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Should You Rent Property to Pet Owners?
It’s estimated that about 85 million United States households own some type of pet, about two-thirds of all households. It’s also estimated that about one-third of all U.S. households are renters. Logic follows, then, that these two categories likely significantly intersect. Plenty of renters are also pet owners. The cross-section of pet owners and renters... Read More →
Tips for Choosing the Right Property Manager for Your Rental
Investing in a rental property can be a lucrative venture, but if you manage it yourself it can become a part-time job. Maintaining the property, attracting and screening tenants, and handling the collection of rent are all responsibilities that can’t be ignored and require time. The time involved in managing a rental property is a... Read More →
Rental Property Maintenance Tips for Rental Owners
If you’ve invested in a rental property, especially in a high-demand area such as Santa Clara County, you’ve likely made a considerable investment. In the second quarter of 2022, the average sales price of a home in Santa Clara County was $1.6 million. Sure, the property will generate rental income and will almost certainly continue... Read More →
Important Things that Should Be Included in a Rental Lease Agreement
If you’re a rental property owner, it might be tempting to go online, download a basic lease agreement, and present it whenever you have a new tenant. A basic lease will include the monthly rent amount, the duration of the lease, and generic notations about the security deposit, pets, and maybe late fees. As a... Read More →
Why Inspections Are an Important Part of Property Management
If you’re the owner of a rental property or know someone who is, you might be aware of what a nightmare a bad tenant can be. Some rental owners assume that a tenant who regularly pays rent on time is a good one, only to discover when they move out that they’ve wrecked the place.... Read More →
What Rental Owners Need to Know About Tenant Security Deposits
Believe it or not, one of the most common legal disputes between rental unit owners and tenants occurs over security deposits. There are attorneys who specialize in such cases, and there are even non-profit organizations that champion tenants’ causes over security deposits. If you’re a rental unit owner, the easiest way to stay out of... Read More →
Questions to Ask Before You Hire a Property Manager
Acquiring a rental property might sound like a good way to generate passive income in the form of rent, but how much income you generate – and how passive it really is – can come down to one question: Who is going to manage the property? There are plenty of rental property owners who manage... Read More →
What to Do When Your Tenant Pays Rent Late
If you’re the owner of a rental property, there’s probably nothing that ruffles your feathers as much as when a tenant is late with the rent payment. When your tenants don’t pay on time, it can affect your ability to pay your own obligations on time. As a rental property owner, a single late rental... Read More →
Why Rental Properties Can Be an Excellent Investment
If you’re like most in the U.S. workforce, you have an employer-sponsored retirement account. You contribute a portion of your paycheck toward retirement, and your employer likely matches your contribution up to a certain point. And if you’re like most in the U.S. workforce, you’ve probably asked yourself: “Is it going to be enough?” The... Read More →
5 Ways a Property Manager Makes Your Life Easier
When you’re the owner of a rental property, it can seem as though you have a part-time job. Sure, you’re earning income, but you’re also spending time managing the place. Unless you hire someone else to manage the property, it’s not an entirely passive investment. Hiring a property manager means adding an expense, but is... Read More →