Contact Sales

Menu

Property Management Blog

Person writing notes

Palm Springs Property Management and Tax Deductions [A Guide for Landlords]

Real estate investors need a firm understanding of rental property and business taxes to maximize returns. When preparing for the next tax season, keeping track of revenue and expenses should be part of your year-round processes.  Some rental expenses can become valuable deductions to boost the benefits of a real estate investment property. Our Palm Springs property management professionals put together some tips below to help landlords maximize every deduction every year at tax time! Read below, and make sure you have an excellent record-keeping system in place for your rentals. Understanding What You Can Deduct When you receive rental income from a rental unit, such as a home, apartment, or another dwelling, rental expenses may reduce the profit in your pocket throughout the year. However, certain rental costs help reduce your tax liability at the end of the year and boost your returns. Knowing what you can (and can’t) deduct keeps you compliant with

Learn More
Elderly woman holding on handrail in toilet

How Should Landlords Handle Reasonable Accommodation in Palm Springs?

Do you have an understanding of what reasonable accommodation includes for your tenants? As a landlord in Palm Springs CA, it’s critical to follow the law and navigate your responsibilities when a tenant asks for a modification to help them with daily life in your property.  However, rental property owners also have rights when reviewing a request and coming up with a solution. Whether a resident asks for handrailings in the bathroom or an adjustment to the lease to work with their schedule of disability payments, you must accommodate tenants to a reasonable extent. Ignoring a request or choosing a solution that doesn’t adequately help your resident can be a costly mistake! Our Palm Springs property management professionals have some insights to help. Defining Reasonable Accommodation A reasonable accommodation is a request made by a resident with a disability as allowed by law. Real estate investors must provide housing that complies with ADA (Americans with Disabilities Act)

Learn More
Young businessman holding white house layout and looking at camera while standing in park

5 Ways Palm Springs Property Management Supports Rental Owners

Sometimes there’s a misconception that a property manager “takes over” a rental in a way that leaves a rental owner without any control over the property, tenants, or income. If you’ve ever had questions about property management because turning your investments over to strangers triggers fear of losing control, we hope to quell those fears today!  The right Palm Palm Springs property management company supports rental property owners with expert services that maximize returns. However, a property manager never takes ownership of your rentals or leaves you out of the loop when operating the property. Check out five critical ways that real estate investors receive crucial support from expert rental managers for more success! Property Managers Are the Resources Owners Need for Success The best property management companies in Palm Springs, California, have experienced staff handling every aspect of a rental. This includes marketing, tenant screening, lease agreements, maintenance, and more! When handling a rental on your own becomes

Learn More
Cropped view of businessman touching roof of house model near stacked coins

Property Management Insights for Shorter Vacancy Cycles: Palm Springs

For a rental property investor, occupied rentals are critical to success. Owning an investment property (or several rentals) won’t build long-term income without quality tenants in place to pay the rent!  However, when rentals experience long vacancy cycles, investors lose money and can’t sustain consistent cash flow for emergency repairs or ongoing expenses. How can Palm Springs property owners achieve shorter vacancy cycles (and maximize returns)? Check out these insights from expert Coachella Valley property managers! What Are “Shorter” Vacancy Cycles? How long is your average vacancy? If you’re not sure, it’s time to take a look at that metric. Whether it’s two weeks—or two months—investors need to know that timeframe to analyze ROI and target a potential area for income loss.  Reducing vacancy times means finding new tenants more quickly or keeping current residents for more than one lease term. With fewer empty days on the rental market, landlords enjoy more income and shorter vacancy cycles!

Learn More
Businessman looking through binocular

What Do Investors Need In the Best Palm Springs Property Manager?

Updated February 3, 2022 Hiring a property manager can seem like an overwhelming process. The Palm Springs area has several companies to choose from, and it can be challenging to know which property management team is the best for your needs. A property manager’s tasks and functions include marketing vacant houses, tenant screening, collecting rent, handling repairs and maintenance, and issuing lease agreements. While some companies will offer similar services, property management companies are not equal in the quality of services they offer. The right Palm Springs CA property management company delivers the best strategies and services to maximize your returns. Here are some of the critical things investors should look for to hire the right company. Proficient Use of Property Management Technology The ideal property management company will have the latest software and technology to optimize operations and offer owners and tenants many advantages. Property owners should work with property managers that offer an owner portal where they can access financial

