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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…
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…
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….
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…
If you’re a rental property owner, you expect your unit to be left in the same condition as when the tenant moved in. If you’re a tenant, you expect to receive your entire security deposit back if you’ve kept the place in good shape. Often, however, there are differences of opinion when it comes to…
If you’ve ever merely thought about becoming a real estate investor, it’s likely you’ve heard tenant horror stories. No owner of a rental property wants to learn what it’s like to have tenants from you-know-where. On the flip side, one of the best paths to a profitable rental is to keep it filled with good…
COVID-19, the illness caused by the novel Coronavirus, has disrupted the global economy on a huge scale. In the United States alone, there were more than 3 million new unemployment claims filed in the first week of social-distancing measures enacted by some states. Millions of Americans have been laid off or had their hours or…
If you’re a property owner who leases to others, you will typically charge new tenants an upfront security deposit. Security deposits protect landlords against loss, most often in the form of unpaid rent and damage to the property. If you’re a rental owner in Santa Clara County, where rents are high and the property is…
Being a rental property owner can become a full-time job – especially if you’re managing it on your own. If you own a rental in Santa Clara County where the housing market is doing exceptionally well, you should enlist the help of a local San Jose property management company who can insure that your rental…
Why is screening tenants so important? When you buy a rental property, the only way to make money on your investment is to fill your property with renters. There are plenty of people looking to rent, but finding quality tenants can make a big difference in your return on investment. If you’re a landlord or…