On August 30, 2019, the Governor approved Senate Bill No. 326 (“SB 326”), which amends Civil Code Section 5551 and requires associations to conduct an inspection of their exterior elevated elements (i.e., balconies, decks, patios, stairways, walkways, and their railings) and the associated waterproofing...
SPRINGTIME IS PEST TIME IN SOUTHERN CALIFORNIA Springtime in Southern California signals new beginnings. Seeds sprout, flowers bloom, new creatures are born, and life begins anew. Along with all of this new life comes some more unwelcome activity as critters find their way into...
A community association board consists of volunteers elected to serve on behalf of residents to execute a wide variety of tasks. It’s a big job, but most board members are happy to serve and make the community a great place to call home. The...
As we embark on 2022, LBPM would like to invite you to a complimentary webinar to review the legal updates that affect homeowners associations. LBPM in conjunction with attorney Jeff Beaumont will focus on recent changes and highlight the essential need to know updates...
1) Our owners are aware of what the master insurance policy covers, and what they’re responsible for individually. Board Members are often surprised how many unit owners fail to purchase individual insurance coverage to supplement the HOA’s protection. In studies conducted on condominium associations,...
A reserve study is a detailed report that assists common interest developments (CID) in planning for long-term common area repair and replacement expenses. A CID exists when there is individual ownership of a house or condominium along with the shared ownership or right of...
Of the 74 million people who live in HOAs across the United States, over 14 million are in California? What it is to be a Volunteer Board Member Many people love living in associations because they get the full benefits of using amenities such...
Like the weather, the rental forecast is constantly changing, and staying ahead of the curve means always being in the ‘know-now.’ So, what’s going on with rental marketing trends in 2020 and
Are you a Homeowner’s Association (HOA) in the Greater Los Angeles that’s expanding or experiencing rapid growth? For new and established HOA communities, property management services can boost day-to-day operations as well as overall value for these particular property investments.
It’s the best time of year filled with good tidings and cheer! However, for many property owners and managers, this can be the slowest--and most dangerous--time of year. Not only is ongoing maintenance important through the holiday season, winter safety is a must.
At LBPM, our real estate experts and property management specialists are dedicated to providing quality tenant and vendor experiences that increase the ROI and value of your properties. Whether you’re a residential or commercial property owner, you can count on the LBPM team to...
Owning a commercial property can be effective by diversifying your income and investment portfolio, as well as securing your future. However, you will need a proper commercial property management plan to truly reap these benefits. Otherwise, your real estate investments might not reach full...
With spring just around the corner, it will be summer before we know it. For your HOA or condominium facilities, rising temperatures mean rising energy costs for the months of June, July, and August. We recommend starting to prepare now, so your property remains...
Find The Best Tenants In Los Angeles Ranked as the 8th largest metropolitan city in the world, Los Angeles is infamous for its traffic and celebrated worldwide as the leader of the movie, television, and animation industries. With all of that hustle and bustle,...
Spring cleaning is a tradition that stems back for centuries. The sun shining on our homes has a habit of showing off the dirt and dust, and the warmer weather gives us the motivation to put a special effort into sprucing up our homes....
Are you a property owner in Los Angeles or surrounding areas looking to rent out your homes, apartment or building? If so, then it’s important for you to know all of the local and statewide regulations in place when it comes to managing Los...
Many people choose to invest in property in an HOA for a number of reasons including having access to amenities that they normally could not afford on their own, such as a swimming pool, tennis courts or golf courses. In addition, people like the...
The apartment property management companies can be assigned the task of managing the budgetand all important records of the property.
The apartment property management can take proactive measures to avoid any malpractices in vacant properties, not in the interest of the community and assist the association Board in taking help of the police to curb any crime in the apartment properties or any premises.
The apartment management company is responsible for the physical management of the property including regular maintenance and emergency repairs. When you hire apartment property management professionals, they must see that the general property upkeep is in good condition and habitable for the tenant. The...
When you have understood the tenant responsibilities, then you need to deal with the rent issues which are one of the most common responsibilities of the apartment management companies. For that you must understand those rent control laws and regulations, recent court rulings, and...
An apartment management company is a team of responsible hired persons to handle the daily operations of an apartment complex or buildings. They deal with the apartment property management services as per scope of work entrusted and emoluments agreed to, duties ranging from handling...
Sherman Oaks is an inviting place for property owners as well as tenants for its appealing variety of incredible properties. Managing Sherman Oaks property’s record and maintenance could be difficult and time-consuming, whether it residential or commercial. Hiring a property manager would definitely be...
The Sherman Oaks in California, a real estate market seems quite encouraging now. Its home values have gone up about 5.4% over the past year and predictions are they will rise by 4.7% in 2019. The median price of homes currently listed in Sherman...
LBPM is a premier top rated Property Management Company of Sherman Oaks, located at #4730, Woodman Ave #200, Sherman Oaks, CA 91423, USA. LBPM has been a property management leader in Sherman Oaks, CA for over 30 years. LBPM is the choice of hundreds...
The HOA property management company fulfill all the aspirations of the Homeowner Associations. The individual owners elect or nominate the Homeowners Association (HOA) Board of Directors to serve the community through specific defined rules and regulations. Small associations can manage the affairs of their...
Hiring the most professional, and skilled HOA Management Company is not less than a challenge. You must be busy with your fellow committee to check the best option that can fulfill your needs. Right? The process of hiring an HOA Management company consists of...
There is a general consensus that property management companies are affordable and easy to start. While there may be some truth in that school of thought, we can all agree that starting or even keeping a business successful requires much more than capital. Today,...
In Southern California, There are many real estate investors looking for the best property managers or property management company to manage their Properties such as residential and commercial properties. Real estate property owners are always comparing property management company to one another. Their investments...
Having a commercial real estate property and managing on its own can be disappointing to a financial portfolio. A competent property management company in Los Angeles, CA can add significant value to your investment by employing people with the appropriate management skills and knowledge...
If you own an investment property, managing that property all on your own can be a huge task between trying to find tenants, collecting rents and constantly having to see to repairs and the maintenance of your property. Hiring the right property manager in...
We understand how much it is difficult to perform apartment management duty, especially if you are going to rent your property to the new tenants. There could be many clashes and differences among renters and property owners. However, to avoid all these problems, clashes,...
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...
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...
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...
