All Forum Posts by: Jen H.

I don't do a final walk through with tenants anymore. I do it after they move out.

Our policy is the keys must be dropped off in person by their move out date. However, had my tenants email saying they are going to mail the keys. How should I respond?

Nicole C. If the rent is $1650 then that means I can raise it up to $99 per month based on 6 percent? Is that correct? I really only want to give 30 days notice so if I could raise just under the maximum percentage. I read that it was 10 percent for California by the way on Landlordology.com

Kelly N. I guess my question was not clear enough. I understand how much 10 percent is. I am asking, is that $100 capped for a month or is that $100 annually. $100 per month would be $1200 per year. $100 per year is only $100 per year. If this law is per year it would mean I could only raise the rent by $8.33 per month. Totaling $100 per year. If this law is per month it would mean I could raise the rent $100 more per month. Totaling $1200 per year. So is it per year or per month?

Hello everyone! In California you are required to provide 30 days notice to raise rent if it is less than 10 percent of the rent being charged and 60 days notice if it is being raised more than 10 percent of the rent charge. My question is, do they mean 10 percent rent increased Monthly or Annually? For example if the rent is $1,000 and 10 percent of $1,000 is $100. According to the law, I would need to provide 60 days notice if I increase the Monthly rent over $100/10 percent? And only 30 days notice if I increase less than $100 per month? Or do they mean no more than 10 percent for the whole year? i.e. 10 percent of 1,000 is $100 and $100 divided by 12 month is $8.33. Which means I could only increase the rent by $8.33 per month per year? Can someone who knows this law please help clarify? Thank you!

Hello everyone! In California you are required to provide 30 days notice to raise rent if it is less than 10 percent of the rent being charged and 60 days notice if it is being raised more than 10 percent of the rent charge. My question is, do they mean 10 percent rent increased Monthly or Annually? For example if the rent is $1,000 and 10 percent of $1,000 is $100. According to the law, I would need to provide 60 days notice if I increase the Monthly rent over $100/10 percent? And only 30 days notice if I increase less than $100 per month? Or do they mean no more than 10 percent for the whole year? i.e. 10 percent of 1,000 is $100 and $100 divided by 12 month is $8.33. Which means I could only increase the rent by $8.33 per month per year? Can someone who knows this law please help clarify? Thank you!

Thanks for that reminder Will Barnard ! Yes even with a $50 increase it still will be under market value! They have been there over 2 years but after the first year have been month to month. So would it be 30 or 60 days then?

Hello everyone! I am looking into raising rent for our single family rentals in Southern California. I have not raised rent in 2 years. I have never raised rent before so want to make sure I send the appropriate paperwork etc. From my understanding I need to send a 60 day notice before I can raise rent? Is that still the case? I'm thinking of increasing it by $50/month. A realtor mentor told me to do only $25. They are great tenants but the current rental rate is grossly below market rates. Thank you!c

Hello everyone! I am looking into raising rent for our single family rentals in Southern California. I have not raised rent in 2 years. I have never raised rent before so want to make sure I send the appropriate paperwork etc. From my understanding I need to send a 60 day notice before I can raise rent? Is that still the case? I'm thinking of increasing it by $50/month. A realtor mentor told me to do only $25. They are great tenants but the current rental rate is grossly below market rates. Thank you!

Thanks! Yes I understand they reassess in general but just wanted to be sure they wouldn't consider this transfer a sale.