Every investor knows that the most expensive investment properties are found in California. You’re not going to be happy if your primary concern is cash flow. However, if you’re comfortable with modest or even negative cash flow in the short term in order to make major gains in the long term, California is where you want to be.
At Real Estate Connections, we have been in the business of managing properties for decades. Our experience has provided us with a number of unique stories; some of them success stories and some of them tales of how we creatively solved problems. If you’re thinking about hiring us to manage your investment home, we’ll tell you all about the good work we can do on your behalf.
We talk to prospective owners all the time about what we do for our clients and how we expertly manage their properties. If you’re thinking about working with us, we want to begin letting you hear directly from the people that work on our talented and experienced team.
A vacant rental property doesn’t make an owner any money, and that’s why you want to keep your rental home occupied with a good tenant who pays on time and takes care of the home. Vacancies are expensive in the long term as well; your ROI suffers and you never have a chance to earn back the money you’ve lost.
The eviction process in California can be expensive and time-consuming, especially if you’re not sure how to navigate the court system and the legal requirements. We try to avoid eviction with excellent tenant communication and proactive tenant screening. Sometimes, eviction is inevitable, however, and you need to be prepared for it.
Property owners are required to pay for wear and tear on a rental property. During your move-out inspection, you can charge your tenant’s deposit for damage, but wear and tear is on you. So, it’s helpful to know how long you can expect certain functions and items in your home to last.