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Should You Convert Your Primary Home Into a Rental Property?

Authority Property Management

Maximizing Financial Gains: Why Renting Out Your Home Could Be a Smart Move If you're considering moving to a new home but aren't ready to part with your current one, you might be asking yourself: should I turn my primary residence into a rental property? But in many cases, this move can be an incredibly smart financial strategy.

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

Authority Property Management

The Impact of SB-721 on California's Property Management Industry  Introduction Senate Bill 721 (SB-721) was enacted to improve building safety standards, particularly for balconies and elevated exterior elements. Political and Legal Impact Regulatory Compliance: Landlords must adhere to new regulations to avoid penalties.

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Mitigating Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Inspect properties for hidden issues, analyze financial records for stability, and align strategies with market trends. Implement efficient property management to minimize operational risks. Prioritize tenant relationships for enhanced property performance. Use data-driven decisions to manage risks effectively.

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Rental Property Tax Forms–What is Required?

Real Property Management Choice

The New Year brings with it tax time, and as a rental property owner you are responsible for ensuring tax laws are followed and IRS forms are issued. Do You Know What Rental Property Tax Forms You Need to File? As a client of Real Property Management, you DON’T NEED to personally issue IRS form 1099-MISC to contractors.

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Houfy vs. Airbnb: What Do They Offer for Hosts?

Hospitable

By The Hospitable Team OTAs With so many vacation rental booking sites, it's not easy to decide which of them you should list your STR property. Airbnb has long been a popular choice for hosts and property managers as one of the largest OTA platforms, but there are also many smaller listing websites.

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An introduction to exterior condo safety inspections

Condo Control

Condo envelopes are important because they: Regulate temperature Keep out moisture and vapour Block wind, snow, sun and dust What is an exterior safety inspection? California The state of California has mandated that condo and HOA associations conduct regular deck and balcony inspections as a result of a fatal balcony collapse in 2015.

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LA On-Site Property Manager Compensation 2016

Real Property Management Choice

The compensation for this position is governed by State and Federal rules and regulations. Check exchange literally translates to the manager gives the property a check for rent and receives a check for their hours worked. In California, if there are 16 units or more a designated ‘responsible person’ is required to live on site.