Property Management – Granada Hills

 GRANADA HILLS PROPERTY MANAGEMENT

How Will Marijuana Legalization Affect Landlords?

Images of long lines of pot buyers snaking outside recreational marijuana shops in Colorado have dominated the news since January 2nd.

Washington state is next at bat, legalizing the consumption and sale of marijuana, with activists in Alaska, Arizona, California, Nevada, Oregon, Maine, Massachusetts, Montana, New York, Rhode Island and Vermont working hard to put their states next on the list.

As marijuana legalization sweeps across the the country, landlords must consider how it will affect their rental properties and leasing practices.

What will you do if pot becomes legal in your state? Can you prohibit marijuana consumption on your rental property?

And if so, what is the most effective way of doing so?

Colorado landlords are already faced with these questions, and the inevitable dilemma of melding pot-smoking tenants with others who see it as a nuisance in both multifamily buildings and single-family neighborhoods.

Marijuana is still illegal at the federal level, so assuming your lease has a provision prohibiting any illegal activity on your property, this could be one route to consider if you wish to nip marijuana consumption in the bud, even in states that have legalized the substance.

But, as more states hop on the legalization bandwagon, the federal government’s response has been hazy at best, and it is may condone pot use in some states.

But don’t fret. It turns out that if you choose to prohibit marijuana consumption in your rentals, your lease is still probably your best weapon.

Theoretically, landlords can prohibit all consumption of marijuana on their property. The challenge though, will be enforcing it when it comes to edibles. But while some people will consume marijuana that way, most people will want to smoke it.

And as a landlord, you can prohibit smoking in your unit. That likely can include smoking marijuana. If you don’t have a smoking ban in place, now is a good time to phase it in.

Regardless of how landlords decide to tackle the issue of marijuana consumption (or not) in their rental properties, it appears this issue is here to stay.

Since 1946 the Carnahan name has had a reputation for honest and ethical Real Estate Property Management services in the San Fernando Valley, Santa Clarita Valley, Burbank/Glendale, Los Angeles, Westside and Conejo Valley areas.

The reason for our success is helping owners like you when they need it. Below is a partial list of property management services we provide to help you protect your real estate investment.

• Tenant placement
• Tenant screening (including: credit check, landlord and employment verification, social security trace report, California eviction check and criminal check)
• Regular property inspections
• Accounting and landlord bill payment
• Monthly financial reporting
• Maintenance service and supervision (we use only proven independent vendors)
• Collections
• Evictions
• We supply all the necessary forms to meet California’s Landlord/Tenant laws
• 24 hour emergency phone service
• Advertising to the broadest tenant base possible

Call or e-mail us today for more information. We’re ready to get started!

• Carnahan Property Management services Woodland Hills,West Hills, Calabasas, Canoga Park, Tarzana, Reseda, Topanga, Encino, Northridge, Van Nuys,North Hills,Chatsworth, Sherman Oaks, Studio City, North Hollywood, West Hollywood, San Fernando Valley, Granada Hills, Mission Hills, Simi Valley, West Lake Village, Agoura,Toluca Lake, Valley Village, Burbank. Call us at (818) 884-1500 and check if we can service your area.