The TRUE Essentials: Legal Updates, Stand-Out Strategies, and Screening Tips for Success

November 14, 2024

The TRUE Essentials: Legal Updates, Stand-Out Strategies, and Screening Tips for Success

True Property Management

 

Welcome back! In this edition, we’re covering ways to navigate tricky legal waters ⚖️ and keep your properties in high demand 📈 year-round:

  • 🏠 California’s ever-changing eviction laws: What Newport Beach landlords need to know now
  • 🚀 Clever ways to make your property management company stand out from the crowd
  • 👻 Sidestep Airbnb horror stories with these guest-screening tips

Read time: ⏰ 4 minutes

How Do Property Managers Handle The Tenant Eviction Process

Evictions are rare when working with us at True Property Management, but they do happen. Property Manager Liz Carlson outlines their process for handling tenant evictions professionally and efficiently.

Key Points

  • True Property Management handles evictions carefully and legally
  • Liz Carlson, an experienced property manager, oversees the eviction process
  • The company aims to resolve issues before resorting to eviction
  • Professional guidance is available for landlords facing potential evictions

Why It Matters

Knowing how a property management company handles evictions can give you peace of mind as a landlord and help protect your investment.

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Are Unwanted Guests Threatening Your Property’s Value and Comfort?

Pests can be far more than just an annoyance—they present serious threats to both property and health. From food contamination to structural damage, pests like rodents, termites, and insects can introduce pathogens, destroy belongings, and compromise the comfort of living spaces. By addressing these risks through preventive pest control, property owners can avoid escalating issues that are both costly and detrimental to resident well-being.

Routine inspections and quick responses to pest sightings are key steps that safeguard the value of a home. Simple actions, such as sealing entry points, proper waste disposal, and landscaping maintenance, play essential roles in keeping properties pest-free.

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Is Your Property Marketing Strategy Prepared for Off-Season Success?

Marketing for residential properties shouldn’t take a back seat once peak leasing season is over. Many renters are still searching for a new home due to various life changes, offering property managers the opportunity to maintain high occupancy levels year-round.

Why It Matters: With diverse digital platforms available, property listings must stay current and appealing to catch prospective tenants’ interest. An optimized ILS (Internet Listing Service) with high-quality visuals and accurate rental information can drive more effective results. Additionally, ensuring the property’s website is visually compelling, user-friendly, and supports easy tour scheduling builds trust and streamlines the decision-making process for potential renters.

The Bigger Picture: Engaging social media content and timely interactions across various platforms can influence renter behavior and create an impactful presence that draws attention.

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What Every Landlord Should Know About Property Management

Owning rental properties is a big investment, and managing them well can make all the difference. Think of each property like a business: keeping up with maintenance, staying on top of tenant needs, and managing finances isn’t just “extra work”—it’s the key to long-term success. When you treat your properties professionally, you’re not just improving the experience for tenants; you’re protecting and growing your investment.

Building a solid property management plan helps you avoid headaches, stay legally compliant, and build a stronger, more valuable asset. With the right systems and a hands-on approach, you’ll enjoy more peace of mind, boost your property’s value, and set up a steady stream of income for years to come.

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Smart Multifamily Insurance: Choose Your Ideal Provider

Choosing the right insurance company for your multifamily property goes beyond just looking at industry rankings. It’s about finding a provider that truly understands your unique needs and can offer tailored protection for your investment.

Key Points

  • Assess your specific property needs, including size, location, and tenant profile
  • Look for insurers with strong financial ratings and experience in multifamily properties
  • Evaluate coverage options, claims process, and customer service quality
  • Consider pricing, discounts, and the insurer’s technological offerings

Why It Matters

The right insurance partner can save you money, time, and stress when unexpected issues arise with your multifamily property.

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Investing in Resident Satisfaction: A Smart Strategy

Keeping your tenants happy is good for them and smart for your bottom line. When residents are satisfied, they’re more likely to stay, meaning less turnover and fewer costs for you. Simple updates, like automating payment options and improving how maintenance requests are handled, can make a big difference. This not only streamlines your workload but also allows you to focus on building positive, lasting relationships with your tenants.

Using the right mix of technology and personal service keeps residents engaged and makes managing multiple properties easier. Mobile apps let tenants pay rent, request repairs, and stay connected with their community—all on their own time. Regular check-ins, like surveys, can also give you valuable feedback to address any issues before they become reasons to leave.

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Protect Your Property: Avoid Airbnb Guest Nightmares

When renting out properties, unexpected guest behavior can sometimes lead to situations straight out of a horror story. Hosts have dealt with scenarios ranging from pop-up parties that caused extensive damage to guests turning spaces into temporary workspaces for their own clients.

Why It Matters: These stories serve as a reminder of the value in setting clear house rules, staying alert for red flags during bookings, and maintaining open communication with guests. Ensuring your listing’s integrity means going beyond the basics—like digital check-ins, regular security monitoring, and thorough post-stay inspections—to protect your investment from potential mishaps.

The Bigger Picture: While most guests will be respectful, rare instances like these reveal that preparing for worst-case scenarios can make a significant difference. Implementing a few key preventative steps can reduce potential headaches and safeguard your property’s long-term value.

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