Updated November 2023 In recent years, California has seen significant changes in legislation impacting landlords and rental properties. Since the end of 2019, the state has implemented a series of laws that place restrictions on when, how often, and by how much landlords can raise rents, aiming to address the severe housing shortage and homelessness…Read More
In this week’s episode, Podcast Host, Property Manager & Business Owner, Andrew Schultz, chats about work from home tenants. Does it make more sense to be stricter on wear and tear rules since the majority of the time your tenants are home? Are you afraid you’re too lenient on your tenants that pay rent late?…Read More
Do you have to tell the IRS about income from a rental property? Yes! Even if you only have one property or only do short-term rentals? Yes! The IRS considers income from renting a property as part of your total taxable income. If you don’t report it and they catch on, the financial consequences can…Read More
In this week’s episode, Podcast Host, Property Manager & Business Owner, Andrew Schultz, chats about whether or not there should be limits on a tenancy. How long would you keep a tenant? We get it, musty smells in basements are not ideal. So, what should you do with those unfinished crawl spaces in your property…Read More
There are many reasons to remove a tenant from your rental property, from nonpayment of rent to property damage. When these situations arise, you need a legally sound way to address the issue and remove the tenant from the property. Should you issue a notice to vacate or an eviction letter? These are both legal…Read More
Tenants who always pay their rent on time deserve a boost to their credit score, right? Unfortunately, this doesn’t happen on its own. Although rent makes up a large portion of most tenants’ monthly expenses, only credit-related payments are automatically reported and included in credit score calculations. But this does not include rent. Rent reporting…Read More
Ever wondered, “What is a certificate of occupancy?” It’s like your property’s official stamp of approval, issued by the local building and zoning department. This legal document specifies the approved uses of the property, such as residency or commercial activity, and confirms that the building is suitable and safe for those purposes. As a landlord,…Read More
In this week’s episode, Podcast Host, Property Manager & Business Owner, Andrew Schultz, chats about the necessary steps to ensure that pet odor has been eliminated from a rental property. Sometimes, you’ll come to a rental property that offers oil heat. For those used to gas or electric, this can be, well, scary. Find out…Read More
Are you finding that more people are vying for fewer ideal rental properties? This can be frustrating when you’re looking for a good investment. The best deals are often snatched up by the time you hear about them, or get more expensive as multiple buyers compete for a purchase. If you’re struggling to find a…Read More
Do you want to make more money from your rental property? You can join the new trend of renting it to people who need a place to stay for a short time. These are usually travelers who prefer a homey environment over a traditional hotel. There are currently two big names for listing your property…Read More
