They have paid a credit or application fee to the NEW landlord, so they should pay me for assisting them in that process.
![]() |
|
|
The Charlottesville area of Central Virginia is used to being ranked HIGH in most Forbes "Places" surveys - Best Places to Live, Best Places to Retire, Best Place for Finding an EXCELLENT Property Manager and NOW we are ranked #11 in Best Small Places for Business and Careers According to their March 25, 2009 online issue. We are the ONLY city in the state of Virginia and while I disagree that we do not have any billionaires per se * we have Fox Sports Newscaster Howie Long and his son Chris of the St.Louis Rams, Arthor John Grisham, Sissy Spacek and her husband Jack Fisk, and many members of the Dave Matthews Band which got its start on our Downtown Mall. The Rolling Stones played in UVa's Scotts Stadium and U-2 will play here this year.
http://www.forbes.com/lists/2009/5/bizplaces09_Charlottesville-VA_2496.html
Many of the newer businesses are associated with the expansion of the University of Virginia Medical Center and the building of the new Emily Couric Cancer Center (named after Katie's sister who was a State Senator and died of cancer), the expansion of the private Martha Jefferson Hospital and the doubling in size of the NGIC * National Ground Intelligence Command * I'd tell you what they do but then I'd have to kill you.....yes, there are loads of opportunities for new, small businesses...it's where I started my business almost 12 years ago!!!
| Rank | Metro Area | Cost Of Doing Business (Rank)1 | Job Growth Projected (Rank)2 | Educational Attainment (Rank)3 | Metro Area Population (thou) |
| 1 | Sioux Falls SD | 3 | 11 | 30 | 232 |
| 2 | Greenville NC | 4 | 49 | 35 | 175 |
| 3 | Morgantown WV | 37 | 46 | 28 | 119 |
| 4 | Bloomington IN | 11 | 41 | 23 | 185 |
| 5 | Columbia MO | 13 | 74 | 6 | 163 |
| 6 | Bismarck ND | 18 | 10 | 32 | 104 |
| 7 | Fargo ND | 62 | 29 | 22 | 193 |
| 8 | Lafayette IN | 17 | 58 | 20 | 195 |
| 9 | Iowa City IA | 21 | 124 | 5 | 149 |
| 10 | Auburn AL | 70 | 1 | 19 | 135 |
| 11 | Charlottesville VA | 31 | 45 | 7 | 195 |
| 12 | Bloomington IL | 25 | 38 | 9 | 165 |
| 13 | Rapid City SD | 1 | 54 | 49 | 121 |
| 14 | College Station TX | 89 | 4 | 15 | 204 |
| 15 | Billings MT | 95 | 6 | 27 | 151 |
| 16 | Las Cruces NM | 39 | 2 | 54 | 203 |
| 17 | Santa Fe NM | 100 | 35 | 10 | 145 |
| 18 | Bend OR | 90 | 7 | 36 | 158 |
| 19 | Bowling Green KY | 48 | 51 | 48 | 118 |
| 20 | Ames IA | 40 | 161 | 3 | 85 |
| 21 | State College PA | 106 | 75 | 8 | 145 |
| 22 | Ithaca NY | 167 | 33 | 1 | 102 |
| 23 | Athens GA | 94 | 65 | 16 | 189 |
| 24 | Grand Junction CO | 101 | 18 | 62 | 142 |
| 25 | Corvallis OR | 93 | 80 | 2 | 82 |
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved