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You assume your unit will be occupied all year , but when your tenant moves out unexpectedly, you get hit with two months of vacancy a $3,000 loss. Your property meets the 1% rule on paper , but rising property taxes and maintenance costs quickly erode your margins. Hold properties long-term to benefit from market cycles.
Backyard Plants According to AB2561, landlords are required to permit a tenant to do “personal agriculture” in their outdoor backyard using portable containers you have approved. Tenants are only allowed to do ground level planting for fruits and vegetables and strictly NO marijuana is allowed for personal use.
Buy a home, rent it out to tenants for more than you bought it for, and generate a steady income from it. Before these landlords know it, they are dealing with tenants who don’t pay their rent on time and then leave the house in a worse condition than they found it in. In 2014, they handled over a thousand rental units.
CASH was a driving force in holding landlords accountable for improving their property maintenance and creating new housing projects all while including the issue of homeownership in the conversation. This experience inspired her to form a community, women-led group: Citizens Against Slum Housing (CASH).
How we got here Smart Moves, our management company, started in 2014 with one property 633 Water Street. Issues like discrimination in tenant screening and algorithmic rent pricing are being debated, making this an exciting but uncertain space. Weve also used video to enhance maintenance efficiency.
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