Category Archives for "Landlord"

How can you as a landlord sleep better?

Have you ever had a really stressed out or extremely busy period of time in your life that wreaks havoc in your sleep habits? This usually comes in the form of big changes in your line of work, or just a larger-than-usual workload. Or maybe you’re an entrepreneur, and you’ve been having ideas coming in and out your head for several days now, in order to expand your business in some sort of way. Maybe you’re just plain stressed due to the accumulation of several totally different factors. This type of occurrence can seriously affect your sleep habits, by making your brain work more than it should, at times that it shouldn’t be working – thus keeping you from getting a proper night’s rest, which in return can seriously affect your health.
So, even if we can offer you peace of mind in regards to your property, it’ll never be true peace for you if you can’t have a good sleep due to other reasons. Because of this, I’d like to offer you some general ideas that you could find useful in order to get your rest back.

Sometimes the only difference between a great day and a terrible day is how well you slept during the night.

1.- Know your cycles

By know your cycles I mean you need to understand your circadian rhythms and what they are. So what is your circadian rhythm?   It is normally a 24 hour rhythm in your body that involves your body changing temperature up and down.  As your body temperature is in the act of rising you will feel alert. As your body temperature is in the act of falling you will feel sleep. If you body temparature flat lines as is the case with many shift workers you will fill numb and lifeless… neither alert nor sleepy. Most of your bodies processes sync up with your circadian rhythm so when you understand what it is you can change this and thus change many processes including sleep as well as day time alertness.  Drugs and chemicals that cause you to be more or less sleepy effect your circadian rhythms however the biggest modulator of your circadian rhythm is the kinds of light you experience at different times of your 24 hour cycle.  More on that later.

A healthy circadian rhythm involves your lowest body temperature at about 9 AM in the morning. Temperature will slowly rise during the day with a slight dip in body temperature around noon and then continued rising temperature till 9 PM when it peaks. Then as temperature falls during the night you will be more sleepy with a reverse dip at midnight where you might wake up and then continued falling body temperature until 9 AM in the morning again.

2.- Shower hack!

A part of your hypothalamus controls your circadian rhythm, and other factors like levels of lightness and darkness can affect it. At the same time, your body temperature goes up and down one or two degrees during 24 hours in concordance to your cycle. Now that we know this, one way to get your rhythm back into control is by manipulating your body temperature. One very useful hack is either getting a cold shower or hot shower right before you go to sleep. This change in temperature will cause a resetting effect on your body temperature cycle (circadian rhythm) and will get it mostly back in sync with the cycle it should be following, getting you ready to sleep.

3.- Lighting control
As we said before, your cycle can be affected by light and darkness. Certain frequencies of light can seriously mess up your melatonin production. Melatonin is basically the hormone that regulates sleep and wakefulness in our body. Mainly this light will affect the body if perceived by your eyes, but also to some extent by your skin. If the production of this hormone is stopped or partially impaired, your body won’t be able to get ready for sleep. An example of these types of light frequency is blue light. As technology keeps advancing, we have surrounded ourselves with so many sources of blue light it’s ridiculous, especially during the evening.

One thing we can do to regulate the amount of blue light intake, is the use of special glasses that filter different amounts of that specific type of light. You can find these online as orange or red glasses, depending on the amount filtered, and you need to start wearing them about four hours before climbing in bed.

You can get blue light filter apps for your phone and your computer for late night use.

You can also get light bulbs that do not emit blue light.

In the morning it is helpful to get 30 minutes of unfiltered (unfiltered through a window or glass) sunlight even in the winter.   Also doing this mid day will give you a nice boost and help your productivity as well as your sleep later at night. If you can’t get outside in the morning a 1000 watt halogen trouble light with the protective glass removed will help more than coffee to get you all woken up.

4.- Easy on the caffeine!
We are all familiar with the ritual most people have in regard to drinking a cup of coffee in the morning right before they start their day. This is not bad, and it actually brings to the table a whole series of benefits like antioxidants, increased focus, warding off depression, etc. These effects are probably something you’ve heard or read before somewhere – but the thing is, caffeine consumption is something that should be monitored closely depending on the person we’re talking about.

As a rule of thumb, if you have sleep issues you should never have a cup of coffee or any other caffeinated drink after 10:00 am – 12:00 pm depending on how bad the problem is.

