property management | firsttuesday Journal

Form-of-the-Week: 48-hour Notice of Intent to Enter Dwelling, and Statement of Deficiencies on Joint Pre-Expiration Inspection — Forms 567-2 and 567-3

by Amy Platero | Nov 24, 2023 | Forms, Property Management, Real Estate | 0

A landlord or property manager uses RPI Forms 567-2 and 567-3 to notify the tenant of the hour and date of a pre-expiration inspection, and provide the tenant an itemized list of repairs and cleaning the tenant needs to remedy or eliminate to avoid a deduction of costs from the security deposit

DRE Hot Seat: Failure to disburse trust funds to the owner of funds

by Amy Platero | Aug 4, 2023 | Fundamentals, Licensing and Education, Property Management, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the real estate license of a broker acting as a property manager who collected trust funds on behalf of landlords they represented and failed to disburse the trust funds to the landlords as required.

Reserves and Deposits in the Trust Account

by ft Editorial Staff | Jul 10, 2023 | Feature Articles, Property Management, Video | 0

Covers: A property manager’s proper handling of a trust account to accommodate the flow of property income and expenditures; Start-up fees, cash reserves, security deposits and rents held in a trust fund.

Goodwill is Value Maintained or Lost

by ft Editorial Staff | Jun 30, 2023 | Feature Articles, Property Management, Video | 0

Covers: A property manager’s actions to increase the intangible image – goodwill – of a property; Promptly completing necessary repairs and correctly maintaining a property.

Licensed vs. Unlicensed Property Management Activities

by ft Editorial Staff | May 15, 2023 | Feature Articles, Real Estate, Video | 0

Covers: Distinguishing the property management activities that may be performed by a licensed or unlicensed employee; Activities relating to contacts with the landlord which may only be conducted by a licensed employee; Optional Certified Property Manager (CPM) designation bestowed by a private non-regulatory organization

Form-of-the-Week: Property Management Agreement and Change of Owner or Property Manager — Forms 590 and 554

by Amy Platero | May 11, 2023 | Forms, Property Management, Real Estate | 0

A broker uses RPI Form 590 when entering into a property management agreement with an owner and RPI Form 554 when a change of ownership occurs.

Property Management 101

by Carrie B. Reyes | Jan 23, 2023 | Charts, Feature Articles, Property Management, Real Estate | 1

Read on for a summary of California property management laws and best practices.

Rent collectible under a lease agreement

by Amy Platero | Jan 13, 2023 | Property Management, Real Estate, Recessions | 1

When a tenant commits a material breach of the lease agreement, possession may terminate. However, the landlord’s right to collect rents throughout the term of the lease remains.

Accept partial rent, retain a tenant

by Amy Platero | Dec 5, 2022 | Property Management, Real Estate, Recessions | 2

How a landlord may deal with delinquent rent in recessionary times.

DRE Hot Seat: Broker frauds his landlord client and tenant

by Amy Platero | Sep 30, 2022 | Fundamentals, Licensing and Education, Property Management, Real Estate, Your Practice | 3

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker acting as a property manager who charged the tenant a greater amount than was paid to the landlord.

DRE Hot Seat: Trust funds are held “in trust” and belong to another

by Amy Platero | Sep 1, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker who failed to disburse trust funds to the owner of the funds.

Form-of-the-Week: Work Authorization and Authorization to Provide Services – Forms 108 and 133

by ft Editorial Staff | Jul 20, 2022 | Forms, Real Estate | 0

Agents use RPI Forms 108 and 133 to contract for repairs from a service provider on behalf of an owner.

Form-of-the-Week: Exclusive Authorization to Lease Property and Locate Space — Forms 110 and 111

by ft Editorial Staff | Jun 27, 2022 | Forms, Property Management, Real Estate | 0

A leasing agent uses RPI Forms 110 and 111 to establish the employment between a landlord or tenant and enforce fee collection upon the fulfillment of the client’s objectives.

DRE Hot Seat: Broker engages in trust fund violations and dishonest dealing

by Amy Platero | May 26, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice | 0

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) restricted the California real estate license of a broker who engaged in dishonest dealing with clients, committed trust fund violations and failed to adequately supervise.

May a city enforce a local ordinance preventing residential landlords from demanding an above-market rent increase to gain possession when they are exempt from rent control?

by Kinnedy Kriso | May 16, 2022 | Recent Case Decisions | 0

San Francisco Apartment Association v. City and County of San Francisco

Is an owner who fails to timely assert their ownership of land laying beyond a fence barred from claiming trespass?

by Kinnedy Kriso | May 11, 2022 | Property Management, Recent Case Decisions | 0

Johnson v. Little Rock Ranch, LLC

May the owner of an apartment file an inverse condemnation claim for a taking by a contractor due to a ruptured water line on the property?

by Kinnedy Kriso | Apr 19, 2022 | Real Estate, Recent Case Decisions | 0

Foley Investments, L.P. v. Alisal Water Corporation

Does a local ordinance for commercial property zoning which prohibits short-term occupancies apply to residential properties when rented for a short term?

by Kinnedy Kriso | Apr 11, 2022 | Property Management, Real Estate, Recent Case Decisions | 0

Protect Our Neighborhoods v. City of Palm Springs

Lease agreements and property management forms

by ft Editorial Staff | Apr 5, 2022 | Forms, Property Management, Real Estate, Your Practice | 0

Download real estate forms for all property management situations in California.

Stepping up your modern apartment marketing

by Madison Hart | Feb 21, 2022 | Property Management, Real Estate | 0

This article revolves around property management skills in the age of modern marketing – information that can be useful for both new and experienced landlords.