landlords: What If Tenant Is Not Paying The Last Month Rent? - 03/09/09 01:36 PM
According
to the lease agreement, tenant can not use the deposit as the
last month rent. If tenant insists on not paying for the last
month rent and ask the landlord to deduct the last month rent
from the deposit, you will need to start the eviction process.
Depending
on … (3 comments)
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landlords: Can Not Use Security Deposit As Last Month Rent - 01/14/09 03:17 PM
In
California, tenant can not use the security deposit in lieu of the last
month rent. If
landlord did not receive the last month rent after tenant gives
a 30-day move out notice, landlord need to contact tenant immediately
to collect the rent or serve the "3-Day Notice To Pay Rent … (4 comments)
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landlords: Are You Paying Too Much Property Tax? - 12/10/08 08:33 AM
The recent pullback in market price gives homeowners an opportunity
to ease their property tax squeeze if the property was purchased
after 2003. The deadline for filing "Decline-In-Value Reassessment
Application (Prop. 8) is 12/31/08.
Here
a quick outline on how to lower your property tax:
1.
Contact me to get comps … (2 comments)
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landlords: Rentals with Strong Color Decor - 12/03/08 07:32 PM
It
is always very challenging to rent a house that has red, orange, yellow, green,
blue, lilac or pink wall or carpet. It will take an extra one to two months
to rent those properties and most likely at the lower than market rate.
Here's
the reason why. Let say if … (0 comments)
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landlords: Why Hire An Agent To Rent Your House? - 12/02/08 12:08 PM
Here
are some general
reasons for using agents as a means to procuring tenants:
1. Interviewing prospected tenants can be very frightening especially
for new landlords. Agents do this as a matter of course and can
generally ascertain a lot more information by experience and asking
the right questions.
2.
No … (3 comments)
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landlords: How Much To Charge On Security Deposit? - 11/29/08 10:37 AM
Legal
maximum amount of security deposit that can be charged by a landlord in California
is two months rent. In
reality, deposit amount is charged ranging from $300 to $500 by apartment complexes
and up to 2 months by private landlords.
Due to the current market situation, most landlords lower their … (4 comments)
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landlords: Rent Drops 10% to 20% In One Year - 11/27/08 04:55 PM
This
winter, the market is over saturated with rental properties with 5 times more
inventory than last year. As a result of that, the market rent drops from 10%
to 20% depending on the area.
The
followings are two main reasons why we are experience such a rapid surge of … (4 comments)
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landlords: Rental In Clean Move-in Condition - 11/18/08 07:33 PM
Rental
is like a long-term hotel for renters. It is very important that
the landlords understand this and run it like a hotel business
by making sure the property is in clean and move-in condition.
It
is very difficult to rent a dirty house if the house needs a new
coat … (0 comments)
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landlords: Rental Property Modernization - 10/26/08 08:24 PM
When
travel, do you prefer a hotel with 80's decor or a renovated hotel with modernized
theme?
Undoubtedly,
most travelers prefer a newly renovated one. This is why we often see hotels
spend multi-million dollars on renovation to entice visitors to stay at their
properties.
Rental
properties are like long term … (4 comments)
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landlords: Great Selection of Rentals - 09/20/08 12:33 PM
In
the past years, we are seeing about 10 to 15 properties for
rent per month in Diamond Bar and Chino Hills in the MLS database. As of 09/20/08,
Diamond Bar has 67 properties for rent and Chino Hills has 52 houses for rent
in the local MLS.Why
is it that … (0 comments)
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landlords: Loophole Closed on Capital Gains Exclusion - 08/16/08 04:43 PM
For
investors who move into their investment property in order to claim the $250,000
home sales profit tax-free capital gains exclusion ($500,000 for couple), the
new law passed in July has closed this lucrative tax loophole.Instead
of the old all-or-nothing proposition, under the new Capital Gains Exclusion rule,
the exemption is … (5 comments)
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landlords: Landlord Insurance Vs. Homeowner Policy - 08/08/08 01:01 AM
For
landlords who have homeowner policies for their rental properties, since the needs
of a landlord are different from homeowners, you might like to consider landlord's
policy instead.Both
policies cover dwelling and liability. Homeowner policy covers personal property.
Since a landlord does not live in the rental property, the landlord insurance … (6 comments)
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landlords: Purchase Home Warranty for Rentals - 05/14/08 07:09 PM
Home
warranty covers basic plumbing, electrical, A/C and water heater problems that
are not cover by the homeowner insurance.If
home warranty is purchased for the a rental property, tenant can contact home warranty
company directly for most common household repair. That way, it will reduce the
amount of work involved in … (1 comments)
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landlords: More Rent For My Home? - 04/22/08 08:04 AM
One of the most asked questions from landlord is "Can I get more rent for my home since I have 'so and so' upgrades?" Here's the answer to those questions. In our neighborhood, if your home is located in a multi-million dollar custom home community, you can add about 10% to … (1 comments)
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landlords: Refund of Security Deposit - 04/21/08 09:34 AM
Landlord
may deduct the back rent and cost of fixing damages form your security deposit.
However, landlord can not keep your deposit for normal wear and tear such as worn
carpet & chipped paint.
Landlord
can only deduct the cost of fixing damages that is beyond normal "wear and
tear" such … (4 comments)
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landlords: Cost of Changing Tenants - 04/09/08 06:48 AM
Every
time a tenant move out, it will cost approximately 3 months rent to bring in new
tenants. The cost includes vacancy, advertising cost in securing next tenant and
cost to repair and clean the house in rent ready condition.
Therefore, for long term investment properties, it is best for the … (3 comments)
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landlords: Overpriced Rentals - 04/01/08 04:39 PM
What
happens if a rental is overpriced? Mostly likely 2 things will happen. It
will stay on the market for a long time or it will be rented to someone most landlords
will not consider such as short term renters or people with poor credit.
Therefore,
it is very important to price … (0 comments)
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landlords: When To Put The House On The Market For Rent? - 03/24/08 11:28 PM
After
receiving the move out notice from the tenant, when is the best time to put the
house on the market for rent again?
Since
nowadays
renters have a lot of properties to choose from, the most important thing is to
make sure the house shows well.
If
the house does not show … (1 comments)
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landlords: To Sell Or To Rent - 03/19/08 03:46 PM
With
the rapid decline of property value, some sellers who need to move on with their
life, are considering renting the house instead.It
will take approximately 3 to 6 months to sell a house and about 1 to 2 months
to rent it out.
One
of the most important factors to consider … (2 comments)
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