Lease With a lease, you fix the term of the tenancy which is usually one year but sometimes longer. The following rules apply: You can not raise the rent until the lease expires You can not change other terms of the tenancy You usually can not evict a tenant before Read more…
State law allows a landlord to legally enter rented premises while a tenant is still in residence in the following situations: to make repairs to show property after the tenants has abandoned or moved out of the property with tenant’s permission in case of emergency to conduct a initial move-out 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…
How much can I raise the rent each year? If your rental property is exempt from AB 1482, the maximum rent increase in California to 5% plus CPI, or at 10% (whichever is lower) per a 12 month period. How many times may I increase the rent each year? For Read more…
What is a home warranty? A home warranty is a service contract that pays the cost of repair or replacement of covered items, such as major kitchen appliances, as well as electrical, plumbing, heating and air conditioning systems. Some pros and cons of going with a home warranty Pros A Read more…
Beside this blog, every landlord should also be reading the following property management blogs/news: BiggerPockets With educational resources, property analysis tools, and a community designed to help you conquer the learning curve and get your next deal. apartments.com A collection of articles, videos, and state legal regulations to guide landlords Read more…
Common Repairs Every Landlord Should Prepare For: Water drip from faucets No hot water Water leak under the sink Water leak in the ceiling Bugs and rodents Garbage disposal Fridge or dishwasher not working Toilet leaks or runs Clogged toilets HVAC Furnace repair Kong Property Management Group provides property management Read more…
Buying a a home is often the biggest financial investment you will make in your life time. Below are some of the things you need to do when buying a home. Buy for the long run Focus on what’s important to you Set a budget and stick to it Buy 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…