by Nadeen Green
Hoarding has become a major issue for landlords in the multifamily housing industry. This was evident from the show of hands at a recent National Apartment Association education session on hoarding presented by my friends DJ Ryan, Kathy Belville and Craig McMahon from the Kimbrell, Tirey & St. John’s law firm.
by Eddie Hicks
Community owners and residents of cooperative manufactured home land lease communities may wish to know the financing alternatives when their conduit loans come due. The most obvious but perhaps not the best option is to let the loan go to the end of it's term, and let the lender decide whether or not to make you a new loan or extend the current loan for a short period of time.
by Chrissy Jackson
Last month in this series, we looked at what components go into the preparation of a budget. Now, let's look at who uses the finished budget? The community manager will use the finished budget on an ongoing basis as purchasing decisions are made throughout the year. The maintenance supervisor should also use it for guidance when ordering supplies and timing delivery of materials.
by John Merchant, JD
In Part 1, I showed how the illegal or careless use of Other People's Money (OPM) could and often has placed the user or borrower in major trouble. That trouble might well have been avoided if the user/borrower had been more careful about how he'd set up and exececuted the deal on the front end.
We often read of some character who's used OPM in such a way as to cost his investors all or most of their investments while getting himself in major civil or criminal difficulty due to the promoter/borrower having failed to heed his laws.
by Joanne Stevens
Once again the commercial real estate market is heating up, especially for apartments and mobile home parks. Investors like real estate because it is hard to find good investments (stocks for example) that have some degree of certainty.
Real estate investment has its trade offs. It’s a long term investment and it takes management. It’s not liquid. Still the supply and demand quotient works.