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Optimistic Real Estate & Property Management

By Greg Paielli | Property Manager in Las Vegas, NV
  • 3 Things You Should Know About the Incandescent Light Bulb Ban

    Posted Under: Quality of Life in Las Vegas, Design & Decor in Las Vegas, Property Q&A in Las Vegas  |  January 23, 2014 2:58 PM  |  319 views  |  No comments

    3 Things You Should Know About the Incandescent Light Bulb Ban

    Have you been out shopping recently?  You may have noticed people’s shopping carts loaded with incandescent bulbs and thought, “What’s going on? Is there another Y2K coming?” People everywhere are stocking up on their favorite types of light bulbs, because they’re now becoming a thing of the past. As of a few weeks ago, the traditional 60- and 40-watt light bulbs were banned from manufacture or sale in the United States. Here are 3 things you should know about the incandescent light bulb ban.

    1.) Light the way: The light bulb ban was signed into law by President Bush in 2007 as part of the Energy Independence and Security Act, but Brazil and Venezuela started the phase-out in 2005. The law was drafted on the grounds that the bulbs were not energy efficient enough. Last year, 75- and 100-watt incandescent bulbs were phased out, and 2014 will see the elimination of the remaining bulbs. The conventional bulb’s replacements are expected to lower the environmental impact of artificial lighting and save money in the long run.

    2.) Bright idea: The incandescent bulb converts approximately 10 percent of its energy into light and has a considerably longer lifespan. Energy efficiency experts and Las Vegas Property Managers say the new-generation light bulbs can greatly benefit buyers because they last longer — up to 23 years for LED bulbs and about nine years for CFLs. The incandescent bulb alternatives cost about 10 times more than their predecessors, but CFL bulbs use about 75 percent less energy, while LEDs use about 85 percent less than incandescent bulbs according to government estimates.

    3.) You light up my life: Not crazy about the incandescent light bulb ban? Las Vegas property managers say that you needn’t despair.  If you prefer the old-fashioned light bulb to the new, notably pricier alternative, you can still purchase them as long as stores have them in stock. In fact, some businesses still have a generous supply on their bulbs and are offering discount specials. But once the bulbs are sold out, they’re gone for good.

    The newest government ban has sparked some pretty heated debates. Whether you’re in favor of the classic bulbs that have been around for decades or an advocate of the alternative, it looks like the new light bulbs are here to stay. Are you a property owner who wants to know how the new ban could affect your rental property? Call the Las Vegas Property Management Team at (800) 308-6291.

    Greg Paielli

    Simply Property Management – Paielli Realty, Inc.


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  • EPA Requirements on Refrigerants and Residential Property

    Posted Under: In My Neighborhood in Phoenix, Property Q&A in Phoenix  |  October 24, 2012 2:22 PM  |  291 views  |  No comments

    There is a concentrated effort around the world to reduce and eventually eliminate the use of ozone-depleting refrigerants. We want to make you aware that legislation now exists that could have a direct impact in the future on a heat pump or air-conditioning system in a property you may own.

    In most residential properties, HCFC (hydro chlorofluorocarbons) R-22 is the most commonly used refrigerant today and believed to contribute to global warming. The trend now is to replace a unit containing R-22 with one that has HCFC R-410A. This is one of the products reviewed and found acceptable by the EPA, the Environmental Protection Agency, under the Clean Air Act.

    To put it simply, the EPA is not allowing continued production or importing of R-22. Currently, there is a definite schedule to phase out HCFC R-22 and it is as follows, per the EPA site.

    Under the terms of the Montreal Protocol, the U.S. agreed to meet certain obligations by specific dates that will affect the residential heat pump and air-conditioning industry:

    • January 1, 2004: the Montreal Protocol required the U.S. to reduce its consumption of HCFCs by 35% below the U.S. baseline cap. As of January 1, 2003, EPA banned production and import of HCFC-141b, the most ozone-destructive HCFC. This action allowed the United States to meet its obligations under the Montreal Protocol. EPA was able to issue 100% of company baseline allowances for production and import of HCFC-22 and HCFC-142b.
    • January 1, 2010: the Montreal Protocol requires the U.S. to reduce its consumption of HCFCs by 75% below the U.S. baseline. Allowance holders may only produce or import HCFC-22 to service existing equipment. Virgin R-22 may not be used in new equipment. As a result, heating, ventilation and air-conditioning (HVAC) system manufacturers may not produce new air conditioners and heat pumps containing R-22.
    • January 1, 2015: the Montreal Protocol requires the U.S. to reduce its consumption of HCFCs by 90% below the U.S. baseline.
    • January 1, 2020: the Montreal Protocol requires the U.S. to reduce its consumption of HCFCs by 99.5% below the U.S. baseline. Refrigerant that has been recovered and recycled/reclaimed will be allowed beyond 2020 to service existing systems, but chemical manufacturers will no longer be able to produce R-22 to service existing air conditioners and heat pumps.

    Here are additional facts you should know

    • For several years, R-22 will continue to be available for servicing existing systems with R-22.
    • Over time, the cost of R-22 will increase as the amount available for use depletes - this means that the cost of repairs for units with R-22 will escalate.
    • There is no requirement for a property owner to change to a new unit with R-410A or retrofit a unit with an acceptable refrigerant by the EPA if you can have the unit repaired.
    • You cannot retrofit an old unit, using R-22, with the new R-410A because of its higher working pressures - it would require making major and very costly changes to the unit.
    • The Clean Air Act does require repairs on refrigerants be handled responsibly. This means you must use a technician who can successfully recover, recycle, and reduce leaks of R-22 into the ozone. System leaks not only damage the ozone but can also increase maintenance costs.
    • Retrofitting or repairing an old system may be wasting money when a newer system could save overall. It can often be a difficult decision to make.

