Welcome!

Posted: 4th January 2012 by Melissa in Uncategorized
 

Welcome to the FBS Rent Sense Blog. We will be posting weekly Rent Sense Articles written by Neil and Chris. These articles can also be seen in major publications such as the San Diego Union Tribune. Our goal is to bring quality information to help counsel those already in or interested in the industry. Check back each week to see what is new and exciting in the Property Management world.

“Nearly half of all the housing in San Diego is offered for rent. This condition has existed locally for decades and will continue for the foreseeable future. It is imperative that rental owners and rental residents respect the other for their important role in the essential segment of our local economy. The more informed each are about their respective rights and responsibilities as well as changes in the marketplace the more realistic are the expectations. That just makes good sense; Rent Sense.” – Neil,  2008

Where your home matters…

Legal Questions Nov 2014 Part 1

Posted: 21st November 2014 by Melissa in Legal Questions
Tags: , ,
 

Kimball,Tirey&St.JohnLLP

Landlord/Tenant Questions & Answers
Ted Kimball, Esq. November, 2014

1.    Question:
Our tenant, who has lived there for more than one year, is on a month-to-month term and the house he is renting has been listed for sale. We understand that when a property is being sold, the 60-day notice of termination of tenancy is not required and that a 30-day notice is permitted once an escrow is opened.  Is that correct?

Answer:
A 30-day notice may be given in these circumstances only: if it is a single family residence, the buyer is going to move in and live there for at least one year, the notice is given within 120 days from the date escrow opens, and the tenant was not already served with a 60-day notice.

2.    Question:
A tenant gave a 30-day notice of move out on the 10th of the month and turned in his keys to the owner 5 days later on the 15th.  Is he still liable for the balance of the rent owed?

Answer:
Yes, the tenant still owes for the 30-day notice period, unless the landlord is able to relet the premises before then. The landlord has to make a diligent effort to relet.

3.    Question:
A husband, wife and three children reside in an apartment. The husband was granted a restraining order, preventing the wife from living in the unit. The wife is now requesting a copy of the lease.  Should we officially remove her name?

Answer:
No, but you should give her a copy of the lease. You should also have a copy of the restraining order and, if accurate, not allow her access to the unit.

4.    Question:
We have served our tenant a 60-day notice of termination of tenancy; however they have quit paying the rent. Now we are preparing to send a 3-day notice to pay rent or quit. What is the next step if they do not pay?

Answer:
If the tenant does not comply with the 3-day notice by paying the rent, you can commence eviction procedures.  If the rent owed is paid, the 60-day notice is still valid unless you asked for rent that goes beyond the 60-day notice period.

5.    Question:
Our tenants were supposed to move out in two weeks.  However, the house they were moving into is not completed and they need to stay for another fifteen days. I have no problem with this, but my question to you is what if they do not vacate on time?

Answer:
You should have them sign an extension of their lease so if they fail to vacate you can proceed with an action for unlawful detainer.

6. When you return a security deposit disposition to the vacating tenant, what is the statute of limitations if they do not agree with the deductions and wish to sue in small claims court?

Answer:
If your rental or lease agreement was in writing, the statute of limitations is four years. If the agreement was verbal, it is two years. The time starts to run from the date of the alleged breach.

7.    Question:
My renter was backing downstairs carrying a 38-pound bag of clothes and fell and broke her wrist.  Can I be sued and a judgment obtained against me?

Answer:
You would only be liable if you were negligent in the way you maintained the stairs and your negligence was a proximate cause of the injury. You should notify your insurance carrier as soon as possible.

 

Mark of Excellence 2014

Posted: 21st November 2014 by Melissa in Uncategorized
 

2014-11-20 20.08.51

2014-11-20 16.00.34 2014-11-20 18.55.49 2014-11-20 19.21.31

 

“Rent Sense” is a syndicated column respected and enjoyed throughout California by independent rental owners, serious real estate investors, industry professionals and savvy renters of choice. In this month’s issue of Apartment Management Magazine Neil Fjellestad and Chris DeMarco discuss why rental ownership is absolutely the investment of choice for individuals that have the stamina and the sense to buy and hold. Long-term rental ownership requires professional management as well. Neil and Chris are teaching what they know from more than four decades of operating rental properties and the real estate related businesses that support quality housing. They still possess the passion that drives their daily involvement with people and property.

apat

Rental Incentives? What is really important?

