Remove 2014 Remove Applicants Remove Lease
article thumbnail

New Laws for LA Landlords

Real Property Management Choice

This law applies to any lease executed, renewed or extended on or after 1st July 2015. 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, Smoke Alarms This law became effective 1st July 2014.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Real Property Management Choice

Entire neighborhoods are at risk when do-it-yourself (DIY) landlords take on the leasing responsibility without the proper checks in place. The Bureau of Justice reported in 2014 that 76.6% A recent survey was conducted by Liminality, Inc., an independent research firm, on behalf of the nationwide property management firm.

article thumbnail

LA Neighbors in Danger Due to Lack of Tenant Screenings

Real Property Management Choice

Tenant screening is one of the most important parts of the leasing process but a new survey of Do-It-Yourself (DIY) landlords shows that your neighborhood may be in danger. Upon qualifying an applicant, they ask themselves, “Will this tenant be a risk to the owner or the rental property they will be leasing?”

Tenant 52