Name: Video: Considerations for an Investment Property
Uploaded: 2024-02-12T06:19:48Z
Channel: Diamond Certified Resource

SAN JOSE — Host, Sarah Rutan: When it comes to managing a rental property, there are a few important things that you&#8217;ll need know. Today we are in San Jose with Diamond Certified Expert Contributor Sam LaPlaca, of CM Property Management, to learn more.
Diamond Certified Expert Contributor, Sam LaPlaca: Preventative maintenance is very important on any investment property. There&#8217;s the physical preventative maintenance, things like keeping your rain gutters clean so they don&#8217;t back up and cause damage to the roof. Keeping trees trimmed, off the building or off the roof so that doesn&#8217;t advance the deterioration of any of the roof or the property.
I&#8217;m going to talk today about the non-physical aspects, such as pre-qualifying a tenant and the lease agreement. So, one thing if you&#8217;re going to offer your house to rent to somebody and they&#8217;re going to take, you know, possessory right and move in, you want to make sure that they&#8217;re qualified. So, look at the fact that they have at least three times the amount of rent as income, good credit history, and good rental history background. And verify all those with documentation.
And also have a very comprehensive rental agreement that&#8217;s going to cover all aspects of their tenancy, not only who&#8217;s living there and how much rent they&#8217;re going to pay, but also the things they need to do to be a good tenant, such as report any maintenance issues right away. If there&#8217;s any other concerns about cleanliness or things that could cause problems on the property, you got to make sure that those are all taken care of.
So, you need to go over the lease in great detail with the tenant when they move in so all those expectations are laid out in a very clear fashion.
Host, Sarah Rutan: To learn more from local top-rated companies, visit our Diamond Certified Expert Reports at experts.diamondcertified.org

Video: Considerations for an Investment Property

Mark Katz, Broker, Property Manager {BR} Sam LaPlaca, Property Manager {BR} Andrea Vernerova, Property Manager of CM Property Management Inc., a Diamond Certified company, explains when it comes to managing a rental property, there are a few important things that you?ll need know.

Considerations for an Investment Property from Mark Katz of CM Property Management Inc.

With Sam Laplaca of {BR} CM Property Management Inc.

3 Attributes to Look for in a Property Management Company

4 Benefits of Using a Property Management Company

Property Manager Responsibilities

Taking a Preventive Approach to Tenancy

when it comes to managing a rental
property there are a few important
things that you'll need to know today
we're in San Jose with diamond certified
expert contributor Sam laaka of CM
Property Management to learn more
preventative maintenance is very
important on any investment property um
there's the physical preventative
maintenance things like um you know
keeping your rain gutters clean so they
don't back up and cause damage to the
the roof keeping trees trimmed off the
uh building or off the roof so that
doesn't Advance the deterioration of any
of the uh the roof or the property but
I'm going to talk today about the
non-physical aspects such as
pre-qualifying a tenant and the lease
agreement so one thing if you're going
to offer your house to to rent to
somebody and they're going to take a you
know possessory right and move in you
want to make sure that they're qualified
so look at the fact that they have at
least three times the amount of the rent
as income um good credit history and
good rental history background and
verify all those with documentation and
also have a very comprehensive rental
agreement that's going to cover all
aspects of their tency not only who's
living there and how much rent they're
going to pay but also the um the things
they need to do to to be a good tenant
such as uh report any maintenance issues
right away um if there's any other um uh
concerns about cleanliness or things
that could uh cause problems in the prop
property to make sure that those are all
taken care of so you need to go over the
lease in great detail with the the
tenant when they move in so all those
expectations are laid out in a very
clear
fashion to learn more from local top
rated companies visit our Diamond
certified expert reports at experts.
Diamond certified.
org

Expert Articles

Expert Videos