NOLO Press has good California lease templates. The have a Landlording in CA handbook.
Did you finance or buy with cash? From late 2008 to late 2012 I found cash-on-cash returns (including loan amortization) could easily be 15% annualized with 20% down 4.25% loans on San Diego condo rentals. That’s just the return solely based on rental income. Of course if you count the appreciation we have had the last few years, if you sold condos bought 2-3 years ago right now you are looking at 100% annualized cash-on-cash returns, counting the Capital Gain from appreciation + return from rents. And to think there were some on this forum that argued passionately against buying condos for buy and hold back in those days from late 2008 to late 2011 when the pickin’s were the best.
