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.
Over 80 percent of the clients at Progressive Property Management came to us after managing on their own for a while. We call them SMIPOS – Self Managing Investment Property Owners.
The real estate market is doing very well right now, particularly the Orange County rental market. This means the tenant pool is highly qualified, but it’s still easy to be stuck with a bad tenant.
New landlords are often unsure about what they are supposed to do or permitted to do when their tenants break the lease. Today we’ll tell you what we do at Progressive Property Management in order to protect your property and your financial interests.
When it comes to an eviction, there are ways to save time and money. Eviction is often a last resort for most landlords. However, if you find yourself in a situation where you have no other choice, remember these three important things.