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New Laws for LA Landlords

Real Property Management Choice

Evictions for Los Angeles and Long Beach This law became effective 1st Sept 2014. Driver Licence Attaining to Rental Applications According to assembly bill No.60, The applicant may sign an affidavit attesting they are ineligible for an SSN and unable to show proof of legal residence. is authorized by the federal law.

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The Benefits of Reporting Rent Payments for Property Management Companies

MRI Software

Since around 2014, the scenario shifted when credit bureaus started including verified rent payment data in credit reports, known as rent reporting. This can help deter less desirable applicants from the start. Despite rent being a substantial monthly expense, it historically didn’t contribute to a renter’s credit score.

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Buying A Vacation Rental

Lifty Life

GST, PST, and local tourism taxes are all applicable. Whistler studio condo “ The Après ” purchased in 2014 Property Value $185,000 Gross Income $52,000 Operating 35% Vacancy 21% Net Income $26,702 Cap Rate 14.43% Pro Tip : calculate if the property would be profitable as a long term rental.

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 Los Angeles Property Management Dangers: The Risks of Neglecting Background Checks

Real Property Management Choice

The Bureau of Justice reported in 2014 that 76.6% Strict policies are in place to ensure all tenants complete a thorough application and consent to a full background check, including credit history, employment, previous rental history, and criminal and sex offender checks.

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LA Neighbors in Danger Due to Lack of Tenant Screenings

Real Property Management Choice

Rates of recidivism, or the act of criminals committing another crime, are high, according to a study from The Bureau of Justice Statistics published in 2014 that tracked 404,638 prisoners from 30 states who were released from prison in 2005. That study found 76.6 percent of the tracked criminals were re-arrested within five years.

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