Below are discussions and tips that have been shared by landlords nationwide. Please be sure to know the applicable laws in your area as they may differ from some of the offered suggestions. Minimum FICO Score Accepted? A landlord was trying to determine what would be the minimum FICO score he would accept from a…
As a professional property manager, I am committed to balancing the legal and ethical obligations to residents of rental dwelling units; providing safe and habitable housing, while simultaneously serving the owners’ financial interests. When landlord’s and tenant’s opinions do not align, conflicts often occur – sometimes, to a level of irreconcilable differences. However, those conflicts…
Blinds are no longer as cheap as they used to be. One landlord who used to always use mini blinds now uses and prefers curtains instead in her rentals. She shared the advantages to using curtains: Blinds Vs. Curtains With blinds we had to change most of them after every move-out for one reason or…
Below are questions asked by rental property owners regarding California property management and resident manager laws followed by answers provided by Attorney Franco Simone. Q: I am a landlord and heard that the state of California extended the protections of the COVID-19 Tenant Relief Act. Is this true? A: Yes, on March 31, 2022, California…
Some years back, I had an experience that taught me just how crucial a reliable property manager is for owners of out-of-state real estate. I’m a property manager by trade, but I’ve also dabbled in the ownership of rental assets over the years. One property I used to own was a mixed-use building in Georgia,…
Protecting your rental property from crime is essential on many levels. Think about all the benefits of a safe rental! By doing so, you can: Attract and retain good tenants Avoid the destruction of your property Increase the value of your property Contribute to a healthier community Make property management more enjoyable
The impact COVID-19 has had on commercial real estate is significant. However, not all shifts have been negative. According to Forbes, the pandemic has generated some innovative possibilities for the CRE market in 2021, including more affordable rental prices, smart building tech, and software specifically geared toward enhancing the tenant experience. But do technology and…
Here are six lessons for landlords from the pandemic that may help better prepare for the future should another potential disaster appear. COVID-19 created a perfect storm for landlords, many of whom were thrown curveball after curveball, requiring them to adjust on the fly for their renters. The most challenging part for a landlord during…
RESIDENT MANAGERS: SUMMARY OF CALIFORNIA WAGE, HOUR AND RENT LAWS FOR 2022 for owners and management companies who employ less than 26 total employees. (Effective January 1, 2022) DALE S. ALBERSTONE, ESQ. ALBERSTONE & ALBERSTONE 269 S. Beverly Drive, Suite 1670, Beverly Hills, CA 90212 Telephone: (310)…
A tenant surrender of possession of agreement is a meeting of the minds that results in a tenant voluntarily moving out for compensation, a rent waiver, return of the security deposit, or any combination of carrots and sticks to motivate the tenant to leave the premises at their own volition. More than “cash for keys,”…