Owning rental property may push you into the feeling that you must hire a CPA to do your taxes. I personally like to work the numbers myself. I have found that Turbo Tax is a great way to take care of this tax business. I made one change this year. Instead of going to a software store, I signe
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02/27/2010
It is Friday, time for a joke. A new prisoner entered the crowded jail cafeteria and sat down along with the other inmates waiting for lunch. Across the room one of the inmates stood up and yelled, #45. Everyone laughed. A moment later a different inmate on the opposite side of the room stood
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02/26/2010
It is my opinion that you should have a plan and be open to changing it as facts present themselves. Upon move in of a new tenant you should inspect the property and photopraph or video tape the interior, exterior, and yard, front and back. During the tenancy the occupant is entitled to quiet enj
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02/25/2010
Beginning January 1, 2010, California law requires, with some exceptions, anyone who lives outside of California and who owns rental property in this state to pay a quarterly withholding credit on any rents collected. As your contracted management company, HomePointe Property Management is manda
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02/24/2010
At HomePointe Property Management in Sacramento, we suggest every vacancy be rekeyed between every tenant. There are a couple of reasons for this. The number one reason is to provide a secure home for your new tenant. There is no sure way to know if the past tenant kept a key, gave a copy to so
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02/24/2010
Over the years I have seen many property owners panic over their vacancies. Many owners quickly lose the ability to make good decisions and look for the easiest way to stop the bleeding. They also do not want to lower the rent, that means they made a mistake in pricing the property, or that it w
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02/23/2010
James makes a good point with his blog about saying thank you. Make it a priority to thank those you come in contact with. I recently received an unsolicited thank you from a happy client that made me feel very good. In reflecting back on the exchange, I am much more moved by the fact it wa
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02/22/2010
As of today, legislators have not moved this proposal, and it appears to be stalled as a result of the overwhelming opposition. The proposal provided that all business owners – including rental property owners and management companies - must hold three-percent of all payments owed to independent
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02/21/2010
Earlier this month I posed this question since at HomePointe we continue to use some newspaper ads, almost exclusively a full page ad in the Saturday Sacramento Bee Real Estate Section. The past two weekends we surveyed 64 rental prospects during weekend vacancy showings. This is what we came up
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02/18/2010
I found this story and thought it was interesting: An economics professor at a local college made a statement that he had never failed a single student before, but had once failed an entire class. That class had insisted that Obama's socialism worked and that no one would be poor and no one would
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02/18/2010
