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Squatting: the New Euphemism for Property Management!

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    It s true Elsa, continued Tanya, despite Linda s warning glare, he couldn t stop talking about you.

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    Squatting: the New Euphemism for Property Management!

    Unless you have avoided all contact with current events, you are poignantly aware of the devastating effects of the economy on increasing foreclosures. The Boston Globe featured Max Rameau as a real estate agent who matches homeless people with empty homes in Miami. Sounding a bit like Robin Hood, Rameau envisions himself as a crusader in locating vacant homes, breaking in, and even joining with a Miami group called “Take Back the Land” to provide supplies. Thanks to Rameau, some are now living in lofty digs. One such lucky recipient is Marie Nadine Pierre who occupies a home purchased in 2006 for $430,000. Not a bad arrangement at all for the Pierre, except that the home’s locks were changed and her belongings removed when she returned home from an outing one day. But thanks to Rameau she is back in, but admits she is in fear of it happening again. It seems like fear is what all of us have when we try to keep our homes in a struggling economy. Don’t many average Americans take that second job or cut back on spending to provide homes for our children? Pierre wants her 18-month-old to live in a home, but apparently she feels that someone else should provide it for her. She has a great deal going since she appears to lack a conscience, and the interview did not elicit any remorsefulness about breaking in and living in a home that does not belong to her.

    The changing trend in the America I love seems to err on the side of the perpetrator once again. In a scenario where a couple is transferred to a new area but still owns a home, the unoccupied home is fair game to Rameau and “Take Back the Land.” It’s not very appealing when it is your home we are talking about, the home for which you made great sacrifices. You have worked at keeping your family together, put in long hours, given abundantly to homeless people in your hometown, and you have believed that stealing is wrong no matter how it is euphemized for selfish motives. It is obvious the poor are facing many difficult days ahead, but more of America is becoming part of this group with job losses multiplying daily. Does poverty give one a license to steal and take advantage of someone else’s misfortune?

    With this approaching attitude and practice that is overlooked by police, a real estate agent is not adequate. It would be well worth your investment to hire a qualified property manager as well, especially one who does not hold the same beliefs as Rameau, or you may find your property inhabited by squatters who think they have rights. You may end up having to fight for a property you already own.

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    Property Manager: Whose Standard?

    Property Manager: Whose Standard?

    One of the biggest deterrents to real estate investment is the fear of the overarching role of property management. It is indeed a position packed with morality issues. To survive with a profit, a property manager is recommended for even those who own minimal properties. At first glance the position of property manager appears to be procedural, consisting of maintenance and bookkeeping. However the position is strongly connected to economics. Home ownership and property responsibility go hand and hand, as it is one’s vested interest. Even the best intentioned renters may default due to unforeseen circumstances as the ultimate responsibility falls upon the landowner. Here is the crux of this article: the position of property manager is highly relational. There is a much greater chance for responsibility and respect when a personality is envisioned by a tenant rather than a company. This is probably one of the greatest defenses for capitalism as opposed to communism. What was the item most missing/stolen from Russian communist factories? The answer is the light bulb because it could be resold to the public, being a commodity in great demand among the Russian people. Was there any guilt or sense of betrayal among the workers? Probably not since it was the government they were stealing from. The government, no matter how benevolent, is not relational when one is battling hunger and in need of shelter. The point is that a tenant tempted to strip a rental of its goods is more apt to think about a relationship with a property manager who has heartily advocated for the tenant while fairly representing a property owner who is in the business to make financial gains.
    How would such qualities be manifested in an interview? Real estate owners have a long history of occasions from which an interview could be produced. A series of scenarios and responses would elicit a good grasp of the candidate’s philosophy of his/her mediating position and personal responsibility to both owner and client. Before hiring anyone, written responses from the potential employee must be submitted which require responses to a variety of situations requiring eloquence as well as strength, compassion, and an uncanny sense of fair play. Whether a renter or an owner, we are talking about someone’s home or place of business, and emotions run high when they represent one of man’s basic needs (shelter). It will be well worth the time and effort to prolong this job interview to gain a truthful sense of insight into the character of this very important representative.

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    Property Management | Should I Hire Just Anybody?

    Property Management | Should I Hire Just Anybody?

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    I dare say that sounds a bit dire, does it not? You know, so you wouldn t cause any major destruction to the future.

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  • Managing your properties and tenants can get surprisingly out of hand at times.
    Quickly.
    Maybe you’re living too far from your property and find it hard to screen your applicants…and realize that you need help.
    Or maybe you’ve taken on quite a workload.
    Or maybe it’s Super Bowl Weekend.
    Whatever.

    You’re going to need a Professional Property Company to help you.
    But how does a person DO that?

    1. Prestige
    You can find Professional Property Companies everywhere, especially on the internet.
    Many of them make outlandish promises to gain your trust; we’ve all seen the ads.
    But after hiring them, forget it; they wanted a check, and they got it. Next.
    Check their credentials: You can start by checking with the Better Business Bureau to see their reliability.
    If the company has a satisfactory rating (example: www.WMDouglas.com), you can feel safer.
    Also, if a company has been around for a long time, that can tell you something.

    2. Read the fine print!
    Look closely at the cost - including hidden charges and fees – every time.
    Call or e-mail their customer support and ask an actual person about ALL the fees, and write them down. There should be clear terms for everything:
    A. Do you pay them the same in times that you have vacancy in your properties?
    B. How can we work out incentives in times they successfully rent your property?
    Knowing the details ahead of time will save you time and money in the future.

    If you find the property management company that you think is right for you, arrange a meeting with the property manager that will be assigned to serve you.
    Never hire anyone over the phone!
    Ask for the full-service details of what you can expect from them; it‘s crucial to know the limitations of their services, the guidelines, and how and when you will receive your financial reports.

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  • Use common sense, intelligence, wit, and go with your gut.
    (unless you had bad chicken earlier that day!)

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