Caffeine has a half life of 5 hours which mean that every 4 to 5 hours you will have half the caffeine you previously had in your blood stream. So if you have any sleep issues avoid any caffeine and learn how to be alert with out it. It may be rough at first but you will feel better in the long run.

5.- Mental stimuli
An exciting movie, a  difficult argument unresloved or a nagging problem from earlier on the day?

Any of these things can add additional adrenaline into your blood stream and make it nearly impossible to sleep.

Substitute media with a time to journal, read a calming or boring book, meditate or pray.

6.- Sunlight and Walking
A couple other things you can do to help you regulate your health positively (including your sleep) is to simply go out for a walk for about 30-45 minutes per day. A moderate amount of sunlight and exercise is terrific when it comes to taking care of your body and regulating the systems in it. Remember, walking is not for wimps – it’s for smart people. It helps you think, focus, and just take a breather from whatever is going on at the moment. Try it, and you’ll notice changes like I did.

7.- Earthing
Maybe you’ve heard about this movement, maybe you haven’t. I find it pretty interesting. It basically seeks the improvement of human health through our reconnection with the planet. We’re talking about a physical and energy-based reconnection, getting in touch with the earth’s natural materials directly and “rewiring” ourselves with the planet’s natural energy flows. This movement is all about letting this planet energy to run directly into our bodies, producing all sorts of improvements in our health, by regulating certain frequencies of energy and cleansing our bodies off a whole different set of frequencies we’re constantly being bombarded by. This has also a huge impact in our sleep habits. Just google “Earthing” and you’ll find lots of useful information on the movement if you’re interested.

8.- Stress managing
Stress is one of the main causes for anxiety issues and sleep deprivation, and it comes from several different sources, but it is also one of the easier ones to control if we give ourselves the time. Along with the aforementioned 30-minute walks, we can do several different things in order to combat stress, most of these things are really small but when added up, really make a difference. Some small things you can use in order to regulate your stress levels are: weekly massages, a light and sound machine, therapeutically electromagnetic devices (special mattresses for example), music, warm compresses around your neck, moderate physical activity, or simply laughing at a joke or show. Try any combination of these that you are able to incorporate into your weekly schedule, and even if it’s just a couple times for a few minutes, it will definitely help reduce your stress and increase the quality of your sleep.

9.- Sleep apnea alternative
Many of us have suffered from sleep apnea and the negative effects this brings along with it. This is something that I was diagnosed with myself after struggling with sleep for years.  Many of us have gone through the process of incorporating a CPAP machine into our lives with the sole purpose of correcting this. It works for many people, and it’s not that good for others. From a personal standpoint I’m not too keen on prolonged CPAP machine use, since it’s an external device, practically forcing you to breathe correctly, and I think something that is manipulating your body into working well can’t be ideal in the long run (though better than long term effects of sleep deprivation).

I’d like to suggest a different alternative known as the Buteyko Breathing Technique. This is basically a form of alternative physical therapy, used to treat respiratory conditions such as asthma. This method is based on the assumption that numerous medical conditions, including asthma, are caused by chronically increased respiratory rate or hyperventilation, and it offers a series of breathing exercises, designed to gradually correct these issues, some of which have helped me personally correcti sleep apnea. In my opinion, it’s something natural and worthy to look into if you’d prefer an alternative to a CPAP machine.

10.- Don’t mess up your sleep cycles on purpose!
This last bit of information sounds kind of obvious and redundant after everything we’ve gone through in this article but hear me out.

There’s a movement related to polyphonic sleep methods; this method seeks to split your usual long sleep sessions into several smaller ones during the course of 24 hours, getting down to 3-hour sleep total in a 24 hour period. At first, I thought of this as a very interesting and worthy idea, but after trying some of these as well as finding others who also had tried them it’s rare to find anyone is able to maintain them long term and most who tried them found them to be terrible for their health and productivity.  You can find some people who barely sleep and can maintain high productivity but generally you will see these same people have some serious health issues down the line. Sleep research is pretty clear that even if you think you are getting away with less sleep, you almost always get enough reduced productivity to not make the gain in extra wake time worth it, not to mention the potential health issues that can happen due to chronic sleep deprivations.

