Amenities: Modern two story 3 bedroom and 2 1/2 bathroom house located in Bay Point with new floors and paint throughout. Family room and kitchen are great for entertaining. Kitchen is spacious and is complete with an electric range oven, dishwasher, garbage disposal, refrigerator and microwave. Indoor washer and dryer hook ups, easy access to freeway, huge back yard and cozy fireplace; this property is perfect for a family! This is a lovely house and will be great for entertaining during the holidays!!

Pets: Upon Approval

Amenities: Deer Ridge home on a premium lot. Single family home with 4 large bedrooms and 2 1/2 bathrooms and is approximately 1,839 square feet. This home has been recently renovated and includes brand new carpeting, hardwood flooring, designer paint throughout and new appliances. Back yard is completely private and backs to open space with no rear neighbors. This house is perfect for entertaining.

Pets: Upon Approval

Amenities: Beautiful 2 story 4 bedroom 3 bathroom located on a quite cul-de-sac in San Ramon. 1 Bedroom and 1 bathroom located downstairs, perfect for an in-law suite or office. Seperate living room and family room with fire place in family room. This property has amazing landscaping and gardener is included in rent. Community pool blocks away. Two car garage with lots of surplus parking spaces on driveway. Kitchen is complete with electric range oven, dishwasher, disposal, refrigerator and microwave. Washer and dryer are also provided.

Directions:

Pets: Upon approval

Further, property management companies are required to withhold 7 percent of all payments associated with rents paid to non-resident owners when the amount of the rents are greater than $1500 per calendar year. Management companies must forward the appropriate amount withheld on behalf of the non-resident property owner to the California Franchise Tax Board along with necessary Franchise Tax Board forms. This is to be performed quarterly.

There are some exemptions to this law. For more information, download the FTB article Withholding on Nonresidents With California Source Income, consult your tax professional or contact TenantFinders at 925.284.7200 or email: propinfo@tenantfinders.com

Reduce Vacancy Times

Unrented property means no income – every day your property sits vacant you loose money. So it makes sense to keep the time between tenants as short as possible. An important step in doing this is making the property rental ready – taking care of all cleaning and maintenance issues quickly and as efficiently as possible.

Prior to the tenant moving, perform an inspection to assess the properties turnaround needs, allowing you to set your schedule in advance. Does the property need painting? Are there any major repairs that can be addressed while the tenant is still there? Does anything need to be ordered? Answering these questions will allow you expedite the turnaround process and minimize vacancy time. Tenants report “cleanliness” as a major criteria for selecting a rental. Identify and build relationships with good vendors and have them ready to go as soon as your current tenant moves out.

Price Rent According to Market Conditions

You could have the best unit in the best neighborhood, but if you are asking too much or too little, you won’t get a pool of qualified applicants. You must price your property according to market conditions. Conduct your own market analysis; research comparable units in the newspaper, on Craig’s List, local property management websites, etc.

Match Security Deposit to Market Conditions

In an up market it’s easier to get a larger security deposit – up to double the rent. In a soft market that is much harder – the security deposit might be equal to one month’s rent plus $100 or $200. Again, you have to adjust to current market conditions or your property will sit vacant.

Sort for Qualified Tenants

No property owner wants deadbeats or have to deal with frequently re-renting units. And yet if you don’t select tenants carefully this is what happens. Take the time to verify income, employment, credit history, eviction history, current/past rental history, etc. and you are much more likely to find quality tenants who pay rent on time and stay with you for a longer period of time.

Market Your Property.

Your property might be the best deal in town, but if no one knows about it then it will become the best kept secret! Take a proactive role in marketing your property to find qualified tenants. Post ads on Craig’s List, make flyers, place a sign in your front yard, put an ad in the newspaper, etc. In a soft market, such as the one we are currently experiencing consider making an offer to attract people. For example: 1/2 month free rent or spread security deposit over several payments.

To learn more about the many services offered by TenantFinders(tm) please contact us 925.284.7200 by email at propinfo@tenantfinders.com or www.tennantfinders.com