Property Management

Note: If you already hired us to manage your property, you can disregard this. If you are managing your property on your own, then you may want to read this article. The tax rule that is commonly applicable for contractors or freelancers is now required for landlords. What is this rule? They should file a 1099-MISC and they need to collect W-9s. Take note that these two forms should ALWAYS go...

Imagine that you’d just acquired a new investment property. Managing your rental seems easy enough, so a lot of people do it on their own. They will take photos, list their property on rental sites, schedule interviews, conduct interviews, and background checks. First time landlords are usually on a tight budget and do not have the means to hire a professional property manager--so, can’t blame them...

John is a full-time marketer in a mid-size company. He bought a condominium soon after he started working. As time went by, John got married, outgrew his condo and moved into a single-family home. His career was taking off and family life was flourishing. John thought it’d be a good idea to rent out the condo. “How hard can it be to rent out a condo? After all, I am in advertising. ” John...

Jane owns a condo in The Bay Area and she recently accepted a job as an HR manager in Los Angeles. Instead of selling her condo, Jane thought it’d be a good idea to keep it as an investment and rent it out. Jane started posting ads and showing it to tenants. After several weekends of showing she received an application. Jane read some tenant screening articles online and thought “How hard can it...

If you think that finding a tenant for your vacant property is your ticket to a happily ever after, think again. Landlords have diverse range of horror stories about professional tenants who rip off one landlord after another. They seem to be the kind of people who are without a conscience, deliberately failing to pay their rent on time causing financial losses to property owners. The worst part? These...