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 […]

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 […]

Click here for Tip #2: Offer a Move-In Special Offering a simple $5.00 gift card to a local store or a small gift to all persons who tour your apartment building is a great incentive for people to not only visit your property but WANT to sign up afterwards.  Upon arrival, ask the prospect residents […]

Click here for Tip #1: Refer a Friend The practice of offering prospective residents a move-in special or incentive is a tried and true method to increase interest in your apartment vacancies.   Offering a free month’s rent with a year lease can be very enticing to prospects that are on a budget (and let’s face […]

One of the most difficult and time consuming aspects of owning and managing an investment property is the act of trying to fill vacancies with qualified renters.  For every day that a units sits vacant, it is money out of the owner’s pocket.  This certainly creates a sense of urgency, however not ANY applicant can […]

I recently read a blog on Property Management Daily entitled “6 Property Management Companies Using the iPhone QR Code Feature” and it set my mind motion with a host of questions:  Is the QR code technology going to be quickly surpassed with the next great reality integration marketing fad (going to way of the junk […]

The proper and through screening of prospective residents for your investment property is one of the most critical tasks that you as a property owner. By doing the leg work (and phone work) up front, you can certainly limit yourself from unneeded hassles and/or loss of rent income.