Barrett Property Management has launched a new segment to our blog: Nevada County Property Management Frequently Asked Questions and Answers. Along with our regular Grass Valley, Nevada City, Auburn, and Colfax CA property management related blog posts, every so often we will publish a new post with Questions and Answers regarding property management in Nevada County and Placer County. There may be one or multiple Q&A’s for each particular post, all attempting to enlighten and inform tenants, renters, lessees, landlords, property managers, and investment property owners in Nevada County and Placer County CA. Cheers to POST #1!
Q & A’s for Grass Valley, Nevada City, Auburn, and Colfax tenants, renters, lessees, landlords, property managers, investment property owners, and everyone inbetween!
Q#1: What is the maximum amount a Nevada County property management company can charge for an application fee to screen a tenant?
A#1: Per the California Association of Realtors, “California law limits the screening fee to an amount of $30.00 adjusted annually from 1-1-1998 by any increases in the Consumer Price Index (CPI). As of 2012 the screening fee can be $49.50 according to the California Department of Consumer Affairs.” You can calculate the exact amount a California property management company can charge using the CPI inflation calculator at the Bureau of Labor Statistics.