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We are looking for an efficient property manager to manage the daily operations of properties, advertise vacant properties, and handle tenant relations. The property manager's responsibilities include coordinating maintenance work, enforcing leases, and preparing...
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 can...
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 has...
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.
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.
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.
When the World Health Organization (WHO) declared the novel Coronavirus (COVID-19) a pandemic, it affected California residents drastically. Specifically, most of the California economy was shut down, leaving many residents without jobs or any source of income. Making residential real estate one of the hardest-hit sectors affected by the COVID-19 pandemic. In any event, everyone is left to pick up the pieces, including landlords dealing with potential evictions and collecting back rent from tenants that accrued while California was shut down.
Air filters are a vital component of your property’s HVAC system, but they are too often neglected. While the benefits of regularly replacing these comparatively inexpensive items might not be immediately noticeable, failing to replace them can actually severely damage or ruin your entire system. Keeping an eye on small details like these is what makes AllView Real Estate Management a top property management firm.
Investing in and managing your own rental properties in Southern California is admittedly an incredibly challenging process. However, being a rental property owner can be quite rewarding when done strategically. Specifically, if you chose to manage your own investment property in lieu of hiring a professional property management company, you will have to wear multiple hats and take on various roles. Below we will discuss the top things you need to know about managing your own multifamily rental property in 2021.