As a multifamily manager, navigating the complexities of operational costs while striving to maintain a healthy budget is a constant challenge. However, it’s crucial to recognize that reducing costs doesn’t have to compromise the quality of services provided. In fact, with a strategic approach to budgeting, multifamily managers can identify opportunities for improvement and implement ..Read More
Filed under: Landlord Tips
Regular maintenance is a cornerstone of responsible apartment ownership, and it plays a pivotal role in ensuring the safety, satisfaction, and longevity of your property. While the list of maintenance tasks is extensive, focusing on key areas can significantly contribute to the overall well-being of your apartment building. Plumbing and Electrical Systems Regular inspections of ..Read More
Filed under: Landlord & Property Management
The upcoming Concord City Council meeting on January 30 promises to be a crucial juncture in the ongoing discussions surrounding the proposed rent control ordinance. Following an extensive debate during the recent council session, the city council has decided to continue the public hearing, focusing on amendments that could significantly shape the ordinance’s restrictiveness. Discussion ..Read More
Filed under: News and Updates
In certain circumstances, tenants have the ability to terminate their existing lease without being held accountable for the remaining term. Civil Code Section 1946.7 provides a framework for tenants to exercise this right, offering protection in cases where the tenant, a household member, or an immediate family member has been a victim of specified acts. ..Read More
Filed under: Landlord Legal Issues
Accepting any rent payment during the pendency or expiration of a notice is a frequent matter of concern. The fundamental principle dictates that the act of accepting rent, even if it’s less than the total amount owed, leads to the withdrawal or waiver of any outstanding notice. Remember, this shouldn’t be considered legal advice, please ..Read More
Filed under: Eviction Procedure
Under California law, the handling of a tenant’s security deposit is subject to specific regulations to ensure fair and transparent practices. One crucial requirement is that landlords must provide a written account of the security deposit within 21 days of the tenant vacating the unit. This detailed breakdown must include any deductions made, especially for ..Read More
Filed under: Security Deposits & Damages
The 2024 ballot initiative led by activist Michael Weinstein and the AIDS Healthcare Foundation represents a persistent effort to challenge and modify existing property regulations, particularly the Costa-Hawkins protections. This initiative, marking their third attempt, underscores an ongoing debate surrounding property rights, rent control, and the broader implications for homeowners. What is the Costa-Hawkins Act? ..Read More
Filed under: Landlord Legal Issues
Landlords often ask tenants for proof of income to gauge their financial stability and rent-paying capability. Effectively handling these documents is vital for property management, offering assurance that tenants can meet their rental responsibilities. This evidence of earnings and financial stability provides valuable insights for landlords when screening potential tenants, fostering a successful landlord-tenant relationship. ..Read More
Filed under: Landlord Tips
As a landlord, you can sell your rental property even if tenants are living there. However, it’s important to check your lease agreement and respect your tenant’s rights. Make sure the sale is fair and considerate to your tenants. Before selling, think about the pros and cons of this decision. Pros of Selling Occupied Rental ..Read More
Filed under: Landlord Tips
Ending a professional relationship with your property manager is indeed akin to navigating the complexities of a romantic breakup. Just as with matters of the heart, it’s essential to approach this situation with tact and consideration. Following your son’s advice—“Don’t ghost”—applies perfectly in this context. In the realm of property management, this means conducting the ..Read More
Filed under: Landlord Tips