Remove 2015 Remove Maintenance Remove Tenant
article thumbnail

Should You Convert Your Primary Home Into a Rental Property?

Authority Property Management

Generate Passive Income and Build Long-Term Wealth Renting out your home can create a steady stream of passive income, which can help cover the mortgage, property taxes, insurance, and maintenance costs. This means that having a tenant in your current home could help you qualify for a more expensive or desirable primary residence.

article thumbnail

When Is the Last Time You Raised the Rent?

Authority Property Management

Why Small, Annual Increases Are Best for You and Your Tenants As a landlord or property owner in Redding, CA, when was the last time you raised the rent on your tenants? Many property owners hesitate to increase rent, either because it feels awkward to bring up or because they worry it might push good tenants out the door.

Rent 59
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mitigating Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Practice proactive risk management strategies like robust tenant screening and maintenance plans. Prioritize tenant relationships for enhanced property performance. Implement proactive risk management strategies like robust tenant screening and preventive maintenance.

article thumbnail

How SB-721 is Shaping the Future of Property Management in California: A Comprehensive Analysis

Authority Property Management

Social Impact Tenant Safety: Tenants will enjoy improved safety standards, reducing the risk of accidents. Landlord-Tenant Relations: While initial disruptions might cause tension, improved safety could lead to higher tenant satisfaction over time.

article thumbnail

An introduction to exterior condo safety inspections

Condo Control

Improper installation, neglected maintenance, and normal deterioration can all destabilize a condominiums exterior, posing potential risks to people in the form of falling debris, or, in very rare cases, structural collapse. The report classifies a building as Safe, Safe With Repairs and Maintenance Program, or Unsafe.

article thumbnail

2024 Annual Rental Housing Report Key Takeaways

Rental Choice

Moreover, it’s 48% higher than the homelessness rate in 2015. Property owners must reinvest in repairs and maintenance costs to keep them in good condition. RELATED ARTICLES: Renter Priorities: What’s On Top Of A Tenant’s List? Roughly 653,000 people were experiencing homelessness in January 2023.

Apartment 130
article thumbnail

New Laws for LA Landlords

Real Property Management Choice

Backyard Plants According to AB2561, landlords are required to permit a tenant to do “personal agriculture” in their outdoor backyard using portable containers you have approved. Tenants are only allowed to do ground level planting for fruits and vegetables and strictly NO marijuana is allowed for personal use.