Posted: 14th November 2014 by Melissa in Rent Sense
Tags: , , ,
 
How important are rental incentives to attracting prospects?
Posted by on in Apartment Leasing

As we know, incentives and special offers from apartment communities have decreased dramatically in recent years. Back in 2009 when the vacancy rate was at a 23-year high, some properties were attracting prospects as well as encouraging current residents to renew their leases with flat-screen TVs, cash, rent cuts and other concessions. A sharp contrast to today as concessions and incentives are nonexistent in some of the hottest rental markets due to high demand for rentals.

After surveying more than 2,500 renters across the country to get a better understand of why they choose to rent, what motivates them to move immediately and what matters most when deciding where to live, Apartments.com found that the renters surveyed are realistic about rental incentive during a time when competition for apartments is still so great.

When asked about the importance of rental incentives in 2014, renters said incentives help motivate, but they’re not a deal breaker for most. Here’s more on what renters said when asked about the importance of rental incentives when deciding on an apartment.

  • Nice to have but not a deal breaker: 33%
  • They’re one of a few key factors in deciding to move or stay put: 28%
  • I haven’t even seen any rental incentives during my apartment search: 20%
  • They’re critically important (make or break): 14%
  • I don’t care about rental incentives at all: 5%

Although rental incentives are few and far between, renters said a discount on rent and more space would motivate them to move immediately to a new apartment.

For more insights on what matters most to renters in 2014, check out the infograph below.

WhyIRent_720_nobranding

FBS VP wins CPM of the Year!!

Posted: 13th November 2014 by Melissa in Rent Sense
Tags: , , ,
 

For Immediate Release – FBS Vice President Lucinda Lilley wins CPM of the Year

The Institute of Real Estate Management (IREM®) was founded in 1933 with Ethics as its cornerstone. IREM® is an international community of 18,000 real estate managers dedicated to ethical business practices, maximizing the value of investment real estate, and promoting superior management through education and information sharing.   CPM® members are recognized as experts in real estate management.

“Being a CPM® is important to me for the benefits my IREM® education affords the clients with whom I work.  As a professional, I realized early in my career, that if I choose to represent other people, it is my responsibility to continue to be as knowledgeable as possible to provide my clients the best representation. “- Lucinda Lilley, CPM®

Lucinda joined FBS in 2012. Since then she has helped build our education department, holds a seat on the Executive Boards of both the Institute of Real Estate Management and the San Diego County Apartment Association, has developed and taught a variety of industry related classes for our employees and for industry professionals  and has expanded the presence of our residential multifamily management within FBS.  Everyone at FBS is honored one of its leaders has received such an impressive award.

The annual IREM® Installation and Awards event is an opportunity to celebrate the outgoing and welcome the incoming Chapter officers and to recognize IREM® members who have epitomized the essence of IREM® membership and provided leadership to the Chapter.

“I am honored that I was chosen for such a prestigious award and feel even more blessed to have been provided this recognition by the 2014 President of our Chapter, Gail Scott, CPM®, Vice President, Lincoln Military Housing.”- Lucinda Lilley, CPM®

This acknowledgement from the real estate community shows the immense steps FBS has taken to promote its employees and their specific talents. FBS has a bright future with leaders like Lucinda.

ll-cpm

 

San Diego Property Management 92106 – Point Loma

Fjellestad, Barrett & Short (FBS) is the San Diego property management company of choice for residential properties, rental homes, condos, townhomes and apartments for rent in Point Loma (92106); Ocean Beach, Sunset Cliffs (92107); or Old Town (92110). FBS fills more residential vacancies, collects more rent and supervises more property maintenance in 92106, 92107 and 92110 than other San Diego property management companies.
Fjellestad, Barrett & Short (FBS) established its complete property management and advisory services in 1972 and has been operating rental properties throughout San Diego for independent rental owners in an exemplary manner that recognizes renters as their preferred customers as well.

The San Diego Better Business Bureau recognizes Fjellestad, Barrett & Short (FBS) as an accredited local business and has awarded FBS an A+ rating. Read a BBB reliability report on Fjellestad. Whether you are an independent rental owner needing property management in San Diego, CA 92106, 92107 or 92110 a renter looking for the best rental housing alternatives within 92106 (Point Loma, Loma Heights, Loma Portal, Fleetridge, La Playa, Shelter Island, Liberty Station); 92107 (Ocean Beach, Sunset Cliffs); or 92110 (Midway, Sports Arena, Bay Park, Old Town, Presidio Park): there is one property manager that stands out – Fjellestad, Barrett & Short (FBS).

