Quote:
Originally Posted by jackz
We have had a rental home in California for many years.
My advice is to employ a good management company with excellent references to manage the property.
Our Mgt Company charges $250 to put someone in the home and conducts credit checks, contacts prior rental references and does a criminal history check on prospective tenants.
The Mgt Company charges 8% per month from the rents for their fees. They also video tape the inside and outside of the home prior to the tenant moving in and have the tenants certify that it is a true reflection. When the tenant vacates they can use the video should there be any disagreement as to damages. Also a security deposit is required.
Moving often throughout the world, we have found that we did not want to be involved in the day to day issues with tenants and are pleased that we have an outstanding management company taking care of our investment.
Good luck.
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This is the only way to go IMO.