So what rights do landlords have in Cleveland?

Usually when we think about landlord and tenant rights, we think about how the law seems a little bit skewed towards tenants over landlords. This turns out to be especially true when speaking about giving tenants the benefit of doubt, and at times even extra rights outside what is outlined in the law, by a judge in certain situations. But where exactly do landlords stand in all of this? Let’s talk a little bit about the most important rights landlords possess at the time of being in a lease agreement with a tenant.

1.- You can ask for as much as you want.

It’s important that you know what you’re entitled to as a landlord, according to the law.

As a landlord, you are entitled to ask for as much money for your property as you want. This is something completely permitted by the law, and you can go as low or high as you desire. However, it’s not wise to go way too high or way too low – we will provide you with advice in regard to this, usually leaning to asking for more at the beginning, and then work it out with the tenant from that. As well as paying mind to market feedback in order to help you decide on a good starting price. Remember you CAN ASK for as much as you want, but you CAN’T FORCE anyone to pay as much as you want. So, sometimes it boils down to negotiating in good terms.

2.-You can set your own terms for the lease agreement

When entering into a lease agreement with a tenant, you have the right to set your own terms for the use of your property AS LONG AS they don’t enter into conflict with what is stipulated by the law. It’s also really important for you not to violate any of the anti-discrimination statutes that the law stablishes (which are ever expanding in different ways from state to state). One way to avoid falling into this when evaluating for possible tenants is to keep your focus on non-subjective aspects, and making your case from them, such as credit history, when trying to filter out potential tenants that have a heavy criminal record for example. You also need to keep in mind that the type of tenants your property will bring in will definitely depend on its level of attractiveness. When helping you find a tenant, we have a very specific screening process that we follow, designed to take all of this into consideration so we can help you find the best option.

3.- You can evict tenants for non-payment of rent and sometimes non-money related situations

The law states that if a tenant does not pay rent, he/she can be subject to eviction by their landlord. It is really important to pay mind to other types of payment besides the official rent amount when considering this option. For example, utility bills can be considered as a form of rent. If tenants are obligated to pay for these according to the lease agreement, their non-payment can be used as cause for eviction. This holds up even if the lease contract has been renewed or still has a longer period of time remaining before it ends. In our case, one of our lease clauses specifically states that non-payment of utilities is considered non-payment of rent and this can be cause of eviction if neglected.

At the same time, if the tenant enters into a violation that materially affects health and safety, you must give the tenant a 30-day window of time along with a notice, to resolve this issue. After this time has passed you can file for the tenant’s eviction if the tenant has not resolved the violation, even if they have been paying rent on time.

4.- You have the right to access the property after a 24-hour notice.

As long as you provide your tenant with a 24-hour written notice, you can access the property for inspection or any other purpose that you as a landlord deem reasonable. This can be made in form of the postal service, or even e-mail. We recommend that along with the written notice, a call is placed in order to let the tenant know a notice has been sent, this way it’s impossible for them to claim to have missed reading the e-mail or the document in paper. It’s important as a landlord though, to avoid entering in any behaviour that could be considered intimidation – as this is not permitted by the law. This becomes even more important for delicate situations in which the relations with the tenant have already deteriorated for other reasons or when an eviction process has been set in place and there is tension between both parties.

You can also access the property without notice if you believe as a landlord that an emergency-type of situation exists (a gas or water leak), and proof needs to be presented in relation to this emergency, in order for it not to be a violation.

5.-  You have the right to get your property back in the state you delivered it to the tenant

This pretty much holds up for every aspect of the property EXCEPT for what we know as “ordinary wear and tear”. We will speak more thoroughly about this aspect on a different post, but it’s basically really unclearly defined by the law. In order to counter this ambiguity, we have a very detailed process in which we take photos and videos; then we present potential percentage values of responsibility for both tenant and landlord, and we keep these open for negotiation – usually starting high and leaning towards the landlord’s favor and negotiating from there while making value judgements.

Our aim is to keep this out of court, but if you do wish to take it there, it’s important to consider that if your claim as a landlord doesn’t hold up and you lose, you will end up paying double the value of the tenant’s security deposit -hence why we try to negotiate out of court and try to keep it reasonable for both parties.

