Take the Stress Out of Split Rent Payments
Having tenants that split rent payments is not an uncommon scenario. In fact, it may be even more common than a single rent payment for many landlords, especially in college towns. While there is nothing inherently wrong with having rent paid by multiple tenants, it can lead to confusion and headaches if one of the […]
Unpaid City Fees Can Lead to a Lien on Your Rental Property
All cities have various laws and statutes that must be followed to the letter. Otherwise, you are liable for penalties, levies, and fees. You, as the landlord, or your tenants may be forced to pay the fee depending on the circumstances that led to the violations. It is essential to be aware of the potential fees […]
How to Spot a Fraudulent Tenant Application
When a tenant falsifies information on their tenant screening, it immediately complicates the process. This is someone you are supposed to build a relationship with. You should be able to trust them to treat your property like it was theirs. That’s difficult to do if they can’t be truthful during the application process. A potential […]
Income Verification Primer
Ensuring your tenants can afford rent is crucial for protecting your property and providing a successful rental experience. The screening process should include thorough verification of a prospective tenant’s employment status and wages. Knowing the tenant can pay their rent on time eliminates unnecessary landlord-tenant disputes related to late rent payments and avoids financial difficulties […]
Purchasing a Rental in a Neighborhood with a HOA
Homeowners’ associations (also known as an HOA) can make things complicated. Some find them desirable to keep properties nice and support neighborhood character. Others have had a different experience, they can be notoriously difficult to deal with. This can be particularly complicated if you are purchasing a home with the intent to rent it out. […]
Key Things to Know about the Rental Market in 2023
As we get deeper into 2023, several factors continue to shape and impact the US economy and the rental market. Per usual, the industry is still rife with the never-ending speculation of a real estate bubble bursting from some corners. Others predict better prices and a significant shift from a possible bubble burst. This is […]
Your One-Stop Shop for Property Management Software
Individual landlords often spend too much time or too much money trying to find the best way to manage their rental properties. To save money, they may choose from multiple online tools, costing them precious time as they hop from one site to the next. Then, to save on time, they use a property management […]
Stolen Checks: A Case for Digital Rent Payments
Checks are a traditional mode of paying expenses, including rent. However, there are alarming check fraud cases in the US. Thieves are pulling them out of mailboxes, altering the information, and stealing money from the payers. Here are some check fraud cases and how digital payments can help. U.S. Check Fraud Cases There’s a significant rise […]
Escrow Requirements for Rent Deposits: Everything You Need to Know
Are you a landlord looking for information on escrow requirements for rent deposits? This article will explore the importance of understanding and following escrow requirements for rent deposits, the legal implications of not doing so, and what landlords can do to ensure they are compliant. At the end of the reading, you’ll better understand how […]
The New and Existing Taxes Landlords Should Know About in 2023
As a landlord, staying on top of all the taxes that come with owning and managing rental properties can be challenging. Each year the tax code changes, and it can take time to keep up. In 2023, there are some new taxes that landlords should be aware of and some existing taxes that will still […]
