Property Management News
California has specific laws in place when it comes to security deposits, and it is essential for both landlords and tenants to understand their rights and responsibilities. Security deposits are a common practice in rental agreements, serving as financial protection for landlords and ensuring compliance with rental obligations from tenants. By understanding California’s security deposit laws, both parties can navigate the rental process smoothly and avoid potential disputes. Security deposits serve as a form of insurance for landlords in case of damage to the property or unpaid rent. These deposits are typically collected before the tenant moves in and are held by the landlord... Read more
Renters in California will no longer be asked for a security deposit larger than one month's rent, under a bill signed into law by Gov. Gavin Newsom. On...
A bill going through the California Legislature has the potential to limit the amount of security deposits for renters, reports MarketWatch’s Aarthi Swaminathan....
New lease trade-outs plummet nationally. A new report from Berkadia shows how concerns about slowing apartment demand and falling apartment rental rate growth is...
Normal wear and tear doesn't count When a tenant moves into a rental property, he or she will pay the landlord a security deposit in addition to first month’s...
As eviction moratoria begin to expire, the importance of doing a thorough tenant background check on prospective renters has never been more important. Property owners are increasingly aware of the need to protect themselves from tenants with collections, liens and evictions in their credit history and who may be unable to pay their monthly rent. Owners who previously relied on their intuition now realize that it can be dangerous to sign a lease with someone based purely on how they present themselves. Many landlords, even those who have been ordering tenant credit reports for years, will run one on a prospective lessee and then completely ignore it. They are only interested in the... Read more
As rents seem to be increasing daily, the cost of signing a lease for a new apartment is also growing. If a tenant is required by the landlord to pay a security deposit...
How Can I Get Guaranteed Rental Income? Guaranteed rent. Two words that would make any landlord’s heart sing. The concept of guaranteed rent has become a reality from...
Doing any sort of business is about reducing risk and increasing your return. When it comes to managing properties, things can fall between the cracks and strategies...
On October 8th Atlanta, Georgia made a drastic change to their security deposit legislation, giving tenants more options. Dubbed the “Renter’s Choice Bill”,...
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