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 …
What Are Tenants Looking For In Their Next Rental Property? (Part 3: Amenities)
In Part 1 of this series, we covered topics such as pets, subleasing, tenant repairs, and more. And in Part 2, we review major and minor upgrades. In this final series, we will cover amenities. 4. Amenities Amenities are aspects of the property that can’t be added to a property. Why would I bring these up if there is nothing …
What Are Tenants Looking For In Their Next Rental Property? (Part 2: Minor and Major Upgrades)
In Part 1 of this series, we covered topics such as pets, subleasing, tenant repairs, and more. We will now dive into some major and minor upgrades tenants are looking for in their next rental property. 2. Minor Upgrades Minor upgrades would be items that you could easily change at your property for under $1000. They include: Ceiling fans Leased …
What Are Tenants Looking For In Their Next Rental Property? (Part 1: Property Rules)
When people call you to enquire about a rental property, they usually have a list of items that they are looking for. Some of them are really important while others are a nice bonus. These property details usually fit into one of four categories that I will define and go through. Property rules Minor upgrades Major upgrades Amenities 1. Property …
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 …
When You Have To Remove A Tenant
In California, there is a requirement that to remove someone from their residence, it must be a just cause eviction. Which means you have to have a constructive violation of the lease to remove a tenant from their apartment. There are minor exceptions like remodeling of a unit or moving in a family member. These require you to pay the …
Repairs Are A Unique Part Of The Property Management Business
Choosing the right vendors is going to be a key part of your ability to manage your income property effectively. Property Managers are at a distinct advantage in this category. Since we have to call out for numerous repair calls on a regular basis, we have a larger pool of work to judge a vendor. You should be looking at …