Remove 2015 Remove Insurance Remove Tenant
article thumbnail

Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

Delays in compliance could lead to legal actions from homeowners, insurance complications, and costly emergency repairs. In the wake of tragic balcony collapses, such as the 2015 Berkeley balcony failure , California legislators enacted Senate Bills 326 and 721 to prevent similar disasters. Understanding SB326 and SB721: What Are They?

article thumbnail

Should You Convert Your Primary Home Into a Rental Property?

Authority Property Management

Generate Passive Income and Build Long-Term Wealth Renting out your home can create a steady stream of passive income, which can help cover the mortgage, property taxes, insurance, and maintenance costs. This means that having a tenant in your current home could help you qualify for a more expensive or desirable primary residence.

Insiders

Sign Up for our Newsletter

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

article thumbnail

When Is the Last Time You Raised the Rent?

Authority Property Management

Why Small, Annual Increases Are Best for You and Your Tenants As a landlord or property owner in Redding, CA, when was the last time you raised the rent on your tenants? Many property owners hesitate to increase rent, either because it feels awkward to bring up or because they worry it might push good tenants out the door.

Rent 59
article thumbnail

Mitigating Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Practice proactive risk management strategies like robust tenant screening and maintenance plans. Prioritize tenant relationships for enhanced property performance. Implement proactive risk management strategies like robust tenant screening and preventive maintenance. To start, robust tenant screening processes are vital.

article thumbnail

Water damage in a rental property can cause tremendous damage.

Real Property Management DC Metro

Kathy Grey, Manager at Real Property Management Houston said, “The great Memorial Day flood of 2015 led to water damage in a rental property and a tenant wanting to be reimbursed when the whole lower level flooded. As in all cases, we politely and respectfully draw tenants back to the lease regarding areas of responsibility.”

article thumbnail

New Laws for LA Landlords

Real Property Management Choice

Backyard Plants According to AB2561, landlords are required to permit a tenant to do “personal agriculture” in their outdoor backyard using portable containers you have approved. Tenants are only allowed to do ground level planting for fruits and vegetables and strictly NO marijuana is allowed for personal use.

article thumbnail

Little Change In Rents As Tenants Settle In For Winter

Rental Housing Journal

There was little change in rents as moving season is past and tenants settle in for the winter, Yardi Matrix says in the November Multifamily Report. Of the last 10 Novembers, since 2015, the average U.S. advertised rent has changed more than $3 only three times.

Rent 52