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Anyone who knows me is aware that I am a huge advocate of real estate investing. I firmly believe that when done responsibly, real estate investing is one of the single greatest drivers for wealth available to anyone. The key is responsible investing! That means you don’t use those nasty little things called ARMs, you do your due diligence and you certainly don’t buy past (or even at!) your means. But all of that stuff is for another article. What I want to talk about today are those real estate investment costs that you must make sure you account for before purchasing any property!

When renting out property, there are many different laws that apply to how you manage that property and your tenats. Many of these laws vary from state to state, although they are often very similar. Here are some common questions and answers, specific to California, that you may have as a Landlord.

Under What Circumstances Can a Landlord Utilize a Tenant’s Security Deposite