I’d Like To Have Your Opinion On A Question And then I will give you mine. A Tenant has a years’ lease, and is a good tenant as most of them are. You are the kind-hearted owner. Lease is over. Two choices; re-lease for another year or continue on under the roll-over provision in almost all […]
Last Week Somebody Asked Me For Any Ideas On How To Grow A Property Management Company The answer I wrote might be of interest to other readers so it follows: Join Apartment Associations and attend their meetings. Get your CPM designation through NAR as soon as possible. Start on the courses so you can state […]
Hotels Are Looking For More Business And aggressively offering rooms to pet owners with slight or no service charge. Some even offering grooming service and cooking for pets. Landlords: Consider that according to the AVMA, a veterinary association, 36% of Americans have dogs and 30% have one cat or more. They need housing. You Say That They Will […]
If You Have Been Watching Rental Housing In California You realize that rental prices are increasing faster than wages are increasing. This is not a good sign for renters, and talk of Rent Control is coming to the forefront again in many cities. But there are still some areas to invest. Student Housing: It is […]
Our Office: Since June 1990 (a long time ago) is in Mission Viejo High Park. It is in a complex of many buildings of one story office units. Last Week Around 8:30AM The Staff Heard a Loud Explosion The building out our back door was smoking. There was an extreme problem in their large electric boxes. […]
Take Heed of the Estoppel Certificate These are the words for today. These words are extremely important when buying or selling income property and for agents who are working on these sales. The California Bureau of Real Estate Glossary states: Estoppel is a legal theory under which a person is barred from asserting or denying […]
This makes three Property Management articles in a row. Why? Well, I am starting to organize a new 15 Hour Property Management course for State Approval, so my mind is on PM matters. Now, I have to start organizing and stop procrastinating. Whenever I read a document, I note what is given emphasis by type […]
The important word for today is “Lease”, as in leasing residential property. Owners and tenants should understand the consequences of signing any mysterious documents. The question for today is, “What happens at the end of the lease?” The tenants could move out. Obviously the parties could extend the agreement or make a new one. Or […]
Q: Most of my current residents are full- or part-time students. The units are large, and are typically shared by four or five room mates… Q: Many of my rental units are in central Los Angeles, near the campus. Of course, most of my current residents are full- or part-time students. The units are large, […]
Question Seems like more and more of my prospective residents have past due balances on their credit reports and outstanding collection accounts. Years back I wouldn’t even consider someone with a collection account, but if I did that now, I’d have an empty building! What do you think? Answer According to a recent study […]
