In retail, year-end holiday themes frequently address business profit margins. The ever- recurring theme is the all-important “After Thanksgiving Friday,” commonly viewed as an indicator of economic progress. The year-to-year sales comparisons validate not only the strength of the economy, but also the success of new marketing approaches to reach the customer. This year the

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Many details impact the bottom line in the operation of a rental property. In equally good or bad rental markets, the cost of property insurance, utilities and repairs will impact the cash flow. In a slow rental market, where no mistake goes unpunished, a management error may cause a premature sale or a bankruptcy. Of

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A so-called security deposit is a common feature in a real estate rental transaction. Typically, before the commencement of the lease agreement, the landlord asks for and tenants pay a deposit for excess wear and tear on a rental property.Tenants who own pets are expected to pay an additional deposit for pet damages. Upon termination

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One of the most popular methods of controlling expenses for a rental propertyinvolves the use of a so-called “maintenance deductible.” In a nutshell, a maintenance deductible requires a tenant to pay to the landlord a fixed portion of most maintenance expenses at a property.The amount of the maintenance deductible is typically defined as a whole

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Landlords undertake several important steps to create a profit in a rental property. Starting with a vacancy, the landlord must commit the necessary amount of time and financial resources to complete the make-ready maintenance, advertise the property, show it and interview the prospective tenants. After finally receiving a verbal commitment from a prospective tenant to

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The landlording business of owning and managing single family houses is supported by the cash flow generated by the rents paid by the tenants. It is no wonder that the lease clause stipulating the rent due date is the foremost clause of the multi-page lease agreement.The lease agreement also stipulates tenant penalties for late rent

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