Q: I am a landlord and my tenant normally pays me the rent in person. A person I have never met is trying to pay the rent on behalf of my tenant. The check has the name of the third party on it and I do not want to create a tenancy with this new…
Betty Friant: So, Dwight. Thanks for taking the time to go over a critical part of the 1031 Exchange process. Why is Mid-October such an important date in the 1031 exchange world? Dwight Kay: The IRS rules that govern 1031 Exchanges give us two dates to consider when doing a tax deferred 1031 exchange. One part…
Property managers are in the business of eliminating stress and headaches for property owners. Since nothing can complicate the life of a property owner quite like an irresponsible or malicious tenant, tenant selection is of the utmost importance in this industry, and it’s something I’ve devoted a great deal of time to refining.
Two landlords who own 17 buildings have been fined $2.25 million in penalties and investigation costs after unlawfully renting out 14 apartments on Airbnb, according to a release.
Here are some tips for conducting applicant screening in a way that complies with Fair Housing law and makes all people feel welcome in your community. They will help you avoid screening pitfalls.
Requiring a Tenant to Perform Certain Maintenance Many times, a landlord will require a tenant to perform gardening or pool service, as a condition of their tenancy. In some cases, a rent credit is afforded to compensate the tenant.
Many property management reports focus on occupancy. Every week, how many move-ins will you have? What do you have as preleases? The number of lease renewals is equally important.
If you are reading this article, you almost certainly know about the Tenant Protection Act of 2019 (Assembly Bill No. 1482), the state-wide rent control law, and you probably have carefully considered how this law affects you and your properties. You may not yet have fully thought through, however, how this law might affect your…
You’re about to discover the 10 commandments of property management.
When the Air Force assigned Lyndsey and Sharon Ballinger to Washington, D.C.in 2015, the Ballingers kept their Oakland, California, house and rented it out on a month-to-month lease so they could move back.