    You may have already encountered problems regarding R-22 in your own personal home or investment property. If not, what do you do if you have a property with a problem regarding a unit with R-22? Depending on the problem, this can mean anything from a reasonable repair to the high cost of complete replacement. This will vary greatly depending on the unit in question. It is important to use qualified technicians and weigh repair vs. replacement carefully.

    As your management company, we know this can be a stressful situation for a property owner. If this does happen to your unit, we will assist you with estimates from qualified technicians so you are well informed and can make the best possible decision for your property. One thing we cannot do is ignore the new regulations regarding R-22. You can obtain more information on the topic of eliminating R-22 at the EPA website.

  • Giving Bad Property Managers the Boot

    Posted Under: In My Neighborhood in Phoenix, Rental Basics in Phoenix, Property Q&A in Phoenix  |  September 5, 2012 12:14 PM  |  804 views  |  No comments

    “I love overpaying for bad service,” said no one ever.  And yet hundreds of Arizona rental property owners and investors spend tons of money every month and get terrible service and results when it comes to Phoenix property management.  Whether you are looking for someone to manage your out of state home or you own an apartment community and need management help, hiring a bad property manager will ultimately end up costing you more money and time than you’ll save.  So how do you know you’ve hired a bad company? 

    Hello, are you there?

    Is there anything worse in the industry than not getting a phone call or an email returned?  When you’ve trusted your investment and money to a Mesa property manager, you have the right to expect the courtesy of returned contact.  If you find that your property manager is constantly lax at returning calls or increasingly difficult to get a hold of when you need them, then it’s time to cut them lose.  Chances are, if you’re never able to reach them, than neither can your tenant.  Time is money and if a company is not willing to take the time to return calls and address your concerns, then they certainly aren’t worth your money!

    What references?

    References are a great indication that someone can truly do what they’re claiming they can do.  It’s in your best interest to not only request references, but to actually call and follow up with the clients or properties your company has managed.  Take it a step further and visit the properties if you can to see how well they’re maintained.  Do they have good reviews with the Better Business Bureau?  You owe it to yourself to invest the time in gathering and speaking to references.  Can’t get a good recommendation?  Don’t hire them, even if they have the best price.   A bad Phoenix property manager will avoid your requests for references and if this happens, you should promptly show them the door! 

    A fool & his money are soon parted

    When shopping for a good Mesa property management company, it pays to get competitive bids from at least three other companies.  How else will you know if someone is charging way more fees and giving you way less service?  Many property owners get cheated into paying excessive costs and get very little in return.  There’s a fine line between being cheap and getting taken advantage of.   If you’re paying 15% while other companies are charging 12% and you find that you still have to fight tenant battles and pay mysterious unauthorized repair costs, it may be in your best interest to dump your property manager. 

    There’s nothing worse than paying someone to do a job and they don’t do it, because it makes you feel like you’re being cheated out of your hard earned money.  If you don’t take the time to follow your instincts and do the research, you may end up with a property management company you can’t stand!  Expect good customer service, good references, and a reasonable comparative price for services or give your bad property manager the boot! 

  • The Many Hats of Property Management

    Posted Under: Property Q&A in Phoenix, Rentals in Phoenix  |  August 16, 2012 1:01 PM  |  232 views  |  No comments

    Let’s be honest.  Nearly everyone has lived in an apartment or a home in their lifetime, but not many of us give a second thought to the often hidden Phoenix, Arizona property management company.  Many people think Arizona property managers only manage apartment rentals, but there are all types of properties in Phoenix Arizona that are managed, including homes, mobile home parks, stores, offices, industrial properties, and storage facilities.  Here are different types of Arizona property managers, and the behind the scenes work they do to make living easier for you!

    Riding the residential wave

    Residential property management companies are one of the most recognized types of Arizona property managers.  This typically includes managing single family homes, condos, and duplexes.  An established Phoenix rental management company coordinates lease contracts, collects rents, and handles maintenance issues with the imperative knowledge and customer service needed to do the job well.

    Apartment A-listers

    More than half of Phoenix property managers specialize specifically in Apartment management. From small Section 8 apartments to massive 1000+ multi-unit apartments, Arizona property managercompanies have their hands full performing all the duties required to keep the property fully occupied as well as maintained in good working condition. That includes property showings, maintaining lease reports and contracts, collecting fees, and even handling legal issues that arise.  Experience in quality control is a must when using a respected apartment property management team. 

    Vacation rental bliss

    Many homeowners with vacation homes rely solely on help from a vacation property management company.  Whether homeowners have additional  properties in Phoenix, Arizona or are just renting out their own home for seasonal purposes, a good vacation property manager advertises to help resident book more weeks.  Their duties also include providing cleaning services for the constant turnover of new tenants, daily accounting, and managing inventory for units functionally furnished with all the basic vacationer needs.

    Commercial trends

    Last but not least, Commercial Property Management companies specialize in managing varying types of retail space including hospitals, warehouses, shopping centers, business offices, and much more.  Commercial properties in Phoenix, Arizona are serviced by qualified management companies who help with the acquisition of the property and general maintenance issues associated with commercial properties.  Hiring any a company less than experienced to manage your commercial property would be a costly mistake as it takes a lot of training and expertise to manage these specialized areas.

  • The #1 Reason to Hire a Good Property Manager

    Posted Under: Property Q&A in Phoenix  |  August 7, 2010 1:25 PM  |  259 views  |  No comments

    If this economy has taught us anything it is that Cash is King. The only decision criteria for hiring a property manager should be the ability to maximize cash flow of your investment.
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