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
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
Guest or Tenant? How to Deal with Someone Who Won’t Leave
What happens when somebody pays you to stay in a room short term and then doesn’t want to leave? That happened to one of our clients. She offered a place to stay in her home since hotel rates were so high. The person agreed to pay $600 for the short-term use of a bedroom. NowRead More
Dealing with Malicious Acts by Tenants – a Guide for Property Managers
It’s every property manager’s and property owner’s worst nightmare — when a tenant does malicious damage. This is why it’s important to know what the liabilities are, and what you can do to reduce your risk of a lawsuit. Not only does it allow you to protect your clients by offering sound advice, but itRead More
Choosing The Right Tenants To Avoid Future Lawsuits
Choosing the right tenants is one of the biggest challenges property managers face. When done right, it can significantly minimize your risk of a lawsuit or Errors and Omissions claim down the road. What Makes a Good Tenant? Ideally, your clients (the landlords you manage properties for) are looking for a person who has theRead More
What Can Property Managers Do About Marijuana Cultivation?
Changes in state laws about marijuana use and cultivation means that growing marijuana may become an issue for real estate agents in several states. Recently, CRES Risk Management fielded a call from a client wanting to know how to deal with a marijuana cultivation issue. Our client is a property manager who learned that aRead More
A Property Manager’s Guide to Successful Property Management Agreements
Many real estate professionals have diversified their business models and become involved in real estate property management. This has been an excellent source of revenue for these professionals, whether they act as property managers or landlords. With this diversification has come a learning curve and the use of different forms for risk management. The keyRead More
How to Protect Yourself from a Seller’s Unpermitted Rental Unit During a Sale
Unpermitted rental units and their tenants can pose a risk to real estate agents and brokers. If a buyer can prove that they thought they were purchasing a property that could generate rental income when, in fact, it was an unpermitted rental unit, they can bring a claim against the seller and their agents orRead More
What Happens When Property Managers Aren’t Added to Landlord Insurance Policies?
Are you covered by somebody else’s insurance policy? If you are a property manager, you should be named as an additional insured on all landlords’ insurance policies. Don’t assume that happens automatically, even when it’s stated as a requirement in your client agreement. A CRES client, an agent who is also a property manager, foundRead More
How Does a Property Manager Minimize His or Her Exposure in Landlord Tenant Relations?
With the resurgence of the California real estate market after the “Great Recession” I find that many of my real estate clients have diversified their business and have become involved in real property management. In California, a property manager is a person who takes care of the many aspects of commercial, industrial or residential propertiesRead More