{"id":28186,"date":"2022-01-19T08:17:41","date_gmt":"2022-01-19T13:17:41","guid":{"rendered":"http:\/\/www.yiddishecup.com\/blog\/?p=28186"},"modified":"2022-02-17T10:05:42","modified_gmt":"2022-02-17T15:05:42","slug":"the-10-commandments-of-property-management","status":"publish","type":"post","link":"http:\/\/www.yiddishecup.com\/blog\/2022\/01\/19\/the-10-commandments-of-property-management\/","title":{"rendered":"THE TEN COMMANDMENTS
OF PROPERTY MANAGEMENT"},"content":{"rendered":"

<\/p>\n

  • Don\u2019t rent<\/strong><\/span> to anybody for less than a year. How about six months? Nope. You’ll attract unstable — in all ways — tenants.<\/li>\n

    <\/p>\n

  • Don\u2019t go long-term on a natural gas contract. Anything can happen with natural gas prices.<\/li>\n

    <\/p>\n

  • Don\u2019t assume store tenants will do preventive maintenance. I once hired Roto-Rooter to jet a restaurant’s drain. The bill was $925. The restaurant owner didn’t reimburse me. He said, \u201cHow do you know it was my grease?\u201d Well, was it grease from the flower shop next door?<\/li>\n

    <\/p>\n

  • Roofers are gonifs<\/em>. It\u2019s hard work and you can’t easily check their work.<\/li>\n

    <\/p>\n

  • When the temperature goes below 20 degrees, everything fails: pipes, downspouts, boilers, walls, roofs, snowplow guys, concrete.<\/li>\n

    <\/p>\n

  • Miller is<\/strong><\/span> a good all-purpose name. Miller<\/em> can be Amish, African-American, Jewish, German, English, Gypsy. I once rented to Gypsy Millers. The cops wanted their license plate number but I didn\u2019t get the number fast enough. The Millers left suddenly. They had New York plates.<\/li>\n

    <\/p>\n

  • There aren\u2019t enough Elvis lovers in the trades anymore.<\/li>\n

    <\/p>\n

  • Real estate brokers wear expensive suits even though they’re not all rich. They go into boiler rooms and climb roofs. They have significant dry-cleaning bills.<\/li>\n

    <\/p>\n

  • Make sure there aren’t any Q-tips — even new ones — in the bathroom when showing vacant suites.<\/li>\n

    <\/p>\n

  • Wear a<\/strong><\/span> tie to court. The defendant usually will not. You win.<\/li>\n

    \n<\/ol>\n

    —
    \nWSJ readers, here are more real estate stories.<\/a><\/em><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

    Don\u2019t rent to anybody for less than a year. How about six months? Nope. You’ll attract unstable — in all ways — tenants. Don\u2019t go long-term on a natural gas contract. Anything can happen with natural gas prices. Don\u2019t assume store tenants will do preventive maintenance. I once hired Roto-Rooter to jet a restaurant’s drain. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-28186","post","type-post","status-publish","format-standard","hentry","category-landlord-biz"],"_links":{"self":[{"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/posts\/28186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/comments?post=28186"}],"version-history":[{"count":10,"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/posts\/28186\/revisions"}],"predecessor-version":[{"id":29573,"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/posts\/28186\/revisions\/29573"}],"wp:attachment":[{"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/media?parent=28186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/categories?post=28186"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.yiddishecup.com\/blog\/wp-json\/wp\/v2\/tags?post=28186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}