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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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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? The New Year brings with it tax time, and as a rental property owner you are responsible for ensuring tax laws are followed and IRS forms are issued. Do You Know What Rental Property Tax Forms You Need to File?

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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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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

Moreover, it’s 48% higher than the homelessness rate in 2015. Moreover, property owners have repaired many existing units to minimize the problem. Property owners must reinvest in repairs and maintenance costs to keep them in good condition. Are you a property owner in need of professional rental property management?

Apartment 130
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New Laws for LA Landlords

Real Property Management Choice

Are you a rental property owner in Westside or South Bay Los Angeles? This law applies to any lease executed, renewed or extended on or after 1st July 2015. However, this law exempts properties with less than five parking spaces or properties with subject to rent control. According to senate bill No.745,

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LA On-Site Property Manager Compensation 2016

Real Property Management Choice

First of all, the resident manager is an employee and generally cannot be an independent contractor. Check exchange literally translates to the manager gives the property a check for rent and receives a check for their hours worked. The compensation for this position is governed by State and Federal rules and regulations.