Winter and freezing temperatures are forecast to roar back into Northeast Ohio in the next 24 hours or so, but there is still time to get out and complete a few simple tasks to help protect your property. You may also discover additional items that need improvements for next year and beyond. We all know…

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Keeping your apartment building occupied is paramount to profitability, but don’t be negligent in your application and screening process. The Department of Housing and Urban Development (HUD) has created regulations that define classes of people who can’t be discriminated against in the rental process. (read more) As a landlord, you may not discriminate in renting…

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Investment property can serve as an income source and asset builder. Your resources, experience, goals, and tolerance for risk are deciding factors in the type and scale of investment you might make. Financial commitment is a given. Whatever money you put in to the investment is at risk. Be aware you can lose it all…

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Repairing or replacing your roof can be expensive. Spending a few minutes every six months looking closely at your roof can help you identify roof maintenance opportunities that will help prevent costly repairs later. It is also important to periodically check your homeowners insurance to make sure that serious roof damage is covered by your…

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One drip of water per second wastes 1,661 gallons of water per year according to the Department of Energy. Building owners need to develop strategies to keep consumption and heating costs down. While parts of Northeast Ohio are seeing rents increase, others are seeing decreases. What can a building owner or manager do to improve…

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Gino is buying a 14-unit apartment building that is structurally solid, but needs both maintenance and repair work. Three days ago Gino and Toby entered into a purchase contract in the amount of $300,000. Along with signing the purchase contract, Gino also put a $20,000. deposit down on the apartment building. Toby, the current owner…

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New Code requires Carbon Monoxide Detectors in certain Ohio buildings Be aware of what? A huge liability exposure for you as the owner of residential rental properties and apartments in Greater Cleveland. Be aware of carbon monoxide – the odorless, colorless gas that is produced any time fossil fuel is burned. Gas ranges, ovens, furnaces…

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How often do you get to your office go through the rear entrance and not even notice the condition of the parking lot your customers and guests see or not notice gradual deterioration of an item? Having a simple checklist can help. How often do you get to your office go through the rear entrance…

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Dealing with property claims is always a concern for you, the property business owner. Do you have enough insurance coverage for the loss? What if the loss is caused by a defective appliance such as a refrigerator, stove, electrical cord, and/or a water supply line? Suppose you are a landlord, and the property loss is…

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During a heatwave, many systems are being worked to their limit. This heavy workload could cause a mechanical breakdown. Insurance for mechanical breakdowns/equipment breakdown can be purchased as a separate policy or as an endorsement to your commercial insurance policy, Equipment Breakdown: A standard policy will cover the following types of equipment. Electrical systems-Including electric…

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