We rented a unit to an L.A. County Sheriff. What could be better – a steady income and a “badge” at the property. Perhaps even free donuts! We were confident that this tenancy would be a long term and fruitful relationship between my client (the Landlord) and the tenant (the Sheriff).
1. I like to think that I am a good judge of character but I’ve been fooled before. Always verify your applicant’s credit, employment and rental history.
Housing stocks have always been an essential part of a well-diversified portfolio, and recent trends confirm that the rental housing market is heating up faster than single-family homes. But let’s face it: Few of us have the stomach for midnight maintenance calls and rowdy tenants, so thankfully there’s another way to play this market: stocks,…
DetailsBy now, I believe you know the basics: a final accounting must be post-marked on or before [21] days after you receive possession of the property from your departing tenant and it must itemize the amount of the deposit you initially collected from your tenant, the amount and the reason you are withholding portions of…
DetailsHave you ever wondered why some property owners/managers require personal information such as credit reports and a personal background check on ALL people over the age of 18 and some don’t require much at all? Why do some landlords require references, personal and past landlord information and even request income verification while others are more…
DetailsLater this year, the drought grippingCaliforniamay finally be somewhat alleviated— according to multiple news outlets. El Niño, the mass of warmer-than-usual water which develops in the Tropical Pacific Ocean, has a 65% chance of
Q: I have several applicants applying for my rental. Do I have to screen everyone the same or can I screen only for credit on some and require a criminal background check on others?
The IRS has just given apartment owners several reasons to contact their accountants. On September 19, 2013, the Internal Revenue Service issued new final Tangible Property Regulations which went into effect for tax years beginning
DetailsIf you own rental property in California, you need to comply with special rules and procedures for vacating tenants. California landlords must provide their tenants with written notice that they’re entitled to request and be present for an initial pre-move inspection. A vacating tenant can decline, but if he accepts that the rental property owner…
DetailsDURING THE APPLICATION PROCESS Give Applicant a Screening Fee Receipt When you accept a screening fee from a prospective tenant, you must provide them with a receipt for those monies. You may either
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