The hard and fast rule of a rental property is to make prospective tenants want to grab yours as soon as they lay eyes on it. To illustrate, let’s consider this scenario. If you stand in front of two rental properties in Burbank: one with a neat, paved walkway to the front door, and another […]
Property Management FAQ
How to Get Rid of Squatters the Legal Way
Squatter problems? We understand. As fun as owning a home in Burbank may sound, it is also a lot of hard work. You are responsible for taking care of the property including maintenance, filing tax papers, registering with the local authorities etc. The list goes on. That’s why most landlords prefer to let out to […]
Straight Talk: Showing a House with Tenants Still There
The Challenge When Stephan Illouz of Los Angeles Property Management Group took on the task of leasing a 4500-square-foot house in Santa Monica, the home’s owner still had family members living there. When she told Stephan the price she expected to fetch for rent—$12,500—he detailed some specific repairs she would need to […]
Buy or Build?
A house is the biggest investment most people make. Most times, buyers in Burbank use up a lot of energy and time in finding or designing the “perfect home” before putting pen to paper on any contract. Price, location, Market trends development, homeowners’ association fees, property tax, and the property status are taken into account […]
How to Save with Rental Property Depreciation
You might have heard of the adage “work smart, not hard”. Smart work pays, and it pays you a lot if you know how to cleverly deal with the IRS (Internal Revenue Service). As a rental property owner in Burbank, your first priority is to make sure you comply with all the property laws and […]
5 Home Repairs To Handle for Your Tenants
As a landlord or property manager in Burbank in you cannot escape from certain home repairs. In fact, maintenance of the rental property, as well as home repairs, are some of the major parts of your work. In some cases, tenants will call you in the middle of the night with a ridiculous request.
