28 Mar Rentals Property Management
Rentals – Property Management
Rentals and property management, one of the biggest decisions you’ll make as a landlord is whether you should hire a property management company. But when it comes to managing your rental properties, a good property management company will ensure they protect these valuable assets by keeping up-to-date with laws and regulations among other things.
San Diego County – Shocking Numbers
On Average regulatory costs account for 40% of the cost of housing across San Diego County according to a study released by Point Loma Nazarene University. The cost range from $125,000 in Santee to $282,000 in Carlsbad. Using these numbers with the costs of a fully improved building lot with curb, gutter, sewer ready to go and the cost to build a home at a $150.00 per SQFT. This now means that a Single Family Home in San Diego priced under $500,000 can no longer be produced. This means that all homes in that price range or lower are under value and guarantee to appreciate.
Rancho Mesa Tenant Contracts Update
Our firm has spent $3000.00 in updating to latest California Law for leases and addendums. With numerous new laws that are benefiting tenants and our firm felt it was imperative to bring in the very best language to safeguards our owners and their properties. California courts are bias for tenants as they hold landlords to be business professionals. Therefore it is important for regular updating of all forms and systems used by owners and property management companies to protect these valuable assets.
California cracks down on Illegal Handyman Activity
February 24th and 25th. The state of California licensing board did a major contractor sting operation in Chula Vista California. 17 separate handyman services were cited and fined. It is illegal in the state of California for a handyman to do any repair over $500.00. Please note that if you use handyman services at your property on authorized work will not be insured nor will you have liability insurance encase of an accident.