Most people think property managers mainly collect rent and deal with tenant issues. While that’s true, there’s more to their job. This article aims to spotlight some less known but crucial tasks that a skilled property manager should handle for your investment. Tax Related Activities When engaging external vendors via your property management company, it ..Read More
Filed under: Landlord Tips
Fast Eviction has gathered a list of the most impactful rental laws for California in 2024. Assembly Bill 1620 Assembly Bill 1620, effective January 1, 2024, introduces a significant advancement in tenant rights for individuals with permanent physical mobility-related disabilities residing in locally rent-controlled properties. This legislative measure empowers jurisdictions with local rent control to ..Read More
Filed under: Laws
Landlords must take mold seriously, as it thrives in warm, damp places like basements and attics with poor ventilation. Mold can grow quickly and isn’t limited to wet climates—it can happen anywhere due to issues like spills or faulty plumbing. If you manage a rental property in California, dealing with mold can lead to expensive ..Read More
Filed under: Landlord & Property Management
In California, the rules regarding the repainting of rental properties between tenants are generally based on the concept of wear and tear, and they are often addressed in the lease agreement. Here’s a more detailed explanation Normal Wear and Tear Landlords are generally responsible for maintaining the habitability of their rental properties. Regular painting to ..Read More
Filed under: Landlord Tips
In California, the responsibility for carpet cleaning is typically addressed in the lease agreement between the landlord and tenant. The California Civil Code does not specifically address carpet cleaning, so it often depends on what is stipulated in the lease. Lease agreements commonly include provisions regarding the maintenance and cleanliness of the rental property, including ..Read More
Filed under: Landlord Legal Issues
When delving into real estate investments, the initial inclination often leans towards staying within the familiar confines of one’s local market—an understandable sentiment. Being in proximity allows for a better grasp of the market dynamics and a sense of ease when it comes to tenant interactions and rent collection. Despite the perceived challenges, venturing into ..Read More
Filed under: Landlord Tips
The Los Angeles County Department of Consumer and Business Affairs has taken a proactive step in addressing the economic challenges posed by the COVID-19 pandemic with the introduction of a comprehensive rent relief program. Launched with an allocation of $68.7 million in grants, this initiative is specifically crafted to provide support to rental housing providers ..Read More
Filed under: Los Angeles County
The collaborative initiative undertaken by tenants in four Bay Area cities—Larkspur, Pittsburg, San Pablo, and Redwood City—represents a significant step in addressing the pressing issue of housing affordability and tenant rights. Through a concerted effort, these tenants have taken the proactive measure of submitting initial filings to include local rent control and tenant protection measures ..Read More
Filed under: News and Updates
The launch of the $46.3 million Los Angeles County Rent Relief Program marks a significant effort to address the economic fallout from the COVID-19 pandemic, particularly focusing on the challenges faced by both small landlords and tenants. The initiative is a response to the widespread financial strain caused by the pandemic, which has left many ..Read More
Filed under: News and Updates
Between property showings, lease signings, maintenance, and lease renewals, there exists a multitude of meticulously coordinated tasks that must be executed on-site every day. For property management teams to achieve optimal success and efficiency, they should function like well-coordinated mechanisms. Unfortunately, the majority of property management teams do not operate at this level of efficiency ..Read More
Filed under: Landlord Tips