In over thirty years as a property manager, we have been faced with numerous challenges with our vendors. Let me give you a few examples: A sewage pump failed over the weekend, so we called a vendor who wanted $5,000 to replace the sump pump. The pump cost was $1,000. We needed it replaced, but…
DetailsIn this article, I’ll lay out five practices that the best property managers turn into longstanding habits. I’ve returned to them consistently throughout my career, and they apply to the management of all forms of real estate, from retail to residential, office to industrial. When managing, organization is of the utmost importance. You’ll find that…
DetailsThe following is an excerpt from a position paper by C.A.R.’s Center for California Real Estate. It details the consequences of rent control policies, which have been used in certain California jurisdictions to attempt to increase access to rental housing. The complete position paper can be downloaded at http://centerforcaliforniarealestate.org/publications/CCRE_Rent_Control_report.pdf.
AOA Lawsuit Forces Trash Haulers And L.A. City to the Bargaining Table If you own rental property in Los Angeles, you are well aware that you are currently being gouged by the trash companies as a result of Mayor Eric Garcetti’s recycling program that was approved by the City Council.
DetailsHello everybody. With the rainy season upon us, it is once again timely to review the laws pertaining to property damage liability caused by rainwater run-off, surface water flow and landslides emanating from a neighbor’s land.
Month-to-Month Means More Money! Landlords often use month-to-month agreements because it offers them more flexibility and the ability to evict faster if a good apple turns bad. However, one of the biggest potential benefits that most landlords do not take advantage of is that offering residents the option of a month-to-month rental agreement should mean more monthly income to…
DetailsSub Meters Many times tenants, who are not responsible for their water usage, will waste water. Either they will allow the water to just run or fail to report leaks.
DetailsGlendale Landlords – there will be a City Council Meeting on Tuesday, February 12th at 6pm to vote on a “Right to Lease” ordinance – aka “Rent Control”. Alexanian Apartment Advisors published an article and stated five key points they observed at the previous meeting:
Rental housing crime studies have repeatedly shown that moderate to high-crime problems can usually be traced back to a small percentage of residents. Those causing the crime problems are often the acquaintances, ex-spouses, or boyfriends of a legal resident who decided to move in without your permission.
California law prohibits discrimination based on source of income. Source of income is defined as legal, verifiable income paid directly to the tenant or his or her representative (such as a payee). Some examples of income types are: