Are you protected when it comes to paying your employees and independent contractors? Recent legal challenges in California draw from case law in Connecticut may open up the real estate profession to employment questions around independent contractors. In this article, we also review the laws around overtime and on-site managers in California. These decisions may have an impact far beyond California.
Nasar Elarabi gives us a full explanation of how to use skip tracing to find your next real estate deal here. Skip tracing can specifically be used to track homeowners that may not be occupying the homes they own.
Skip tracing is a basic, but very effective concept to find property owners. The whole idea behind it is to get an alternate address for abandoned or vacant property owners whom you are having trouble finding.
Fortune just released an extensive piece outlining how Amazon plans to use Whole Foods as the gateway to being the everything store. Jeff Wilke of Amazon flew into the Whole Foods headquarters in Austin on the day that Amazon announced its acquisition of Whole Foods. He started by speaking to the corporate employees about his breakfast that morning and made an unintentional slip calling his morning blueberries a vegetable.
Paint: Use a brand new coat of a fresh, neutral hue. Paint makes your rental look well taken care of and can even make the space look larger depending on the paint colors you choose. Playing with accent colors can create a lot of character and appeal in your rental too.
Updated Kitchen: An updated and modern looking kitchen creates lots of appeal for your rental. So how do you update the kitchen without breaking the bank? You can do small things to create appeal like updating cabinet knobs, swap door pulls for stylish cup pulls, replace cabinet hinges, install a wine rack, update to a warmer lighting, mount LED lighting under cabinets, repaint cabinets, and update your switch plates and outlets.
Add a Washer Dryer: This will pay for itself over a 1 year lease term. Yes it is expensive, but you'll command a much higher rental price.
Exterior Update: Do the small things that make a big difference like repainting the front door. Repainting window trim that has faded also goes a long way. Lastly, if your condo or home has a unit number, make sure the unit number is freshly painted and looks new.
Replace Carpet: This is the single biggest thing that can drop your rental value if not taken care of. Dirty or old carpet creates a dingy look throughout the entire home and often detracts from what would otherwise be a beautiful home.
California state law does not require an annual inspection of a smoke detector inside a rented unit; however, the owner is responsible to maintain and test smoke detectors in common stairwells or other common property of the apartment community. Tenants are required to notify the owner of an inoperable smoke detector in their unit.