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+Apartments! All about rentals.
Advice, locators, listings, and Websites for apartments.

This page is for those who need to find or evaluate apartments.

Apartment quicklinks:

 

Apartment Resources

Apartment Tips

Here are some apartments books:
(Below are some apartment websites).

Owners | Tenants

Apartment Owners

Apartment tenants

By Mark Lamendola, MBA, Certified Manager,
and former apartment dweller

When looking for an apartment:

  1. Be wary of promos: these indicate the landlords are having problems attracting and keeping tenants.

  2. Check the parking lot(s) for signs of trash--lots of trash outside indicates tenants trash the inside.

  3. Drive by the place at night. Does it look well-lit enough for security without being so overlit you have no chance of sleeping? Is there night-life going on? If so, does that match your sleeping pattern?

  4. Before you sign the lease, check the heating ducts. If they are dirty, insist they be cleaned or at least vaccumed out. If the landlord balks at this, act indignent and mention another apartment complex.

  5. Give your prospective apartment a good sniffing test--if the carpet is ruined by spilled milk or pet poop, you don't want to be sleeping there.

  When renting an apartment:
  1. Photograph the inside before you move in. Pay close attention to doors, cupboards, fixtures, and carpeting "wear areas."

  2. Pay your rent at least 10 days ahead of time, no matter how bad the place is. This gives you an excellent credit reference.

  3. Keep your place clean; there are enough toxins from the other tenants to have an impact on your health.

  4. Keep all food in plastic or metal containers, to reduce attraction to bugs. Do not keep paper sacks, as bugs eat the glue.

  5. Keep wall hangings to a minimum, to reduce excuses the landlord might make to keep your deposit.

  6. Do not make your own repairs--landlords are seldom appreciative. If a landlord says, "Fix it, I'll reimburse you," tell the landlord, "Give me an advance on the parts." If the landlord does not reimburse you, you really have no recourse. Witholding your rent money is a poor way to get your way.

  7. Report all repair needs immediately, and always follow up with a written note if you notify by phone. You need to have a paper trail in case of disputes.

  When moving out of an apartment
  1. Try to leave on good terms: landlords figure highly in your credit and other references. You can always "get them" some other way--don't mess up your credit.

  2. Leave the place cleaner than it was when you moved in.

  3. Remember those "move in" photos? Take photos when you move out, too. Pictures don't cost much, and you can pitch them a year after you get your next place.

  4. Fix any holes you put in the walls. If you really hate the landlord, use white toothpaste to fill small nail holes. Otherwise, invest $15 in a small can of spackling compound, brush and paint.

  5. Don't leave dust balls behind. In fact, don't leave anything behind unless it's supposed to be there. This means you don't leave trash.

  6. A couple of hours and a few dollars of your time invested wisely at move-in and move-out times can pay big dividends. Think of your landlord as an investment--the landlord's good will is all you will have left after paying rent instead of a mortgage.

Need a townhouse? Check this out:

For more information about these lodgings, see:

www.breckenridgehomerental.com

Here's an investment property site: http://www.access-investment-property.com/

 

Apartments Books Sampling

The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges (Paperback - December 20, 2004).
Whether youre a first-time real estate investor or a seasoned professional, The Complete Guide to Buying and Selling Apartment Buildings helps you map out your future, find apartment buildings at a fair price, finance purchases, and manage your properties. Now revised and expanded, this Second Edition includes tax planning advice, case studies of real acquisitions, and appendixes that add detail to the big picture. Plus, it includes a handy glossary of all the terms investors need to know, helpful sample forms that make paperwork quick and easy, and updated real estate forecasts. With this comprehensive guide at hand youll find profits easy to come by.

The Real Estate Recipe: Make Millions by Buying Small Apartment Properties in Your Spare Time (Nuts & Bolts Series) by Brian K. Friedman (Hardcover - September 2004).
Robert D. Falese III, Senior Vice President, GMAC Commercial Mortgage: This book includes secrets utilized by seasoned industry professionals with guidelines and illustrations easy to follow for first time investors.

Frank C. Beck, CPA: This book is the most truthful, revealing, insightful, instructional and financially direct text on apartment property investing ever written.

The 7 Secrets to Successful Apartment Leasing by Eric Cumley (Paperback - October 6, 2005).
Vacant apartments mean income lost—for property management companies, investment property owners, landlords, and anyone else who relies on rental income to pay the bills. In 7 Secrets to Successful Apartment Leasing, Eric Cumley provides seven proven industry secrets to building the relationships that achieve and maintain high occupancy levels. From “Stop Qualifying Prospects and Start Interviewing Them,” to “Follow-Up is the Extra Mile,” Cumley provides examples, tips, to-do lists, sample scripts, and more that will help you responsible for filling vacancies do so, quickly and effectively.

The Rental Property Manager's Toolbox: A Complete Guide Including Pre-Written Forms, Agreements, Letters, And Legal Notices: With Companion CD-ROM by Jamaine Burrell (Paperback - July 1, 2006).
Take a look through the Forbes annual issue of the richest Americans, and you will find a majority of those personal fortunes have something to do with real estate. Real estate rental income rarely experiences wild swings in value, instead providing predictable returns at many times the rate of money market accounts or CDs. In addition, there can be substantial tax advantages as well.

 

 


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