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Self-Managing Test

ARE YOU A SELF-MANAGING LANDLORD?

Take the quiz below and test your knowledge!

  • 1. What is the maximum security deposit you can collect for an unfurnished unit for a family with 2 dogs & 2 cats?

    The maximum rent you can charge on any California rental regardless of it being furnished or having pets is one month's rent.

  • 2. What is the maximum application fee allowed per applicant?

    $63.70 and a receipt must be provided to the tenant with a cost breakdown.

  • 3. What is the maximum late fee you can charge?

    California law states that a late rent fee should be “reasonable,” though it does not set any restrictions when it comes to a maximum late fee for rent. Generally, a reasonable late rent fee in the state is considered 5%.

  • 4. For a multi-unit building, what is the maximum rent increase for 2024-2025??

    Multi unit properties in California fall under the Tenant Protection Act.  You can increase rents by 5% plus CPI for the city or county the property is located in. Riverside CPI is just over 4% at this time. 

  • 5. What is the maximum pet deposit for 2 comfort animals?

    $0 - comfort animals are not pets.

  • 6. You serve a 3-Day Notice to Quit on Friday and Monday is a national holiday, on what day does the 3 Day-Notice expire?

    Thursday 11:59 pm. 

  • 7. How many days must you retain a tenant's personal property who has been evicted or abandoned the rental?

    18 days from mailing them notice.

  • 8. If a tenant leaves behind personal property, what is the maximum value allowed for the owner to sell or throw away without tenant approval or permission?

    $700

  • 9. If a tenant is in your rental for 18 months and the unit needs repainting, how much can you safely charge them?

    50% - courts generally agree on a 3-year lifespan for internal paint.

  • 10. What is the penalty for a first-time violation of fair housing

    $21,663 - 1st-time offence

    if a second violation in 5 years, $54,524; 

    if three or more times in the last 7 years, $108,315

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