These ZIP codes are located at the west end of I-8 and probably epitomize the enduring image of San Diego more than any other: there are its military installations (NTC and MCRD) that have processed thousands of sailors and marines over the years becoming their first introduction to and lasting impression of San Diego. There is our town’s Mexican heritage that is personified in The Presidio Mission and Old Town; historic landmarks that still attract millions of visitors every year. Point Loma is a long peninsula that wraps around the entrance to San Diego’s bay and harbor. This unique sentinel of land has provided a protective gateway (Old Point Loma Lighthouse) and unparalleled vistas (Cabrillo National Monument) for San Diego explorers for hundreds of years.

92106 is generally the bay facing side of Point Loma and includes the neighborhoods of Loma Heights, Loma Portal, (Roseville) Fleetridge, La Playa, Shelter Island and Liberty Station (at the NTC site) which is adjacent to MCRD 92140. Most of these neighborhoods are accessed from Rosecrans Street (State Hwy 209) that winds up to Catalina Blvd and continues to the end of the peninsula. The current population of 92106 is 18,500 (34% renters).

92107 is generally the ocean facing side of the peninsula and usually referred to as Ocean Beach and Sunset Cliffs. Though adjacent to 92106 the vibe is quite different with a more laid back, beach town attitude that is noticeable to most visitors and attractive to many that choose 92107 as their home. Unique features include: Robb field that facilitates soccer, baseball, tennis and a popular dog park; OB Pier which is the longest commercial pier on the west coast; a weekly Farmers Market; annual Chile cook-off, street fair and Christmas parade; there is also Dog Beach which must be experienced to be fully appreciated. The current population of 92107 is 29,000 (63% renters).

92110 is at the west end of I-8 and its neighborhoods are distributed on both sides of the interstate: to the north (Bay Park and neighborhoods near USD) and to the south (Old Town, Presidio Park, the neighborhoods near Midway and the Sports Arena). The benefits to these ZIP code neighborhoods include more accessibility to major local retail, other beach areas, Mission Valley and the rest of the city. The current population of 92110 is 22,600 (56% renters).

Rental options in 92106, 92107 and 92110 include diverse housing alternatives: small apartments, beach cottages, duplexes, spacious individual homes, condo and townhomes, mid-size to very large apartment communities.

2014 Marketing Statistics Infographic

Posted: 10th November 2014 by Melissa in Rent Sense
Tags: ,
 

Companies like FBS work day in and day out to develop marketing strategies that not only lead to new clients but new customers. Those customers are the future residents for our owner clients individual properties. The dual purpose marketing strategy benefits the company as well as our owner clients. With our current marketing strategies online leads have drastically increased and the forecast is only continued growth. You can see that demonstrated below in the attached article about marketing statistics.

Click the link below to view an article about the 2014 Marketing Statistics.

http://www.webdam.com/2014-marketing-statistics-infographic/

More articles to come on the vast efforts FBS puts into marketing for each owner clients best interest!

Mark of Excellence- Meet our Nominees

Posted: 7th November 2014 by Melissa in Uncategorized
Tags: , , ,
 

The San Diego County Apartment Association’s (SDCAA) Mark of Excellence Awards is one of Southern California’s biggest events to recognize excellence and leadership in the rental housing industry. These awards demonstrate characteristics that benchmark success.

The main awards event recognizes individuals and properties that stand out in the areas of leasing, management, resident retention, and maintenance.  With both large and small properties represented, these awards encompass the entire industry as a whole and recognize the best of the best.

This year we are excited to have 7 nominees, three of our employees and four apartment communities.

For the second year in a row senior Property Supervisor, Yvonne Rosas has been nominated for Property Manager of the Year! Yvonne manages over 150 single family homes and condos. She has been with FBS for over 6 years, working in our Del Cerro office.  Our second nominee for Property Manager of the year is Jay Scheinok who has been with FBS over 3 years and has a portfolio of 150 single family homes and condos in the North County.  Our third nominee is Bree Castro; she is a property coordinator and works with Jay in the North County office. Her skills in leasing have shined through this year, thus the nomination for Leasing Professional of the Year. We are also proud of the four Apartment Communities nominated this year.

moe noms

 

Last night we had the pleasure of teaching the students at Cuyamaca College! We had some great discussion about federal, state and local laws that affect property managers on a daily basis.

cuyamaca 008

 

In the San Diego, CA market, new home closings dropped year-over-year in July, but the percentage decline was an improvement from June 2014, suggesting the market may be evening out.

Click here for more!

http://www.builderonline.com/local-housing-data/san-diego-carlsbad-san-marcos-ca?he=9389e149f8857aa1e901344f6efbb573fea6b899