Property Management

if you were financially damaged by the breach, you can sue, but if you were not- just report the person to the local real estate commission (to potentially affect their license) and bbb (though they don't do much).

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That is correct. The landlord is responsible for the mortgage payment as the investment property is ultimately his (name on the deed).

And I also agree with the advice given below. A competent and successful property manager will get vacancies filled. In a slow market, it's natural for a home to sit vacant for a few weeks, but the property manager should be doing everything in his/her power to get that home rented - including aggressive marketing.

the landlord of course, but the landlord may need to start looking for a more reliable property management company.

Dont know now but till few years Front Office POS was Fidelio and in Restaurants was Shawman I am with Taj group of Hotels and they use Fidelio as PMS, i am not sure about other areas.

A Property Management System is used on the property level (i.e. Check-In, Billing, Wake-Up Calls & Messages, Reservations, Etc.) and will link with a CRS. A Central Reservation System acts as the link providing inventory to the GDS (Global Distribution System) and sending reservations to the hotel. A CRS is only required if you have more than 1 Hotel in your chain/group. If you only have one independent hotel...there are various psedo CRS solutions...that give you the power of a CRS without actually having your own system. (Many times a solution like this includes a consolidated or shared CRS system with other independent hotels.)

Depends on various factors, but it usually relates to the amount of units managed and market. A great source will be Glassdoor.com.

Unfortunately the credit card issuer will not be concerned with the personal circumstances of the financial loss of the account holder. The best option would be to contact the creditor by phone to see if they have recourse for such situations and if so what the procedure is, rather than using written correspondence and/or sending any documentation concerning the matter.

There are three things to keep in mind when marketing your business plan: 1. Know your audience. You are targeting investors, not donors. They want to know how much money they can make by investing in your idea, and how soon they'll start seeing it. 2. Sell your business, not your concept. Prove you know what you're talking about. Emphasize cash flows (to prove survivability), profit margins, and generally anything related to return on investment (ROI). 3. Keep it short. Investors do not want to read a seventy-page business plan. In fact, most of them receive a lot of proposals, so they just won't have the time. Thus, your plan should have two parts: the executive summary, which should be no longer than one page and boils down the important stuff (ROI!), and the rest of your plan, which 99.44% of investors won't read until they decide to invest. In summary: Your executive summary is how you market your plan. Keep it short and succinct. Make it interesting, and, above all, emphasize your ROI to show investors that you have THEIR best interest in mind. Can you accomplish the goals that you have described in your business plan? You can? Terrific! That means you have a boatload of experience and are highly qualified, because you have operated this type of business before. Maybe, maybe not... Well, is your management team qualified or does someone on the team fill in those 'gaps'? They better. While I agree with all the points made above by PencilSharp (who is indeed very sharp!), there is one area that was not touched upon and that is management. In essence, you are marketing or selling yourself to investors. Sure, they are interested in your concept and they are even more interested in ROI (the what's in it for me syndrome), but neither of those are important if they don't think that you can deliver. Make sure you know what you are doing before meeting with potential investors and certainly make sure that you are qualified or that you have people on board who are. It's highly unlikely that Mr. Venture Smith-Capital will toss a million bucks your way because he likes your tie, unless of course you are an up-and-coming fasion designer who specializes in high-end neckwear. Be ready to explain why you are the right person for this business. And good luck!

Unless the repoman is dumb as a duck, he WONT try to repo a car that is not authorized by the leinholder. IF management lets him in the garage, then he can go get it.Sometimes management will go ahead and let us in to get us out of the way.

If the managment opens the doors yes the repo people can remove the vehichle The repo person can not open the door. the repo person has been told to recover the vehichle per the lien holder or they would not be there. I find that most lien holders would rather work something out to get account up to date then repo the car. The lien holder makes more money if they can get payment before repo.What I do not understand is why people hide the car , what good is the car if you can't drive it without looking over your shoulder wondering when they repo agent will show up and take the car so what good is a car you cant take out of the garage or drive?

DISADVANTAGES

Guest

1. If there is a power failure while making a reservation, all the information has to be given again

2. If there is a power cut while there is a check-in or check-out, the guest need to wait for full server start up, hich make him irate

Staff

1. If one staff mistypes the information than the guest might get irate

2. If there is a power failure, while making a reservation than the staff must redo the whole reservation than the staff must redo the whole reservation

3. When night auditing is being done all other user's must be logged off

4. If there is a virus attack the stored information can be corrupt and thewrong information may be given to the guest which might make him irate

Hotel

1. All the staff needs to be trained on the software

2. The software needs to be renewed each year

3. High risk of virus attack as the systems are connected to the internet most of the time

4. If there is a virus attack the stored information might get corrupt

5. If there is a power failure, the hotel runs a high risk of loosing all the stored information

6. If night auditing is missed one day there might be a a havoc the next day.

7. Most cities / countries do not have local support. Support is possible via online only and sometimes it takes time.

A Property Management System (PMS) can be any of a number of database software systems that are used to track employee and guest actions in a hotel. Typical functions of a PMS are Reservations Booking, Guest Accounting, Housekeeping and Group Block Management. In some systems these core functions may be augmented with Revenue Management and Function Space Management.

PMS system's have all the advantages of any centralized management system, namely, immediate and accurate access to information concerning hotel activity.

No; If you paint it well the first time you should only have to paint it every 10 years According to me, it's not necessary to paint the House every year. There are many types of good quality paint which should last atleast for a minimum of 5 years or so. In case of dampening and flaking due to bad weather conditions, painting every year may be essential. kuttappa@airtelmail.in

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Names of commercial property management companies include CPM Real Estate Services and All Property Management. You can get more information about these companies and the services they offer online at their respective websites.

If they asked you on the application, and you lied, then, yes, technically, that is a lease violation that gives the landlord the right to terminate the lease. But, you make a very good point - why would they bother at this point? Sometimes, big management companies have hardline policies because they don't want word to get out that they're soft.

Evicting you would be a pain, and not really worth it. They might be smart to write you a letter saying that they will not be renewing the lease when it's up.

Tenancy law is different in different countries but the "property management company taking over" part is neither here nor there. For the UK, if you do not have a rental agreement in place then as a tenant you are (strangely) very well protected by the law from eviction and the landlord has very few rights at all. However, a good management company will come and meet with you and ask you to sign an appropriate tenancy agreement, which will be better for everyone in the long term.

There are several state laws that govern property management in California. Apparently, a real estate license is required there in order to manage property.

You can inquire at your local city hall to discover the licenses required by your property manager, in your particular situation.

Otherwise, there is no 'manager' of property managers at the state level in California.

No, you do not need a real estate license or a broker's license to act as a property manager for a friend in California as long as the friend does not require that licensing. You can have a written or verbal agreement to perform those services.

Following are the role of estate surveyor in property management and they are Act as Educators and instructors, Land dispute arbitrators and Employers of labour.

It is a good time to buy now as prices are depressingly low. Offers at well below valuation are being accepted. Remember the taxes in addition to purchase price