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Property Management Blog

Tuesday, May 15, 2018

Why Rental Property Inspections are Necessary

Lets start with the types of inspections:

Move-In - This is done on the day of move-in with the tenant present. The tenant is given a Move-In/Move-Out form, also called a MIMO. This form goes room by room and allows the tenant to mark down any existing damage they see that could be deducted from their security deposit at move-out. The tenant is allowed to keep the form for a couple of days to note any additional items that are noticed prior to turning the form in. It is important both the tenant and the property manager keep a copy of this form for the duration of the lease, along with photos to document any damage.  Read More »

Thursday, April 26, 2018

Is Your Dog’s License Current? If Not You Could Be Fined!

You may have known that for sometime (since 1933) the state of California has required that all dogs be licensed within the county they live. But are you aware that your dog needs to be microchipped, neutered (over 4 months of age*), and current with its vaccinations?

If your dog does not meet all the above requirements, then you should know the county of Riverside is handing out fines up to $412 per dog (see actual letter).

Therefore, Wally Drake will be asking all pet owners to provide proof of current licensing. This will ensure that all owners and tenants alike will avoid high fines and unnecessary trouble.

City of Riverside License - Fees for 1 year:

  • Altered Dogs $16
  • Unaltered Dogs $100

There are factors that can reduce your fees:

  • If you are over 60 years old
  • Your dog is a trained service dog

*Special circumstances can provide exemption

  Read More »

Thursday, February 22, 2018

EVERYTHING YOU NEED TO KNOW ABOUT LEASES

Since we require all of our tenants to agree to a lease, sometimes we are asked how important the leasing process really is. We wanted to address all of those concerns up front, so we’ve compiled a list of frequently asked lease questions.   Read More »

Thursday, February 22, 2018

Welcome to our new responsive website

Welcome to the new Wally Drake Website!

Our new website is fully responsive and uses the latest technology, allowing you to have a better browsing experience on any device no matter if it is a desktop, tablet or cellphone!

Why is this a big deal? Well, it allows you to have access to our site anywhere, at any time. Tenants - you will be able to easily find and apply for your next rental home, as well as submit maintenance requests online! For our owners, you will have access to your statements 24/7.

We hope you find the site useful and easy to use!  Read More »

Thursday, February 22, 2018

How to be a good landlord/property manager:

1. Run Your Property Like a Business. Some landlords do a terrible job at running their business. It might be because they see it as a “side-gig” or a hobby” more than a business. However, when you treat your business with the respect, systems, and organization that you would treat any other business venture, amazing things can happen. What contingency plans do you have in place so maintenance concerns can be resolved without your direct involvement (in case you happen to go on vacation the day something major happens)? When you shift your view as a landlord to a “business owner” — and treat your company as such - you will find far greater success.  Read More »

Thursday, February 22, 2018

How to be a good tenant

1. Read your lease. No, seriously read it. It won’t be the most exciting night table material but you’ll thank yourself when you do read it. A lease is a binding legal contract. It creates a binding relationship between you and your landlord. What are you agreeing to? If you don’t understand, ask questions before you sign it.  Read More »