Landlord Insurance Policy – What’s the Right Coverage?

Being a landlord comes with a great deal of responsibility. Not the least of which is to make sure that the property or properties that are owned are insured with the proper insurance policies. There is a multitude of policies available to landlords to protect themselves and their investments. The available insurance policies can be classified in three distinctive categories. There are policies that are essential, meaning they cannot be done without. The second category would be elective, meaning that under certain circumstances these policies would be needed. The third category is expendable, meaning that these policies would be completely up to the discretion of the landlord to take these policies out. [Read more…]

8 Critical Items You Need on a Rental Application Form

For many landlords the process of finding a new tenant is the most problematic aspect of being a landlord. One facet of the process that can be especially unsettling is the rental application process. The rental application process is an area where many do it yourself landlords fall short. Failing in this area can cause a great deal of headaches for the landlord. Many of the failures in this process can be greatly diminished or eliminated altogether with the proper rental application form. [Read more…]

Month to Month Lease – The Good and The Bad

The typical lease term is one year to 3 years; however, there are times, for whatever reason, when a month to month lease is signed.  From the landlord’s perspective, the month to month lease has definite positives as well as negatives. The landlord’s circumstances can vary widely, which is why that there really is no definitive yes or no when it comes to whether or not the month to month lease is appropriate. Each situation must be looked at on a case by case basis to make the determination. Let’s look, from the landlord’s point of view, at the good and the bad, the pros and the cons to better equip the landlord to make a suitable decision. [Read more…]

How to Spot Red Flags in a Tenant Credit Report

With rising eviction rates in many cities the dream of being a landlord can quickly turn into a nightmare. One way to curtail the rising tide of costly and time consuming eviction processes is for the landlord to obtain a credit report for any potential tenant. The tenant credit report provides the landlord with invaluable resources to make the best decision possible in selecting tenants. Interpreting of the available information is critical in the process of leasing any property. [Read more…]

California Security Deposit Laws

Security deposits differ from state to state, however the security deposits laws in California tend to more particular than any other states in the country.   The following topics of security deposit law in California covers the questions: what the security deposit could be used for, what the deposit limitations are,  when you need to return a security deposit, and the typical deposit amounts. [Read more…]