Quotes of the Day

Generally speaking, when more than 10 percent of the unit owners become insolvent, unable to carry monthly mortgage payments, and their mortgage holders sell such units at fair sale prices, the overall value of all the units in the complex diminishes. [2013] - Dan S. Barnabic

Rinse canned foods that contain sodium. To flavor your food, substitute salt with herbs, spices, lemon, lime, vinegar, white or red wine. Avoid condiments that are high in salt, e.g. soy sauce, teriyaki sauce and anything that contains MSG (monosodium glutamate). Avoid salted butter and sauces/dressings which are high in salt. Eating foods that are high in potassium, such as bananas, beans, dark leafy greens, potatoes, squash, yogurt, fish, mushrooms and avocadoes, can help you balance out some of the harmful effects that sodium has on your blood pressure. [2016] - Eva Coleman

Your landlord can evict you for not paying all or part of the rent. Your landlord must wait at least one day after the rent was due before giving you an eviction notice. If you get an eviction notice because you did not pay your rent, you have five days to pay. If you pay all the rent within five days, the notice is canceled. If you don't pay the rent within five days, you must move out at the end of the 10 days from when you received the eviction notice. [2015] - Kris Anderson

I see lots of articles in financial papers about what people pay in management fees on their investments. But that is often a minor issue compared to what they needlessly pay in taxes. Let me repeat: tax-efficient delivery of the net cash flow you need is a true form of asset preservation. [2019] - Daryl Diamond

Find a firm that specializes in managing residential properties. A good place to start your search is with your local telephone directory. You can usually find management companies that provide all these services for a fee of 6 to 12 percent of the rents collected. You should always ask to insert a clause that gives you the right to cancel the agreement with a 30- to 60-day written notice for any reason and to cancel it immediately, without advance notice, if any of the representations in the agreement are breached. [2004] - Mike Summey