
13 June 2024 | 3 replies
Landlords worry that the security deposits allowed under the bill will not be sufficient to cover these damages.The presence of pets can lead to higher maintenance costs due to wear and tear, noise complaints, and the need for more frequent and thorough cleaning.Financial Implications: The bill prohibits landlords from charging additional rent or security deposits specifically for pets, which landlords argue is necessary to offset the increased risk and maintenance costs associated with allowing pets.Landlords may need to increase their liability insurance coverage to protect against potential issues arising from having pets on the property, which could lead to higher insurance premiums.Key Provisions of AB 2216No Blanket Pet Bans: Landlords can’t have blanket bans on common household pets without valid reasons.No Extra Charges: Landlords can’t charge extra rent or security deposits for pets.Documentation Requirement: Landlords must provide written documentation if they restrict pets for health or safety reasons.Pet Liability Insurance: The bill might require tenants with pets to have pet liability insurance.As always, I’m here to discuss how this might impact us as property managers and landlords.

14 June 2024 | 7 replies
Some loans may have seasoning requirements for the down payment money like you see on conventional loans for primary residences where they need to know where that money was the past couple months.

13 June 2024 | 12 replies
There's no need to use so many loan/lien positions that carry difficulties in structuring and require downpayment/money out of pocket.

13 June 2024 | 5 replies
@Brandon Morgan, most municipalities in this area have a rental ordinance that requires a local property manager.

13 June 2024 | 25 replies
The condo-ing did require condo docs compliant with state laws, containing all the cluses required by law.

13 June 2024 | 0 replies
4) Are there any specific addendums or disclosures required for the solar panels in the rental agreement with the tenants?

13 June 2024 | 8 replies
If you are comfortable with the neighborhood, it comes down to the price and required renovations.

13 June 2024 | 4 replies
With that said, I don't have the 2 years as a salesperson experience required for the Brokers license, but I do have over 8 years in property management experience.

12 June 2024 | 57 replies
Full accounting built-in with QuickBooks Online Sync if needed.

10 June 2024 | 5 replies
Are property managers required to provide leases to property owners in PA?