Becoming a landlord in California may sound an exciting and easy way to make money as you just need to find a tenant and wait for the monthly cash flow.
But the rental business also comes with some big risks which are sidelined by many landlords unless their property is acquired by a tenant or they are sued for the poor maintenance. And there are legal penalties on the way if a landlord doesn’t add certain disclosures to the rental agreement.
So, it’s a wise and nice idea to know several things including ground rules and California state laws to minimize the issues in your rental business. Here are essential things every landlord must be aware of.