The property management landscape is constantly evolving, with new laws and regulations coming into play. For second homeowners, staying compliant can be challenging, especially when you’re not local. Here’s what you need to know about the latest property management laws and how they might affect you: 1. Changes in Tenant Rights Recent legislative changes have […]
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Unlocking Success in Property Management: Insights for Monterey, Monterey County, and Salinas Owners
1. Monterey Market Trends: Maximizing Rental Potential Dive into the latest real estate market trends in Monterey to understand the factors influencing rental demand and property values. We’ll explore how to set competitive rental rates, capitalize on local attractions, and adapt to evolving market dynamics to maximize your property’s earning potential. 2. Monterey County Tenant […]
In a study released this week, a UC Berkeley economist warns that repealing the Costa-Hawkins Rental Housing Act would worsen the state’s housing shortage. The paper, authored by Kenneth T. Rosen and available here, focuses on the potential impacts of Proposition 10, a Nov. 6 ballot measure that would overturn 1995’s Costa-Hawkins Act. TO GET […]
Once a property owner has entered into a rental agreement with a tenant and has handed over the keys, the tenant has the exclusive right to possession of the dwelling unit. Moreover, when tenants enter into the rental agreement, the owner agrees to provide the premises (in a habitable condition) in exchange for the tenant’s […]
California law requires residential rental property owners to deliver and maintain their rental units in a habitable condition, this legal principle is called the warranty of habitability. Though originally created by the California Supreme Court in 1974, the California Legislature has codified many of the principles of the warranty of habitability in the Civil […]
I INTRODUCTION Many property owners protect their investment by not allowing any (or certain types) of pets on the property due to possible damage by the pet and the fact that existing law may not allow for an adequate security deposit to cover the damage. However, recent laws on fair housing and accommodating persons with […]
http://www.kcra.com/article/why-sacramento-s-rental-market-is-not-great/11786165
When you make a big purchase, or an investment, buy a car, sign up for healthcare, etc. you do you “homework” to hopefully make a sensible decision that gives you good value for the money you are spending. When you buy real estate, which is likely to be the most expensive, most complex, and riskiest […]
While all property managers are likely (or should be) familiar with standard Fair Housing Laws, such as the prohibition of discrimination in the sale, rental, and financing of dwellings based on race, color, national origin, religion, sex, familial status or disability, there are also a variety of rules and regulations that have been implemented in […]
First, let me confess that I love Excel. Having used Excel for years, I’m fully aware of its strengths, and will continue to use it to create spreadsheets, graphs, and tables. But for some unknown reason, there is a small group of property managers that continue to extol the benefits of using Excel as their […]