Burt M. Polson - Commercial Real Estate Broker

Guiding you through the real estate part of your life™

Commercial Sales, Leasing, and Consulting

Private Equity Real Estate Funds

Filtering by Tag: rental

Understanding the lease - part 4

The lease is an essential document as it gives a tenant the right to use a property from the owner. Knowing the terms in the lease before you sign and during your use will provide you with peace of mind with minimal surprises.

In part one, you learned how a lease is a contract that creates a relationship which gives the tenant a right to use a property.

In part two we discussed the commencement date and the responsibility of paying the rent promptly.

Part three explained the uses of the security deposit and repairs & maintenance issues.

We are going to wrap up this portion of the series as we discuss alterations, entry, subletting and early termination as it pertains to the ten page CAR (California Association of Realtors) “Residential Lease or Month-to-Month Rental Agreement.”

Read More

Qualifying tenants - part 1

Investment property owners must evaluate prospective tenants’ creditworthiness as an essential part of creating a solid return on their investment while mitigating any future potential issues.

It is essential to be thorough in evaluating and qualifying a prospective tenant for single-family rental homes. Many issues can develop from a tenant who may lack integrity in paying rent on time or even worse damage the property.

In commercial real estate investments, the value of the real estate is directly tied to the income derived, and therefore the tenant’s creditworthiness is essential. However, as in residential real estate much can go awry with the tenant’s use of the property.

Read More

10 questions to consider before renting out a room - PART 2

Renting out a room is not as simple as taking some photos and posting on Airbnb, VRBO or craigslist. Not only are there governmental ordinances you must comply with in your area, but you should know how the law views each type of occupancy.

In part one of my article we discussed the different types of occupants and how they are granted use of your property--be sure to review part one for definitions of terms. In part two we examine property rights, level of care, control of property and required postings.

Read More

An ACRES Real Estate Services, Inc. Company