Best Payment Options Landlords Should Accept for Rent
Regular, on-time rent payment is critical in ensuring your business remains profitable and running smoothly. Sometimes, however, rent isn‚Äôt paid ‚Äì from lack of funds, travel, or just forgetfulness. Offering a variety of options might be a good solution to helping your tenants stay on track. Let‚Äôs first start with the old standbys ‚Äì check […]
Do I Need A Real Estate License To Manage Property?
Professional licensure requirements in the United States are intimidating to many novice property managers. Many times, if a property manager is working for a larger company, the company will make these requirements clear. Both a company and its employees can receive hefty fines, mandated continuing education, or worse if an individual at the company is […]
Common Maintenance Issues and How a Landlord Can Resolve Them
One of the biggest challenges that landlords face on a continuing basis is maintenance. No matter how new or how well-built the property is, sooner or later you will have to deal with repairs and maintenance needs. For first-time landlords, this can be especially difficult if they don’t know where to turn. Have a Plan […]
How To Repair a Leaky Outdoor Faucet
Outdoor faucets eventually begin to leak and it can become an annoying issue. Sometimes more water comes out of the faucet than it goes into your hose or sprinkler system. You can fix the outdoor faucet pretty easily in most instances, but depending on the size of the leak, you may need to replace the […]
How To Check For Evictions
Part of the tenant screening process for any landlord must include an eviction search. Tenants that have past evictions may not be a true reflection of their potential value in a lease, but it does indicate that they are a high-risk tenant that may not be right for you. Eviction records are considered part of […]
The Top 5 Tax Deductions For Rental Property Owners
There are many landlords who pay more taxes than they should every year, usually because they aren‚Äôt familiar with the deductions they can claim. It takes a thorough understanding of tax law and strategic planning to take advantage of all available deductions. Here is a guide to the top five deductions you should claim. 1. […]
What Is a Wrongful Eviction?
There are always going to be problematic tenants from a landlord’s perspective. From the tenant’s perspective, there are always going to be problematic landlords. A vast majority of tenants and landlords have a mutually beneficial relationship that works for both groups. When that relationship turns sour or there is a lease violation, however, a wrongful […]
How To Fix a Burst Pipe
When you have a pipe burst in your home, either because the weather turned cold or there was a failure in the craftsmanship of the pipe itself or its joints, then here’s some good news: you don’t need some serious plumbing skills to fix the problem. You’ll just need a few tools, some solder that […]
3 Ways to Cut Down on Time Spend Collecting Rent
You have solid tenants in your properties and you enjoy being a landlord. Although you had success filling up your properties, you don’t want to rest on your laurels. By seeking new ways to enhance your property management skills, you can help to set yourself up for further success and simultaneously improve your work-life balance […]
Good Landlording: Addressing Prospective Tenants
With many potential tenants falsifying application forms, landlords need to get creative when screening tenants. Ideally, an effective screening process can detect bad tenants before they sign the rental contract. This guide helps landlords navigate all the necessary screening considerations and shows how to create lie-proof application forms and run background checks. 1. Be Proactive […]
