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Walker & Associates

Property Management and Real Estate for the Central Coast

Phone: 805-937-9900
Address: 145 S. Gray St., Suite 203 · Orcutt, CA 93455

Income Property Reinvestment

December 14, 2017 By Walker & Associates Leave a Comment

When faced with expenses associated with an income property, many owners find themselves financially unprepared. To avoid this awkward, and unpleasant situation, it is recommended that owners set aside 10% of the monthly disbursement for routine maintenance, and capital improvements.

For instance, a home has been rented for 5 years, and is being vacated by the current tenant. The property requires paint, carpet, and some small repairs adding up to $5000. This would be a large “out of pocket” expense for an owner. However, assuming a rent amount of $1500 had been collected over the 5 year tenancy, and 10% had been set aside, there would be 9000 in reserves available.

In this scenario, the owner can easily cover the expenses without incurring financial hardship, and has $4000 remaining at their disposal. These funds can be held in trust by a property manager, and may even provide some tax benefit.

Call (805) 937-9900 today to discuss how Walker & Associates can help you be a successful income property owner.

Matthew Walker
President

Walker & Associates Property Management

Filed Under: Property Management Tagged With: income property

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$2,200/mo.410 Union Ave.Orcutt, CA 93455View Listing
$3,195/mo.4378 California BlvdSanta Maria, CA 93455View Listing
$1,795/mo.5101 Union AveSanta Maria, CA 93454View Listing
$1,125/mo.417 S BroadwaySanta Maria, CA 93454View Listing
RENTED$2,150/mo.2140 Calle SerenaSanta Maria, CA 93455View Listing
RENTED$2,950/mo.2405 Iron Ridge CtSanta Maria, CA 93455View Listing
Thank you for viewing our homes for rent. You may download an application PDF which you can fill out and email to us, or visit our office to pick up a tenant application in-person. Your application will also need to be accompanied by the following:
  1. Valid photo ID
  2. Personal check (to verify bank)
  3. 2 of the most current pay stubs of each income source listed. (to verfy income)
  4. Application fee of $40.00. This can be paid in the office by Cash or Money order and is charged on all rental applicants for the purpose of verifying the information furnished on this application.
Each adult applicant must apply. To be considered, we suggest good credit with no collections, rental history and rental references, established job history, and that gross income is at least 3 times the rent.

Copyright © 2021 · Walker & Associates Property Management · 145 S. Gray St., Suite 203 · Orcutt, CA 93455
Phone: 805.937.9900 | Fax: 805-937-9909 | Email
Broker Lic.#01332760

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