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Blog Post The Accidental Landlord: What to Do When You Inherit a Rental Property

The Accidental Landlord: What to Do When You Inherit a Rental Property

Not everyone plans to become a landlord.Sometimes it happens because you inherit a property, receive a home from a family member, or decide to keep a house as a rental instead of selling it.That is what I call becoming an accidental landlord.At first, it may sound simple. Put the...
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Blog Post How We Handle Rental Property Maintenance for Owners

How We Handle Rental Property Maintenance for Owners

How We Keep Tenants Happy and Owners Hands-Free Maintenance is one of the biggest headaches for rental property owners. A tenant calls, something breaks, a vendor needs to be scheduled, and the owner has to decide what to do next.At Rancho Coastal Properties, Inc., our goal ...
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Blog Post How to Verify Tenant Income: The Most Important Step in Tenant Screening

How to Verify Tenant Income: The Most Important Step in Tenant Screening

Can Your Prospective Tenant Really Afford the Rent?If I could give a new landlord only one piece of advice about tenant screening, it would be this: verify income thoroughly.Most landlords assume the biggest risk is property damage, late-night maintenance calls, or difficult pers...
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Blog Post The First Offer Is Often the Best Offer.

The First Offer Is Often the Best Offer.

Many North County San Diego sellers assume the highest offer will come after weeks of showings and multiple open houses.Often, the opposite is true.The strongest buyers are usually watching the market before your home even hits the MLS. They know values, have financing lined up, ...
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Blog Post Deconstructing the DIY Landlord

Deconstructing the DIY Landlord

Most landlords believe they're saving money by managing their own rental property.In reality, many are simply trading visible expenses for hidden ones.The average landlord sees the cost of professional management and thinks, "I'll do it myself."What they don'...
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Blog Post The No-Cost Thirty Year Fixed Rate Mortgage

The No-Cost Thirty Year Fixed Rate Mortgage

There really is no such thing as a no-cost mortgage loan. There are always costs, such as appraisal fees, escrow fees, title insurance fees, document fees, processing fees, flood certification fees, recording fees, notary fees, tax service fees, wire fees, and so on, depending on...
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Blog Post Hot, Normal, and Cold Markets

Hot, Normal, and Cold Markets

Hot Market This is an extremely competitive market and is advantageous to the seller. Sometimes, homes will sell as soon as they are listed or even before homes are listed. Typically, during a hot market, multiple offers will be made on each home and more often than not, homes w...
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Blog Post Avoiding Financial Stress

Avoiding Financial Stress

By asking the right questions, and knowing exactly what your needs are, you can find the right loan for you. There are certain approaches that you can take while mortgage shopping that can cost or save you money. It is still true that the better qualifications you have, the lowe...
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Blog Post Insist on a Home Inspection

Insist on a Home Inspection

A professional home inspection protects both you and the buyer. It allows both you and the buyer the opportunity to learn about the property’s defects. A home inspection usually covers the following: Plumbing conditions - if there is leakage or clogging Roofing conditions ...
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Blog Post Land Contract

Land Contract

An alternative to a non-conforming loan is the use of a land contract, which is allowed in some states. A land contract is an agreement between a buyer and a seller, where the buyer agrees to make periodic payments to the seller. The title to the property only transfers to the la...
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