**UPDATE: I have added names and links to the specific California landlord laws discussed below**  With every New Year comes a new set of laws and regulations for landlords and property managers.  Below is a short list of what we consider to be some of the most important statutes that will affect the multifamily industry […]

The article below was just published on Bloomberg.com and I thought I would pass it along.  Bloomberg offers a very interesting insight into the transformation that the property management industry is experiencing as home ownership continues to stagnate and rental prices rise.  A word of caution, however, to landlords who are looking to hire a […]

Quick tip for your Monday morning: Taking the time NOW to screen prospective tenants is MUCH faster (and cheaper) than having to evict further down the road.  Have a wonderful week! -Trevor

This is a huge win for those of us in the Los Angeles multifamily real estate market.  See article from the Fair Housing Coalition below.  What are you thoughts on this ruling by Judge Yaffe? -Trevor The case is Barbara Darwoush vs. City of Los Angeles – 10/06/2011 A recent ruling by Judge Yaffe may […]

If you have ever been in a pre-1940s New York City apartment building, you may have noticed the mind boggling array of pipes leading every which way possible.  The pipes shoot through corridors, up stairwells, down walls, ride on top of other pipes – all with seemingly no logic at all.  So what happens when […]

Is your Homeowner’s Association maximizing the amount of reserves it could be holding?  Our experience with HOA and Community Management is that t elected Board does not always have the time or resources to look for cost savings in every single detail of the Association’s monthly bills (let’s face it, homeowners are busy).  In an […]

First Light Property Management Inc (FLPM) is proud to announce its newly formed relationship with the Magnolia Courts Senior Living Community located at 2552 Foothill Blvd, La Verne, California.  FLPM has been contracted as the exclusive 3rd-party management provider  for the 101-unit condo complex. Here is a quick description of our lovely new community: “Immerse […]

We recently received this letter from a departing resident of our Ocean Breeze apartment community located in Torrance, Ca.  Jim Masters, our residence manager, does a wonderful job to make sure that that his residents are happy from the day they move in until the day they decide to retire in South America. Thank you […]

Are you curious about where to buy your next apartment building?  Take a look at this list that was compiled from Safeguard Financial’s blog – some of the locations and statistic are a quite surprising (eg Stockton at 16.7% unemployment!?!).  What other real estate markets should be included on this list?  What will property management […]