This article was published in Forbes on June 27th, 2024 by David Crown After being in the business for over 30 years, I’ve seen owners and their property management companies make just about every mistake in the book; I’ve even made half of them myself. Anyone who has experience with management understands just how hard […]
The Challenge Architect and commercial property owner Eric Luk had a decision to make. His five-building commercial complex West Main Place Medical and Professional Plaza was about to lose a major tenant occupying roughly fifteen percent of the complex’s leasable units. In the face of major vacancy, he could either hit the panic button and […]
Smart tech is revolutionizing the way we live, offering convenience, security, and efficiency at our fingertips. As a rental property owner in Los Angeles, California, incorporating these innovations can significantly enhance your property’s appeal and functionality. Not only do these technologies attract tech-savvy tenants, but they also provide practical benefits that make managing your property […]
Six Tips for Collecting Feedback from Renters A key part of operating a successful rental business is to understand your demographic. This means analyzing the competition, collecting feedback, and making ongoing improvements. Maybe your rental unit isn’t doing so well or a multi-family home is leaking money, every business will run into problems. The million-dollar […]
Sustainable practices in property management encompass a broad spectrum of strategies aimed at reducing environmental impact and promoting long-term viability. From energy-efficient building design to waste management initiatives, integrating sustainable practices is a priority! Sustainable building design Using eco-friendly materials such as recycled steel and bamboo, properties can minimize carbon footprint. For instance, buildings certified […]
Be Sensitive, and Be Careful When Dealing With The Death Of A Tenant If there’s one thing most San Fernando Valley landlords and property managers fear to deal with, it is the death of a tenant. Unfortunately, most owners and managers in don’t have a clue how to handle such an event. When you experience […]
Originally Published in Forbes on May 23rd, 2024 by David Crown I was in a meeting with our team leaders this week when someone mentioned that we were bringing back an old weekly newsletter that promotes and celebrates one employee whose work stood out during the week. The last author of the newsletter was one […]
Starting real estate investing is thrilling but can be a lot to take in, especially when looking at the East Coast vs. West Coast. Each area has its pros and cons, like population density, job opportunities, potential rental income, and tax implications. Knowing these differences helps you succeed, get the most from your investment, and […]
The average salary for a property manager in Los Angeles is around $58,970. Being a property manager is certainly a financially-rewarding pursuit, although it comes with its fair share of pressure and responsibilities. Fortunately, a manager can take a share of the load and help you look after all aspects of your property, from finding and […]
