Time for the Holidays

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Winter is upon us here in Southern California. It’s COLD and WET outside (yes it’s only in the low 50’s and you still have to water and mow your lawns), but for those of us accustomed to perpetual summer, it’s downright Arctic. And that means it is Holiday Time.

As you and your residents prepare to celebrate the Holidays, do not forget to maintain your investment (your properties) and to thank your residents. After all, without your residents, you would not be in business. Send your residents a Happy Holiday letter thanking them for choosing your property as their home. You can remind them about all the repairs or renovations you have made to the property to make life better for them this past year and about things you plan on doing this next year.

It’s also a great time to remind your residents about the danger of fires from Christmas trees, holiday lights, and candles. If you have House Rule policies about decorating, remind them of those. With all the extra Holiday meal preparations, remind them about the proper use of their garbage disposals. And with presents and gifts in the home, remind them to be extra vigilant about security and safety. To paraphrase R. H. Macy in Miracle on 34th Street, “We will be known as the Helpful landlord, the Friendly landlord. And as a result we will make even more money than before.”

It is the end of the year, and there are a number of new laws affecting rental properties that take effect after the first of the year. You need to prepare for them now. In this issue of your magazine, there are a number of very good and timely articles. Please be sure to read attorney Michael Brennan’s article about the new laws for 2014. We also have an in-depth book review written by our Board Member Leonardo Wilborn for your consideration. With the Affordable Care Act starting, watch for an upcoming article about it written by Kirk Davey, CPA.

Just a reminder, all our current and past Apartment Journal magazines can also be accessed on-line through our website at: www.apt-assoc.com

On behalf of your Board of Directors, I want to wish you, your families, and all your residents a very Happy Holiday Season and a Joyous and Prosperous New Year.

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