Property Management News
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 housing. But as painful as it is to enact an eviction in today’s world, there is no doubt that the process is more painful and more complicated than it needs to be. Property managers are expected to run point on evictions in addition to the myriad of responsibilities already on their plates, and to do this flawlessly in an ever-changing landscape of rules, regulations and exceptions that requires unerring precision. It involves understanding legalese at its finest, not to mention bracing for the inevitable... Read more
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,...
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 paying? Should you immediately file for eviction? Or should you send them an overdue rent notice first? There are several approaches to choose from, but which one will work best in your situation? In this article, we take a look at a few steps you should take when rent is late. My Tenant Is Not Paying Rent, What Should I Do? Whether you’re facing late rent payment for the first time, or your renter has a long history of paying late, it costs you time and money to resolve the situation. Here are a few actions you can take... Read more
You did everything right — credit checks, calling previous landlords and references, criminal background checks. But despite your careful screening, the tenant who...
Evictions can be a lengthy, daunting process for landlords and tenants, so it’s important you’re aware of the specific reasons, procedures and costs. While...
With just one week left until pandemic-era eviction rules were set to expire, the L.A. County Board of Supervisors voted Tuesday to extend COVID-19 renter...
Every property manager or management company is different, with different skills and different goals, but in general property management services are designed to take...
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