http://www.biggerpockets.com/renewsblog/2008/06/02/apartment-building-management-tips/ Learn, Network, Invest Fri, 21 Nov 2008 00:18:57 +0000 http://wordpress.org/?v=2.6.1 http://www.biggerpockets.com/renewsblog/2008/06/02/apartment-building-management-tips/#comment-61153 carla Sun, 09 Nov 2008 13:08:32 +0000 http://www.biggerpockets.com/renewsblog/?p=1002#comment-61153 Very well said Ted, policies and agreement must be clear in both parties to maintain the cleanliness and safeness of the building. Both parties should have a clear understanding of what to do's and don't s while staying in a building. Very well said Ted, policies and agreement must be clear in both parties to maintain the cleanliness and safeness of the building. Both parties should have a clear understanding of what to do’s and don’t s while staying in a building.

]]> http://www.biggerpockets.com/renewsblog/2008/06/02/apartment-building-management-tips/#comment-57271 MoneyMan Sat, 07 Jun 2008 20:35:55 +0000 http://www.biggerpockets.com/renewsblog/?p=1002#comment-57271 Your so right. Put everything in writing so there is no confusion! Your so right. Put everything in writing so there is no confusion!

]]> http://www.biggerpockets.com/renewsblog/2008/06/02/apartment-building-management-tips/#comment-57256 Commercial Mortgage Loans Sat, 07 Jun 2008 03:49:25 +0000 http://www.biggerpockets.com/renewsblog/?p=1002#comment-57256 Great advice. I would recommend that investors build the management fee and a maintenance reserve into all pro-forma financial projections. Great advice. I would recommend that investors build the management fee and a maintenance reserve into all pro-forma financial projections.

]]> http://www.biggerpockets.com/renewsblog/2008/06/02/apartment-building-management-tips/#comment-57222 Nadine Thu, 05 Jun 2008 07:58:29 +0000 http://www.biggerpockets.com/renewsblog/?p=1002#comment-57222 Repair and maintenance of the apartment is very important point. I am impressed that you put it into the rules. Many business people just stop with build stage and less is continue with maintaining. Repair and maintenance of the apartment is very important point. I am impressed that you put it into the rules. Many business people just stop with build stage and less is continue with maintaining.

]]> http://www.biggerpockets.com/renewsblog/2008/06/02/apartment-building-management-tips/#comment-57192 stephan xiao Tue, 03 Jun 2008 06:11:56 +0000 http://www.biggerpockets.com/renewsblog/?p=1002#comment-57192 the agreement is so important that both sides should know their responsiblities. you have blogged the details of writing an agreement between tenant and management, it's necessary. the agreement is so important that both sides should know their responsiblities. you have blogged the details of writing an agreement between tenant and management, it’s necessary.

]]> http://www.biggerpockets.com/renewsblog/2008/06/02/apartment-building-management-tips/#comment-57182 Charles Wilson Mon, 02 Jun 2008 22:38:25 +0000 http://www.biggerpockets.com/renewsblog/?p=1002#comment-57182 Ted, You are so right about being clear up front so both management and the tenant know what the responsibilities for maintenance and cleanliness are for the whole complex, as well as their individual unit. Getting the basics and ground rules up front makes it easier down the road. It will be clear cut and in writing. I know it made a difference when I was managing single family houses. As I moved into apartments, it made a big difference. Keep up the good work. Now, as a professional commercial real estate property scout, it is one of the things I look for in evaluating an apartment complex. Are there deferred maintenance issues and are there bad management and policies in place? Keep up your good helpful blogs. Thanks, Charles Wilson Professional Commercial Real Property Scout Ted,
You are so right about being clear up front so both management and the tenant know what the responsibilities for maintenance and cleanliness are for the whole complex, as well as their individual unit.
Getting the basics and ground rules up front makes it easier down the road. It will be clear cut and in writing. I know it made a difference when I was managing single family houses.
As I moved into apartments, it made a big difference. Keep up the good work.
Now, as a professional commercial real estate property scout, it is one of the things I look for in evaluating an apartment complex. Are there deferred maintenance issues and are there bad management and policies in place?
Keep up your good helpful blogs.
Thanks,
Charles Wilson
Professional Commercial Real Property Scout

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