There may have been a time where tenant screening was as easy as pulling a credit report and running a criminal background check. It’s no longer so simple. In fact, screening tenants in San Diego and throughout California has become complex. The potential for costly errors is high.
Eviction is always a last resort for owners and property managers who would prefer to avoid the lengthy and expensive process. However, when rent is not being paid or the lease is not being honored, you need to take decisive action and regain possession of your property.
If you’re not an experienced landlord and you don’t have the benefit of professional property management, understanding the process of returning a security deposit can often be difficult. You may not be sure about what you can and cannot deduct for. You might not understand the speed with which the money has to be returned. Itemizing the deductions can also become complicated, especially if the work isn’t completed yet.
A strong investment portfolio is a diverse portfolio. This is true of your stocks, bonds, and mutual funds, and it is especially true when we are talking about your real estate portfolio. When you are able to diversify your investment portfolio, you limit your risk. More importantly, you invite a larger number of opportunities.