Posts Tagged maintenance

Maintenance On A Rental Property

Maintenance on a rental property can be a confusing issue. Renters may mistakenly assume all maintenance is the responsibility of the leasing agent and maintenance staff but this is usually not true. In many cases the leasing agent and maintenance staff are responsible for maintaining the common areas and performing major repairs on the apartments but the renters do typically have some responsibilities. These responsibilities are often defined in the rental agreement and the renter should familiarize himself with this document to verify his rights if a dispute arises.

Renter Responsibilities
Typically renters have the responsibility of maintaining their apartment and the surrounding area. This may include the interior of the apartment as well as deck or patio space. However, maintenance of these areas applies to generally cleanliness only and not issues such as painting or repairs to the exterior or the interior of the apartment structure or the appliances within the apartment.

Additionally, renters are responsible for small repairs in their home. This may include plunging a clogged toilet or changing a light bulb. However, if there are any duties a renter feels uncomfortable performing such as changing a light bulb in a high location, the renter should contact the maintenance staff for assistance.

Renters also have a responsibility to show common courtesy to other renters by not intentionally damaging or otherwise marring public areas. This includes vandalism, littering and even failure to pick up after dogs. Renters who fail to follow these rules of common courtesy may be subject to fines or other penalties according to the rental agreement.

Leasing Agent Responsibilities
The leasing agent and maintenance staff are generally held responsible for major items such as repairs to the exterior of the building, fixing appliances which are malfunctioning and dealing with plumbing issues such as leaky pipes. Additionally, the maintenance staff is responsible for intervening if the renter is having trouble with public utilities. Problem such as no hot water or heat to the apartment should be addressed by the maintenance staff in conjunction with the public utilities entity.

The leasing agent and maintenance staff is also responsible for maintaining the common areas. This may include keeping grassy areas manicured and other common areas looking clean and attractive.

When the Leasing Agent is Not Taking Responsibility
As previously discussed, the leasing agent has certain responsibilities to perform tasks and address concerns and complaints by the renters. However, when the leasing agent is not fulfilling these responsibilities it could create a harmful living environment for the renter. For example hot water is required to adequately clean dishes. This is why there should always be hot water to the apartment. Additionally, in severely cold weather the inability to heat the apartment due to faulty utilities or windows which are not properly sealed can create a hazardous condition for the renter.

Both of the examples mentioned above are situations in which the renter may put in a hazardous condition by the leasing agent’s negligence. In these situations the renter should contact the Department of Housing to determine the proper cause of action to take in this situation.

In some cases the renter may be informed the alleged transgression by the leasing agent is not actually his responsibility. However, in other situations the renter may be informed that the actions of the leasing agent are a serious violation of the rental agreement. In either case, the representative can provide information on how to proceed to achieve the desired results.

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Real Estate – How To Maintain Your Home Once You Buy It

When you buy home, maintenance becomes a very important issue. We have some of the tips to offer so that you can maintain your house in the best possible way.

The locking system of your home should be reliable. Do not forget to install new locks and make sure they are of good quality. Make sure you have kept an extra bunch of keys safely in case you forget the keys.

Buy accessories for your kitchen that can avoid fire. You must crosscheck batteries in your smoke detector.

Make sure you get all the maintenance work done if there is any. The rain gutters should be in perfect state to drain water away.

For safety purpose, do not forget to install fire alarm, smoke detectors etc to avoid any damage in the worst situations. You can install carbon monoxide detector also.

Keep your medicines and poison out of reach of your children.

You must have at least one week food in home in case you are living in an area which is earthquake prone. Take care of your gas stove, chimneys, and heaters.

Make sure that you have all the necessary house related documents in a file. You should take care of these documents nicely.

Last, but not the least, you should know the people living around you.

Know your neighbors.

Whenever you get time, go and visit your neighbors. The more friendly you remain with your neighbors, the better will be your life. Your neighbors can be helpful for your home security aspects. They can take care of you in several situations. So try to make healthy relations with your neighbor.

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Start A Home Business For Tax Purposes

If you use a part of your home for business, you may qualify to deduct costs related to your home office, including rent, heat, electric, telephone, insurance, utilities, maintenance, repairs and so-on.

There are many tax-saving benefits available to those who operate their own small business in addition to their normal job or employment. First, you have the home-office deduction which can be used to deduct up to 20% of the cost of running your home. The amount depends on how much space you are using for your home office.

