Property Management Nation

Entries from May 2009

3 Things You Might Not Know About Lincoln…

May 28, 2009 · Leave a Comment

…California.

Did know there is a Lincoln, CA? Well, in fact, there are 35 places called Lincoln across the country–12 of which are in Wisconsin alone.  Lincoln, CA has its own charm and identity which is why it gets a post all to itself.

Located just north of Sacramento, Lincoln is a bedroom community with a small town feel but contemporary amenities, and a personality all its own.

“It’s just another commemorative presidential town in California,” I hear you mutter. Not so.

1. Lincoln, CA is not named after President Abraham Lincoln. No indeed, Lincoln, CA is named after Charles Lincoln Wilson, a higher up in the California Central Railroad circa 1859.

“But there’s nothing to do in Lincoln,” you protest. Wrong again.

2. Lincoln opened the first casino in the Greater Sacramento area in 2004. Thunder Valley Casino has more than 85,000 square feet of gaming floor and is fast becoming a top relaxation spot for residents and vacationers alike.

“Fine there’s entertainment, but what about history?” you ask. You’re a tough crowd, but I’ve got you there as well.

3. Feats of Clay. Every May, the Gladding McBean Clay Factory gives tours and hosts the Feats of Clay event–a festival highlighting ceramic pottery as a tribute to the architectural terra cotta masterpieces that have been produced by Gladding McBean since 1875.

So there you have it. Three facts you probably didn’t know about the city, provided you knew about Lincoln, CA at all.

Brought to you by: http://www.allpropertymanagement.com/search/california/lincoln-property-management-companies.html

Categories: Lincoln

Understanding Rent Stabilization in New York City

May 22, 2009 · Leave a Comment

Rent stabilization has been in effect in New York city in one form or another since 1943. With over 1 million rent-stabilized units in the city today, and recent controversial legislation affecting rent-regulation, rent control is still a hot topic in the country’s most densly populated city.

For those of us who are not New York city natives and don’t live in a state or city that allows rent control, it can be a tricky subject to understand. Essentially, rent stabilization protects  tenants from steep rent increases and allows them the option to renew their lease; rent stabilization does allow for regulated percentage increases, which can change from year to year and is set by the The Rent Guidelines Board.

According to the NYC Rent Guidelines board, rent stabilization differs slightly from rent control in that rent controlled apartments, “apply to residential buildings constructed before February 1947 in municipalities that have not declared an end to the postwar rental housing emergency…For an apartment to be under rent control, the tenant (or their lawfyl successor such as a family member, spouse, or adult lifetime partner) must have been living in that apartment continuously since before July 1, 1971.”

What does rent stabilization control mean for property managers in the city? According to an article by Jeremy Peters in the New York Times, many landlords and the Rent Stabilization Association are unhappy about new legislation.

At Property Management Nation, we’re interested to know your thoughts. How do you feel about rent stabilization?

http://www.allpropertymanagement.com/search/new-york-property-management-companies.html


Categories: New York · property management
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Finding a Property Manager in Seattle

May 19, 2009 · Leave a Comment

Finding a property manager can be a daunting task, but professional managers are more accessible and affordable than you might think. Property managers and management companies are available for all types of properties– from single family homes and condos to business parks and lifestyle centers.

Property managers are an ideal solution for those who own investment properties but are tired of the responsibilities, and a welcome possibility for those who are interested in owning a real estate investment but don’t want to deal with the upkeep.

Professional managers handle all of the day to day time-consuming tasks like acting as the first point of contact with tenants, keeping financials up to date, and handling the administrative and maintenance tasks to keep the property up and running.

While property managers come at a price (in general, fees are up to or around 10% of the monthly rent, depending on the location and size of the property), their services often lower operating costs and maximize revenue, making the investment in professional help well worth the price.

With Seattle’s competitive market, it is easy to feel intimidated if you are just starting to explore your options, however, there are companies available for every type of need. To help get you started, here is a great list of property management companies in the city: all property management / seattle.

*Also find the list on http://www.allpropertymanagement.com/search/washington/seattle-property-management-companies.html.

Categories: property management · seattle
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