How to Recognize and Avoid Rental Scams | Property Management Newport Beach, CA
Renting a place to live is stressful and time-consuming. You want to find the best deal, but you also need somewhere safe and secure for your family. But, according to property management experts in Newport Beach, CA, rental scams are everywhere
Tax Tips for Landlords: 4 Ways to Save Big Money
With tax season upon us, landlords will be reporting to the IRS all rental income received which includes: standard rent payments, advanced rent payments, services received as rent, tenant paid expenses, tenant penalty payment for canceling lease, security deposit, etc. 2020 was a rough year for many landlords amongst the statewide COVID-19 eviction moratorium. Because […]
Downsizing? Why You Might Want to Keep Your Old Home
As older California homeowners feel the pinch of rising property taxes, many are swapping their old family homes for something smaller, cheaper, and more suited to senior living. Many senior homeowners are selling their properties in order to put equity into their next home and pad retirement savings, but is selling really the right call? […]
This Memorial Day, honor the families of the fallen
Issues to Address Before New Tenants Move In
If youve been renting out your property for a while now, you understand that collecting a big wad of cash every month is not the only thing on your landlords to-do list. Being a landlord takes work, and preparing the property for your tenants is a big part of it. For starters, you should think […]
‘Modest recession’ eyed in 2023, Fannie Mae economists predict
Home sales now expected to decline by 7.4% this year and 9.7% in 2023, a dramatic adjustment from March, when Fannie Mae forecast a 4.1% decrease in home sales this year and a 2.7% decrease in 2023 Economists at Fannie Mae have dramatically downgraded their home sales forecasts for this year and next, saying they […]
10 Common Mistakes Landlords Make
People enter the landlord business for many different reasons. Maybe it’s by accident, maybe it’s by necessity, maybe you gained a property through an inheritance, or, maybe you diligently researched properties for sale and chose to purchase one (or more) as an extra source of income. Regardless of how or why you became a landlord, […]
8 TTenant Screening Myths: Debunked!
Myth #1: Go with Your Gut Most landlords know that using their gut to judge a person is not the wisest decision. According to a 2016 survey done by the TransUnions screening service, SmartMove, 86% of landlords said they verify an applicants information before signing a lease. However, there are still thousands of landlords a […]
Happy Fourth of July!
Property Management in Newport Beach, CA | Don’t Make These Mistakes
It’s not easy to be a property manager. You have to handle everything from maintenance and repairs to tenant relations and collections. That means you’re constantly managing people, property, and money–and that can lead to costly mistakes if you’re not careful. There are some common mistakes that many new property owners unknowingly make. Learn what […]