How to Handle Tenant Harassment
As a landlord, you work hard to avoid even the appearance of harassment when it comes to your tenants. The goal is to strike a healthy balance with communication and allowing your tenant to live in peace in the home that they’re renting from you. It’s difficult, but the longer you manage your rentals, the […]
The 5 Most Common Winter Maintenance Requests
As a landlord, you provide timely repairs for tenants upon request. It takes teamwork to protects tenants from unsafe conditions and help to protect your property from long-term damage. During the winter, your duty is especially important, as repair issues can become much more urgent in cold weather. What types of winter maintenance can you expect? Should […]
Bank Accounts and Your Rental Investment
Over 82% of businesses fail due to financial mismanagement, which includes failing to have dedicated bank accounts to separate personal and business finances. In addition to saving your rental income, a bank account protects against liability, enhances bookkeeping and accounting, boosts your professional image and compliance, and streamlines budgeting and reporting. All good things, but […]
How to Successfully Implement a Rent Increase
As a landlord, raising rent is an inevitable part of the business. However, substantial rent increases can lead to tenant turnover if not handled carefully. Follow these tips to successfully implement a rent increase without losing your best tenants. Know the Legal Limitations Before considering a rent increase, research the laws in your state and […]
How to Enter an Occupied Rental
As a landlord, you may need to enter an occupied rental to check a water leakage, show a prospective tenant around, or a variety of other reasons that might come up over the course of a lease. Things may go south if you fail to approach this task professionally and respectfully. In fact, illegal entry […]
How to Finance a Rental Property
Census data suggests that as of 2022, there were nearly 20 million rental properties in the United States. These properties comprise an estimated 48.2 million rental units overall. A significant portion of the population relies on landlords who will rent them a place to live. It also means that there are many investment opportunities available […]
6 Strategies to Maintain Cash Flow for a Rental Property
Maintaining cash flow is essential to both covering the expenses of property management and to generating income from your rental investments. However, not all home rental strategies provide a steady and reliable cash flow. There are a few important calculations you must make to ensure that properties both cover expenses and produce long-term profits. The […]
What to Expect after an Eviction is Awarded
Evictions are never pleasant, but if you’re a landlord long enough, you will likely find yourself filing for one. PBS reports that eviction filings have climbed by 50% over pre-pandemic levels. There were about 3.6 million eviction filings hitting courtrooms around the country just last year. It is a necessary step to take against those […]
Priority Named to CNBC’s Inaugural World’s Top 200 Fintechs List
Priority is pleased to announce that we have been named to CNBC’s Inaugural World’s Top 200 Fintech Companies list, which honors the leading companies in nine categories, including digital payments, alternative financing, and digital business solutions.
Late Fees: What Should You Know?
No landlord wants to worry about late fees. In a perfect world the rent would arrive on the first of each month and everyone will be happy, but that is not the case sometimes. There are a multitude of reasons why a renter may need a little extra time to pay. In some cases, you […]
