A very attractive feature of investing in rental properties is that the demand never ends. People always need a place to live, so you know that real estate is an investment that will last. The first thing you have to do is a plan. There are a ton of different rental properties out there. You… [Continue Reading]
Overview of California Security Deposit Laws
Many landlords in Temecula, California require their tenants to pay a security deposit before they move in. It’s a one-time, refundable fee and is usually equivalent to the rent of one month. So, why do landlords require it? They require it for various reasons. Generally speaking, it helps in protecting them against financial ruin. The… [Continue Reading]
Inspections: What to Look For
Performing property inspections is an important part of being a landlord because you want to keep your investment in great shape. Lack of regular maintenance to your property could endanger its value. Even if you have a good tenant, routine inspections can help prevent big problems down the road. So property inspections are vital, they… [Continue Reading]
Reduce Vacancies
It is in your best interest to minimize the number of vacancies in your properties. You need to avoid vacancies, because if a tenant isn’t paying rent then you are not receiving cash flow and you have to pay for the property’s monthly expenses. Ultimately you are losing money. You want to fill vacancies fast… [Continue Reading]
Move-In and Move-Out Checklist for Landlords
Are you ready to rent out your property to a new tenant? We strongly suggest that you provide your new tenant with a move-in & move-out checklist. This is a way to keep track of your rental property’s condition. When the tenant moves out the checklist will help you check for damage beyond normal wear and… [Continue Reading]
Property Damage vs. Normal Wear & Tear
Do you know how to determine what are real damages v.s what is normal wear and tear? There is a fine line between what is actual damage and what is normal wear and tear. It takes a little bit of experience to distinguish damages and wear & tear. If not done properly it can cause… [Continue Reading]