Renting properties in different states.

[Josh Hartle]

Hi guys I'm new to this site, and I have a question. I live in Ohio, but recently have been looking at properties in California. I've never rented out homes before what steps would I need to take to rent the property/properties I buy in CA? How hard would it be while living in Ohio. My plan is to find a place, and rent it out until I'm able to move there.

[Lynn Dee Murrow]

Josh I feel like we are bursting your bubble here. I am from California and moved to Texas 11 years ago. First, if you want to live in California make sure you have done a budget and included all your costs. It is an expensive move from where you are now. Cost of houses is exponentially higher. You will be disappointed in the age and quality of home you can get for the money unless, as previously noted, you are in a remote suburb with low demand. Remember to take a look at the State Income Tax Rate - and this rate will be going up since the state is practically bankrupt. The school systems are in shambles so if you have school age children (including college) choose the schools very carefully or plan on private schools or homeschooling. Most people in California are working so hard to live there they really cannot enjoy it.

When considering rentals, read the landlord tenant laws first so you understand what you can and cannot do as a landlord and how eviction works in California.

The important thing is to be realistic about your plans to move to California so you do not spend a lot of money only to be disappointed.