Category: Property Management
Fair Market Rent Explained: A Landlord’s Guide to Pricing Your Unit Right
Fair market rent is the cornerstone of successful property management. This guide shows landlords how to use comps, HUD data, and market insights to set rent prices that attract tenants, minimize vacancy, and protect long-term cash flow.
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Good Ethics When Managing Rental Property
Managing rental properties comes with a great deal of responsibility. For landlords, maintaining good ethics is crucial not only for legal compliance but also for fostering a positive relationship with tenants. Ethical management practices lead to happy tenants, fewer disputes, and a better reputation. In this article, we will explore the key aspects of ethical […]
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Security Deposit Guide in California
As a California landlord, understanding landlord-tenant law is crucial to safeguard your interests and investment property. One key aspect of this law is the ability to collect a security deposit from tenants.
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Tips and Tricks on the 5 Phases of Tenancy
The duration of a tenancy can be divided into five major areas. Understanding what is required of the property manager/ landlord at each of these areas can ensure a smooth tenancy with minimum problems. For purposes of this article we have broken down the tenancy into the following five phases: application and screening, the rental agreement or move in process, the duration of tenancy, ending the tenancy, and finally, after possession.
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Pets vs Animals in California and What You Need to Know
When renting a property to a tenant with pets you can pretty much set your own standards. You can ask for pet insurance, charge an additional deposit, require photos of the pet, require current tags, ask for additional pet rent, limit what type of pet’s you allow, you can even exclude pets altogether, etc. With pets the only rules would be yours and the governing parties, as I’m sure a pet alligator won’t fly with animal control or fish and wildlife.
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Rental Property Damages vs Wear and Tear
Your tenant has vacated the property and you know have 21 days to account for the security deposit. The law allows landlords to deduct portions of the security deposit to cover the cost of damages caused by a tenant. Landlords cannot deduct normal wear and tear, or the expected depreciation of a property. E.g.
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