6.- Other rights

Just by owning the property, you’re pretty much entitled to a whole bundle of other rights, and you transfer some of these to the tenant, when entering into a lease agreement. For example, as a landlord, you never transfer your rights to your property’s title and deed through the agreement. The only thing you transfer from yourself to the tenant is the right of access for the period to the lease. You keep this right to a certain extent, but as we mentioned before, there are limitations.

This is just one example of those additional rights, and we consider that it’s important for you to be familiar with at least the most important ones, but if you’d like to inform yourself on the details on the rest we offer you a link to the document “Tenant/Landlord Rights and Obligations”, this is a pamphlet provided by the Ohio Bar Association. The link is below.

Should My Properties Be Owned as an LLC or Corporate Entity?

Please check with your CPA and Attorney for purposes of Legal Consequences and Tax Consequences. Coming from experience all properties should be set to companies, and the main reason for people not wanting to do so is because certain mortgages. From the asset protection standpoint it adds an extra layer of protection, and inexpensive. You can login to the Secretary of States website and pay a fee, and you receive the certificate. You can give this certificate to the local title company; this ensures an extra level of insurance. Another main reason is doing this step can protect you from being targeted personally. In regards to that this is not 100% protective as there is ways to pierce the Corporate veil.

An example is if you own ten properties and someone injures themselves on one of your properties and wants to hold you personally accountable for the situation the attorney who is hired to assess the situation will research the owner of the properties. In which seeing they (you) are covered will avoid making this more of a dangerous situation.

Our experienced investment property management team can relieve you of the burden of managing your rental property while saving you some serious money! Call us today at (440) 220-7300 to see how we can help you!

Should I be a landlord in Cleveland, Ohio?

Cleveland, Ohio is a very unique market

Do you have what it takes to be a landlord? That is an important question to ask yourself before you start buying rental properties. Unfortunately, there are a lot of courses out there encouraging people with the benefits of property ownership without explaining the risks involved.

Cleveland, Ohio is a very diverse area with a lot of different zip codes, and the zip code you buy property in will make a huge difference in what your experience is as a landlord. Do you know the area you are looking at buying properties? Again, there are courses that make being an out of the area landlord sound glamorous, but you are taking a real risk buying properties in an area you’ve never seen before.

Are you a worry wart? If the answer is yes then you should not be a landlord. You probably should not be in business at all. Stick with safe investments like bonds. You won’t have the potential for large returns, but you also won’t have the risk of a total loss.

Do you have financial limitations? For many, they go into real estate with no extra income. Don’t invest all of your retirement savings into real estate. Yes, there are success stories of people who spent their last hundred dollars to get into the business and ended up millionaires, but that is not the norm, and there is a lot more to the story than what you may hear.

If you have no cash reserves, you are taking a significant risk. A single natural disaster or sewer collapse could financial destroy you. You’ll be left waiting for the insurance to pay out to make the needed repairs, or the insurance will refuse the claim, which can happen, and then you have to pay out of pocket. You MUST have cash reserve for the worst case scenario.

Often times people are blinded by the potential and fail to see the risk. You need to have an investment mindset, which means you think long-term. Can you do that?

Can you put 20% “true” equity down on a property. Housing prices are not always what they seem and properties do not always follow national trends. I’ve seen landlords try to sell a house “as is” because they are mad about damage made by a tenant. What they don’t realize is that $5,000 worth of damage can drop the value of the home $50,000. This may not sound fair and it may not be fair, but it is the reality of the situation. If buyers have to put work into the home, they are going to want it for well below market value.

You need to understand the Cleveland market and know what you are getting into. Otherwise, do not invest in Cleveland and don’t be a landlord.

Our experienced investment property management team can relieve you of the burden of managing your rental property while saving you some serious money! Call us today at (440) 220-7300 to see how we can help you!

 

How OUR systems and expertise can help the CLEVELAND, OH Landlord.

Systems

Our Systems at Work

We want nothing more than for you to feel secure in your investment. We differentiate ourselves not only through our computer systems but also by educating ourselves as part of out T.E.E. system. Each month we meet and discuss how we can improve our systems with the following:

1.) Reducing delays or waste.
2.) Employing sound scatter-site management
3.) Providing you peace of mind.

Do you have more questions or concerns? Please call us and let us know how we are doing at 440-220-7300

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