Property ownership is like any other business in the sense that ROI is what keeps the business moving forward. There is a simple equation for increasing rental property income and having a greater ROI, and today we’re talking about how to do that. Increasing Rent A simple yet effective way to increase your income is to raise rents on a regular basis while keeping it as close to market rent as...
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Today, we want to give you a few reasons why you should work with us if you’re looking for property management in Glendale, CA. Our approach is simple: trustworthy, professional property management services are tailored specifically to your needs. We can handle everything so you don’t have to, and that’s true whether you’re an investor with several rental properties or an accidental landlord...
Today we are discussing what you should do if your tenant does not pay their rent. If you have a tenant that has not paid rent, there are a few steps you can take to ensure the collection of the rent payment as soon as possible. Check the Lease If your tenant has failed to pay rent the first thing you should do is check the lease agreement. You will want to confirm the rent due date and...
https://youtu.be/4MlagnhyUEw Today we’re talking about some of the things you should consider when hiring a property manager in Glendale. Price is important, and you will want to know what you’re really paying for, and what kind of value a professional property manager can bring you.What Kind of Value Do Property Managers Provide?A good property manager will handle the property’s day to day...
https://youtu.be/Ly8rRIf6Gd0 Owning an investment property is an excellent way to earn short term cash flow and long term returns. However, there are ongoing expenses associated with rental properties, and new investors are sometimes surprised at the amount of money they have to spend to keep their property well-maintained. If you can create a budget and prepare for expenses, you’ll find it’s...
https://youtu.be/ujAarLVBLBA A multifamily property is a great investment. You get several different units with the purchase of one property, and you don’t have to worry about large vacancy losses because even if one unit is vacant, rent is still coming in from the others. However, landlords usually have to be more involved with their tenants when it comes to multifamily properties. When neighbors...
https://youtu.be/phOc6Py9gWs The Fair Housing Act is a law signed by President Johnson aimed to eliminate housing discrimination. As a landlord, you need to know this law and you need to keep up with the changes that are made to it from year to year. It has become even stricter and more inclusive since it was signed in 1968, and housing authorities take its enforcement seriously. Fair Housing Act:...
https://youtu.be/r-cBbywvcGs The Fair Housing Act and the Americans with Disabilities Act are two federal laws that all California landlords need to be familiar with. One of the most important issues with these laws right now is service animals and emotional support animals. When a tenant needs one of these animals, you cannot treat them like pets. Understanding Service and Support...
https://youtu.be/nUQzrBX87Xw Landlords in California can evict a tenant for violating the lease, not paying rent, or committing illegal acts on the property. In all cases, you’ll need to provide your tenants with written notice before you evict them. The process in California can be confusing, so consider seeking legal advice or help from a property manager when you need to remove a...
https://youtu.be/fLN2MICza3Q One of the best reasons to invest in rental property is the number of tax deductions most owners can take. Your rental income will need to be disclosed at tax time, so having these deductions available to you will help you reduce your tax liability. Remember to talk to your CPA or tax professional for advice that better relates to your specific situation. Rental...
