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.
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.
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.
At Progressive Property Management, we provide full-service management in Orange, California to landlords and investors with rental homes in the area.
Today, we are talking about a subject that is on the minds of every property owner in California. That subject is the upcoming renter’s state. We know you have questions and we know there will be some implications for your rental property, and we want to know that we’re happy to be a resource for you as new laws and regulations go into effect.