Let’s do the math, it’s been almost 65 years since 1960 and 55 years since 1970. Buildings of that era were built to a simpler building code. More importantly, they are aging and all major components are affected. Let’s review some of the components and their challenges. Electrical Electrical systems need to be updated with…
Note to readers: The below tips are shared by landlords nationwide –please be sure to check the rental laws in your jurisdiction as they may differ from suggestions in this article. When screening applicants, one important factor to consider is STABILITY. How stable are the applicants? As one landlord put it: “Stable people don’t bounce”. One…
As a multifamily manager, you are under constant pressure to reduce operational costs, but that doesn’t mean the budget has to suffer. In fact, with just a few simple changes to the budget, you can improve the bottom line while maintaining efficiency. To do that, let’s look at five budget changes multifamily managers can make…
The once vibrant insurance landscape in Los Angeles is undergoing a major shift, leaving property owners and residents grappling with a looming crisis. As an increasing number of insurance companies withdraw from California, coverage availability and affordability have become increasingly difficult to secure. Climate Change and Catastrophic Fires The primary culprit behind this mass departure…
For property stakeholders in California, the rental market presents growing challenges. The Tenant Protection Act of 2019 (Assembly Bill 1482) and local rent control ordinances have created substantial financial burdens for housing providers, especially those managing older buildings with rising maintenance and operational costs. This article discusses the need for introducing triple net leases for…
Property owners and management companies – better safe than sorry! I have been litigating for more than 30 years, and I cannot remember ever being more distressed about the inequity in our legal system than I am currently. The most immediate cause of my distress is a lawsuit in which I recently defended a property…
Navigating the legalities of marijuana use within property management is an ongoing challenge, as states increasingly adopt diverse regulations. This variance between state and federal laws places property managers in a complex position, tasked with adhering to legal requirements while addressing the needs and rights of residents. This article provides a comprehensive overview for property…
The real estate rental market has been more competitive as of late. And while there’s always a thousand things owners can do to improve their property, the real art of ownership is knowing where to invest the money into the property that will go the farthest value-wise. Below I’ve highlighted the four key areas that I’ve found in…
The California dream; it’s a vision of sun-drenched beaches, rolling vineyards, bustling cityscapes, and the promise of endless possibilities. As an Airbnb host in the Golden State, you’re not just offering a place to stay; you’re curating an experience, a slice of that coveted California lifestyle. And often, a balcony with breathtaking views is the…
As reported by VOX, at her first major campaign rally since becoming the Democratic presidential nominee, Vice President Kamala Harris made a relatively unexpected promise. Speaking in Atlanta to a crowd of 10,000 supporters, Harris pledged to “take on corporate landlords and cap unfair rent increases.” Harris’s remarks to cap rents echoed a recent proposal…