LAPMG Articles

tax document and calculator

Tax Deductions for Rental Property Owners: A Guide to Maximizing Savings

Owning rental property can be a lucrative investment, but it also comes with a range of expenses. Fortunately, the U.S. tax code offers several deductions that can help rental property owners reduce their taxable income. Understanding these tax deductions can significantly improve your return on investment and ensure you’re not overpaying on taxes. Here’s a […]

roommates trying to spot and avoid properties designed to exploit tenants

How to Spot and Avoid Properties Designed to Exploit Tenants

Finding a rental property can be stressful, especially when landlords and property managers take advantage of tenants. You must spot and avoid properties designed to exploit tenants to protect yourself. These properties often have hidden fees, poor maintenance, and unfair lease terms. Knowing the signs of a bad rental will help you make a smarter […]

Virtual vs. In-Person Property Showings: Which Is Right for Your Sale?

Selling a property involves many decisions, and how you showcase it is one of the most important. Modern technology offers sellers two main options: virtual showings or in-person showings. Each option has unique advantages and challenges, and the right choice depends on factors like your goals, property type, and the preferences of potential buyers. Evaluating […]

Property Safety Inspection Checklist for Agents & Owners

  With the devstating wildfires across our beloved city, our minds and hearts have been most concerned with safety. We wanted to take this time to pass around a streamlined version of our safety inspection checklist for agents and owners to use during property inspections. This is a curated list agents we know have used […]

A Brass statue representing the legal essentials every property manager must include

Legal Essentials Every Property Manager Must Include

Property managers face a maze of rules and obligations. Legal missteps can harm your reputation and bottom line. Mastering the legal essentials, every property manager must include empowers you to protect clients, tenants, and yourself. The key lies in proactivity. Don’t skim; engage with these principles. Understand how these essentials align with effective property management […]

Couple during a property showing.

How to Handle Difficult Questions During Property Showings

Navigating property showings requires preparation and adaptability. Buyers often ask challenging questions, and handling them well can shape their impression of the property. To successfully handle difficult questions during property showings, you must combine professionalism, market knowledge, and communication skills. Being proactive rather than reactive ensures you stay ahead of potential concerns. If you’re managing […]

keys in a hand

Top 10 Qualities of a Great Property Manager

Managing a property is no small task. From handling tenant concerns to maintaining the property and ensuring profitability, property managers wear many hats. A great property manager stands out not only for their ability to juggle these responsibilities but for the specific qualities they bring to the role. Here are the top 10 qualities that […]

Handing over keys to a new tenant to a new home symbolizes the start of a new lease and the importance of setting competitive rental rates to attract a renter.

How to Set Competitive Rental Rates

Setting competitive rental rates is crucial for landlords who want to attract tenants while maximizing their investment returns. In a competitive rental market, pricing your property correctly can mean the difference between a vacant unit and a fully occupied one. Whether you’re renting a single-family home, apartment, or commercial space, understanding how to set the […]

Creating Practical and Attractive Shared Spaces for Co-living Tenants

A shortage of homes to buy means that renters make up the majority of households in Los Angeles County. With rising costs and a limited supply of properties, Census Bureau data also reveals that in the Los Angeles Metro area almost 50% of adults are saving money by sharing their home with other family members or roommates.  […]