Things That Can Kill Rental Property Profits
Are you thinking about buying a rental property in the Central Valley? If so, even though an investment property will help you to generate passive income, the reality is that there are five things that can kill your rental property profits. 1. Maintenance Understand that when you own a property, there is an obligation on…
Read MoreReasons Why Proof of Income Is Critical for Landlords
If you own rental properties in the Central Valley, or elsewhere in the United States, you know that proof of income is a critical piece of information to verify when screening tenants. Checking a tenant’s proof of income will protect you from losing money especially if a tenant suddenly cannot afford to pay their rent.…
Read MoreWhat Is the Rental Affordability Act?
There’s no doubt that the rental market in California has been hit hard over the last 2 years with that 2018 attempt to repeal Costa Hawkins, state-wide rent control, Coronavirus, and now another attempt to repeal Costa Hawkins with the Rental Affordability Act. What is the Rental Affordability Act? It’s the latest bill by lawmakers…
Read MoreDo Your Renters Have Active Renters Insurance Policies?
At RPM Central Valley, one of the most important things that we encourage landlords to do every single year is to check in with their tenants to make sure that they have active renter’s insurance policies. Renters insurance is important because, it protects the tenant’s possessions if there’s a flood, fire, or “Act of God”…
Read MoreEmergency Preparedness Tips for Landlords
One thing that coronavirus has highlighted is the importance of landlords having an emergency plan in place that will enable them to deal with disasters at their rental properties. It doesn’t matter if you’ve own rental properties in the Central Valley for years, or you just recently purchased your first property, if you don’t have…
Read MoreHow Long Will It Take Airbnb In the Central Valley to Recover?
With the lockdown continuing across the State of California, short-term bookings have dried-up and Airbnb investors want to know if the Central Valley Airbnb rental market is going to recover? The answer to this question is yes but, the short term rental market in the Central Valley may not recover for another 120 days or…
Read MoreDon’t Let Your Short Term Rental Property Sit Idle During Coronavirus
There’s no doubt that the short-term rental market has changed in the age of coronavirus because most non-essential businesses in the Central Valley have been closed and bookings for Airbnb’s have dried up. Sadly, with the short term rental market looking pretty bleak right now, any owner who has a short-term rental property is faced…
Read MoreBenefits of Investing in Commercial Real Estate
Are you searching for the benefits of investing in Commercial Real Estate? If so, you’ve come to the right place! In this article, we will offer you a wide variety of benefits that come from investing in commercial real estate. Benefit #1 – Higher Income Potential Than Other Investment Options Let’s face it, in today’s…
Read MoreTourism not permitted: New rules for Airbnb, short-term rental hosts during pandemic
Short-term accommodation hosts, like those on Airbnb, can only offer their listings to people in need of housing during this pandemic, Ontario’s Solicitor General says. When the province amended the list of essential businesses allowed to operate during the COVID-19 pandemic on April 3, that stipulation for short-term accommodations was added. It will likely come…
Read MoreState-Level Rent Relief Update
As state and local governments act to address the economic fallout of the COVID-19 pandemic, relief for renters impacted by the coronavirus has come from both state and local policymakers. In previous posts, we covered San Francisco’s and San Diego’s efforts to temporarily ban evicting residential and commercial tenants impacted by COVID-19. In this post, we explain…
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