Blog 2017-07-19T07:06:46+00:00

How Rewarding Tenants Pays Dividends to Owners

A great way to add value to a property is by extending good will to your tenants. One way that we do that is by “rewarding” our tenants during annual increases. During annual increases we will look at enhance the unit in a small way. Examples have been a new stove, new range hood, new sink, faucet. We even gave [...]

By | July 19th, 2017|Categories: blog|0 Comments

Video Surveillance Cameras on your Large Apartment Buildings

Many owners ask us whether they should invest in installing video cameras for surveillance of the common areas of their properties. There are two main reasons why we recommend doing so if the owners have the financial means to do so. First, it can help in “he said/she said” litigation when sued by a tenant. About 2 years ago, one [...]

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Requiring Renters’ Insurance for your Apartment Building Tenants

Written into KIG Capital Real Estate’s lease agreements is a provision that advises the Tenant to carry renter’s insurance to protect the tenant from any such loss or damage. A reputable and experienced property management company will often present additional terms that require tenants to obtain renters insurance and that the landlords be named as an “additionally insured” on the [...]

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Managing From Effectiveness, Not Reactiveness in Los Angeles

A recent study by “The Property Management Journal,” found that only 3% of landlords really know how to effectively manage their properties. The other 97% manage by crisis, constantly reacting to problems, rather than planning, acting and taking control for maximum profitability. Management, when handled properly, can be very rewarding and profitable. The effectiveness and profitability of a property relies [...]

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Overview of Earthquake Retrofit Mandate in Los Angeles

On October 2015, the mayor of Los Angeles signed a new law, (ordinance 183893) requiring retrofitting for apartment buildings with underground parking and units built above it. Owners will have one year from the date of issuance to comply with upgrades from the Department of Building and Safety. Within one year, owners must submit proof that either their building does [...]

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Tenants Smoking Marijuana in Your Los Angeles Building

The laws concerning marijuana use vary vastly from city to city and state to state. To complicate matters it is still considered illegal from a federal law perspective. Here in California, however, voters passed the medical marijuana initiative, making it legal for someone with a documented medical justification to consume small amounts of the drug in the privacy of their [...]

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