Property Management

hands holding a set of keys

Foreclosures with Tenants — How to Comply with the Law and Minimize Your Risk of a Lawsuit

The National Multifamily Housing Council estimates that around 43 million households or 109 million people are renters in the United States. So it’s likely that  at some stage as a real estate professional, you will come across foreclosure sales with tenants.  Foreclosure sales with tenants are not as straightforward as regular listings. Real estate agentsRead More

group of condo rentals surrounded by palm trees

Property Managers: Rental Scams and How To Avoid Them

Fraudsters are unfortunately taking full advantage of the COVID-19 pandemic. As a real estate professional, you need to keep on top of rental scams and take action to protect your listings. Failure to do so can result in serious consequences for your real estate business and your clients. Common Rental Scams When Your Listings GetRead More

man fixing broken solar panel on house

Property Managers: How to Handle Broken Solar on Rental Property

Many homeowners are seeing benefits from installing solar, but does it make sense to add solar panels to a rental unit? Property owners need to consider different options for solar (leased, purchased, community). If they buy, they need to factor in maintenance and upgrades. They also need to think about the upfront cost compared toRead More

Two story house in neighborhood with sunset

CRES Risk Management Webinar: How to Reduce Property Management Risks in a COVID World

Like many other industries, real estate has been significantly affected by COVID-19. Property management is one area in particular, which is experiencing much pandemic-related change. There’s no doubt the risks are much greater in this current environment, and lawsuits are on the rise.  For many property managers, keeping on top of COVID-related laws and restrictionsRead More

man pulling empty pockets out of shorts

Tenants Who Cannot Pay Due to COVID-19

The impact of COVID-19 on the world economy is unprecedented. GDP has dropped some 4.8% for the first quarter of 2020, the stock market has taken a hit, businesses are suffering and laying off staff, and unemployment has risen. Those most vulnerable — low-wage employees who don’t get paid if they don’t work — areRead More

jeans pocket with $50 bill sticking out

How to Avoid Income Discrimination Lawsuits as a Property Manager

Property managers need to be especially aware of income discrimination situations, especially with new laws in California about rent control and source of income issues. (Be sure to check on specific laws about income discrimination in your state.)  Have you ever had a potential tenant that you worried couldn’t make the rent? How can youRead More

man getting punched by woman with boxing glove on

What Can Property Managers Do When Roommates Fight?

Tenants in different rental units don’t always get along, and sometimes tenant roommates have conflicts as well. Disputes can lead to noise complaints, destruction of property, and physical violence. What’s a property manager to do?  Are Property Managers Their Tenants’ Keeper? Recently, a CRES client called the CRES ClaimPrevent® Hotline, wondering what he should doRead More

man and daughter with flag in front of house

Military Lease Termination: What Property Managers Need to Know

Property managers may be faced with tenants who want to terminate a lease before it expires for a number of reasons. Leases exist for a reason and have regulations about how they can be ended, but what happens when the tenant is a military member?  Recently we talked to a CRES client who’s a propertyRead More

for rent sign in front of house

The Best Way for Property Managers to Reject Applicants

Part of your job as a property manager is screening potential new tenants. The screening process you use and the way you reject applicants can get you in trouble if you aren’t careful. It’s important to understand the Fair Housing Act and other federal and state laws related to renting and discrimination. Under the Act,Read More

garage full of abandoned tenants property

What to Do with a Tenant’s Abandoned Property

Landlords and property managers know that when tenants leave, they don’t always take all their things with them. Recently a client asked our risk management legal advisory team whether they could get rid of personal property a tenant left behind when they moved out. 3 Steps to Dealing with a Tenant’s Abandoned Property Whether theRead More

You can give your home sellers their own E&O coverage when you provide a CRES Qualified Home Warranty from Old Repu… https://t.co/lxU1eo4vPh It’s nice to close and be done with a sale, but what if there are post-closing issues? See what responsibilities y… https://t.co/wyGzQhDLRx