Get informed and stay up to date with what’s new in the world of Real Estate and Property Management.
If you are a landlord, property manager, or otherwise involved in real estate management in the state of California, then you should immediately become familiar with California’s groundbreaking new law, SB 1157, which went into law last month, on July 1, 2021. Notably, this is the first bill of this type in the country.
Arguably, rent collection is one of the most important financial tasks of a property manager or landlord in Southern California. As such, it’s critical that landlords and property managers stay on top of this aspect of real estate management to avoid a disruption in their property’s cash flow.
If you own a home in Southern California you must ensure the care, maintenance, and upkeep of the home is a priority if you wish to maintain your property’s value. One way homeowners can keep their appliances and major systems in optimal condition is by investing in a home warranty policy.
In response to this brewing housing crisis, Governor Newsom enacted AB 3088, commonly referred to as the COVID-19 Tenant Relief Act of 2020, to offer substantial new protections to all California residents, from eviction, provided that they qualify. In sum and substance, the bill prevents the eviction of tenants who are facing financial hardship due to COVID-19.
The Importance of Having Local Representation and Local Expertise in Property Management and Real Estate Investing
As an owner or investor of multifamily properties in Orange County, Los Angeles, and beyond, the property manager or property management firm you choose to work with is critical to your real estate portfolio’s success.
While you would like to have the ideal tenants, are you being their ideal landlord? According to a study by the National Center for Housing Management, 54 percent of apartments turn over every year.
Successfully renting and managing rental and investment properties may seem like a difficult proposition at times. This is because there are a considerable number of issues and unknown variables that may arise.
Making improvements to your rental property is often viewed as a strategy to increase the net operating income of a property. However, deciding which improvements will give you the best return on your investment can be tough, especially when prices are surging.