Blog

Thursday, July 15, 2021

Mike Explains: What Is Included in the HOA Dues?

Imagine, if you will: you find that perfect place and you are ready to make an offer. Then you see the homeowner’s association dues and they seem high. You wonder, what is included in those HOA dues?

One of the most common questions people ask real estate brokers is: What is included in the HOA dues?

HOA dues are periodic assessments, typically monthly, charge... read more >>

Friday, June 18, 2021

Mike Explains: Tenant HOA Violations

Imagine, if you will: you are happily receiving rent every month from the tenants leasing out your Ocean Blvd condo you used to live in. Everything seems great.

Then you receive a violation notice. Turns out your tenants threw a crazy party resulting in various noise violations and complaints.

Now the HOA board is asking YOU to show up to a hearing. After reading more closely you di... read more >>

Wednesday, May 19, 2021

Mike Explains: Return of Tenant Security Deposits

Imagine, if you will. You spent the last month getting this property ready for the new tenants. Not after much work and expense, it’s ready to rent.  To your surprise, you get served to go to small claim's court. But, your old tenants trashed the property, and now want to take you in front of the judge trying to get their security deposit back. Well, you know how they left t... read more >>

Monday, May 3, 2021

Mike Explains: Homeowner's Association

Imagine, if you will: you have a building with over a hundred units, all independently owned. How do you operate that building? Who decides when it gets painted, in what color? Who decides what temperature to have the pool? Some people might want it cold to save money. While some people, who use it more, might want it warmer. Everybody has a different agenda.

So, how can you ever operate ... read more >>

Wednesday, April 14, 2021

Mike Explains: Lockboxes

In real estate, we have everyday situations of granting access to properties with various potential buyers, tenants (some may or may not have agents), and vendors. You need to accommodate different, conflicting times. It can often be too much to meet them all in person every time. Plus, your property is a home that you have entrusted us to take care of.

Luckily, there are tools for that: ... read more >>

Wednesday, March 24, 2021

Mike Explains: Escrow

Imagine, if you will: you're offered $500,000 for a piece of property. You accepted the deal, and then, you told the buyer: "give me the $500,000, and I'll sign over the property." Then, you said: "how about this, you sign over the property, and I'll give you $500,000."

Well, we might be in a standoff, so that's where escrow comes in.

Mike... read more >>

Tuesday, March 2, 2021

Mike Explains: Renter’s Insurance

Let's picture this: Sunday evening, end of a relaxing weekend... And, you get a phone call. Turns out, there's a fire at your rental property.

The good news is: the tenants are OK. You agreed to accommodate them in a hotel. What's not resolved is: who pays for their accommodation for the next six weeks? After all, they just paid for this month's rent.

Most of their f... read more >>

Wednesday, January 13, 2021

Mike Explains: Long Beach Tenant Anti-Harassment Ordinance

Let me paint you a picture: you’ve got these tenants - you know, the ones that you’ve been getting the complaints on from the neighbors, the ones where the cops keep coming out to the property - those tenants. They’re no longer paying you rent and maybe because of AB-3088 or whatever reason you go by the property to see what’s happening because you haven’t heard fr... read more >>

Friday, December 11, 2020

Mike Explains: AB-3088 (COVID-19 Tenant Relief Act of 2020)

There are more rules and regulations for landlords than ever before. At the Mike Dunfee Group, we manage several hundred properties and do a good job at staying compliant with the new rules and regulations. These rules are always changing and there is a big one in this age of COVID that all California landlords should be aware of: 

On August 31st, 2020, the COVID-19 Tenant Relief Act... read more >>

Wednesday, December 4, 2019

Which properties are “Exempt” under California Statewide Rent Control, AB-1482?

Single family residences including condos are exempt from California Statewide Rent Control, AB-1482, if:

  • Proper notice of exemption is given to the tenants and;
  • Owner is not a Real Estate Investment Trust, Corporation, or LLC where an owner is a Corporation.

Other Exemptions include:

  • Housing with a certificate of occupancy issued withi... read more >>

Showing 11- 20 of 21