When LBPM took over management of this property in 2010, there were serious issues that needed to be addressed: inadequate reserves, substantial collection problems, contentious board meetings and unfiled tax returns, among other matters. In fact, the association had been unable to reach a quorum for a proper election...
One of the most important steps in managing an income property is properly screening your tenants. We see landlords make this mistake over and over. If someone “seems nice,” they won’t bother checking out their references or looking at their employment or validating their rental history. Those people who...
One thing that LBPM brings to homeowners associations (that very few property management companies actually do) is to ensure that all our property managers and portfolio supervisors are certified. This means they have gone through the rigorous training that is required to get that designation as a certified community...
Adjacent to Cal-State Northridge, Windward Sun has become a model for managing apartment buildings near universities, finding the elusive balance between stable tenancies and the seasonality of college students. Within 20 months of management, LBPM boasted an average annual occupancy rate of 98%, increased gross revenues by 39%, and reduced annual expenses to their lowest levels in 10 years.
Since 2002, LBPM has managed this 58,000-square-foot, 2-story office building in the west San Fernando Valley. After overseeing a refinance and major renovation, LBPM was able to boost rental rates by 28%, allowing our client to enjoy substantial and consistent cash flow with a stabilized tenancy and a low...
In 2009, our client inherited his grandmother’s home in Westlake Village, California. The house needed major improvements, and our client was not able to immediately sell the home due to various tax considerations. LBPM put together an interim rental program to help defray the expenses until the house could...