“The FACTA “Red Flags Rule” and residential property management”. Are property owners and managers covered under the “red flags rule”? And if property owners and managers are covered by the Red Flags Rule, what must they accomplish to …

A property management service will give you peace of mind – a local number to call for guests visiting the property, and ‘your eye in Spain’, keeping a regular check on the property. Take a look at these basic options to see which fits …

Can you please be a little more specific, when you say “my management company” do you mean a company that you employ to take care of your property, or do you mean the property management that looks after the building you live in. …

The property management company that owns the base site is looking to develop it into a residential area, Racine Multisports owner Ken Racine said, and approached him about organizing the races. “There will be an opportunity, regardless of what …

2 Responses to “what are the Illinois requirements to start a Property Management Company?” NuclearMessiah: March 21, 2010 at 3:32 am. Google it, Wiki it or go to NOLO.COM which has lots and lots of legal information. …

The first step in finding the right realtor is knowing what this kind of realtor does and charges. Many realtors charge on a commission on the basis of the higher the value of the home, the higher the commission charged by way of a percentage against the sale price of a property.

Purchasing cheap and affordable homes or a Boca Raton investment property from other investors who sell or rent it out is what wholesalers do. Using the home as an investment and re-renting or selling the home to generate an income …

You’ve got your eye on an investment property and you want to know what it’s really worth but you’re not …

My apartment manager, who so happens to be the director of the HOA although no homeowners actually live in the units…recently adopted a no smoking policy. She mentioned this was going to happen as she handed me a lease. Nothing at all in the new lease about this new policy, but she had apparently mailed a letter the very same day with this new rule. Wouldn’t she legally have to give me the letter BEFORE signing? Don’t leases have to expire and be re-newed to make rule changes? No one has been asked to sign the new rule either.

I should note, I assumed the no smoking was for decks, outside stairs, or by windows as she has mentioned she wanted to do many times. This rule even bans having a cigarette in our cars pulling in or out of the driveway. She also stated there would be a “very nice smoking area with tables and chairs”. Welll..this “very nice area” is ten feet from railroad tracks and a major street. The chairs consists of large cement blocks and raw wood, currently there is snow a foot deep in this area.

My question is, can she legally change a lease without agreeing to it in writing? Is this grounds to get out of my lease? And, isn’t it a conflict of interest to be the sole leasing agent, and owner of the property management with no other employees and the director of an HOA which the managers husband has said has one person..the manager.
I should add details, I have never smoked inside, that is in the original lease which I followed as I hate smoke inside and I have children.

The problem is according to the new rule there is no smoking anywhere at all. She claims it is an HOA rule, therefore not a lease change as we agreed to follow HOA rules. It gets trickier. This so called “HOA” hadn’t filed papers with the state for over two years when this was passed. I mentioned this to her as I was trying to find the HOA director, which so happens to be the sole employee/owner of the property management company.

From what I understand if there is a violation it is against the owner, but I don’t have a clue who owns this place and she refused to tell me. Any tax records are listed under the property manager/HOA director. Building permits are under yet another delinquent company with the same person.

I am asking for knowledgeable opinions on good locations for buying either residential property for immediate income or a small, undeveloped commercial parcel for long term investment.

I know real estate very well where I used to live in a Great Lakes state. The zoning laws and required infrastructure are very stable. I have lived here for almost a year now but the politics and federal involvement in NOLA are confusing and it could be very risky for a private investor.

I can hold off on buying, but then everything goes to insider speculators. Any suggestions?

I can handle about a ten unit apt complex on my own, with an on-site super instead of using a property management company.

I don’t want to be part of a consortium to buy commercial property. I’d rather hold on to a small parcel for years and see what develops around it. Then eirther sell or build.