Category Archives for Rentals
10 Easy Ways to Spruce Up Your Rental or Rehab
It’s easy to fix up your properties if you have unlimited cash. However, you need to keep your repairs to a minimum to stay profitable. You also need to keep your properties in good shape to attract tenants or buyers. It also has a lot to do with your knowledge of how rental properties work with […]
Continue readingLandlord Legal Issues
As a landlord, you should be aware of some of the legal issues related to leasing properties. Here are a few of them: LEAD-BASED PAINT DISCLOSURE Federal law requires that the lessor (landlord) of any rental property constructed before 1978 disclose the presence of any lead-based paint or hazards known by the lessor and provide […]
Continue readingWhat Can I Do if a Tenant Abandons My Property?
Have you ever had a tenant leave in the middle of the night or the middle of an eviction? Did you ever wonder what to do when the tenant abandons the property? Basically, when a tenant abandons the property, you do not need to file an eviction or wait for the sheriff. You can change the […]
Continue readingDo I Need to Hire a Property Manager?
Let’s say through savvy investing, you have managed to accumulate a portfolio of properties. It doesn’t matter if it’s a large or small portfolio. You may have even tried to self- manage them yourself. Now as you procure more properties you may find you may not be as organized as you once thought and find […]
Continue readingSix Essential Items to Look for in Your Property Management Agreement
Whether it be your first or 10th rental, an apartment house, or commercial property; at some point in time, as your business grows, you will want to hire the services of a professional property management company. When you do, you will be signing some sort of property management agreement with the management company outlining a […]
Continue readingThe Landlord’s Guide to the California Eviction Process by David S. Schonfeld
CALIFORNIA LANDLORD’S GUIDE TO THE EVICTION PROCESS WARNING: The Law Offices of David S. Schonfeld, A Professional Law Corporation is not advising you or giving you specific legal advice and you are ultimately responsible for the proper use of any given form. We only give legal advice to those clients who have retained the firm […]
Continue readingIllegal Discrimination in Housing
You want the best tenants in your property, so you have to be choosey, particular or… dare I say… “discriminatory”! But not all forms of discrimination are illegal. It is illegal discrimination only when you discriminate against people who are a member of a “protected” class. The Fair Housing Act of 1968, as amended, prohibits […]
Continue readingTax Writeoffs on Rental Properties
One of the main reasons people invest in real estate is for the beneficial tax break it provides. The tax breaks are most substantial for middle-income investors who are their own property managers. The value of tax relief depends on your annual income and what type of job you have. Even though the breaks are […]
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