Take Charge of Your Property

Simple tips to reduce costs, increase ROI and protect your buildings. - Written by John Caronna - Posted May 18, 2016

Take Charge of Your Property

Whether you are a new rental property owner, or you want to improve your property management skills, here are several basic yet vitally important areas to focus on. From organizing your paperwork, to looking at ways to increase your current income, and getting the most out of an upcoming vacancy, all these areas are equally important for your rental business.

Paperwork From Previous Owner
If you are in the process of acquiring a new property, be sure to obtain the following items from the previous owner: all leases (if the property is in Oakland or Berkeley, ensure that all current tenants are on the lease for each unit), expense records from the previous year; service records and contact information for any major repairs from the last 5-7 years. Last, but certainly not least, is tenant estoppels. A tenant estoppel is confirmation of the amount of current tenant deposits, current rent, ownership of appliances and who pays which utilities, signed by the tenant. The importance of tenant estoppel can’t be underestimated. As a new owner, the last thing you want to deal with is an issue with your tenants or the previous owner that could result in a lawsuit due to a disagreement of what your tenant’s deposit was at the time of their move in, or who pays for the water bill. Having both tenant’s and seller’s agreement on all of the. . .

There is more to this article. If you are a member, please Log In to see the complete article. 

If you are not a member, please consider joining the East Bay Rental Housing Association today!

 

Membership Benefits
  • Property management advice over the phone or in person
  • Real-time market rent data
  • Tenant screening service (Separate application and report fees)
  • Annually updated legal forms including forms online 24/7
  • Monthly landlord workshops on new laws, rental agreements, security deposits, legal notices, tenancy, rent increases, fair housing, rent and eviction control and more
  • Vendor directory of local businesses that offer exclusive member discounts
  • Annual trade expo and networking mixers
  • Quarterly educational membership meetings
  • Community outreach and education
  • Local and state lobbying
  • An active and growing Industry Legal Fund and Political Action Committee
  • Subscription to Rental Housing and units magazines covering current events, industry information, management, rebate programs and member discounts
  • Membership with the National Apartment Association (NAA), America’s leading advocate for quality rental housing
Annual Membership Dues
  • 1-2 Units = $249.00
  • 3-4 Units = $269.00
  • 5-8 Units = $289.00
  • 9-16 Units = $299.00
  • 17+ Units = $299.00 + $5.00 per Unit

Membership dues are non-refundable, but are tax deductible.  Application Processing Fees are non-refundable and applicable to new members only. 

How to Join
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