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 […]
Property Management FAQ
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.
What Does the Tenant Eviction Process Really Cost You?
Tenant eviction happens. It is one reality that every landlord and property manager in Burbank must face. No doubt, no landlord or property manager wants to go through this process. However, circumstances can force you to take action to evict a tenant. If you have been through this experience, you will know how it feels. […]
Seven Ways a Property Management Company Can Maximize Your Real Estate Investment Benefits
As an investor considering venturing into real estate in Burbank, the first question that comes to mind is: what are the benefits of investing in real estate? Buying and selling real estate provides most investors with the opportunity to build wealth and secure long-term financial stability.
