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What do Property Managers do?

Property Managers provide the necessary tools to build, repair, and maintain a residential or commercial unit for rent. One of the most important aspects is providing a liaison between the owner and tenant.  Other faucets include  managing the accounts and finances of the real estate properties, and participating in or initiating litigation with tenants, contractors and insurance agencies.

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Lead Based Paint: New Regulations

Effective April 30th 2010 contractors and property owners/managers that do not follow the revised Lead Based Paint regulations during renovation could be fined up to $32,500 per day!

Are you familiar with the new regulations? Here is a basic run down of a few crucial points you should be aware of when dealing with renovation.

• Housing built in 1978 or later are excluded.
• Renovators must be trained and certified by an accredited EPA program.
•  Minor repairs (6 sq. ft. or less inside or 20 sq. ft. or less outside) are exempt.
• Informational pamphlets need to be distributed before renovation.
• Informational signs need to be posted describing the renovation and include the dates.
• Failure to follow the regulations will lead to fines of up to $32,500 per day.

Click here to read the entire EPA’s Lead Based Paint Renovation, Repair, and Painting Program.