At Real Estate Eight Three One, we take communication with our property owners seriously. We know it has a direct impact on your peace of mind and even your ROI. We also work hard to communicate openly and responsively with tenants, vendors, and everyone in our community and industry.
Rental property inspections are the best tool you have to protect the condition of your investment home and ensure your tenants are following the terms of your lease. Inspections also allow you to check for deferred and unreported damage.
Most property owners know they have to inspect before tenants move in and after tenants move out. These inspections will help you document the condition of your property before and after the residency. While California law is strict about when and how you should enter a tenant’s occupied home, it’s a good idea to get inside at least once during the leasing period for a maintenance walk-through.
There may be reasons to inspect more frequently. If you have a reason to believe your tenant isn’t taking care of the property, or you see something suspicious while driving by the property, you might want to schedule an extra inspection. Otherwise, you want to balance your need to protect your investment against your tenant’s right to privacy and a quiet living environment free from disruptions. (more…)
With tenants moving into your Santa Cruz rental property, you need to make sure the place is clean, welcoming, and functional. Offering tenants an easy and stress-free move-in experience will set a positive and professional tone for the entire tenancy. It’s a great opportunity to establish a great relationship with your residents.
As you put together your move-in checklist, make sure it includes these important items. (more…)
There have been some big changes to California law in terms of the landlord and tenant relationship. Even before the pandemic put a moratorium on evictions, there were rent control rules that grew even stricter throughout the state and new eviction requirements that rental property owners have been struggling to incorporate.
Renting out a property in California is risky. It’s easy to make mistakes, and if you’ve never thought about working with a professional Santa Cruz property management company, this is a good time to consider it. (more…)
Rental property maintenance is rarely something property owners like to talk about. It’s expensive, but it’s also necessary. When you’re renting out a Santa Cruz home, there will be routine and emergency repairs. Part of budgeting and being prepared is putting together a great list of vendors. The professionals you use to complete these repairs should be licensed, insured, and bonded. It’s the only way to protect yourself, your property, and your tenants.
A lot of landlords seem content to hire anyone willing to do the work. It often seems to be the cheaper way out of a maintenance issue. We don’t recommend that. In fact, we strongly caution you against it. This will only invite risk and liability, and it could cost you a lot more than you think you saved. (more…)
Your relationship with the property management company you choose needs to be built on trust, communication, and a shared set of responsibilities and expectations. You’re paying your property managers a monthly fee in exchange for a scope of services. If you feel like those services aren’t being provided or you’re not getting the value that you’re paying for, it may be time to re-think your relationship. (more…)
Insurance is part of your risk management plan when you own investment property in Santa Cruz. Your rental property is most likely one of your most valuable assets and it’s important to protect that investment. Insurance can be confusing, especially if you’re a new investor or you’re renting out a home that you once lived in yourself. (more…)
When you want to protect the condition of your Santa Cruz investment property and work towards retaining great tenants, you have to have a reliable and responsive plan in place to address maintenance requests. Sound maintenance practices not only keep your residents happy and secure, they also protect the condition of your investment. (more…)
Placing well-qualified residents into your Santa Cruz rental property is an essential first step in having a positive and profitable investment experience. Good tenants will pay rent on time, take care of the home, and follow the terms of the lease agreement. They’ll communicate well with you and report maintenance issues in a timely manner. (more…)
This is a mistake. To really protect yourself and your investment property, you need to do a thorough tenant screening which should include verifying income, searching for past evictions and criminal issues, and talking to current and former landlords. (more…)