Security Deposits
Posted by Thomas Spear on Feb 27, 2012 in Articles, Blog | 0 comments
In assessing a security deposit, how do you know how much to return (Landlord) and/or expect (Tenant)? While there are laws and guidelines concerning the return and application, many of the issues are a matter of opinion. A Landlord must allow for reasonable “wear and tear” and a tenant must pay for ‘damages’. What a professional property management company should do is to begin the tenancy with a detailed inspection with the tenant. This inspection should be comprehensive and in writing. Before a tenant moves out, this document should be reviewed with another physical inspection wherein both the Tenant and Landlord are present. This will help eliminate many of the dissention that often occurs in this process. There are many other questions surrounding this most sensitive issue that will be the addressed in later blogs.
How do you handle this process? What are your experiences with Landlords and Tenants? Please share your experiences and thoughts.
Energy Retrofits
Posted by Thomas Spear on Feb 15, 2012 in Articles, Blog | 0 comments
In managing your properties it is very important to keep up on the myriad of energy savings programs available. They might be from any of your utility providers including; DWP, So Cal Edison, San Diego Gas & Electric, and any municipal utility provider. Most programs have a specific time frame, item (lights, water) and dollar amount related to them. It is easy to find your utilities’ web sites and all the information will be posted there. Many will provide you a regular update and notice to your respective emails. These programs not only benefit the environment, but also add to the efficiency and effectiveness of utility use and bottom line dollars to owner possibly through their professional residential or commercial managers.
Here is a sample LADWP Newsletter:
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