Becoming a landlord

As you get ready to build a second unit, it’s important to consider what it will be like to be a landlord.

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Things to consider

Being a landlord comes with a number of responsibilities that can be addressed by making sure you follow a structured, well-thought-out series of steps:

  1. Preliminary steps

    Prepare to rent your unit by getting insurance, setting up utilities, and developing a plan to handle the finances.

  2. The law and being a landlord

    You will need to understand all the laws related to being a landlord, especially with regards to discrimination.

  3. Setting the rent

    Learn how to establish a fair rent that will attract and keep good tenants. Maximizing the rent is often not the only consideration.

  4. Rental leases

    Make sure your lease (or rental agreement if it is month-to-month) clearly identifies all of the expectations for you and your future tenant.

  5. Finding a tenant

    Understand how to successfully advertise your unit and select a good tenant.

  6. Tenant management

    Have a long-term plan for the care and upkeep of your second unit, and how to address any issues with your tenant.

Step-by-step guidance

No matter what your needs are, access to quality, unbiased information is your right. Follow along as we provide essential information and resources to guide you at every stage of your journey.

Progress

As a social enterprise, HPP CARES CDE has achieved significant and wide-ranging accomplishments in recent years. Working under the National Coalition for Equities' (NCFE) umbrella, our focus has been on advocating for a strong community voice among federal and state regulators and major private sector corporations. We've dedicated ourselves to addressing public policy issues, particularly those related to wealth and income inequality impacting affordable homeownership and small business growth.

Through collaborative efforts with NCFE, HPP CARES CDE has expanded outreach initiatives, leading to increased corporate social responsibility and consumer protection awareness. Our endeavors have enabled us to engage with a broader audience, forge partnerships with numerous companies, and engage with regulators, all with the goal of supporting deserving individuals in achieving sustainable homeownership, fostering successful small businesses, protecting consumers, and empowering California communities.

At HPP CARES CDE, we are committed to championing opportunities for people of color to become integral partners in our mission to reduce income and wealth inequality, thereby contributing to the creation of stronger futures for all minority groups.

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