Tuesday, July 23, 2013

Service Animals Q & A

Service Animals


Q: What defines a service animal?

 A: The ADA defines service animals as a guide dog, signal dog, or other animal individually trained to provide assistance to an individual with a disability, including a physical, sensory, psychiatric, intellectual, or other mental disability.

Q: Does a service animal need to have any identifying collar or harness?

A: Although many service animals wear special collars or harnesses, by law they are not required to wear any special identification equipment.

Q: How can I tell if my tenant or applicant requires a service animal.  They do not look disabled to me.

A: When it is not obvious what service an animal provides, only limited inquiries are allowed.  Staff may ask two questions: (1) is the animal a service animal required because of a disability, and (2) what work or task has the animal been trained to perform.  Staff cannot ask about the person's disability, require medical documentation. require a special identification card for the animal, or ask that the animal demonstrate its ability to perform the work or task.

Q: Can I still charge a security deposit for a service animal?

A: No.  "Pet" deposits cannot be charged for service animals.  Nor can you charge "pet rent".

Q: I have a tenant that has a service animal that is never on a leash.  He barks and is disruptive.  He has bitten a member of my staff.  What, if any, recourse do I have?

A: Service animals must be under control of their owners at all times.  If a leash or harness interferes with the animal's work or the individual's disability prevents the use of these devices, the individual still must maintain control through voice, signal or other effective control.  If you have a service animal that is out of control, you can issue a lease violation.

Athena Magruder 
VP Operations
Mission Real Estate & Property Management, Inc.
3600 Pegasus Dr #15 Bakersfield, CA 93308



Friday, July 12, 2013

Thinking about making your home rental or apartments smoke free?



Thinking about making your home rental or apartments smoke free?


A few articles ago I quoted the price of an average 2 bedroom turn at $4,000.  This includes the cost of vendors, replacements, advertising and payroll for the leasing agents.  That cost is multiplied exponentially if your tenant was a heavy smoker.

“To turn the unit, it costs at least 3-4 times more if the person in the unit was a heavy smoker,” says Eric Wiegers, California Apartment Association Senior Vice President Communications.

That is significant.  If you are already looking at a $4,000 bill, tripling that cost will triple the time it takes to realize a return. 

Let’s say you are charging $800 rent on a two bedroom.  For this example, let’s assume that your tenant left your apartment in a reasonable condition and it only costs you $2500 to turn your unit.  At that price it will take you approximately 4 months to see a return on that investment.  If you have a heavy smoker and need to fully restore your unit you are now looking at nearly a full year of rent to recoup your cost.  With the average lease term running 12 months in California, you are turning your units faster than you can realize a return.

So how will you stop the bleeding and increase your NOI?  Many owners are now restricting smoking to the exterior of their units.

Mission Real Estate & Property Management has a lease addendum available that can instruct your tenants regarding a smoking ban within your units.  Call us if you have any questions on transitioning your investment to a non-smoking property.

Athena Magruder
VP Operations
Mission Real Estate & Property Management, Inc.
 3600 Pegasus Dr #15 Bakersfield, CA 93308
(661) 829-7839

Tuesday, July 9, 2013

Bakersfield Rental Demographics

Know your Customer and Know your Price Point

Effectively marketing to your target demographic and knowing if your asking price is reasonable are the keys to properly renting your investment property.  The information below should give you a starting point. For further information or for a property specific quote, please call (661) 829-7839.

Bakersfield Demographics and Average Rental Prices by Neighborhood

Bakersfield Median Age: 32
Bakersfield Median Income: $39,982

Neighborhood            Average Price per Bedroom

42nd St $453
Amberton $375
Artisan $425
Avalon $475
Baker St $333
Belsera $449
Benton Park $342
Brighton $467
Brimhall Estates $467
Campus Park $450
Casa Loma $371
Castle Ranch $360
City in the Hills $500
Country Rose $699
Crystal Ranch $529
CSU Bakersfield $591
Downtown $338
East Ridge $493
East Side $328
Emerald Estates $425
Fruitvale $481
Greenacres $398
Greenfield $358
Haggin Oaks $542
Hampton Woods $517
Hillcrest $387
Homemaker Park $321
Kern City $450
La Cresta $325
Lakeview $275
Laurel Glen $488
Liberty $417
Masterpiece Estates $625
Mobile Town $375
Mondavi $431
Mountain Meadow $524
Oak Ridge $319
Oildale $321
Oleander Sunset $333
Olive Dr $399
Park Stockdale $388
Pheasant Run $431
Polo Grounds $330
Quailwood $376
Rexland Acres $350
Ridgeview Estates $450
Riveroaks $533
Rosedale $449
S. San Lauren $465
Seven Oaks $550
Southern Oaks $450
Spice Tract $399
Stockdale Ranch $508
Stone Creek $492
Stone Meadows $444
Terra Vista $450
Tevis Ranch $445
The Oaks $467
Tyner Ranch $392



Athena Magruder


VP Operations

Mission Real Estate & Property Management, Inc
3600 Pegasus Dr #15 Bakersfield, CA 93308

www.missionre.com

(661) 829-7839

*Pricing information from Trulia.com