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But here's the real kicker—not all property management is created equal. The differences between commercial property management and residentialproperty management go deep enough to shape nearly every decision you make as a property owner or manager.
By 2024, commercial properties over 250,000 square feet must operate from renewable sources. By 2030, this requirement will extend to all non-residentialproperties over 50,000 square feet. Adopting green initiatives offers numerous benefits to property investors.
I manage a mixed-use property with commercial & residential units. How should I set up this property? For a mixed-use property, it is possible to set up the commercial units as a commercial property and the residential units as a residentialproperty. Billing will update automatically.
California's Assembly Bill 12 : Starting July 1, 2024 , Assembly Bill 12 will bring significant changes to security deposit requirements for rental properties. Equal Application: The law applies equally to furnished and unfurnished properties, removing the previous allowance for up to three months' rent for furnished units.
Remember, consistent pest control not only protects your property but also enhances the comfort and well-being of your tenants. Let's stay proactive and keep our properties pest-free this season! No Workarounds: We encourage compliance with the law, using creative energy for more productive endeavors.
However, this only applies until July 1, 2024. After that date, the limit will be one month’s rent except for landlords who own a certain number of residentialproperties and units for rent. However, there are certain things that landlords should avoid to ensure compliance.
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