Summer 2021 Owner Newsletter
Summer 2021 Owner Newsletter
4120 Atlantic Ave.
Long Beach, CA 90807
(562) 989-9835

DRE License #01251870
Holiday Hours
In observance of the following holidays, our office will be closed on:

4th of July
Monday, July 5

Labor Day
Monday, September 6
Fraudulent Documents on the Rise
by Jarai Jackson, Assistant to Leasing Coordinator
 
Throughout this COVID-19 pandemic, we have noticed an increase in fraudulent documents being submitted. The most common documents that are frequently falsified are bank statements and pay stubs. This could be because they are easily found online in the form of a template or for purchase.  As a result of this, we introduced some effective steps in the Leasing Department to make sure we are effectively distinguishing between the fraudulent and non-fraudulent documents. Extra precaution is taken when we see the following examples:
  • Company address is displayed as a P.O. Box on a pay stub
  • Misspelled/numerical errors are very common on both pay stubs and bank statements
  • Sick Pay information is not listed or calculations are not consistent with pay stubs (this applies to California employers only)
  • Alignment of numbers on bank statements are slightly off (manually inputted numbers that do not match existing numbers on the document)

During these unprecedented times, landlords need to be extra vigilant on who is chosen as a tenant. Therefore, the extra time spent reviewing and researching documents when processing applications will help to ensure that all information provided by applicants is real and accurate.
Carpet & Paint Lifespan -
“When is it appropriate to charge the tenant?”
By Adriana Delgado, Property Supervisor

Lifespans of both carpet and paint are used solely for security deduction purposes and do not have a required replacement date.  

The deductible lifespan for carpet is 5 years. If a tenant has outlived this period during their tenancy, and the carpet must be replaced at the time of move out due to damage or severe dirt, they cannot be charged for any costs related to the replacement of the carpet. However, if they have lived in the property for less than 5 years, you can charge a prorated amount based on the years they occupied the unit/property.
 
The same principle applies to painting. However, painting has a lifespan of 3 years. One thing to keep in mind with paint is that if a tenant has outlived the 3 year lifespan, but they painted the unit/property a different color – the prep-prime paint charges CAN be applied towards their deductions.
Summer Heat and A/C
By Ariana Hernandez, Maintenance Coordinator

We can’t complain much about California weather - but when summer comes along and we get those heat waves, A/C repairs become the number one maintenance request. Due to high requests, vendors get booked quickly and repairs take longer than usual. There are many occasions where vendors are not available until 1- 2 weeks after a work order request has been made. Before the summer heatwave hits us, it would be ideal to reach out to your property supervisor to discuss a possible A/C inspection. Tenants will be happy and grateful that they won’t have to deal with a hot home for a long period of time.
Coronavirus Disease (COVID-19) Resources