Welcome to SoLoRealtyRental.Com
ABOUT US
We’re passionate about working on marketing, managing, and maintaining rental homes : Single-family homes , Vacation rentals, Multi-family homes, Townhouses, Condominiums. Our job is taking away all the headache and hard work from the homeowners to give them peace of mind. So they can enjoy their own lifestyles.
We also are REAL ESTATE INVESTORS and AGENT on staff to assist you. Wondering about the best real estate investment opportunities in San Jose, for example? We can help. (www.SoloRealty.Net)
NO LONG TERM CONTRACTS
1. Are you looking for a property manager for your homes ( long term or short term rental)?
** A property that is rented anywhere between one evening up to 30 days is often considered a short term rental OR “ vacation rental when you post on a 3rd party platform like AIRBNB”.
Benefits Of Short Term Rentals:
Short term rentals give their owners flexibility and greater control over their property and many other benefits. Personal vacation use OR rent it out to others when it is not in use. When a property is listed on the short term rental market, it is much easier for the owner to block off the dates they would like to use the property.
- Less wear and tear: Short term rentals tend to be occupied around weekends and busy tourism seasons, but not throughout the entire year. Therefore, it tends to take relatively longer to build up noticeable wear and tear on the property.
- Easier maintenance: Short term rentals are cleaned and prepared for new occupants more regularly, which translates to better-maintained properties. This helps to prevent any long term damage to the property. If any maintenance problems arise, a short term rental owner has easier access to the property without disturbing residences.
- charge a higher nightly rate for short term rentals, compared to long term vacation rentals. Although occupancy can fluctuate, making rental income less consistent, short term rentals tend to provide more rental income.
- Price Adjustment: Short term rentals offer their owners the ability to adjust the price of rent more often than owners of long term rentals can. Short term rental homeowners can change the price of rent in between occupants as they see fit. If there is a higher demand for their rental in the summer season, they can raise their rent and produce more income.
- Receive fast money: You can get your money after the guests check in instead of waiting for the 1st of each month.
Cons of Short Term Rentals:
***Home owners must now deal with customer services and hospitality business.**
- Competitive Markets: Short term rentals are often operated in competitive real estate markets to minimise vacancies and maximise profits. However, you will be competing with other rental owners and even hotels in the area. This means you need to think about what gives your property an edge and market it appropriately to travellers.
- Maintenance and Repairs: Unfortunately, you may have to complete more maintenance than a long term tenant to keep the property clean and well taken care of when operating it as a short term rental. This can increase your overall operating costs if you hire the house cleaner.
- Off Season Vacancies: Not all the market is the same, you may deal with consistent vacancies during the offseason. It is crucial to factor this into your annual costs and set your rental prices accordingly. Many short term rental owners will lower rental rates and set deals during the offseason to attract tenants.
- Property Management: Short term rentals inherently require more involvement in terms of property management if you do it yourself. You will be responsible for coordinating guest check-ins, cleaners, and maintenance workers. If you do not live in the area, this can require a lot of planning.
** A property rented for one month or longer up to 6 months is usually considered a long term vacation rental. “ There are different laws or regulations in your county and city.”
Benefits of Long Term rentals:
A long term vacation rental investment strategy may be a better fit for individuals who prefer to have the same tenants over a longer period of time, thus having to deal with less tenant turnover. A longer-term tenant may even help bring in a more steady and stable cash flow. For someone who has a busy lifestyle with a career or a full time job because it is low on maintaining.
Cons of Long Term Rentals
- Landlord Regulations: As a property owner, there are certain laws and regulations you must follow to rent out a property. For example, many states have laws requiring landlords to give advance notice before entering a property, even for maintenance purposes. There are also laws regulating the application and eviction processes. It is crucial to understand your area’s regulations before renting out a property to avoid any potential legal issues.
- Lower Profit Margins: When looking at short vs long term rentals, long term units tend to have lower profit margins. Long term rentals are still an excellent source of passive income. However, they may not generate the same income as a short-term rental in a popular vacation destination.
- Tenant Applications: A typical lease term is one year when looking at long term rentals. This makes it highly important that you find the right tenants for your property. Make sure you review tenant applications for previous evictions or any red flags noted by past landlords.
- No Personal Property Use: The most obvious drawback when comparing short and long term rentals is that long term properties are not suitable vacation homes. Long term rentals will typically be rented out consistently, whereas short term owners can reserve time to visit these properties as desired.
WHAT WE WILL DO
Getting the house ready to rent:
- Free rental market analysis
- Walk-through the property
- Coordination a house cleaner, remove debris, or handyman touch up as needed
- Photographs taking and starting advertising online
Tenant Screening:
Secure tenant screening through TransUnion
Full credit, criminal, and eviction report
Simple, built-in prescreening questionnaire
Tenants submit applications through tenant app
Approved prescreened tenants can instantly submit applications
listings to Realtor.com and Doorsteps,Zillow, FB
Send automated rent reminders to tenants
5-second video with tenant-submitted maintenance requests
Round the clock customer support 24/7 emergency ( HANDYMAN WORK IN HOUSE). No emergency will be responded the next morning.
Lease signing & storage
Upload & share documents via cloud file sharing
Add-on maintenance coordination
Tenants move and out checklists
WE DON’T DO
Collect rent payments from tenants OR property Accounting/paybills
Prices/Fee
** Long term tenants 6 months up to 2 years $90/month(apply in Santa Clara County Only)of monthly rent and first month rent ( SURROUNDING CITY fee 7% monthly rent, tenant moving in $450/out $450)
**Tenant moves in $350, tenant moves out $350 (apply in Santa Clara County only).
** Short term tenants less than 6 months or month to month rent $100/month of monthly rent and first month rent. (IN SANTA CLARA COUNTY ONLY)
** Tenant move in $250, Tenant moves out $250
Are you looking for a co-host for vacation rentals like airbnb?
What is considered a vacation rental? “ most popular platform is AIRBNB”
Vacation rental or short-term properties are accommodations that travellers can rent on a short-term basis minimum one night. These accommodations range from high-end luxury properties to spare bedrooms in other people’s apartments and can include homes, condos, villas, apartments and even tents, and boats.
** 3% fee each transaction gross revenue ( only prequalified guests accepts or denied, and customer services”
** 25% each transaction gross revenue ( including customer services and clean up to get ready for the next check in…)
RECOMMENDATION: homeowner should add a short term rental insurance to your hazard home insurance.
Disclaimer: we use a 3rd party services platform… for the night rate/rental prices recommendation. Therefore SoloRealty/we do not guarantee information is accurate or your profit margin.
Furthermore: We aren’t responsible for the property damage or liability of the cause of tenants or guests or anyone else’s on the premises accordingly.
We’re passionate about working on marketing, managing your lovely house for you.
Our job is taking away all the headache and hard work from the homeowners to give them peace of mind. So they can enjoy their own lifestyles. LET GET IN TOUCH!