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.
Landlords Fined $2.25 Million for Running Illegal Airbnb! By -The Editors of the Rental Housing Journal
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…
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.
You’re about to discover the 10 commandments of property management.
When rental relationships sour, even the most conscientious investment property owners can be slapped with a lawsuit that may cost tens of thousands of dollars to defend against regardless of the merits of the case.
Emily’s Notes: Triple-Net Properties This last election was only the latest battle of a seemingly endless war, but Emily was at least temporarily relieved when Proposition 10, the “Local Rent Control Initiative” failed by a vote of 60% to 40%. That rent control measure would have allowed localities to layer new burdens on residential landlords,…