Most landlords don't realize that tenant safety decreases and landlord liability increases when a master key system is used for rental properties. The truth is that convenience and key storage should not dictate that one key be used for multiple properties.The loss of the master key or the termination of a trusted employee or contractor can be an expensive crisis depending on the number of locks that necessitate re-keying.Master keying makes the lock more susceptible to manipulation since multiple combinations of key cuts will open the lock. … [Read more...]
Lead Paint – TO TEST OR NOT TO TEST…
January 13, 2010 By Leave a Comment
Generally owners of pre-1978 houses don't test properties for lead-based paint. They don't want to know if lead exists since testing results must then be given to everyone who wants to rent or buy. I take a different approach. Testing shows both where lead exists on the property and where it does not. Painting, repairing and renovating areas that do not contain lead-based paint do not require hiring certified lead-paint contractors to do the work. Lead paint was expensive and was generally used only on the exterior of properties because it held … [Read more...]
April 22, 2010 – AN IMPORTANT DATE FOR HOUSE INVESTORS
January 10, 2010 By 1 Comment
If you own rental property that was built prior to 1978 you will find that your operating costs are going to increase after April 22nd of this year. That is the day that you are required to use certified lead-based paint contractors to perform any repairs, painting or renovations that disturb 6 square feet (or more) of painted surfaces per room for interior activities or 20 square feet (or more) of painted surface for exterior activities. There are very few exceptions to this law and penalties can be high for non-compliance.The problem with … [Read more...]
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