Best Legal Documents for a Beginner Landlord
You invest time and energy into your new rental property, and you want to protect your investment. Handing over the property keys to your new tenants can be nerve-racking, as you are trusting them to respect and maintain that investment. To protect yourself and your rental property, you need to acquire several legal documents. These […]
4 Awesome Ways To Prepare Your Property to Rent
It’s that time again. Are you ready to find the perfect tenant? Renting has become a great way to maintain a steady stream of income while you are focused elsewhere. It’s important to receive the maximum possible return value from your rental home, whether you’re giving it to residential tenants or temporary vacationers during the […]
How to Verify That a Renter Is Trustworthy When They Have No Credit History
If you’re only renting units or homes to tenants with an excellent credit history, you might be waiting a while before you get an acceptable application. While it’s true that a good credit history normally equals timely payments, that’s not always the case. There are many potential renters out there who haven’t yet had the […]
When Should You Deduct from a Security Deposit?
A security deposit is often, but not always, equal to one month of rent. Ideally, it helps the landlord or property manager pay for any repairs or cleaning that the property needs when the tenants move out. When the cleaning is over, the landlord sends their tenants a check for what remains from the deposit. […]
How To Get Tenants to Pay Rent on Time
One of the biggest problems that landlords face is getting tenants to pay their rent on time. You can speak with them every month about making late payments and it doesn’t do any good. If you’re tired of having your words go in one ear and out the other, then here is how to get […]
Tenants with Disabilities
The Center for Disease Control and Prevention (CDC) estimates that as many as 61 million adults in the US live with some type of disability. This can cover a wide range of both visible and invisible conditions including issues with mobility, vision or hearing impairments, cognitive disabilities, and more. Whatever kind of disability an individual […]
Landlord Questions to Ask Employers
Part of the tenant screening process is to speak with a prospect’s employer. It is more than just a verification reference to find out employment status and salary. Landlords can ask several questions of a prospect’s employer to determine if that individual’s background is able to meet the standards required to become a tenant. The […]
How to screen without getting sued
Finding the right tenant can be time-consuming, stressful, and difficult. Every landlord has heard horror stories about tenants who can’t or won’t pay rent, damage the property, or make unrealistic demands. It’s critical to screen carefully to weed out the worst applicants, but landlords must be careful in how they screen potential tenants. With numerous […]
Free Nights and Weekends? Why “Great” Electric Deals May Not Add Up
Some electric providers offer what sound like really great incentives, but their rates are actually more expensive in the long run. When you choose an electric power supplier, a small error in judgment could cost hundreds or even thousands of dollars. Learn how to calculate whether offered rates actually add up by keeping in mind […]
What is Landlord Utility Responsibility
Landlords have three options when it comes to utility responsibility: 1. They can choose to pay all of the utilities for the rental property. 2. They can choose to pay a portion of the utilities and charge overruns to the tenant. 3. They can choose to pay none of the utilities. Most landlords will require […]
