Before you can effectively lease your California rental property, you need to make sure it’s ready for the rental market and the highly qualified tenants who are looking for a new home.

We’ve created blogs and videos before about the steps you need to take to rent out your property, and today we’re taking a deeper look at the requirements of making the home rent-ready. Continue Reading

The most important part of owning a rental property is finding good tenants. Bad tenants will almost always be expensive and miserable. At Progressive Property Management, we manage more than 1,000 properties, so we’re getting pretty good at the screening and leasing process. Today, we’re sharing what we do so you’ll know how to effectively lease your California rental property. Continue Reading

With the new year underway and all the new laws in California rental housing going into effect, a lot of the owners and investors we work with at Progressive Property Management have questions about what The Tenant Protection Act means for them and their rental properties.

We’ve been answering those questions with some in-depth insight about how things like rent control and just cause evictions affect the current rental market in California and your responsibilities as a landlord. Continue Reading

We have talked to you about the new rental laws that are now in effect in California, and we want to take some time to really discuss – in detail – what the Tenant Protection Act means for landlords and their properties.

Everyone knows that AB 1482 limits the amount you can increase rent on tenants. But, you may not know if your property is exempt or included, and you may not know how to handle any rent increases you implemented towards the end of 2019, before this law went into effect.

You may also have questions about what you need to do to update your lease agreement. You’ll want to ensure it’s compliant with the new laws and lets tenants know whether the home they’re living in is affected. Continue Reading

Our team at Progressive Property Management has been diligently working with owners and investors to ensure their properties are compliant with AB 1482. In the past, we have talked to you about the new rental laws that are now in effect in California, and we want to take some time to really discuss – in detail – what the Tenant Protection Act means for landlords and their properties.

In this blog, we’re shining the light a little brighter on evictions and what the just cause eviction section of this new law means for your property and your right to remove your tenants. Continue Reading

Several California rental laws are currently in effect this year, and there are also some industry trends that we believe will impact the California rental market over the next few years. We’re talking about these things today in an effort to keep you educated and informed about your responsibilities as an investment property owner. Continue Reading

California just passed its first statewide rent control (or rent cap) measure: owners of two units or more will not be able to increase rents annually more than 5% over the Consumer Price Index (CPI).  AB1482 also requires properties that fall under its definition to pay the tenant a relocation fee equal to one month’s rent unless they need to be removed for “just cause”.

This is not the end of tenants receiving more protections so let’s be clear: this is just the start of additional tenant protections and every year going forward there will be a push to limit rent increases, make it harder to remove a tenant and include more properties to which these laws apply.

Here is our solution: give your tenants control over their rent increases and the ability to stay in their property now.  But here is the difference from these state measures: you control the terms.  We now offer a Renewal Option Program that must be agreed to by owners and accepted by tenants.  This gives the tenant what they want: control.  You get a happy tenant who must abide by our strict guidelines to exercise their annual option.  Here is how the program works:

For a monthly fee of $15 included in monthly rent, the tenant shall have the right to exercise an automatic 1-year extension at the end of the negotiated lease and the rent shall not increase more than 2% over the annual Consumer Price Index (CPI) as of December of the previous year.  This option may be voided if the tenant commits any of the following acts during the tenancy:

• One late payment on monthly rent during lease period
• Has more than 1 HOA violation in the 12-month period
• Does not pay a vendor bill caused by tenant
• Does not keep renter’s insurance in force
• At the annual inspection, causes more than $500 in damage
• Violates the terms of the lease such as having unauthorized pets on the property or additional tenants.
• Any material breach of contract

  We retain the fee to monitor the tenant and implement the program.  Our owner has the option to offer every year thereafter, and if they do, the same terms will remain in effect.

Most tenants do not want to move annually and want the security of knowing what their future rent will be.  With this program, your tenant receives both.

Officially known as the “California Tax on Commercial and Industrial Properties for Education and Local Government Funding Initiative”, this would be the first real change to Proposition 13 in 40 years.

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It only took 169 years, but California finally passed statewide rent control that should be effective January 1, 2020 once signed by the Governor.  AB 1482, formally titled “The Tenant Protection Act of 2019” marks a turning point for tenant rights in the history of this state.

AB 1482 – Governor Newsom asked the legislature to put on his desk a pro-tenant bill that has real “teeth” and they were up to the task.  This bill, approved by the Assembly and Senate and now awaiting the Governor’s signature, would do the following:
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At Progressive Property Management, we believe it’s important to keep the owners and investors we work with up to date on the new laws and regulations that impact their investments. Today, we are speaking about a new local requirement; a tenant assistance policy. If you aren’t already familiar with this policy and what it requires, you’ll need to get up to speed quickly so that you understand how you’ll need to handle moving tenants out of your rental home.

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At Progressive Property Management, we expertly manage properties in the city of Tustin and the surrounding areas. Landlords often ask us about security deposits, and there are a couple of best practices that we’d like to share with you.

The security deposit law in California has a lot of details that landlords and property owners need to follow. There are limits to the amount you can collect, and there are deep penalties if you violate the timeframe that’s in place for returning the security deposit. Before you withhold any money from that deposit, you need to conclusively determine whether your property has been damaged by the tenant or is simply experiencing normal wear and tear.

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One of the biggest concerns that the owners we work with have is the threat of eviction. They worry about the time, the expense, and the potential for a messy battle with a tenant who isn’t paying the rent of following the lease terms. This is an understandable concern; you’re worried about the damage that could be done to your property and the money you could potentially lose.

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