Secondly, you will become eligible to deduct a portion of many of the things you’re already paying for such as your computer, your ink cartridges, your printer paper, and any computer related books or business-related classes you may be taking. If you’re using your computer as part of your home-based business, then a portion of that is considered a business-related expense.

Most expenses related to running a business are tax deductible

Having said that, let’s take a look at just a few of the more common home business tax deductions. You will be able to deduct most if not all common business-related deductions. Things like start-up costs, equipment purchases, payment for services, supplies, advertising, and other monthly fees like website hosting.

Basic Rules for a Business Deduction

Any expense that meets the IRS’s basic rules (ordinary, necessary and reasonable) can be taken. A necessary and reasonable expense according to the IRS is one that is appropriate and helpful in developing and maintaining your trade or business

With all the tax benefits offered by Uncle Sam, wouldn’t you agree that having a tax-saving, moneymaking, at home business, is worth taking a second look at.

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Divorce And Retain Family Wealth

Firstly, I do not like the term \”broken family\”. I think divorce is always horrible in one way or another, though often necessary. However, the \”inevitable\” results of divorce can be reinvented. ANY wealth accumulated, even in the worst of marriages, should not go down the drain because a couple cannot stay together.

I\’ve been divorced myself and I know the agony, the depression and the despair. I know the urge to get away from, cut all ties with someone, and create as much distance as is manageable. But if you own a home as a couple, please do anything necessary to take time and think before you go the traditional route – selling, often just to pay your attorneys.

The reason I\’m writing this article is because in the past few years I\’ve learned a lot about investment – especially in real estate. I think that it is the best investment to make, unless you are particularly in tune with stock picks.

Unlike the many infomercials that give ideas on buying a home, this article deals with KEEPING your home, married or not. I know it is possible for a couple, even when divorced, can attain a degree of financial freedom, years afterwards.

Many families have a major investment – their home. It seems it is typical in a divorce to sell the family home and split the funds realized from the sale. Many couples have pensions, and other investment plans to either liquidate or allow to mature for future sharing. I am less familiar with those.

Focusing on the family home, I recommend the following.

DON\”\’T SELL!

Firstly, if it is possible, find an experienced paralegal who can explain all your state laws about divorce, marital settlements, et al, and then DON\’T RUSH! If a family must divide quickly, and one spouse leaves the home, just be patient. Make an honest attempt to back up from the stress and emotions, just for a little while. A good paralegal will do your whole divorce, marital settlement, and parenting plans for a tenth of the price of an attorney. Don\’t get SCARED. The law determines how everything will go, despite the variation on long and winding roads needed in getting there. Of course, some couples will have details that will require an attorney, and that is for each to decide.

But, back to the home…..look around and find a property management company with a good reputation in your area. Plan for the remaining family members to move out. Rent the home! Depending on where you live, that property will appreciate. Paying the property management company to rent, and manage the tenancies will relieve you of that stress. The divorce can proceed.

Why do I recommend this? Because your home will appreciate over the years. Why sell? If you can cover the mortgage, the taxes and the insurance with tenants, why sell? Perhaps at some point, whether it be lower interest rates or enough appreciation, you can re-finance and split that profit with your former spouse. It could pay for another home or college tuition, or anything in a family\’s special needs. It could pay for any outstanding child support. It could pay for one or both spouses to go back to school. It is a SOURCE OF WEALTH.

A marriage is a legal contract. Just because you want to end it doesn\’t mean you and your spouse cannot have a DIFFERENT legal contract, as co-owners of your property. If you cannot talk to your ex, get a third party to be a middle man. You can have a trust between you, with a trustee. There is always a way!

I had my divorce, custody care and marital settlement done for $1250 by a paralegal. If a home had been involved, it\’s fate would have been part of the marital settlement. There would have been some additional expenses for a trust, or some other contract. Perhaps another $1500.00.

I do not mean to imply that anyone should not obtain legal advice about any of the above ideas. I just say: think about it. Everyone\’s situation is different.

I hope this helps.

Dianne M. Buxton is a retired ballet dancer, choreographer and teacher who was exposed to real estate investment, better late than never. Currently she is starting an internet business, and also is writing screenplays with a creative writing partner, and last but not least, raising a brilliant and interesting son.

Writen By : Dianne M. Buxton

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