Posted on 05. Aug, 2010 by Mary Girsch-Bock.
In the last article, I talked about the importance of properly maintaining a trust account for security deposits and rent payments. The following post contains procedures you may want to implement along with things to avoid at all costs.
Posted on 29. Jul, 2010 by Mary Girsch-Bock.
Misuse of trust accounts is the number one reason why property management companies are audited. That’s why it’s vital that the proper trust fund accounts are established as needed, and used properly. d
Posted on 22. Jun, 2010 by KTS-Law.
Unless your unlawful detainer case went to trial, you have the option of obtaining a monetary judgment after your tenant vacated the property. There are several compelling reasons to continue the action to obtain a money judgment.
Posted on 08. Apr, 2010 by Mary Girsch-Bock.
When Judy moved out of her apartment, the property managers at one of New Mexico’s top management companies were mortified by the extent of damages. The front door was covered in dents, and windows were broken in both the bedroom and the living room. The carpet was covered in cigarette burns and ugly purple stains, and the bathroom tile was curled up and peeling from excessive water damage.
California 2010 Legal Update: Legislation and Case Law That Will Effect Rental Property Owners and Managers
Posted on 04. Mar, 2010 by KTS-Law.
As 2010 gets under way, it is important for property managers and owners to be aware of new legislation, case law and legal trends that will significantly impact our industry. Below is an overview of the most significant laws and trends for this year.
Posted on 12. Jan, 2010 by KTS-Law.
Our law firm is experiencing a dramatic increase in the number of calls we receive concerning an irate tenant who is displaying signs and threats of violence. These threats are directed at on-site management, maintenance personnel or even independent contractors hired to perform work on the property. This article addresses one unique course of action […]
Posted on 17. Nov, 2009 by Aimee Miller.
On Thursday, Nov 12th we hosted a seminar in San Francisco. Daniel Bornstein, Landlord Attorney with Bornstein and Bornstein (www.bornsteinandbornstein.com) presented an insiders view on how to avoid common property management mistakes that cost your business money and result in potential liability. View more presentations from AppFolio Top 10 Property Management Pitfalls Failure to draft […]
Posted on 12. Nov, 2009 by Daniel Bornstein.
As a property manager and landlord attorney, I know firsthand how stressful it can be when terminating a tenancy. The loss of rent, cost to retain an attorney and a resident “gaming the system” to delay the eviction can create incredible anger for the unfortunate landlord.
Posted on 03. Nov, 2009 by Lynn Dover.
Do any of these questions sound familiar to you? “I have a resident who wants grab bars installed in her shower. Are we required to install them for her?” “Our property was built in the 1970s. Today, one of our residents came in to the office and said that he needs a ramp built over […]
Posted on 29. Sep, 2009 by Jamie Sternberg.
Vacancy rates are rising; rental rates are falling; resident retention is becoming more difficult; water, sewer and trash rates are increasing; and the overall economic forecast looks bleak – there is no doubt that these are challenging times for the rental housing industry. Competition for residents is stiff, and property owners and management companies are […]
Posted on 11. Aug, 2009 by Jamie Sternberg.
The California Franchise Tax Board has required withholdings in connection with real property sales for years. The FTB is now expanding withholding obligations to require withholdings on rent payments made to non-resident landlords. The FTB initially focused on withholdings for commercial properties (by tenants and property managers). When it then attempted to expand implementation to […]