Planning on Getting Started as A Real Estate Investor but Don’t Know Where to Start? Click Here

So, you’ve been thinking about getting started in Real Estate investing but don’t know where to start.

The good news is that you’ve come to the right place.

In this article, we will provide you with several tips you can use to successfully get started as a Real Estate investor regardless if you plan on investing in San Diego, Las Vegas or Phoenix Real Estate.

Tips #1 – Start Small in The Beginning

Sadly, many investors get started in real estate investing by purchasing more than one rental property at once and they are not ready with the responsibilities which come with managing multiple rentals.

This is why you should start small at first because starting small and building your portfolio or rental properties over time will give you the ability to make small mistakes and learn from them rather than having to deal with multiple mistakes which can come with managing multiple rental properties.

Tip #2 – Choose Properties That Are in In Demand Locations

You’ve heard the old phrase “location, location, location” when it comes to buying Real Estate for your primary residence right? The same can be said about investing in rental properties.

Location is important because tenants know what they want and they will be more inclined to rent a property that meets criteria that they are looking for.

Some of the most common criteria that tenants are looking for in a rental property include:

  • Bedrooms/bathrooms – Most renters are looking for rental properties that have a minimum of 2 bedrooms and 2 bathrooms.
  • Square feet – Every renter wants to rent a property that offers them plenty of square feet so it’s important to find a viable rental property that offers renters plenty of space for them to enjoy.
  • Location – Although some tenants want to live close to downtown, others want to be near the beach of enjoy the quiet solitude of the suburbs. Regardless of where your rental is located, don’t forget to highlight every aspect of its location.
  • Amenities – It doesn’t matter if the property is a single-family home, condo or town home, it has to have great amenities that tenants will want.

Tip #3 – Hire A Property Management Company

Last of all, but most important, the most important thing that you want to do when getting started as a Real Estate investor is to hire a property management company.

At GoldenWest Management we make owning rental properties easy and will save you the time, money and hassle of having to manage your rental property yourself.

To learn more about the services we can offer you contact us today at (866) 545-5303 or click here to connect with us online.

Do San Diego Renters Have The Right To Withhold Rent? Yes or No?

San Diego Renters

 

By Goldenwest Property Management

SAN DIEGO, CA. – As a longtime property management company in San Diego, one of the most common questions that we’ve had from landlords over the years is do tenants have the right to withhold rent?

The answer to this question is “yes and no” – as most things, it depends on the situation.

Tenants are entitled to a property that meets their basic health, structural and safety standards. If the Landlord fails to maintain “habitable” living conditions, the Tenant has the right to withhold rent, among other legal remedies. But the issue in question must be one of habitability or the Tenant can’t withhold rent.

Examples of non-habitability are: a broken heater, mold, toilets not working, or a leaking roof.

In these cases, the tenant has the right do the following:

  • Withhold rent until repairs are made.
  • Pay for any or all repairs themselves then deduct the cost of those repairs from their rent. This is also called repair and deduct.
  • Contact local building health inspectors or state officials to inform them about the poor condition of their rental property.

The Tenant may issue the Landlord a notice to cure, in which the Landlord has a set period of days to remedy the issue or the Tenant has the right to break the lease without penalty.

Tenants Have Rights to a Livable Premises

Review California statutes (Civil Code § 1941.1 and § 1941.3) which states landlords are legally required to offer their tenants what can be considered a habitable or livable premises. Every rental property in California must have the following:

  • Effective weather protection and waterproofing for the roof, exterior walls, Windows, doors and any entry point into the rental property.
  • Functioning heating, plumbing and electrical facilities.
  • A sanitary building that’s also clean and free from garbage, rubbish, rodents, vermin and filth (this is intentionally vague, so make sure you have photos of your property at move-in)
  • Deadbolt locks on the doors and lockable windows.
  • No hazards from lead paint.
  • No dangers to human life, mental health or offensive/of noxious behavior on the premises.

Tenants Do Have Responsibilities Too In California

Although tenants have the right to withhold rent from a landlord who fails to properly fix issues on their rental property, tenants in are required to hold up their fair share of maintenance and responsibilities which may include:

  • Keeping the rental property clean and sanitary at all times.
  • Disposing of garbage or rubbish from the premises.
  • Properly using gas, electrical and plumbing on premises.
  • Not destroying or willfully wrecking one or more parts of the rental property.

Get California Property Management

The law is not exact, it’s often ambiguous with cases law findings across the board. If you don’t have experience dealing with these types of situations, then maybe you should think of hiring someone who does.

Save time and money on property management by contacting the team of property management professionals at Goldenwest today by clicking here to contact us online, or calling us at (858) 792-3442.