+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:
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Apartment Resources
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Apartment
Tips
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Here are some apartments books:
(Below are some apartment websites).
Owners | Tenants
Apartment Owners
Apartment tenants
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By Mark
Lamendola, MBA, Certified Manager,
and former apartment dweller
When looking for an
apartment:
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Be wary of
promos: these indicate the landlords are having problems attracting
and keeping tenants.
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Check the parking
lot(s) for signs of trash--lots of trash outside indicates tenants
trash the inside.
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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?
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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.
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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.
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When renting an
apartment:
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Photograph the
inside before you move in. Pay close attention to doors, cupboards,
fixtures, and carpeting "wear areas."
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Pay your rent at
least 10 days ahead of time, no matter how bad the place is. This
gives you an excellent credit reference.
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Keep your place
clean; there are enough toxins from the other tenants to have an
impact on your health.
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Keep all food in
plastic or metal containers, to reduce attraction to bugs. Do not
keep paper sacks, as bugs eat the glue.
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Keep wall
hangings to a minimum, to reduce excuses the landlord might make to
keep your deposit.
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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.
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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.
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When moving out of an apartment
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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.
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Leave the place cleaner than it
was when you moved in.
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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.
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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.
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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.
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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.
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Need a townhouse? Check this out:
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For more information about these lodgings, see:
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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