A good residential property manager is aware of the legal requirements that California has put in place, both those that protect tenants and those that protect landlords. While many choose to have one of the local residential property management companies handle their Humboldt rentals, others prefer to rent the property out themselves.
If you choose to handle the renting out of your property, keep these 6 common mistakes in mind:
- Not completing background checks for renters or checking references. This is one of the most crucial aspects to finding the right tenant. Getting each applicant’s background checked is key, as is verifying their employment or income. Especially if you live in a different area than the rental property, vetting applicants for suitability can save you hassle down the road.
- Failure to address unpaid rent or waiving breaches of the rental agreement. Addressing these issues can be time consuming and frustrating, but if you waive breaches of the agreement or unpaid rent, it sets a dangerous precedent. You also may be unable to collect back rent or compensation for the breach if you waive these issues.
- Using a generic rental agreement. Cookie-cutter rental agreements are fairly cheap and easy to find, but they aren’t very comprehensive. They also aren’t specific to your rental property, and may not comply with California law (as different states have different rental laws).
- Not complying with eviction laws. Each state lays out how a landlord may evict a tenant and for what reasons, and not following these guidelines can result in a lawsuit and lost rental income. Tenants are typically given 30 to 60 days to leave a residential property under normal circumstances. But a landlord is only required to give three days notice if the tenant fails to pay rent, violates the rental agreement or a number of other factors set by California law. The notice you provide the tenant must also include the state required information on the reason for eviction along with landlord contact information.
- Ignoring maintenance issues. Landlords are responsible for certain amounts of maintenance, as outlined by California law. Tenants are also responsible for some maintenance, including repairing any damage they cause. Knowing the difference and responding in an appropriate amount of time will avoid legal action and keep your rental in good condition longer.
- Only inspecting properties after a serious problem is reported. Regular inspections for Humboldt rentals can help you identify maintenance issues and other potential problems before they become anything major. If a serious problem has been reported to you by local authorities or the tenant, there is probably a lot that has gone wrong over a period of time. Make sure to give the proper amount of notice to your tenant before coming by for any repairs or inspections.
Landlords don’t have to do it themselves. Real Property Management Humboldt in Eureka CA works with property owners to ensure their investments are well taken care of and handles rent collection, background checks for renters, eviction proceedings when necessary and other rental property matters. Get the most out of your investment — both in time and money.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.