How to Minimize Turnover Costs Minimizing tenant turnover is one of the biggest profit-boosters for rental property owners. Every move-out costs you lost rent, cleaning, repairs, marketing, and leasing time. Here’s a practical, landlord-tested playbook to reduce turnover—and in many cases, avoid it altogether. Start With the Right Tenant (Prevention Read more…
Ways to avoid renting to problem tenants Collect the right information on tenants applications Use screening Credit check Kong Property Management Group provides property management and leasing services to the greater part of Silicon Valley. We specialize in single-family homes, condos, townhomes, duplexes, as well as apartment buildings. Based in Read more…
Does California law limit how much a landlord can charge a tenant for a security deposit? Yes. Under California landlord-tenant laws, a landlord may charge a renter the equivalent of two months’ rent for the security deposit if the residence is unfurnished, and three months’ rent if the residence is Read more…
What’s security deposit Security Deposit is money that a landlord collects from a tenant and holds in case the tenant fails to pay the rent or does not pay for damage the tenant has caused to the rental unit. Security Deposit must be refundable. How landlords May Use Security Deposit Read more…
If tenant’s rental application looks good, the next steps are needed to screen the tenant: Check with current and previous landlords and other references. Take notes of all conversations and keep them on file in case a rejected tenant ever ask why he or she wasn’t chosen or file a Read more…
These are some of the items the owner/property manager should not do to avoid getting into potential problems: Don’t increase the rent in the middle of a lease Owner/property manager may increase the rent with a new lease or renewal. Don’t settle with a tenant with a poor credit score Read more…
You have access to free weekly credit reports from Equifax, Experian and TransUnion during the COVID-19 pandemic. Requesting your free copy of the credit report is a 3 steps process on AnnualCreditReport.com. Your free annual credit report does not include credit scores. Fill out a form Pick the reports you Read more…
Ready to apply for an available property? We have streamlined the process to facilitate providing quality rental properties to qualified applicants as quickly as possible. In order to achieve this, we ask that you submit fully completed applications and provide all of the required documentation and information as accurately as Read more…
Main Qualifications: The credit score must be 650 or higher on our credit report to use that applicant’s income to qualify. Security Deposit. A credit score of 650 or higher is 1 times the monthly rent in security deposit. The security deposit must be paid in order to secure the Read more…