Reynolds Realty Advisors

03/10/2022

As you may know, the Los Angeles County Board of Supervisors elected to extend the eviction moratorium as it relates to residential tenancies with the ultimate intention of phasing it out in three stages which would end by June 30, 2023. The vote on January 25 only implemented the first two phases, Phases 1 and 2, which are set to expire at the end of 2022.

If you have rental properties in LA County, know that our team is here to help you understand and navigate these new rules and deadlines.

To get you started, we have put together an explanation of the updates and explore what is changing from the previous rules.

Please check it out and pass it onto any fellow investors or owners in the LA area. >>>

As an update to the Los Angeles County Moratorium, on January 25, 2022, the Los Angeles County Board of Supervisors elected to extend the eviction moratorium as it relates to residential tenancies with the ultimate intention of phasing it out in three stages which would...

02/24/2022

Utility costs are on the rise! ➡️➡️➡️ Here's how you can save:

If utilities are currently included in rent, consider making some upgrades to the units, such as installing low-flow shower heads and energy effect light bulbs. If you are willing to invest a little bit, you can increase your property value and mitigate costs with smart thermostats that allow residents to turn off A/C or heat when they are out and monitor their energy usage. (These devices can help decrease the energy used in each unit by 15-20%)

You can also switch to Renters Utility Billing Service (RUBS.) This is where you, as the landlord, pay the utilities upfront and bill the tenant their portion. Billing amounts may be derived from sub-metering and/or by allocation. This is a way you can insure you break even or make money. It has been found that water usage is cut by up to 80% when the tenants pay for their usage.

02/16/2022

It's not too late to check out our end of 2021 recap and report-- recently featured in Apartment News Publications😁

https://www.aptmags.com/magazines/20220205/ (page 67-68)

02/01/2022

Do you know your options when it comes to commercial leases?

1️⃣ A triple net lease means that in addition to paying the base rent, the tenant is responsible for their proportionate share of property taxes, insurance and common-area expenses for the property.

2️⃣ A full service gross lease is one in which the rent the tenant pays is inclusive of everything, including utilities.

3️⃣ Modified gross leases are in between the precious lease types. Here, the tenant is responsible for paying the rent and utilities and, sometimes, a portion of the common-area expenses.

^^^ These are simple descriptions and are not set in stone. You can always negotiate terms for a specific tenant or situation.

Have questions on what type of lease is right for you? That is what we are here for! Give us a call at 866-613-7772to learn about our leasing and tenant management services!

01/17/2022

Happy tenants, happy YOU 😁

As a full service property management team, we are here, not just to support you, but your tenants too! Learn more about what full service management entails at http://www.reynoldsrealtyadvisors.com/the-benefits-of-a-property-management-team/

01/10/2022

There's no better place to start a new year! We wouldn't trade our sunny SoCal for anything ☀️

A rare cloud in the sky here in Long Beach, where we average 345 sunny days a year! ☀️

📸 :


Visit California

12/24/2021

Wishing you peace, joy, and community this holiday season ❤️

Love, the RRA team

12/22/2021

Do you know how to navigate the laws around emotional support animals? How about families with children or criminal record screening?

Fair housing laws and standards are notoriously tricky and seemingly ever changing. Which is why our team offers full compliance management in all areas of focus including:

> Lease management and tenant notifications
> Fair Housing, ADA, and COVID-19
> Employment Laws
> Payroll and Tax requirements
> City and Build Codes, as well as overall risk mitigation

Visit our website to learn more! http://www.reynoldsrealtyadvisors.com/services/compliance-management/

12/21/2021

If you are looking for more time, less stress, decreased vacancies, and increased NOI, we promise, you will want to check our our most recent blog 😉

➡️ http://www.reynoldsrealtyadvisors.com/the-benefits-of-a-property-management-team/ ⬅️

12/18/2021

Are you sending out year-end surveys? Make sure to check out RRA's Complete Guide to Tenant Satisfaction Surveys for Multi-Family Properties!

Get step-by-step instructions and tips from the pro's on how and when to use surveys at: http://www.reynoldsrealtyadvisors.com/the-complete-guide-to-tenant-satisfaction-surveys-for-multi-family-properties/

12/06/2021

Eight nights, eight lights—an eternity of happiness.

We hope you had a Hanukkah filled with light, love, and peace 🕎

12/03/2021

We had the pleasure of talking with the Apartment Association of Greater Los Angeles yesterday about the state of the economy and multifamily markets in LA and the OC.

If you missed this dynamic presentation, send us a DM so we can get you some of the materials and answer any questions you might have on the state of the SoCal markets!