Tips on how to fill apartment vacancies: Tip #4 – Market Neighborhood Businesses Is the property that you manage or own located within a few miles of a shopping mall, retail store (think: Wal-Mart), grocery store or large restaurant? If so, then you have a very easy way to potentially garner new tenants who have […]
Continue ReadingTrevor Henson
What are some good examples of bad leasing policies?
The American Apartment Owners Association posted an article on their blog that brings up a very relevant point in regards to leasing policies: bad policies can lead to bad tenants. We, as landlords, must set the standard from the beginning when engaging resident-prospects. If we are lazy with our reference checks, credit checks, rental history […]
Continue ReadingNew Home Owners Association Law in CA for 2012 – SB 150
I have received a considerable feedback from Property Management 2.0’s readers requesting more information on the new SB 150 Home Owners Association (HOA) law in California that came into effect Janaury 1st, 2012. To help answer questions in regards to this new CA law, I have included an excerpt from community association attorneys, Swedelson & […]
Continue ReadingThe 2012 Apartment Market: Can We Look Forward to Another Prosperous Year?
This past year was very strong for the apartment industry here in California as well as for most other parts of the U.S. Our company’s portfolio of apartments, HOA’s and single-family-homes saw an increase in average rent; increase in occupancy levels; and a fair amount of new acquisitions. Will 2012 continue to lead owners, investors […]
Continue ReadingNew 2012 Laws for Landlords and Property Managers
**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 […]
Continue ReadingBloomberg Article: Property Management Industry Grows as Rentals Surge
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 […]
Continue ReadingProperty Management 101: Tenant Screening
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
Continue ReadingBig Win for Los Angeles Landlords: Superior Court Judge Jaffe crushes the LAHD in latest ruling
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 […]
Continue ReadingDo you know where your plumbing lines are going?
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 […]
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