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…
Landlord’ing – Are You Ready? Traditionally, real estate has generally been a good investment option for people looking to grow their money. It can generate ongoing income and can be a great long-term investment. If you’re thinking about entering the world of property investment, there are a few things you 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…