Property Management Blog

It’s tax season! And as a landlord, you have an obligation under federal law to report all your rental income when filing tax returns. The Internal Revenue Service defines a rental income as any payment received in exchange for occupation of a property. The rental income isn’t only limited to the monthly rental payments. ...

Have you ever dealt with water damage in your rental home? If you have, you know that it's expensive and a hassle! So, as a landlord, you want to try to avoid this issue.Even small water leaks can lead to water damage that ruin your walls, floors and furniture. Water leaks can also have a serious impact on your roof and plumbing ...

If you want to increase the attractiveness of your rental property, don’t forget about curb appeal!You may have the best furnishings and well-designed rooms, but if your curb appeal fails to draw attention and create a great first impression, you may not attract prospective tenants.Curb appeal doesn’t have to be expensive or t...

A great way to reduce heavy repair expenses is to incorporate regular inspections for your Torrance rental units. Spotting minor issues and taking prompt action will equate to lower repair fees. Conducting regular inspections will make you more trustworthy in the eyes of your tenants. The more habitable your Torrance rental home is, ...

As a property owner, it’s crucial that you craft a lease agreement.Before leasing your property to a tenant, you want to ensure that you have an explicit lease agreement that states the responsibilities of both parties, as well as the policies, clauses, and disclosures governing their relationship. It will also be used as a referenc...

Torrance is a city in the South Bay of Los Angeles. It’s known for its cultural and ethnic diversity.There are many reasons that people love to live in this part of Southern California. Its beautiful beaches, delicious eateries, cafes and bars, and great markets are some of them!Torrance also offers a wide range of public attraction...

Are you looking to relocate? Consider Torrance, California.Compared to other cities in the State, Torrance offers a laid-back vibe that people are naturally drawn to. Whether you love to hop between craft breweries, shop around or dine at delicious restaurants, Torrance has it all. There are so many things to do!And, we can’t f...

When you have a rental vacancy, you naturally want to find tenants quickly to continue earning your passive income from your investment. But before arranging the property showings and advertising on different platforms, you need ensure your unit is rent-ready.When your rental space isn’t ready yet, prospects will be disappointed whe...

Americans love pets. According to the American Pet Products Association, about 70% of American households own at least one pet. That said, not all California landlords allow pets in their Torrance, Lomita or other California rental properties. Pets can scratch the floors, stain carpets, cause noise complaints, and chew up applia...

Being a landlord can be incredibly rewarding. Not only will you be able to diversify your investment portfolio, but you’ll also have another stream of income. However, converting your home into a rental property does require knowledge of certain things. That’s because renting out a home because it won't sell or you wa...