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How SB-721 is Shaping the Future of Property Management in California: A Comprehensive Analysis

Authority Property Management

The Impact of SB-721 on California's Property Management Industry  Introduction Senate Bill 721 (SB-721) was enacted to improve building safety standards, particularly for balconies and elevated exterior elements. Licensed Contractors experienced in balcony and deck inspections. Who is Qualified to Conduct Inspections?

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New Smoke Detector Law in California

Real Property Management Choice

The new law, SB 745 takes it place and will be phased in through July 1, 2015. Exception: If anyone (retailers, wholesalers, managing agents, contractors, property owners) has the older models (not a 10 year battery), they may continue to install them until July 1, 2015. January 1, 2015. July 1, 2015.

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Rental Property Tax Forms–What is Required?

Real Property Management Choice

Issuing IRS Tax Forms: Am I Required to Issue a 1099 to all of my contractors as a landlord? This IRS regulation applies to everyone who did some kind of work related to your property last year, as long as the company is not a corporation such as a professional property manager , wholesaler, attorney, or accountant.

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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Moreover, it’s 48% higher than the homelessness rate in 2015. Are you a property owner in need of professional rental property management? The rental market rapidly increased during 2021 and 2022. to just 0.4%.

Apartment 130
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LA On-Site Property Manager Compensation 2016

Real Property Management Choice

Without a doubt one of the most confusing aspects of residential management is what the requirements are for an on site or resident manager. First of all, the resident manager is an employee and generally cannot be an independent contractor. Two managers living in the same unit cannot exceed $835.49

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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. The amendment does not apply to smoke alarms that have been ordered by, in inventory of an owner, managing agent, Contractor, wholesaler, or retailer on or before 1st July 2014 until 1st July 2015. According to senate bill No.745,