Property Management News
Do Landlords Have To Accept Emotional Support Animals in California?
Most pet owners consider view their companion animal as a family member and wouldn’t even consider renting an apartment that prohibits pets. Of course, for landlords, there are positives to establishing a pet-friendly property. Charging a higher rent and non-refundable pet fees, plus pet owners are more likely to stay in the rented property longer,…
Read MoreBenefits of Choosing a Family-led Property Management Firm
Benefits of Choosing a Family-led Property Management Firm In the ever-evolving world of real estate, property management has evolved into a fundamental component, assuring the upkeep of properties, the satisfaction of tenants, and a lucrative investment for property owners. While the property management sector is teeming with corporate behemoths, a notable trend is emerging –…
Read MoreEnsuring Smooth Tenant Relations and Profitable Building Management
In the world of property management, there are two overarching goals: fostering positive tenant relationships and ensuring the financial success of the property. Although these objectives are separate, they are intricately linked. A property that is well-maintained and has contented tenants often translates into a financially rewarding investment. Let’s explore the strategies that can simultaneously…
Read MoreOverseas Investors’ Choice for LA Residential Real Estate Management
Navigating Success: Why Overseas Investors Choose LA Residential Real Estate Management Firms The allure of Los Angeles’ residential real estate has captured the attention of investors worldwide. Its dynamic market, promising returns, and the city’s perpetual appeal make it a hotspot for investment. However, the geographical distance poses unique challenges for overseas investors, making the…
Read MoreHow Extensive Are Background Checks for Apartments in LA?
Los Angeles, with its vibrant culture, diverse neighborhoods, and countless opportunities, is a sought-after destination for renters seeking to call the City of Angels their home. However, gaining access to the perfect apartment in this bustling metropolis often entails navigating a thorough and rigorous application process, which includes conducting a background check. In this article,…
Read MoreWhat to Expect from a Property Management Company: 8 Benefits for Rental Property Owners
You’re eyeing that charming duplex in San Francisco, or perhaps you’re thinking about investing in a trendy loft apartment in Los Angeles. It sounds like an exciting venture, right? But the thought of managing a rental property, with all its day-to-day responsibilities, might be a bit daunting. Don’t worry, you’re not alone, and more importantly,…
Read MoreLA moratorium to go, but “just cause” eviction rules to come
Ari Chazanas, president of Lotus West Properties was featured in an interview with the Real Deal discussing the new Los Angeles eviction moratorium. Read the article by Andrew Asch For Los Angeles landlords, the hard work is just beginning. After more than two years of the Los Angeles eviction moratorium, landlords had to be satisfied…
Read MoreThe Status of Rent Increases in California
The Status of Rent Increases in California Landlords and property owners who had a difficult time navigating through the pandemic and the rent moratoriums imposed upon them for the past two years may finally be getting some relief as rent increases are now allowed to proceed once again under multiple state and local laws of…
Read MoreHow Eliminating 1031 Exchanges Could Affect Property Owners And Tenants
Ari Chazanas Forbes Councils MemberForbes Business CouncilCOUNCIL POST| Membership (Fee-Based)Small Business Forbes Article: https://www.forbes.com/sites/forbesbusinesscouncil/2021/12/28/how-eliminating-1031-exchanges-could-affect-property-owners-and-tenants/?utm_content=192661657&utm_medium=social&utm_source=linkedin&hss_channel=lcp-27064223&sh=614baf32516a Ari Chazanas is the Founder and CEO of Lotus West Properties, a property management and investment firm based in West Los Angeles. Eliminating 1031 like-kind exchanges could not only create havoc with property owners and landlords, but it could also impact…
Read MoreEven in a hot market, L.A. won’t allow rent hikes for most tenants until 2023
LA Times Article: https://www.latimes.com/homeless-housing/story/2022-01-03/even-in-hot-market-most-l-a-tenants-wont-face-rent-increases-for-at-least-another-year BY LIAM DILLONSTAFF WRITERJAN. 3, 2022 5 AM PT After seven months of a global pandemic spent in a cramped one-bedroom apartment, Jacob Guardado and his roommate decided to make a move. They found a Studio City two-bedroom in October 2020 for $1,975 a month — a few hundred dollars more…
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