Property Management News
Key Takeaway: Understanding the responsibilities and definition of a property manager is crucial in pursuing a career in property management. Property managers handle a variety of properties, including residential properties, commercial properties, and homeowners associations. Researching and understanding the legal requirements in your state and obtaining the necessary licenses or certifications is a vital step in becoming a property manager. Gaining experience under a licensed real estate broker and utilizing effective job search strategies can increase your chances of finding a job in property management. Certifications such as National Apartment Leasing... Read more
Some Los Angeles tenants who didn’t pay rent during the pandemic could be facing eviction in August Payments missed between Mar. 1, 2020 and Sept. 30, 2021 are due on...
Understanding the Eviction Process Eviction is a legal process where a landlord removes a tenant from their property. Knowing the eviction process is crucial for both...
Eviction. Not anyone's favorite word, and certainly not a word that resonates positively with renters. It is, however, a necessary part of operating rental...
Estimated debt to landlords comes in the wake of new tenant protections Delinquent tenants in the greater Los Angeles market owe an estimated $1 billion in unpaid back...
“Cash for keys” is a term used to describe a situation where a landlord offers a tenant a sum of money to vacate the rental property voluntarily. If done properly, cash for keys can be a good way for landlords to get an unwanted tenant to move out willingly. Plus, it can be more cost-effective than an eviction, which involves court fees, notices, a lengthy eviction process, lost rent, etc. In this article, we discuss how cash for keys can be a useful tool for landlords who want to avoid the cost and hassle of eviction. What is Cash for Keys? A cash for keys agreement is a written contract between a landlord and a tenant, in which the landlord offers a sum of money to the tenant in... Read more
Residential rental property is the way to make money, or so some people claim. On the surface, it seems likes a surefire bet; in reality, it's usually more of a...
There are many different types of liens. Find out what they are and how they are enforced. A lien is a legal way to secure the payment of a debt. It gives the...
As a landlord, one of the toughest situations is dealing with a tenant not paying rent. Loss of rent leads to cash flow issues, so what should you do if a tenant stops...
You did everything right — credit checks, calling previous landlords and references, criminal background checks. But despite your careful screening, the tenant who...
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