Houses 2 Homes
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Property Managers and Small Claims Court
There are circumstances in which the property manager may file a small claims action on the behalf of the landlord. This is done to recover amounts due or an unpaid balance from the rental or lease agreement: Note a property manager can also file these claims for a homeowner’s association (HOA) which was create…
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The Cat Skid Steer compared to Bob Cat
I have mentioned that I am a general contractor and that I do project which improves a property’s value (Additions, rebuilds and ADU’s.) Anyway, I finally received the approved set of plans with the cities stamps and went to purchase the permits to begin the actual building of the structure. The time frame to…
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Creating Your Activity Paper Trail
It is nice when you feel that your landlord is a friend and that the two of you share a relationship of trust. Hopefully you will never be placed in the position where you are forced to prove your efforts in fulfilling your efforts in care for the property you are managing. However, you can…
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The Wise Investment Standard
Many states have adopted some version of the Prudent Investment Rule (Law /Standard). This rule says that the trustee will be judged by how the investments were managed as a whole. This means that if one investment is not preforming well but the others keep the portfolio continues to grow in worth then as a…
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The Property Manager
There are people which turn their attention from actively trying to locate, sale, or help clients purchase real estate who opted for the management of other real estate property/ properties. This can be and has been a viable option for many in the real estate industry. The property management sometime requires one to be more…
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Property Managers Fees
As previously stated in the last blog a property manager cannot enforce the collection of their fees without a written agreement between them and the person agreeing to make the payments. In most cases this would be the landlord. Because of this a wise property manager will not agree orally with a landlord concerning the…
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Management Agreement for Properties
Anytime you enter into an agreement which will take longer than a year to preform in real estate a contract or agreement needs to be in place. A property manager needs to be under contract in order to protect yourself before you allow one to have possession of your property or properties. They will…
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When Is a Brokers licenses Needed in California for Property Management
Someone who acts on behalf of another concerning real estate needs to have or have their license under a Department of Real Estate (DRE) broker. Many times, the term agent refers to a real estate agent but some one who is hired to conduct the duties of property management must be and real estate…
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The 1st Right of Refusal to Purchase and Other Options
Tenants often invests a substantial amount in a leased property to adapt them to the needs. Due to this many times these tenants require option to preform these improvements. Like many other improvement investors, they do so by one of three payment methods. Also, during the years of operation, the tenant develops a reputation within…
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Nonresponsibility Notices and Their Effects
Sometime the tenant will hire a contractor to do the construction improvements they have permission to preform on their leased or rented property. Any mechanic’s lien by said contractor for nonpayment first attaches to the tenant’s leasehold interest in the property, but a mechanic’s lien for unpaid labor and materials may become attached to the…