Sonoma County is a unique place in every sense of the word. If we were to carve it right out of the state of California, it could be its own civilization and completely self-sustaining. It has everything you need; agriculture, meat, dairy, wine, and a high rate of employment, particularly in high-paying industries like healthcare and technology.
Most real estate investors acquire rental properties because they want to make money. Not only are you looking for consistent rental income; you also want to increase your ROI. Today we have some tips and tricks that will help you earn more on your investment. The market has a lot to do with what you earn, but there are a few things you can control, and we’re helping you focus on those details.
When you collect a security deposit from your tenant, it’s important to remember that while you’re the person holding the money; it belongs to the tenant until the end of the lease period. You cannot use those funds during the course of the tenancy.
There can be a lot of disputes between landlords and tenants when it comes to property damage and normal wear and tear. When you’re deciding how much of the tenant’s security deposit you’re going to return at the end of the lease period, you’ll have to consider whether you’re charging that tenant for any damage that was left behind.
If you’re going to evict a tenant, it’s likely due to the fact that the tenant isn’t paying rent, and you need to regain possession of the property so you can rent it out to a tenant who will pay rent. There are other good reasons to evict, but this is by far the most common one.
One of the things you count on as a rental property owner is the tenant’s timely payment of rent. This is part of the landlord/tenant contract: you provide a safe and habitable home, and in exchange for that, your tenant pays the agreed upon rental amount every month.