by Erika Luitjens | Apr 28, 2015 | Remote Control Landlord, RMC Chapter 6, Uncategorized
Rent payments are cash flow. Any interruption of that income stream could have dire consequences. The good news is, you can take some simple steps to protect yourself. Always include a clause in your rental agreement clearly noting the monetary penalty amount...
by Erika Luitjens | Apr 28, 2015 | Money management, Remote Control Landlord, RMC Chapter 6, Uncategorized
Don’t let yourself get swallowed up in the financial details of property management. Follow these guidelines to maximize your income potential and minimize your tax bill. Embrace Your Inner Geek Landlord Ther are many effective and inexpensive online bookkeeping...
by Erika Luitjens | Apr 28, 2015 | Money management, Property Management, Remote Control Landlord, RMC Chapter 6
California law limits you to asking a maximum of two months’ rent if the apartment is unfurnished. If the apartment is furnished, however, you can request up to three months’ rent. While there are certain security deposit rules that govern the state of California as a...
by Erika Luitjens | Apr 2, 2015 | Property Management, Remote Control Landlord, RMC Chapter 5
Sellers of real property must disclose known defects and deficiencies in the property—including earthquake weaknesses and hazards—to prospective buyers in accordance with Civil Code, Section 1102. The California Seismic Safety Commission has developed the following 2...
by Erika Luitjens | Apr 2, 2015 | Property Management, Remote Control Landlord, RMC Chapter 5
A good time to inspect an individual rental unit is the sooner of once a year or whenever a tenant moves out, whichever comes first. This inspection should include checking: smoke detectors and carbon monoxide detectors – ensure there are fresh, new batteries in...
by Erika Luitjens | Apr 2, 2015 | Acquiring Tenants, Marketing, Property Management, Remote Control Landlord, RMC Chapter 4
Due diligence on prospective tenants is a good investment of your time. Go beyond the credit report and the usual references. Make sure that your property manager performs a thorough background check on all prospective tenants. More important than talking to the...
