Posts by Ron Sudman

Insurance, Insurance, Insurance! This Landlord’s Insurance agent had him underinsured. There was a fire, and it cost the Landlord $40,000 out of his pocket. Insurance companies have no obligation or liability to keep your coverage adequate. This is a critical topic, and I wholeheartedly believe in discussing it at least once a year. "Why," you […]

Have you ever pondered the possibility of losing your investment property or your cherished home? It's a thought many of us brush aside until faced with unforeseen circumstances. However, life's unpredictability underscores the importance of being prepared. In this newsletter, we delve into five essential strategies aimed at safeguarding your assets and securing your family's […]

Honey, we received the rent payment from our residents. All the bills are paid this month, let’s take the kids and go to Disneyland this weekend.” STOP!  And let’s see if that’s in our rental property plan. Don’t fall into this habit. As landlords, it’s easy to use the money that comes in your rental […]

As of January 1, 2025, several new laws affecting landlords in California have come into effect, aiming to enhance tenant protections and promote transparency in rental practices. Key changes include: Tenant Screening Procedures (AB 2493): Application Fees: Landlords can charge a potential tenant an application screening fee only if they accept applications in the order […]

Vacancies can be stressful, especially with the risk of squatters gaining access to your property. Unfortunately, squatters’ rights can complicate the eviction process, often taking months and incurring significant costs. As a property management company, we’re here to help protect your investments with simple and effective security upgrades: Kwikset SmartKey Locks and PVC pipes for […]

Are you thinking of selling your investment property and cashing out? Before you do, consider the impact on your profits. According to the Riverside County Assessor’s Office, the average home price in Riverside County for 2023 was $615,000. If you sell an investment property at that value and make a profit of $300,000, failing to […]

So, you’ve decided to hire a property management company. Whether it’s because you no longer have the time to manage, you’ve acquired more properties, or you want someone with a little more experience to handle your property, a property manager can likely help you with your problems. Gone are the days where you’re forced to […]

Do landlords in California have to accept Section 8? Yes, landlords do have to accept Section 8. The Section 8 Housing Choice Voucher program, a federally backed program, is a form of government rent assistance. According to the Housing Authority of Riverside County, pre-COVID, the wait list for housing vouchers was 80,000 applicants. As of […]

In the sweltering heat of Southern California, rental property air conditioning maintenance is not just a matter of comfort—it's a critical issue of habitability and resident satisfaction. While there may be debate over who should bear the legal responsibility for maintaining these systems in rental properties, there are compelling reasons why landlords should take the […]

Several measures will be on the November 5th ballot that we as voters need to be aware of, but none will affect Landlords like California Proposition 33, an Extreme Rent Control measure. “Justice for Renters Act” is a measure brought by Michael Weinstein, an anti-housing activist. This measure aims to overturn 1995’s Costa-Hawkins Act, which […]

Investing for your financial future requires more than just finding and purchasing a property at a good price. You did your research and have decided you want to make rental property investing your path to financial security. You’re understandably anxious to find your first property and start collecting rental income. But before you hand over […]

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 […]