California to limit security deposits to 1 month’s rent Calif. governor Gavin Newsom signed Assembly Bill 12 by Assemblymember Matt Haney. AB12 goes into effect on July 1, 2024 which will limit security deposits to 1 month’s rent. According to Haney, this would stop the practice among certain landlords to Read more…
Ways Online Rent Payments Benefit Property Management Companies and Residents Save time and money Eliminate time-consuming accounting processes and reduce errors Make more informed business decisions Protect sensitive resident information with more secure systems Promote rent payment accountability Streamline communication and transparency Boost efficiency with automated payments Give residents more Read more…
Ways to avoid renting to problem tenants Collect the right information on tenants applications Use screening Credit check Kong Property Management Group provides property management and leasing services to the greater part of Silicon Valley. We specialize in single-family homes, condos, townhomes, duplexes, as well as apartment buildings. Based in Read more…
How Many Rental Properties Do You Need to Be Able to Retire? Here’s the general formula: The monthly amount needed for retirement ÷ The cash flow per rental property = The number of rental properties you will need Remember: Cash flow = Income – Expenses For example, Kate needs to Read more…
Rental Property Bookkeeping 101 Staying on top of your bookkeeping is the solution to safeguarding your business and maximizing your financial performance. Below are some helpful tips for setting up a solid bookkeeping system for your rental properties. Separate your personal and business accounts Set up individual accounts for each Read more…
How to Avoid Conflict with Tenants Fill Your Rental Unit on Your Terms Thoroughly Review the Lease Agreement Take Photo Evidence Keep All Documents Close Kong Property Management Group provides property management and leasing services to the greater part of Silicon Valley. We specialize in single-family homes, condos, townhomes, duplexes, Read more…
Important Facts About California Landlord-Tenant Law What Can Be Deducted From a Security Deposit in California? Landlords can deduct any unpaid rent. If a tenant or a tenant’s guest damages the property, the landlord can also deduct the cost of repairs from the security deposit. Landlords can’t deduct for ordinary Read more…
Below are the top websites to showcase your vacant property and get as many eyeballs as possible Zillow Realtor.com Trulia Rentals.com Apartments.com avail.co HotPads Doorloop Your Website Kong Property Management Group provides property management and leasing services to the greater part of Silicon Valley. We specialize in single-family homes, condos, Read more…
Hiring a property manager to manage your properties is a good investment if you want to be legally compliant. Below are some examples how a property manager can help you. Lease Agreement Record Keeping Eviction Process Fair Housing Laws Health and Safety Regulations Kong Property Management Group provides property management Read more…
Here’s a list of property managment software that property managers may use to manage your properties. Buildium AppFolio Property Manager Yardi Breeze Rent Manager DoorLoop SimplifyEm Kong Property Management Group provides property management and leasing services to the greater part of Silicon Valley. We specialize in single-family homes, condos, townhomes, Read more…