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Get informed and stay up to date with what’s new in the world of Real Estate and Property Management.
Landlord Responsibilities: A Checklist of Things You Need To Know
Thinking of buying a rental property? You're in good company; nearly one in five home sales last year was for an investment property. It makes sense — rental properties deliver solid annual returns. But, to paraphrase the old adage, with great returns come great responsibilities. Let's look at a checklist of things you'll be responsible for should you choose to become a landlord.
Townhomes Versus Condos
When searching for a new home, prospective buyers are usually faced with three distinct options: townhomes, condominiums, and detached homes. Most people are familiar with the latter, but less clear on the main differences between townhomes and condominiums. Let's look at each to shed some light and hopefully help you to decide which is right for you.
What is an HOA?
An acronym that stands for homeowners association, an HOA can come in different forms and perform a variety of functions. But in general, it's an organization that creates and enforces the rules for collective properties, usually condo buildings, planned communities, and subdivisions. Let's delve into some of the different aspects of HOAs.
The Pros and Cons of Renting Versus Buying
Should you buy a home or rent? It's a question many of us have faced, and one that doesn't have the same answer for all. Let's take a look at why either buying a home or renting a property might be best for you.
Eliminate These 4 Challenges by Hiring a Property Management Company
Renting out your investment property is one of the most effective ways to achieve stable returns over a long period of time. However, the key to success here lies in hiring a dependable property management company that can manage your rentals with efficiency. You...
What You Need to Know About 1031 Exchanges in California
What is a 1031 exchange? The Internal Revenue Code section 1031 allows you to defer capital gains tax if you reinvest the money made on the sale of your property into a like-kind replacement property of equal or greater value. This can save you a lot of money and...
AllView Real Estate Management Awarded Best Property Managers in Huntington Beach and Irvine by Expertise.com 2022
The property management industry in California is a thriving and highly competitive area of business, dominated by only those companies that excel at delivering superior service, efficiency and return on investment. Since inception AllView Real Estate Management...
Santa Ana Becomes First Orange County City with Rent Control
On October 21, 2021, after a decade-long push from the Santa Ana community to find a solution for housing affordability, Rent Control has officially been implemented into law in the city of Santa Ana. Known as the “Just Cause Eviction and Rent Stabilization Ordinances,” the new rent control law became effective on November 19, 2021. While other jurisdictions in California like Inglewood, Los Angeles County, and Culver City have already passed similar tenant protection ordinances, Santa Ana is the first city in Orange County to implement just cause eviction measures and rent control. The general consensus is that neighboring cities may see similar laws passed in the next couple of years.
Should you Require Your Tenants to Have Renters Insurance?
All property managers and landlords in Southern California should be familiar with renters insurance and have a firm understanding of why it should be required for all your tenants. Unfortunately, not enough landlords require it. Additionally, while it’s smart for tenants to purchase renters’ insurance to cover their personal belonging, many renters still don’t understand the necessity. Notably, the average renter underestimates the value of their personal property, and they don’t realize the true cost involved should their property be damaged in a building fire or other types of disasters.
SB 1157: California’s New Credit-Reporting Law
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.
