Today we are talking about how to handle repairs and maintenance on your rental property in Santa Cruz. Property maintenance is very important for your rental home, and not just because it reduces your liability. It’s also important to keep your investment in good shape. You have a lot of money invested in your rental home, so keeping it in the best condition possible is beneficial to you and your bottom line. With this in mind, we take the maintenance of our properties very seriously.
When a tenant needs a minor repair or a maintenance issue taken care of, we ask that they put their request in writing and forward that request to us. If they would prefer to, they can also go online and make a maintenance request that way. It works well for both the property manager and the tenants when requests are documented this way. (more…)
Landlords often want to know what it really costs to have somebody professionally manage their properties. In a previous blog, we discussed the two major types of fees involved in property management. Those are the lease up fee, which is typically either a flat fee or a percentage of the first month’s rent, as well as the ongoing management fee which is also a percentage of the rent that is collected. That should cover all the costs of professional property management, but some companies will charge additional fees for different things. (more…)
Today, everybody is using Craigslist to advertise their properties. Lots of people are going online to list and access rentals. The days of advertising in the local newspaper seem to be over. People are starting their rental search online, and the first place most people go is Craigslist. So, let’s talk about Craigslist for a minute and how you can use it to advertise your rental property. (more…)
Sometimes, in spite of your best efforts, you may wind up in a situation where you have to evict a tenant. Today we are going to talk about what to do if you are faced with that situation, and whether there might be a way out. When a tenant stops paying rent, you need to find out why. Maybe they lost their job, or they’ve had a recent illness or injury that has affected their ability to pay the rent. When you find yourself in that uncomfortable situation that you have to make the decision to move forward with an eviction, prepare yourself to pay costs upwards of $1,500 in the Santa Cruz area. Plus, you will have the lost rent during the eviction process to include in the total expenses involved in an eviction. You might want to consider a negotiation of some sort in lieu of the eviction. (more…)
We are talking today about the importance of setting a pet policy for your rental property. At Real Estate Eight Three One, we work with a lot of landlords who do allow pets because they are pet lovers themselves and they want to attract a broader pool of potential tenants. To get a greater number of potential tenants interested in your property, you should remain open to the idea of allowing pets into your home. (more…)