appliances

June 9, 2015

The Cost of Your New Water Heater will make your blood boil.

Landlords and Home Owners–get ready to open your wallet deeper. All water heaters available for purchase after April 16, 2015 will be taller and wider than prior models in order to achieve the required efficiency ratings ordered by The Department of Energy (DOE) back in 2010.  The law is just now in effect. Most manufacturers report that the retail price will increase 25%. But that’s not the only cost you could be incurring.  The new sizes of the tanks will make replacement a logistical challenge in tight spaces.  It may require reframing a utility room, doors, and HVAC run changes. So be prepared for the new costs and inconveniences, swallow hard, and realize there is not a dag nabbit thing you can do except stomp your feet and pay up. Dan Baldini is the Founder of Polaris Real Estate & Polaris Property Management, LLC and is also an Adjunct Professor in the College of Business Finance Department […]
April 26, 2016

The importance of Tenant keeping Utilities on….

If you’ve noticed a common thread to my posts, it is the critical nature of setting proper expectations for ALL PARTIES in a lease transaction.  In other words, it’s critical for the Tenant to know what is expected of them just as it is for the Landlord to know their role. Today’s article is about the need to properly and repeatedly communicate with Tenants about utilities.  And keeping them turned on! Now, most leases will have clauses in them about who pays for the utilities–Tenant or Landlord–and that is good to have this clarity.  Where I see the expectation “break down” between Tenant and Landlord or Tenant and Property Manager is this:  What about the time period when a Tenant voluntarily moves out of the home before the end of the lease and they turn off the utilities thinking they’ll save money? Case in Point:  The picture of this once-beautiful […]
December 17, 2016

Murphy’s 12 Laws of Landlording

Murphy was an optimist….so the joke goes…see how many of these 12 strikes a funny cord with you and go ahead and laugh.  Then learn the lesson.     (ADA moment:  Ever wonder who in the heck Murphy was and why he is famous?  Here’s the backstory: http://www.murphys-laws.com/murphy/murphy-true.html)   The time when the weather outside is -25 degrees Fahrenheit is when your Tenant calls to tell you their furnace just stopped working. The time when the weather outside is 102 degrees Fahrenheit is when, yep you guessed it, when your Tenant calls to tell you their Air Conditioning just stopped working. Contractors don’t always play nice. Tenants don’t always play nice. Government officials don’t always play nice.  (Some experienced would make the pointed argument they NEVER play nice….) Just when you think you remembered everything to do is when that one critical thing slips past you. Checks bounce when you […]