Costs That Landlords Don’t Notice They’re Accruing
When it comes to rental property ownership, there are a lot of benefits. Once you have identified some quality tenants, you can enjoy consistency in income, tax benefits, and the property can serve as a shield against economic shocks. What is not as often discussed are the troubles that come with property management. One significant issue is rental costs. As you plan, calculate, and record your monthly income, you will find that a substantial portion is spent on costs and expenses. And while they might fluctuate monthly, you can find yourself …
Continue Reading...End of Tenancy Cleaning
One of the main responsibilities in property management is handling disputes and managing expectations from your tenants. Even with the most comprehensive lease agreement and the ideal tenant, this cannot be avoided. Major disputes that you should be ready to handle are those surrounding the security deposit and the condition of the property at the end of the lease. At the end of a lease, both the tenant and landlord may have differing views on the level of cleanliness and the tenant’s responsibility. Action Properties has several years of ex…
Continue Reading...California Landlord Insurance
Purchasing real estate in California can be a great investment. The Golden State is a great place to live and to visit. This makes it the perfect area to invest in both short and long-term rental properties. Plus, with its healthy rental market, you can rest assured that your investment will pay off in no time. However, it’s important to note that there are many risks associated with owning a rental property, from missed payments to property damage beyond normal wear and tear. While a solid lease agreement and a thorough tenant screening proce…
Continue Reading...What Exactly is “Normal Wear and Tear”?
What exactly constitutes "normal wear and tear" in rental properties? As landlords, navigating the nuances of property management can sometimes feel like deciphering a cryptic code. Fear not, fellow property aficionados, for clarity is on the horizon! In this article, we'll embark on a journey to demystify this elusive concept, shedding light on what constitutes ordinary wear and tear versus tenant-inflicted damage. So, grab your magnifying glass and join me in unraveling this enigma, because understanding normal wear and tear is key to mainta…
Continue Reading...Guide to Making a Solid Lease Agreement For Your Rental Property
Are you tired of dealing with disputes and uncertainties with your rental agreements? Wondering how to craft a lease agreement that stands the test of time and ensures a smooth landlord-tenant relationship? If so, look no further than this comprehensive guide to making a solid lease agreement for your rental property. As a landlord, your peace of mind and the stability of your rental business rely heavily on the strength of your lease agreements. In this comprehensive guide, we'll explore everything you need to know to create a robust lease ag…
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