Genuine Property Management

FEBRUARY 2, 2024

Landlords have had to deal with falsified tenant applications for years and now unscrupulous individuals have upped their game and have become increasingly sly in their attempts to evade background checks and spotty pasts. We wanted to share a few things to watch out for during the application process. The applicant Landlords need to vet […] The post Avoid Application Scams appeared first on Welcome to Genuine Property Management.

Applications 130

Applications Applicants Landlord Property Management 130

BiggerPockets

FEBRUARY 2, 2024

Over the next four years, commercial debt bills will total a whopping $2.8 trillion many of which are balloon payments. It's led to the steepest drop in commercial asset valuations in recent history and created tremendous anxiety amongst investors. Where does the market go from here?

IT 95

IT Real Estate 95

Genuine Property Management

FEBRUARY 2, 2024

When a tenant owes a landlord money there are two ways to collect; either go to court to hopefully obtain a money judgement and/or send them to collections. Money judgments This is the most effective, yet you have to go to court and prove it out. If successful, or if the case is not contested, […] The post Don’t Forget to Renew Your Money Judgement appeared first on Welcome to Genuine Property Management.

Landlord 130

Landlord Property Management Property Manager Tenant 130

BiggerPockets

FEBRUARY 2, 2024

A recent poll showed 60% of Americans are scared of the word "budget," so they wind up doing nothing at all. You don't have to budget, but you do have to track. Here's how.

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Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

Lease

Genuine Property Management

FEBRUARY 2, 2024

Single family residences including condos are exempt from California Statewide Rent Control, AB-1482, if: Proper notice of exemption is given to the tenants and; Owner is not a Real Estate Investment Trust, Corporation, or LLC where an owner is a Corporation. Other Exemptions include: Housing with a certificate of occupancy issued within the past 15 […] The post Exempt From Rent Control appeared first on Welcome to Genuine Property Management.

Rent 130

Rent Real Estate Property Management Property Manager 130

Genuine Property Management

FEBRUARY 2, 2024

The main reason to use a Limited Liability Corporation ((LLC) is to insulate your personal assets from liability that may occur at the property. So, your risk stops in the LLC should anything occur on the property such as a slip and fall. Advantages Asset Protection A property’s biggest liability is generally if a tenant […] The post How Protect Your Personal Assets From Rental Property Liability appeared first on Welcome to Genuine Property Management.

Rental Property 130

Rental Property Property Property Management Property Manager 130

Genuine Property Management

FEBRUARY 2, 2024

Buena Park passed a new Ordinance enacting increased Just Cause protections for tenants effective August 1, 2023. While Buena Park has essentially copied most of the California’s Tenant Protection Act (TPA), there are some important differences which relate to increased relocation in some instances, slightly different disclosures, increased requirements for Substantial Remodel Just Cause, and […] The post New Buena Park Ordinance appeared first on Welcome to Genuine Property Management.

Property Management 130

Property Management Property Manager Tenant Management 130

Genuine Property Management

FEBRUARY 2, 2024

Before going down the weedy path of Eviction Lane, keep in mind that court costs are the least of your worries. You may have a mortgage, past-due rent, property turnover costs, locksmith, repairs, and the loud vacancy vacuum eating away at your income as well. Here’s five suggestions to help landlords avoid an eviction and […] The post 5 Easy Steps To Help Avoid An Eviction appeared first on Welcome to Genuine Property Management.

Landlord 130

Landlord Property Management Property Manager Rent 130

Genuine Property Management

FEBRUARY 2, 2024

Here are the five most important rent control laws that come into effect at various times in 2024. Security deposits Tenants will no longer have to pay two months’ rent as a security deposit. A new bill caps the amount a landlord can charge to just one month’s rent. Evictions based on alleged criminal activity […] The post 5 of The Most Rent Control Laws For 2024 appeared first on Welcome to Genuine Property Management.

Rent 130

Rent Landlord Property Management Property Manager 130

Genuine Property Management

FEBRUARY 2, 2024

Making a profit in real estate investing is getting more and more difficult. As real estate prices increase and rents flatten, landlords need to be creative in looking for ways to increase their bottom line income. These five proven but lesser-known strategies will help you maximize your rental property income and ensure a solid return […] The post 5 Ways To Improve Your Rental Profit appeared first on Welcome to Genuine Property Management.

Real Estate 130

Real Estate Landlord Property Management Property Manager 130

Genuine Property Management

FEBRUARY 2, 2024

If you have income requirements for your tenants, such as income must be at least three times the rent, then ensure an applicant meets your criteria. Here are 12 ways renters can easily show landlords proof of income. Pay Stubs Require at least the last two months pay stubs to determine how often the applicant […] The post 12 Ways Renters Can Show Proof of Income appeared first on Welcome to Genuine Property Management.

Applications 130

Applications Applicants Landlord Property Management 130

Genuine Property Management

FEBRUARY 2, 2024

Owning property is a great way to develop your net worth. However, there are responsibilities, so here’s a few helpful tips… Research Protect yourself by doing your homework on responsibilities of landlords and keep up with new information. Maintain a business mindset Separate business from emotion at all times. You’ll pay lawyers, accountants, and insurance […] The post A Few Landlord Tips For Newbies appeared first on Welcome to Genuine Property Management.

Landlord 130

Landlord Insurance Property Management Property Manager 130

Genuine Property Management

FEBRUARY 2, 2024

Gov. Newsom just signed a bill that amends some of the tenancy termination rules under the California Tenant Protection Act of 2019 known as SB 567 Since its inception, the Tenant Protection Act of 2019 has allowed for an owner to recover possession of a rental unit to substantially remodel it. What is new is […] The post A Few New Eviction Rules appeared first on Welcome to Genuine Property Management.

Rental Unit 130

Rental Unit Property Management Property Manager Tenant 130