Following the lead of states like Oregon, Texas and Washington, the California state legislature recently passed a law, effective January 1, 2024 that allows accessory dwelling units (ADUs) to be sold or conveyed separately, as condominiums, from the primary residence Read more…
Property taxes can greatly affect your cash flow as a real estate investor. Below is a breakdown of the 10 states with the lowest property taxes in the U.S. Hawaii – 0.27% Alabama – 0.39% Nevada – 0.48% Colorado – Read more…
The following top 10 markets, according to Realtor.com, will be the best places to buy a home in 2024, meaning the ones with the biggest gains in sales and price growth. Toledo, Ohio Oxnard/Thousand Oaks/ Ventura, California Rochester, New York Read more…
Here are a few more reasons why it’s vital to have a preventative property maintenance plan: Increased property value Reduced costs Satisfied residents Fewer surprises Kong Property Management Group provides property management and leasing services to the greater part of Read more…
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 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 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, 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 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 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 Read more…