The Future of Rental Investments in California

This last year has seen the onslaught of numerous laws which will have a huge impact on residential income property ownership. These include the following: Cap on rent increases Restrictions on notices to move Inability to evict for non-payment of rent Restrictions on ability to collect past due rent Recent court rulings that make Arbitration Agreements unenforceable Recent court rulings …

What To Do When A Tenant Is Having Difficulty Paying Rent?

Tenants paying late is a constant problem. Whether you are a large company or just managing a few units, you have probably experienced this issue. I always hear the horror story of a tenant not paying rent for two, three, or six months. I always wince because I know they are true, but it happens because very common mistakes people …

“Just Cause” Eviction (Law Changes: AB1482)

The just cause eviction law is something that most landlords in major cities in California already have had to deal with for a long time.  But if you just own property in Long Beach or most of Orange County, you’ve never had to deal with a just cause eviction law.  Up until now, if you wanted to remove a tenant for something …

Tenant Protection Act (Law Changes: AB1482)

California Has changed a number of laws this year. The most significant of these laws is AB 1482. There are many aspects to AB 1482 that affect both the small independent property owner and a large management company. AB 1482 is called the Tenant Protection Act, and you should be aware of the provisions in the law, how they are …

Lease Up Fees

This is a fee charged to you every time a unit is rented.  The actual cost, varies per management company but we have seen fees as high as half a month’s rent and as low as $500.  Pros:  Usually, companies who charge a lease up fee have a lower overall management fee.  Also, companies that charge a lease up fee …

Every Rental Owner Should Have A List of Essential Contacts

As a rental owner, you likely have your handyman, electrician, and plumber on speed dial, but what other vital contacts (and phone numbers) do you need to have in your phone? Repairs You should use a variety of repair services. As much as you like to use the one handyman who does “everything”, it is good to have someone for …

How To Reduce Tenant Turnover (3 Steps)

A little bit of turnover is always good so that you can “freshen up” your properties. But low turn over is better because it removes one of the major variables of property management, new tenants. Chances are you’ll choose a good one, but if you have a good tenant already, why open yourself up to the possibility of getting a …