Knowing where to buy investment property in the East Bay is an important part of your strategy. This market is unique; prices are high, but so are rents. Additionally, the tenant pool offers stable renters with good jobs and financial security.
No one can successfully manage a rental property alone. Even the best property owner or the most experienced investor still needs a team of key professionals with specific areas of expertise to call on for help, questions, and problem solving.
In California, tenants have the right to quiet enjoyment of their home, which means you cannot show up unannounced whenever you feel like it. However, you should schedule at least one or two visits each year to get inside the property to assess its current condition and look for any changes from the last visit.
As you know, your real estate investment will require maintenance. It’s not a matter of if – it’s a matter of when.
Every property, at some time, requires maintenance and repairs. The amount you spend will depend on the age and condition of the property. To keep costs down and preserve your ROI, make sure you’re prepared by creating a maintenance budget that addresses both routine and emergency repair needs.
The eviction process in California is a serious matter. It has its own rules and timetable depending on the county where the property is located; it can also be time consuming and expensive.