If you are considering a short sale of your home (or have completed a short sale), there is a recent California Supreme Court opinion that you should review. The gist is that a bank can’t collect a deficiency judgment when it agrees to a short sale in lieu of foreclosure. Banks can’t agree to a short sale to a third party, then seek the difference of the balance of the loan […]
Bed bugs are a fact of life. And California property managers should know what their obligations are in terms of keeping their properties safe from these pests. The law requires landlords to provide a clean premise, free of vermin. Read the specifics of the law here. A property manager should also have a clear action plan in place to deal with bed bug issues. Here are some guidelines to create […]
If you are a landlord or property manager, you are probably screening potential tenants with employment history and credit checks. But are you running criminal background checks? If not, you may want to consider adding these screenings to your application procedures. Click here to read the complete article on PropertyManager.com. If you’re ready to start running criminal and sex offender background checks on applicants, here are a few pointers from […]
The National Multifamily Housing Council recently completed a report asking renters what amenities were most important to them. A specific San Diego report asked 1,810 renters that question. So here is what they are looking for: 1. Ability to use the internet to pay rent. 2. Ability to use Internet tools for both rent payment and landlord communications. 3. In-unit washer and dryer. 4. Pet friendly homes. 5. Walkable location. Read […]
Property managers are always looking for ways to retain both residents and good staff members. Here are 7 tips and ideas from an article on PropertyManager.com Many of these tips are simple and inexpensive, but the positive goodwill they create will go a long way. Make a resolution to implement at least a few of these ideas in the next few months and see what your results are. The […]
Lots of new things are happening in Point Loma! #1: First up is the Fantasy on Ice skating rink that has been relocated from downtown San Diego to Liberty Station. The skating rink benefits Rady Children’s Hospital, and a skate here is a great way to help a cause and have a great time. More details can be found here. When: November 19, 2015 – January 3, 2016 Cost: Adult-$14, Child-$12, […]
As a property manager or home owner, you should be prepared for El Nino. Forecasters are predicting one of the strongest El Nino’s in recent years, and Southern California is one of the main regions that will feel the impact. The article below is geared towards property managers, but home owners should also be prepared for the season ahead. The information below is from www.PropertyManager.com and the complete article can […]
As we start to close in on the end of another year, it’s important to think about your taxes and what you need to do before 2015 is over. One way to reduce taxes is to take advantage of tax benefits you may get as a homeowner. We recently read a good article on HomeLogic.com that noted the main deductions available to most homeowners: 1. The interest they pay on […]
Rent.com just released it’s annual market report citing research done on hundreds of property managers, thousands of rental properties, and hundreds of thousands of rental units across the country. As you might imagine, the rental market is very strong right now (vacancy rates are at their lowest in almost 20 years). There are plenty of prospective tenants and rents are strong. To view the entire report, please click here.
I recently found this article about the importance of window safety in rental properties. It said that between 1990 and 2008 there were an estimated 98,415 children treated for falls from windows at U.S. emergency rooms. And unfortunately, the numbers are rising. Property managers should be aware and up-to-date on window safety, and this article from Inman gives 7 ways to improve window safety at your rental properties.