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 applied if rent is not paid by the noted due date; Always apply…
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 applications, such as Quickbooks, Freshbooks, and Xero, as well as specialty apps such as DIY Landlord…
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 whole, the city or the city or county in…