LAPMG Articles

insurance paperwork and laptop

Top Insurance Policies Every Property Owner in Los Angeles Should Consider

If you own income property in Los Angeles, congratulations! You’re officially part landlord, part diplomat, part firefighter, and part therapist. From tenant disputes that resemble reality TV episodes to mysterious leaks that somehow defy the laws of physics, you’ve seen it all. But amidst the chaos, one thing you don’t want to skip is proper […]

calculator money coins and cash for budgeting.

Budgeting for Property Repairs and Upkeep: A Guide for Los Angeles Income Property Owners

Owning income property in Los Angeles offers lucrative investment potential, but one key to long-term success is effective budgeting for property repairs and upkeep. With the city’s diverse range of property types and unique climate factors, property owners must adopt a strategic approach to ensure their investment retains its value and continues to generate income. […]

tools on a table

Is It Time for a Renovation? A Property Owner’s Guide to Upgrading Wisely

As a property owner, one of the biggest decisions you’ll face is whether it’s time to renovate or upgrade your property. Whether you own a residential home, a rental unit, or a commercial building, maintaining and improving your property is key to preserving its value, functionality, and appeal. But how do you know when it’s […]

tenants

How to Handle Tenant Complaints with Professionalism

Managing rental properties involves much more than collecting rent and maintaining the premises. One of the most crucial aspects of property management is addressing tenant complaints with professionalism. Whether the issue is minor or severe, how you handle it can impact tenant satisfaction, lease renewals, and even your reputation as a landlord or property manager. […]

cozy bedroom in rented home

The Secret Lives of Rentals: Investigating the History of Your Rented Home

Every home has a history, including your rental house. The history of your rented home can reveal fascinating facts about its past, such as former owners and architectural changes. Regardless of whether you live in an old brownstone, a mid-century apartment complex, or a newer rental, the walls do have stories to share. Learning them […]

people meeting at table.

The Benefits of Hiring a Property Management Company vs. DIY Management

Owning rental property can be a lucrative investment, but managing it effectively requires time, effort, and expertise. Property owners face an important decision: should they manage the property themselves or hire a professional property management company? While DIY management may seem like a cost-saving option, a property management company offers a range of advantages that […]

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 […]