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Yahoo! News Search Results for missouri real estate license
03/09/2010 12:12 PM
Boat's owner, Missouri gaming panel strike deal.
03/07/2010 02:08 AM
Business Services for Real Estate John Cognetti of Scranton has been elected to serve a second term as chairman of the board of directors of BSRE, the for-profit subsidiary of the Pennsylvania Association of Realtors. Mr. Cognetti is president of Hinerfe
03/07/2010 02:41 AM
Joseph Berger II, a retired lumber company executive who fought in World War II and was a lifelong prankster, died Wednesday (March 3, 2010) of heart and kidney disease at Springbridge Rehab and Wellness Center in Chesterfield. He was 85 and lived in Westwood and Naples, Fla.
03/06/2010 09:02 AM
HOLLISTER — Walgreens could soon be selling alcohol to its customers after the Hollister Board of Aldermen approved a package liquor license for the store Thursday evening.

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02/24/2010 12:10 PM

River City Casino gets green light
St. Louis Post-Dispatch (blog)
PS Are you on Twitter? We are. Keep up with the latest in St. Louis-area real estate and development news by following here.
Riverview Casino critics to protest Missouri Gaming CommissionMSN Money

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03/06/2010 11:45 PM

St. Louis Post-Dispatch

Joseph Berger died, retired business executive
St. Louis Post-Dispatch
After the company was sold in 1969, he joined Solon Gershman Inc. real estate as a vice president. When his brother got married, Mr. Berger convinced a ...

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03/05/2010 06:49 AM

Trio Charged with Fraud for Real Estate Scheme
The Street Sweeper
Because Silex itself never owned any real estate assets, the SEC says, the defendants wound up using investor funds for other business ventures instead. ...

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03/02/2010 09:30 AM

State court sides with Pinnacle in dispute over President Casino's hull
St. Louis Post-Dispatch (blog)
PS Are you on Twitter? We are. Keep up with the latest in St. Louis-area real estate and development news by following here.

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By: Art Ikel
date published: Oct 10, 2007
email  Art This article is free to re-use and publish if left in it's origional form with all content and links in tact.

    50% commission
    No Evictions for 5 years
    No flooded basements
    No large pets
    Rents paid on time
    Owners with enough money to make repairs
    No major property repairs
    No Late RENTS

Reality bites!

Wake up!!


Being a property manager is not a relaxing job. If you don't mind a challenge every now and then, like almost everyday, then you could be a good manager.
Taking care of other peoples property can be a headache. Especially if the property is not in a great part of town or it is in bad condition.
Renters are looking for a real bargain and a easy going landlord. Everyone will take advantage of the situation if given the chance. Low rent properties are a prime target for gypsy renters. People that stay until the pressure gets to much to sidestep.
Some gypsy renters will pay first and last months rent, move in, then stay until the utilities get turned off and still make the manager take them to court.
Hey! Free rent is FREE rent!

Managers have a tough job. They want to make money for their owners and at the same time help renters by providing a well kept place to stay. All the time they are trying to make money for themselves.
You can have several different types of managers.
A Passive manager is easy going and lets the renters do mostly what they want as long as they pay the rent MOST of the time. In this case the renters usually take advantage and don't take care of the property. These renters will destroy walls, appliances, and floors. They have a tendency to not complain and when they move out, the property is trashed! This is good for the manager because the property stays rented and commissions keep coming in. The owner looses when the renter moves out. Prep and repairs may total one or two months rent and take 2 to 3 weeks to complete.
It is very difficult to monitor a renter. Most managers feel that it is an invasion of privacy to pop in and inspect the condition of the property. Even if they do, what are they gonna say. If they evict the tenant by way of court, this takes time and money. Because of tenant rights laws, this can take up to 6 weeks or more plus all the hassles. Meanwhile the tenant is upset and won't pay rent and trashes the property more or moves out in the middle of the night. If the manager leaves them alone, the renter may pay the rent and the manager has money to give the owner plus the management commission. Everybody wins!
A more aggressive manager would do a background check. Even this doesn't always help. The last landlord or manager may be afraid to disclose information because of privacy issues or just because they are glad to just get rid of the renter. Even employers don't give out much information anymore. About all you can count on from them is that the renter works there or did work there. This is very little information to go on. Unfortunately this puts the manager in a position where an opinion of the person(s) wishing to rent has to be made. Using past experience and assessing the current situation as to take a chance or not puts the manager under pressure. Keeping cash flow on the property is high priority but keeping the property in livable condition is also a consideration.
Experienced managers can make a judgment call. If the prospective renters seem polite, well educated, dress well and have a job that requires some knowledge of sorts, they are a good candidate. The probabilities of no hassles and a good lease experience are higher than someone with no car and bags groceries at a local supermarket and has two kids.
As a general rule, managers try to provide a service as best they can. Most are honest and work to keep the property owners and the renters happy. They are a special type of person that no-one seems to give credit to. If you are a manager or owner/manager, MORE POWER TO YOU! You deserve everything you get....