Growing a Property Management Business

Share

I had to chuckle this morning, when I read an article talking about how easy it is to expand your real estate business by adding property management services.  Easy, huh? I beg to differ.

 

Although it’s certainly true, the steady income of property management activity is enticing, setting up and running a property management operation is entirely different than running a real estate sales business. Yes, your real estate pre-licensing education may have provided the minimum training you are required to have in order to be a property manager (some states require specialized licensing for property management), but did you learn anything about the business of managing investment real estate? If more than an hour of your pre-licensing education was dedicated to property management activity, I’d be surprised.

 

The article claims, “…agents are already familiar with 99 percent of the real estate law they need to know. The other one percent can be found easily.” Seriously? Let’s look at that a bit more closely.   Continue reading “Growing a Property Management Business”

Share

Security Deposits and Fair Housing Laws

Share

A few days ago, I participated in a discussion around security deposits. The issue at hand was whether a landlord (property manager) could increase a security deposit for a single tenant, and not run afoul of fair housing laws. I maintain that YES, in Nevada, you can charge different deposit amounts for different tenants.

Continue reading “Security Deposits and Fair Housing Laws”

Share

Questions from Property Managers – Renting to Sex Offenders

Share

This question comes up frequently, and the response might surprise you.

 

Peter writes,

“Can a landlord refuse to rent to a convicted sex offender, and can a homeowners association have rules and regulations prohibiting owner/landlords from renting to sex offenders?”

Continue reading “Questions from Property Managers – Renting to Sex Offenders”

Share

Accommodations and Modifications for Residents with Disabilities

Share
Silver State Fair Housing 2011 Winning Poster

 

Whether you are a property manager, owner-landlord, board member, or HOA manager, sooner or later you’ll be faced with a request from a resident for an accommodation under Fair Housing Law.

 

How about a quick test, just to see how ready you are for these requests…  Continue reading “Accommodations and Modifications for Residents with Disabilities”

Share

Fair Housing Progress in Nevada

Share

 

Governor Sandoval has signed into law SB368 which affords fair housing protections to the LGBT community in Nevada. The bill, co-sponsored by Senators Sheila Leslie and David Parks, adds to Nevada’s existing protected classes under fair housing law (race, color, religion, gender, national origin, family status, ancestry, disability) two more classes of individuals: gender identity/expression and sexual orientation.  Despite some pretty heated testimony in opposition to the bill, it made its way through both the Senate and Assembly without amendment.

 

Those opposed to the bill included “Nevada Concerned Citizens,” a group that testified, in part:  Continue reading “Fair Housing Progress in Nevada”

Share

Nevada Legislative Update

Share
2011 Nevada Legislature

 

With the passing of the first significant deadline in the 2011 Nevada Legislature, several bills failed to make it out of committee. Nonetheless, a number of real-estate related bills are moving forward. I will continue to track these bills, and provide updates, periodically: Continue reading “Nevada Legislative Update”
Share

Roommate Ads Subject to Fair Housing Law, Too!

Share
Fair Housing for All

If you follow me on Twitter, you know there’s been quite a bit of discussion lately on the case of a woman who posted an advertisement for a “Christian roommate.” The woman was cited by the local Michigan Fair Housing Council for advertising in a discriminatory manner, and the case is now being investigated by the Michigan Department of Civil Rights.

The Alliance Defense Fund (ADF) is representing the woman, free of charge, and it says, “Clearly, this woman has a right to pick and choose who she wants to live with. Christians shouldn’t live in fear of being punished by the government for being Christians.”

In my opinion, ADF is completely missing the point.   Continue reading “Roommate Ads Subject to Fair Housing Law, Too!”

Share