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High LA Rents and Low Income are Driving Roommates Together

Real Property Management Choice

In addition, the rental vacancy rate during the fourth quarter of 2014 was 7% — 1.2 gained more than 770,000 new renters in 2014 and combined with rising rents across the country, created a cumulative amount paid in rent to $441 billion. percentage points lower than the fourth quarter of 2013.

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The Benefits of Reporting Rent Payments for Property Management Companies

MRI Software

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

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New Laws for LA Landlords

Real Property Management Choice

However, this law exempts properties with less than five parking spaces or properties with subject to rent control. Evictions for Los Angeles and Long Beach This law became effective 1st Sept 2014. Smoke Alarms This law became effective 1st July 2014. According to senate bill No.745, Wage Increase According to assembly bill No.10,

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Rising Rental Home Rates Good Sign for Los Angeles Real Estate Investors

Real Property Management Choice

Rental Statistics Report Released Shows Rent, Vacancy, and Saturation Rates All on the Rise Los Angeles eal estate investors can breathe a sigh of relief as recent rental statistics report shows rent, vacancy, and saturation rates are all on the rise. The report that was released shows a 5.4% compared to a 5.7% national average.

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Why Hiring a Property Manager is an Investment.

Authority Property Management

Buy a home, rent it out to tenants for more than you bought it for, and generate a steady income from it. Before these landlords know it, they are dealing with tenants who don’t pay their rent on time and then leave the house in a worse condition than they found it in. In 2014, they handled over a thousand rental units.

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6 Things a landlord should check when moving in a tenant

Authority Property Management

When it comes to finding a rental home or apartment, most tenants are more concerned with simply making sure they find a place to live than they are with meeting the common requirements that come with renting. If so, are they seasonal jobs or will they have those jobs during the duration that they are renting from you?

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LA On-Site Property Manager Compensation 2016

Real Property Management Choice

If an owner wishes to trade off an apartment rent value, the minimum wage value cannot exceed $564.81 In any case the credit amount may not exceed two thirds of the market rent value. The offset to rents can only be done by a written contract. Option 3 The Check Exchange A manager may be charged up to 2/3rds the market rent.