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CODE OF STANDS FOR PROPERTY MANAGERS
18 April 2018 | 4 replies
.§3-3 Should the Property Manager have a disclosed relationship with a property owner, the Property Manager shall review and verify all Tenant applications to determine the applicant’s ability to pay rental fees and to assess the likelihood that the applicant will comply with all provisions of the rental agreement.§3-4 The Property Manager shall accept no commissions, rebates, profits, discounts, or any other benefit which has not been fully disclosed to and approved by the Client.§3-5 The Property Manager shall not mislead a potential Client about the rental market value of a property in an attempt to secure a rental listing.§3-6 The Property Manager shall disclose to his or her Client all pertinent facts relating to any transaction.Article 4: OBLIGATIONS TO TENANTSThe Property Manager shall treat all Tenants honestly and professionally when they are applying for, living in, and/or vacating a managed residence, including through the deposit refund process.STANDARDS OF PROFESSIONALISM§4-1 The Property Manager shall offer all prospective Tenants a written application.§4-2 The Property Manager shall provide all Tenants with a copy of the signed rental agreement and extensions with all addendums attached.§4-3 The Property Manager shall make all disclosures as required by state and local laws and provide the Tenant an opportunity to complete a written condition report within 7 days of moving in.§4-4 The Property Manager shall respond promptly to requests for repairs.§4-5 The Property Manager shall provide a written deposit refund determination to the Tenant within the time prescribed by law after the Tenant has vacated a property.
Benjamin Cowles
How many letters does your 1 employee DM dept. push out per hour?
18 April 2018 | 0 replies
I just hired a lady that I'm concerned about her ability to just learn new things regardless of her current lacking computer skills so I'm thinking of either paying less to train or by the piece mailed.
Matthew Ware
AHP Note Buyer's Boot Camp Take Away
3 May 2018 | 18 replies
I've heard so many horror stories about exiting the note through foreclosure that maybe I am over estimating the down side, and since I don't yet have a network in place, I don't have the ability to even ballpark foreclosure costs.
Colten Thiel
HML plus conventional financing?
2 May 2018 | 15 replies
So, if you're buying profitable rentals every purchase helps your DTI and improves your ability to buy more.
Julie Marquez
How Much Money Do You Have?
9 May 2018 | 21 replies
At the application phase if they get to see the place and I remembered to bring one, we'll discuss ability to pay.
Sarah Lam
ABC Capital/Philly Invest Review - Terrible Experience
5 September 2019 | 57 replies
In February this year received a water bill from Philadelphia Water Bureau, got hit will a bill of $2,100.
Jim Stallings
HR 1360 The Seller Finance Enhancement Act
12 May 2018 | 1 reply
Seller financiers must still comply with “ability-to-pay” portions of Dodd-Frank, as well as interest rate rules and the ban on balloon payments.This will be a considerable accomplishment when it passes!
Sepid Pooy
Tenant rights when landlord want to sell ?
21 May 2018 | 6 replies
I think you have a strong ability to enforce.
Aladdin M.
Florida BOA REO Auction Property found to be CONDEMNED!
20 June 2018 | 16 replies
There wasn't any ability to inspect prior to bidding.
Michelle Felux
Service Call Reimbursement from Tenant on HVAC Filter Clog
24 May 2018 | 15 replies
Her lease states that she should be changing the filters monthly and, in a subsequent section, that she would be liable to reimburse us promptly for damages... and service required by violating her lease rules.I feel we are within our rights to request a $75 reimbursement for the service call and have this drafted:Dear [tenant's name]:Per your lease agreement, we are enclosing a bill for $75.00 and a copy of the HVAC technician’s findings and the diagnostic call receipt for services required for a “severely clogged air filter blocking the air flow causing the AC system to freeze up”.Per your lease agreement, section 19B, you must replace air-conditioning filters monthly, which would have prevented the clogged air filter issue.