Author Archives: HomePointe

Should a Landlord Accept Pets?

One of the many decisions every landlord must make is what to do about pets.  Some rental property owners decide that pets are not compatible with their rental property while others accept pets with no reservations.  Whether you accept pets or not it a decision best made with all the facts and available information.

Just over 37% of U.S. households own a pet dog.  Just over 32% own a pet cat.  63% of households   own a pet of some kind.  I know from my experience managing houses for 30 years that many people that rent a house want to have a pet.  My experience matches up with the amount of households that own a pet.  The question is, are you, as a landlord, willing to turn away 63% of the pool of available tenants by denying your tenants a pet?

Many landlords believe that a dog or a cat will ruin their property.  While there is a chance of this happening, it is more likely that not allowing a pet will reduce your bottom line.  Eliminating over 60% of the pool of available tenants will increase your vacancy time and will likely reduce the amount of rent you can obtain.

The best way to insure that your tenant will not allow their pet to damage the property they rent is to properly screen the tenant.  A tenant with good credit will not be likely to allow damages to occur.  It is mostly true that pets do not damage property, but bad tenants may allow a pet to do so.  Make sure all of your tenants have something to lose, namely their good credit.  You should also charge a reasonable pet deposit.  Your particular market may determine this. We charge $500.00 and only allow one pet.

One other point to note is that you should not designate the extra deposit as a “pet deposit”.  Simply increase the regular deposit and have a pet agreement that does not mention a deposit amount.  In the event the tenant vacates and owes just rent, you could then use the total deposit to cover the rent instead of having to return the “pet deposit” because there was no pet damage.

You could also limit the size of any pet and not allow certain breeds of dogs.


HomePointe Weekend Showing Schedule

HomePointe Weekend Showing Schedule


Allow Two Persons Per Bedroom At A Minimum

You can avoid a Fair Housing Complaint by allowing 2 persons per bedroom.  Some also allow one extra person for their rentals.  Be sure not to restrict the number of adults.  For example, do not limit occupancy to two adults and two children in a two bedroom.  You also need to allow four adults or three adults and one child.

The bottom line is you need to require at least one adult, but after that it could be any combination of adults and minors.


How to Fix Toilet Overflow

Should you find yourself in that dreaded situation where your toilet is about to overflow, quickly locate the water supply valve. This is the valve located on the wall near your toilet. It will have a supply line connected to the valve that runs up into the bottom of the toilet tank. On the valve will be a knob that you’ll need to carefully turn clockwise to shut off the water. You may notice the water level in the bowl continue to rise as a result of the tank continuing to purge, this is normal. Don’t be alarmed; just get some old towels ready around the bottom of the tank in case of overflow. Now you’re ready to plunge the obstruction. We suggest investing in an accordion style plunger, which can be found at any hardware store and most superstores.

Check the water supply valve to the toilet periodically to insure it’s working properly. After years of non-use the valve may become hard to turn. This may be prevented by closing it and reopening it to free the valves inner parts. NEVER over tighten the valve, as this will cause premature leaking. It is also a good idea to give the water supply line a once over at this time as well. If your water supply line is “greened out” or looks as if it is brittle please contact RAM Property Services(info@rampropertyservices.com) so we may be able to better evaluate if the supply line or valve is in need of replacement.

 

Maintenance@homepointe.com

info@homepointe.com


Have you received your rent yet?

ImageContact HomePointe. We WILL collect the rent for you, send your funds to your bank, handle maintenance, and much more.

www.HomePointe.com

info@homepointe.com


LandLord Magazine MAY2012 issue

http://digital.turn-page.com/title/7800


Land Park Apartments-New Vacancy

Live near parks and restaurants! 2 bedroom available for $865/month and a 1 bedroom available for $750/month.


Renting Prosperity

Renting Prosperity

“For an increasing number of Americans, though, it simply makes more sense to rent these days.”-Wall Street Journal


Legal Corner


When serving 3-day notice for breach of lease does it need to be served on a business day?

3-day notice can be served on any day. Tenant has three FULL days to comply, but the last day of the notice must end on a business day.


Investor ‘feeding frenzy’ gobbles up Sacramento-area homes for rentals

 

“At the low end of the market, there is a feeding frenzy going on in Sacramento,” said Robert Machado,president of HomePointe, a local company that manages about 2,100 rental properties.”

Read more here: http://www.sacbee.com/2012/04/21/4431322/investor-feeding-frenzy-gobbles.html#storylink=cpy

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