How Contingencies Work in Real Estate (and When to Waive Them)

A contingency in a real estate purchase contract gives the buyer a defined right to exit the transaction under specific conditions without losing their earnest money deposit. Three contingencies appear in most California residential purchase agreements: inspection, appraisal, and financing. Each pro

Vacation Rental vs. Long-Term Rental: How to Decide For Your Monterey Peninsula Property

For owners of Monterey Peninsula properties that qualify for both short-term and long-term rental use, the decision between the two models is not primarily a question of which one generates more gross income. It is a question of which one generates better net income for this specific property, this

What a Property Manager Really Does (and Whether You Need One)

Property management fees on the Monterey Peninsula run roughly 8 to 12 percent of monthly gross rent. On a property renting at $5,500 per month, that is $440 to $660 per month, or $5,280 to $7,920 per year. The question most landlords ask when they encounter that number is whether it is worth it. Th