Learn More
Businessman typing on laptop keyboard

How Palm Springs Landlords Should Deal With Professional Tenants

For a property owner in Palm Springs, California, dealing with a professional tenant can be one of the biggest challenges. Allowing these residents into your residential property can result in a waste of both time and money while creating ongoing headaches.  What do real estate investors need to know about these difficult renters? Our Palm Springs property management team has provided helpful information on how landlords can identify and stay clear of professional tenants. We also deliver some insights into what to do if you’ve made a mistake and currently have one of these terrible residents in your property! Who is a Professional Tenant? Professional tenants, also known as serial squatters, are renters that know how to exploit loopholes in rental laws and lease agreements to take advantage of rental property owners. For example, a professional tenant can create maintenance issues and use them to dodge your efforts to collect rent. They also know how to extend the duration needed

Learn More
Writing note showing Common Mistakes Motivational Call

How to Avoid 3 Common DIY Palm Springs Landlord Mistakes

If you plan to get into the investment property industry or you already own a few properties for rent in Palm Springs, avoiding mistakes is a critical part of maximizing your returns! Mistakes associated with real estate investment properties can be pretty unforgiving (and costly), but you don’t have to figure out what pitfalls to avoid on your own! We’re here to help! We’ve seen a lot of mistakes (and applied a lot of solutions) as full-service property managers. Check out these expert Palm Springs CA property management insights to watch out for common residential property owner mistakes (and learn what to do if you make one)! Costly Mistake #1: Failing to Apply Tenant Screening Have you ever been in a hurry to find a tenant and skipped the screening process? While we hope they turned out to be a good renter, property owners risk making a significant mistake when not applying a thorough tenant

Learn More
Coins in soil with young plants

How to Build a Profitable Portfolio: Palm Springs Property Management

We often work with investors who enjoy the income from one Palm Springs rental property so much that they want to generate more income with more rentals! However, without the right strategies and support, replicating success across multiple properties can be challenging.  The process of acquiring new investment properties requires thorough research to ensure that you are getting a property with excellent potential. After buying new rentals, investors must manage them to success! For property owners, this can require extensive amounts of time to make sure every property (and tenant) receives the attention they need.  Building a real estate investment portfolio is easier (and more profitable) with a Palm Springs property management company! Here’s why. They Know How to Select Properties that Perform Well The success of your portfolio starts by finding excellent properties. If you’re not familiar with what to look for in a good property or where to find the best investments in Palm Springs, it’s

Learn More
African american and caucasian businessmen shaking hands over

Dealing with Difficult Tenants: Palm Springs Property Management Tips

Owning investment properties in Palm Springs means plenty of challenges for property investors—and tenants can often be the biggest challenges of them all.  Although every property owner may create a rigorous screening process for all potential tenants, bad tenants can still be an issue from time to time. In some cases, good renters turn into challenging residents during the lease term. How can investors deal with difficult tenants? Try these tips from our expert Palm Springs property management team! What Are Difficult Tenants? Your screening process may help you recognize the signs of a potentially bad renter. Still, investors need to be prepared to deal with difficult tenants and situations that can develop despite a careful selection process.  Difficult tenants cause problems with other residents or Palm Springs neighbors, don’t bother to pay the rent on time (or at all), and sometimes cause property damage. You might have a renter who calls with frequent complaints and never seems

Learn More
Poolside and lit interior

4 Questions to Ask About Hiring a Palm Springs Property Manager

Like other investments, a rental property needs to be managed effectively to maximize investor returns. If your goal is a “passive” way to invest and enjoy the income, have you considered a property manager?  Leaving property management to professionals is the best way to maximize returns and enjoy investment income without doing the work yourself! Is it time to hire a Palm Springs property management company? Ask yourself these four questions to make the best decision about professional management or handling rentals on your own! 1. How Available Are You? If you live close to your rentals or in the Palm Springs area, you may be able to manage it yourself. However, if you live nearby but are busy with work or other obligations, a property management company could be the best solution to free up some of your time. Long-distance investors who choose Palm Springs often find it difficult to manage their rentals effectively. Unless you have

Learn More

Search Blog

Subscribe Newsletter

Get instant blog update right into your mail box

    Most Popular

    Looking for More Information?

    Sign up for our newsletter with helpful tips for landlords!

    Looking for More Information?


      Thank you! You will receive an email once every two weeks with helpful tips. If you’re looking for specific information, check out our blog.