CINCINNATI, OH (FOX19) - Metro is getting ready to debut a new FUN route in Cincinnati this fall. Route One for FUN is a new fleet of 30 foot, hybrid buses being rolled out by Metro. The new FUN buses are scheduled to hit the streets in mid-October. Funding for the buses was payed for with stimulus dollars.
The FUN route stops at more than 40 arts/entertainment venues in the city. Buses will run every 30 minutes, seven days a week.
Arts locations to be served include:
If you would like to learn more about the Route 1 – The One for Fun, please join Metro at an open house on September 8 in the Metro board room from 3:00 to 6:00 p.m. at Metro’s main office at 602 Main, Suite 1100.
ZINZINNATI, OH (FOX19) - The leader for the annual "World's Largest Chicken Dance" at Oktoberfest Zinzinnati has been announced.
Ultimate fighter Rich Franklin will lead the crowd on Sunday, September 19 at noon on Fountain Square.
Franking is a graduate of Harrison High School and went to U.C.
The annual Oktoberfest is Sept. 17-19, 2010.
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When processing security deposit dispositions you must keep in mind what the law allows the deposit to be used for. Damages and unpaid rent are all you may use the funds for.
Damages are the gray area when handling deposit refunds. Some items are obvious such as holes in walls, broken doors and trash hauls. Other items are not as easy such as wear and tear to counters and cabinets.
To make things worse, many liberal judges are incredibly tenant friendly allowing the tenants to recover much of their deposit money for items that historically are tenant costs: carpet cleaning after a long tenancy and broken blinds and or screens.
The best advice I can give is to document the condition of the property as well as possible before and immediately after the tenant moves in and out. Have the tenant sign an amend sheet to be turned in within a few days or a week of their move in. This amend sheet allows them to amend the landlord or manager’s move in inspection notes. If there are charges made to the deposit make sure to keep invoices documenting the work done. If and when the previous tenant disputes the charges make sure they put their dispute in writing. Use writing for all correspondence–if a phone call was made document the spoken information in a follow up letter or email.
Small claims court is time consuming and frustrating. Around here, court dates are set for either 8:30 am or 1:30 pm–those calendars do not start on time and your case will not be heard for several hours past that time. If you are adamant your charges are valid it will make the time you spend in court more tolerable. If you are on the fence about some charges–I strongly encourage you find some common ground and settle. Most property management companies do not include small claims court as part of management. Owners are sued by tenants based on charges made by the owner. Attending and testifying is often billed out on an hourly basis. This may also factor in a decision to settle with the tenant if the charges are not as clear cut. If you must go to court make sure you are well prepared and opt to bring vendors to testify on your behalf to strengthen your case when larger jobs are needed.
Our Marketing Efforts Have been a Huge Success. We have Tenant Waiting lists for Hyde Park, Mt Adams, Indian Hill, Mason and many other high end areas. We need Available Properties. Tenant lease amounts range from $1500 to $5000 per month.
Go to http://www.cincinnatimls.biz/LeaseYourProperty for more information or Contact us at 513-322-1005.
Tax credit extension passes House
The U.S. House of Representatives has just passed HR 5623, the Homebuyer Assistance and Improvement Act of 2010, by a vote of 409-5. This bill extends the deadline for closing tax credit eligible transactions from June 30, to Sept. 30, 2010.
The bill now moves to the Senate where the outcome is much less certain. NAR will continue to update us as the events move forward.
The delinquency rate for loans held in CMBS is the highest since the series began in 1997. Delinquency rates for other groups remain below levels seen in the early 1990’s, some by large margins.
“Weakness in the economy has continued to weigh on commercial properties, which in turn weighs on the mortgages they back,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Economic growth, specifically in areas of jobs and consumer spending, will be key to stabilizing the commercial property and mortgage markets going forward.”Read the rest of this entry »
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