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California Increases Dollar Limit for Home Repairs Without Licensed Contractors

Authority Property Management

Signed into law in September 2024, California Assembly Bill 2622 (AB 2622) introduces updates to the Contractors State License Law that directly benefit property owners and renters. AB 2622 raises the dollar threshold for contracting work that does not require a licensed contractor. Benefits of AB 2622 for Landlords and Homeowners 1.

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Effective asset management property maintenance: Strategies for property managers

Buildium

Additionally, property managers should work to build long-term relationships with reliable contractors and service providers, negotiate favorable contracts, and carefully manage maintenance costs. Common legal challenges include tenant complaints, non-compliance fines, and insurance liabilities.

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6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

Skills such as tenant screening, handling maintenance, and navigating local regulations directly transfer to rental ownership. Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. These are exactly the areas where new investors struggleand where you can excel immediately.

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Everything you need to know about apartment management in 2025

Buildium

Create a detailed monthly budget covering maintenance, staffing, utilities, marketing, taxes, insurance, and office operations. Forecasting Tips for On-Time, On-Budget Rental Property Maintenance Staff, Contractors, and Vendor Management for Apartment Management Efficient operations rely on a dependable team and responsive service providers.

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How multifamily disaster recovery services minimize damage and accelerate recovery

MRI Software

Repairing structural damage, handling displaced tenants, and coordinating with insurers can quickly become overwhelming. Increased insurance claims and premiums Submitting frequent insurance claims can lead to rising premiums and stricter coverage terms.

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100+ Questions Every LA Multifamily Investor Should Ask

InveServe

considering California regulations? What are all the recurring operating expenses (property taxes Proposition 13 considerations, insurance earthquake coverage is essential, utilities, maintenance, management fees)? How do LA’s specific regulations impact expense projections (e.g., has a network of trusted contractors.)

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What Is a Fourplex? A Practical Guide for Property Investors

Bay Property Management Group

Successful investing requires careful consideration of location, cash flow potential, property condition, local regulations, and effective property management strategies. Try VA loans If you’re a veteran or active service member, VA loans could help you buy a fourplex with up to 0% down and no private mortgage insurance (PMI).