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Finance and Legal Advice

How to Plan Your 2013 Property Budget


Submitted by admin on December 2012

Every property management business needs a well-planned budget each year. It can be tough to decide where to allocate money and exactly how much, but it’s not impossible. The following tips can help you create a responsible property budget that keeps your business in good shape.

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

Podcast: Tax Tips for Small Business Owners


Submitted by admin on December 2012

 

 

 

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

What to Do When You Have to Evict


Submitted by admin on November 2012

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

Grifos sin plomo


Submitted by admin on September 2011

Un creciente número de gobiernos estatales, como los de Vermont y California, han adoptado leyes sin plomo que exigen a los plomeros dejar de usar paulatinamente ensambles de plomería que contengan plomo. En muchas áreas de los Estados Unidos, los plomeros tienen estrictamente prohibido instalar ensambles de plomería que puedan contener plomo. A pesar de la reciente normativa y de un fuerte apoyo por parte de la Agencia de Protección del Medio Ambiente (EPA, por sus siglas en inglés), las leyes sin plomo han dejado confundidos a muchos plomeros.

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

The Lowdown Between Residential and Commercial Property Leases


Submitted by admin on September 2011

Residential vs. commercial leasesIf you are a residential property manager, venturing into the commercial sector can be a smart way to expand your options. Before doing so, however, you must familiarize yourself with commercial leases—a task that’s often not given enough attention.

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

Manage Cash Flow During High-Vacancy Periods


Submitted by admin on August 2011

For the majority of buildings, 99 percent of cash flow is derived from rents, so when the unexpected occurs, it’s time to think differently, says Greg Carbone with the Institute of Real Estate Management in Chicago.

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

5 Ways to Boost Your Customer Retention


Submitted by admin on August 2011

Running an independent Springville, Utah-based electrical company with just five full-time employees, Ken Erdmann knows his crews must distinguish themselves to earn repeat business.

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

Get Paid Faster


Submitted by admin on August 2011

Chances are, you’ve had at least one client who didn’t pay promptly for a project you worked hard on.

It’s imperative to learn how to receive prompt payment from clients. Not getting paid on time can lead to cash flow problems and can hurt your business’s operating capacity.

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

Contract Clauses to Consider


Submitted by admin on August 2011
Contracts may seem like a lot of dull legal jargon, but the truth is they are an important part of protecting you and your clients’ welfare.

“It is vital for both parties involved to be fully aware of the details of the job,” says Fergus Murphy, a carpenter and framer in New York City. “Deadlines, how to pay, what is included, etcetera. Unless it’s a private, smaller job, there is almost always a contract,” Murphy says.

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

Getting Paid on Time (Part One)


Submitted by admin on August 2011

It’s nerve-wracking to work on a job with new clients and not know whether they will pay you when your work is complete. So how can you make sure you get paid?

*Note: This content is for informational purposes only. Lowe's makes no warranties and bears no liability for use of this information. The information is not intended, and should not be construed, as legal, tax or investment advice, or a legal opinion. Always contact your legal, tax and/or financial advisors to help answer questions about your business's specific situation or needs prior to taking any action based upon this information.

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