Sacramento Lakeside Luxury Rental

Property Spotlight: It’s All Love at this Sacramento Lakeside Luxury Rental

Life is sweeter on the water, but better still in this CHBO Certified four-bedroom executive rental in Elk Grove, south of Sacramento. Where gold once brought “49ers” by the thousands, it’s now an area of boom and bust towns, antiques and art, and new residents who want to enjoy California at a discount compared to its Bay Area cousins. Here, there is still a mild climate and farmland in Sacramento Valley that brings fresh and bountiful harvests and high-quality wines. “Gold Country” restaurants and wineries keep racking up awards but they’re not as expensive as Sonoma and Napa wine...

Rentals: Do Not Skip the Property Inspection

Inspecting your property between tenants is crucial if you don’t want to have to pay for damages you discover later. Your tenant signs the lease and without hesitation you hand over the keys with the move-in/inspection checklist. “Get this back to me as soon as you can and let me know if anything is wrong,” you say. Sound familiar? Too many landlords ignore the crucial step of property inspections between tenants. However, the effort to accurately document damages to your property between renters can make recovering repair costs much easier, saving you from having to pay for the damaged item yourself,...

Rental Budgets – What about utility increases?

As you know I am a big fan of “Pride of Ownership” when it comes to rental properties. I have always found that spending the right investments over time to keep properties up to date, fresh and ready to rent DOES pay off in increased rental rates. However, as you are thinking about your 2014 rental budgets and how much you have to invest in your rental properties Don’t Forget to think about the utility increases that will occur this year. According to the Consumer Price Index  in the past 5 years Electricity is up as much as 6.4%,  Gas is up as much as...

#1 Way property owners can protect against losing money $$$

One of things I love about real estate investment is you can protect the property against loss and you can even protect yourself from loss of income – I can’t think of any other investment that can offer these advantages – I recently met these guys at a PREI conference and I thought you property owners would find this interesting and helpful – Kimberly. Insure The Asset, Now Protect the Income You’re a real estate investor; your properties are your assets and every investor from the experienced head of a REIT, to a first time landlord, knows that in...

Friday Night Fraud

Ok, so I tell people about this all the time but then I hear about it happening over and over again. Please take a minute to slow down and think about it before you rent your property on a Friday night for a weekend move-in. Yes they always have a very good story and come from a reputable company and there is a perfectly good reason to move in over the weekend. Then they pay by check and it takes a few days to clear the bank and it never does… it just bounces all the way back. By the end...

Ripped from the Headlines! What To Do with Unruly Tenants

This weekend’s Denver Post reported that a Boulder, Colorado couple was discriminated against by their landlord. The couple was gardening in thong undies and the neighbors were complaining to police of indecent exposure. But the police couldn’t do anything because the couple’s private parts were covered and they were within their legal rights. After police wouldn’t do anything, the community complained to the landlord, who then threatened to evict the couple if they didn’t put on more clothes. The landlord says this is a community issue and it has every right to evict the couple. So this begs the question,...