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Do I Need to Provide Appliances?
Like many questions in this business the answer is “depends”. Depends on what rental market you’re in as to what appliances are expected and are being provided by your competitors, depends on whether or not you’re in a rising or slowing rental market and depends on your budget. In my Los Angeles market, many tenants…
Read MoreTop 5 Landlord Mistakes
GREED I owned a rental property that I was anxious to rent. A personable applicant came by, loved the place and asked if she could make the deposit in installments. Sure I said, anxious to have the vacancy filled.Of course she always had a reason for not having the deposit installment, later lost her job, etc.…
Read MoreSelf Showing Lockboxes Yes or No?
Is This a Safe Neighborhood?
I cannot answer that question if I don’t live in that neighborhood. So how do you make a wise decision on the safety of a particular neighborhood? Call the police department and ask about police reports filed within the last year or 6 months for the specific address or block you’re looking at. Try searching…
Read MoreBoth Sides of the Fence
I work as a Property Manager in the southern California communities of Pasadena, Eagle Rock and Glendale and manage single family homes and smaller residential buildings. I have been professionally managing for others since 2010 and am currently responsible for over 150 “doors” or units. I chose to focus on the niche real estate area…
Read MoreSmart Money
Every rental market is different but here in the greater Los Angeles area there are 3 things I encourage owners to invest in as they will return higher rents. First, central air. Second, a dishwasher. Third, a garage. Absolutely necessary? No. Habitability requirements? No. Will attract a higher income tenant who is willing to pay…
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