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 Can a Property Manager Minimize 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
How to Prevent a Department of Fair Employment and Housing (DFEH) Complaint
California’s Department of Fair Employment and Housing (DFEH) maintains the authority to investigate complaints of discrimination in the areas of employment, housing, public accommodations and hate violence. Many persons believe they have been treated unfairly or harassed in employment opportunities, in renting or purchasing a home, or in receiving service in a business establishment. TheRead More
The Law Regarding Service and Companion Animals
Health care practitioners for years have documented evidence that animals, particularly dogs can benefit impaired people. Examples are seeing-eye dogs, dogs for the hearing impaired and most recently, “companion” dogs that provide therapeutic benefits to people who are emotionally or mentally impaired. Service dogs versus companion dogs Service dogs provide specific tasks for their owners.Read More
Abandoned Renter Property
In Colorado, professional property managers are required to have a real estate license. Colo. Rev. Stat. § 12-61-101(2)(a)&(b); see also CP 27 (Commission Position on the Performance of Residential Leasing Property Management Functions Adopted August 1998 – Revised August 2013). Brokers acting as property managers find themselves in unique situations, often times facing a dilemmaRead More
Property Management Companies and Security Deposits
In recent months, I have handled an increasing number of risk management inquiries for real estate agents and brokers who are property managers for property owners who rent out residential properties. The most common disagreement between landlords and tenants for years has been over the refund of the tenant’s security deposit after the tenant hasRead More