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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. If an owner wishes to trade off an apartment rent value, the minimum wage value cannot exceed $564.81 Two managers living in the same unit cannot exceed $835.49 The following are options for compensating a resident manager.

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Rapidly Rising Rents Squeeze Millions in the Middle Class

American Apartment Owners Association

When he moved from Memphis to Nashville for a job in 2016, rentals in even the nicest areas were still in reach. Despite earning a middle-class income as an audiovisual technician in Tennessee and consistently landing promotions, the 35-year-old still needs roommates to afford rent. Median rents have gone up 23.4%

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Carson Tenants & Fireworks: Safety and Regulations

Real Property Management California Coast

If you ever put together fire and explosives, there may be a real danger of not only property damage but also personal injury. According to the report of the National Fire Prevention Association , fireworks caused 11,000 injuries and 4 deaths in 2016. 1,300 of those are structural fires, and 300 are vehicle fires.

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Inglewood Enacts an Emergency Rent Control Measure

Real Property Management California Coast

According to Curbed LA , Inglewood will impose an immediate 5 percent cap on rent increases for any apartment buildings and duplexes built before February 1, 1995. percent since 2016, which outpaces the 7 percent increase in nearby areas. The restrictions won’t apply to single-family homes and condos. Always know you’re in the right.

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Importance of Social Media for Rentals

Authority Property Management

According to a New York Times article , Facebook said that the average amount of time that users spent on Facebook, Instagram, and the Messenger app in 2016 were almost an hour every day. Post links to the websites your rental properties are listed on your Facebook consistently, but not too much. Here are a few ideas: 1.

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New Laws for LA Landlords

Real Property Management Choice

This applies to all landlords and they should NOT use the new license to deny a prospective tenant an apartment during the screening process. 10, the minimum wage increased to $9/hour as of 1st July 2014; and will be increased to $10/hour on 1st January 2016. Landlords are required to pay onsite managers the prevailing minimum wage.