How often can I increase the property rent in Southen California?
Sunday, November 22nd, 2009 at
6:49 pm
I am renting my house(3 BR, 1.75 BR) in California. I would like to ask how often I can increase the rent knowing the rental agreement is based on month to month. Can I do that every 6 months knowing that my mortgage payment for this house is higher than what I am renting it for by $450. Thanks.
Rent Back Fast
Related articles:
- Helpful Advice About Rent Increase Lot of people enjoy the profit of renting a home instead of owning one. Benefits such as not having to worry about major repairs and upgrades make it simple....
- We need an advise from a real state agent living in los angeles california? WE NEED HELP, WE BOUGHT A HOUSE IN CALIFORNIA LAST YEAR IN MAY-2006 IN L.A. CALIFORNIA BUT WE LEND SOME MONEY TO A RALATIVE AND GOT INTO TROUBLE FINANCIALLY...
- Taking the Plunge on Rentals It cannot have escaped anyone’s notice that now is a good time to consider buying a second property as an investment. The time is right because the price is...
- if i rent a property in california and there is nothing in the lease can i keeep the fruit on the trees? hi well i guess the question says it all – i rent a property the lease in silent – there is fruit on the trees is it mine to...
- In California, can a landlord rent property without 3-prong outlets, or refuse to upgrade them? I have a friend whose landlord is basically refusing to install a 3-prong outlet in the kitchen area (right near a sink) for a microwave AND refusing to install...
Tagged with: Mortgage Payment • Rental Agreement • Renting
Filed under: property rental
Like this post? Subscribe to my RSS feed and get loads more!
Hangt werkelijk van uw tennants af. Als u denkt zullen zij het dan proberen en betalen laden. Laat hen weten dat de huisvestingskosten toenemen en u moet de kosten doorgeven. Zie wat zij zeggen. Ik denk it' s beter om degenen te proberen en te houden u momenteel dan hebt om te doen schrikken hen van.
Er is geen dergelijke tijdslimiet wanneer u de huur kunt opheffen. Het slimme te doen ding is geen schrik weg de huurders u nu hebt. Probeer verklarend aan hen dat de huisvestingskosten stijgen en u moet sommige van die kosten tot hen overgaan. Het beste te doen ding moet uw EIGEN kosten inperken. Bijvoorbeeld. U betaalt een overmaat van $450, probeert opheffend de huur door $150 die u met slechts $300 dollars uit zakuitgave op uw hypotheek verlaat. Herinner dat de meeste huurders u geen extra $450 per maand enkel als dat zullen betalen. Zij zouden eerder een betere overeenkomst ergens anders bewegen en vinden. En als u denkt dat iemand anders zal betalen dat veel, opnieuw denkt.
I don’t know if California has more laws than people but everything having to do with rental in California just like any other state is governed by the State’s Landlord Tenant Act given the complexity of California law and the fact that I’m not a legal begal but only licensed to practice real estate in New Mexico it would be best if I give you the information you really need to research from our research department. This way you can locate the specific information you need and might even find out requirements that you currently are not doing that might be required of you as a landlord.
To research landlord tenant issues in California you will need to go to the following links:
LAWS: See Chapter 3 of Business & Professions Code for Real Estate. Or California Civil Code:
All real estate laws explained:
California building codes:
Disclosures required explained:
Earth Quake zone disclosures:
STATE’S WEB SITE:
STATE’SLANDLORD TENANT ACT:
HUD – Tenant rights in California:
Pamphlet from the State of California on Landlords and Tenants:
Private Attorney’s Website on Tenant/Landlord issues:
Home owner and renter assistance programs:
As you can see there is plenty of bathroom reading but as a property owner you should have all of this information.
Buena Suerte
On a month to month, you can raise it every month if you wish. However, if you’re raising it more than 10% at a time, then you have to give them a 60 day notice.
Also, your rent should reflect market conditions and not based on your personal situation. If you think that you can get 2k/mo on your house, then raise it to 2k.
I do property management for both my rentals and other people’s rentals in Southern California. If you need help or have any questions, let me know.
Regards