Posts by Ron Sudman

California Assembly Bill 12, effective from October 11, 2023, has brought about significant changes. The most notable is the reduction of the maximum security deposit for most residential rentals to one month’s rent, down from the previous allowance of up to two months' rent on vacant properties or three months' rent for furnished units. It's […]

Whether you are looking to rent a home or purchase a new home, considering the schools around your new house is essential especially if you have children. How does the school rate? What do they have to offer your children? Will my child thrive there? All questions run through the minds of parents with school-aged […]

Are you a landlord who robs their piggy bank innocently on your rental property and struggles to have money for repairs or vacancies? That dreaded phone call from Management One, “Hello, we need money for a repair”, and what runs through your mind is “Ugh, there goes my summer vacation”, and “This rental property is […]

Whether you're a seasoned landlord with a diverse portfolio or a first-time property owner, understanding the nuances of landlord insurance is paramount to safeguarding your assets and mitigating financial risks. As the rental market continues to evolve and new challenges emerge, having the right insurance coverage can make all the difference in ensuring your peace […]

Insurance, Insurance, Insurance! If you’ve been around a while, you are probably sick of hearing me talk about insurance and proper coverage. If you’re new here, welcome to the annual insurance service announcement. All joking aside this is a very important topic and I wholeheartedly believe in talking about it at least once a year. […]

"Why do I have to pay for those repairs when the resident moves out?” “Why aren’t they responsible for those repairs?” These questions are ones that we are asked daily by current landlords. And to be honest, it really boils down to what the courts or even the judge on that given day will allow. […]

Every year ushers in a fresh set of regulations for landlords, and 2024 is no different. The upcoming changes encompass various aspects such as Section 8 applicant guidelines, security deposit thresholds, and more. Fortunately, not all these regulations became effective on January 1st, allowing property owners and managers ample time to get ready for these […]

“90% of all millionaires become so through owning real estate." — Andrew Carnegie Those are wise words and lofty goals, but how do individual investors start investing in real estate? For many, rental housing is the simplest route. But that begs the question: multifamily or single-family? To best answer this question, one should consider the “whole” […]

Chances are, you've been receiving those all-important calls from potential tenants, eagerly inquiring about the pet policy for your property. The recent APPA National Pet Owners Survey revealed that 66% of American households own a pet. Among this furry and feathered majority, a staggering 45% are dogs. Drawing from my extensive 35+ years in the property management […]

The temperature is skyrocketing, and just when you least expect it, your worst nightmare becomes a reality – the AC decides to take a vacation! This is no laughing matter in sunny Southern California, where the sun can turn up the heat to a blistering 100 degrees plus during the summer. But hold your phone, […]

Are you a novice landlord, ready to dip your toes into property rental? According to Investopedia on A Quick Guide to Landlord Insurance, “Rookie landlords, renting out a residential property (house, vacation cottage, apartment), may assume that their Homeowners Insurance will cover all the costs in the case of a natural disaster, accident or other […]

Not too long ago, we were talking about how H-O-T the housing market was. Properties were receiving 15 to– 20 offers at a time and were selling at above-asking prices. It was a selling frenzy for landlords and homeowners alike. And then inflation hit with a furry. Rising interest rates and increased commodity prices started […]