Mindblown: a blog about philosophy.
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Do Leasing Consultants Take 15-Minute Breaks Daily?
For leasing consultants and agents working in property management, taking regular breaks during the workday is an important but sometimes overlooked issue. Let’s look at whether 15-minute breaks are typically taken daily in states that allow them. State Laws Vary The first thing to understand is that break laws vary significantly from state to state.…
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Are There No Late Fees in Commercial Real Estate?
Contrary to what some may believe, late fees are very much a reality in commercial real estate leases. While the specifics can vary, landlords commonly include late fee provisions in commercial lease agreements as a way to incentivize timely rent payments and recoup costs associated with delinquent tenants. Late Fees Are Common in Commercial Leases…
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Can a Property Management Company Manage a Single Residential Property?
The short answer is yes, property management companies can and often do manage single residential properties. While many people associate property management firms with large apartment complexes or multiple properties, these companies are equally capable of handling individual homes, condos, or townhouses. Benefits of Using a Property Manager for a Single Property There are several…
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Should You Live Onsite for a 20% Discount? Weighing the Pros and Cons
If you work in property management or a similar field, you may have the opportunity to live onsite at the property you manage in exchange for a discounted rent. While a 20% discount can seem enticing, there are several factors to consider before making this decision. Let’s explore the pros and cons of living onsite…
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Are YouTube Influencers Impacting the Property Investment Trend?
In recent years, YouTube has emerged as a powerful platform for sharing information and influencing consumer behavior across various industries. The real estate sector is no exception, with YouTube influencers playing an increasingly significant role in shaping property investment trends. Let’s explore how these digital content creators are making their mark on the world of…
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Is the Original Bill Included When Using RUBS?
When implementing a Ratio Utility Billing System (RUBS) for your multifamily property, you may wonder whether you need to include the original utility bill along with the individual tenant invoices. Let’s explore this common question and best practices for RUBS billing transparency. The Short Answer: It Depends There’s no universal requirement to include the original…
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Is It a Concern if an Applicant’s Name Does Not Match Their Email Address?
When applying for jobs, a common question that arises is whether a mismatch between an applicant’s name and email address is cause for concern. While it’s generally recommended to use a professional email address that includes some variation of your name, a difference between the two is usually not a significant issue as long as…
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Is Proof of Renters Insurance and Utilities in Tenants’ Names Required Before or After Lease Signing?
When renting a new apartment, tenants are often required to provide proof of renters insurance and transfer utilities into their name. However, the timing of when this proof is required can vary depending on the landlord’s policies and local regulations. Timing of Proof Requirements Most commonly, landlords require proof of renters insurance and utility transfers…
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Steps to Protect Oneself When a Partner Leaves Their Role as a Resident Services Coordinator
When a relationship ends and your partner is the resident services coordinator for the building where you both live, it can create a complex and potentially risky situation. There are important steps you can take to protect yourself legally, financially, and in terms of your housing rights when navigating this transition. The key is to…
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Are Utility and Vendor Bills Typically Run Through a Company Credit Card?
Utility and vendor bills can indeed be run through a company credit card, but whether this is typical depends on various factors, including company policies, the nature of the expenses, and the benefits or drawbacks associated with using credit cards for such payments. Benefits of Using Credit Cards for Utility and Vendor Bills Drawbacks of…
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