Maintenance. The word is often responsible for nightmares and huge pits in the stomach, but it doesn’t have to be that way. While some rental property owners and managers wring their hands and procrastinate over maintenance issues, others have learned that a “plan to maintain” is a critical aspect in the success of their rental property pursuits. Maintenance comes in many shapes and sizes, and …
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Even the best tenant and lease will come to an end at some point in time. Whether your tenant is relocating, moving into a larger (or smaller) unit, or buying a home, turnover is a part of investing in rentals properties. By creating a smooth process, you can reduce the time for the current tenant to vacate …
“A good system shortens the road to the goal.” – Orison Swett Marden Whether you’re creating a sound strategy for investing in property or just trying to maintain the property you already own, organization is key to reaching your best potential. Money: Draw up your personal ‘policies and procedures.’ Establish an accurate picture of your income. (Hint: Don’t …
There are pros and cons to everything in life. And that includes the issue of renting housing property to pet owners. Did you know that in 2020, pet ownership in the U.S. rose from 67% of households to an all-time high of 70%? That’s according to Steve King, president, and CEO of the American Pet Products Association (APPA), in a preview of the association’s …
It is not an easily answered question – there are pros and cons, advantages, and risks. So, let’s discuss it, but before we start, we need to make one item very clear. “The subject of improvements must be clearly defined in the lease.” Some property owners forbid it outright. They prefer to take care of all improvements whether they …
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Your front door is the gateway to your rental –and your #1 curb appeal attention grabber. Upgrading your entrance can make your property’s appeal go to the top of the scale, and it doesn’t have to take a boatload of cash or hours of work. Paint it – choose an eye-catching color that contrasts with the …
The property rental business can be both profitable and rewarding. But either of those hoped-for scenarios will only become a reality for the well-informed landlord. Being fully educated on the laws that govern the rental property industry and the rights of tenants is the first step to success in this business. Step two will be …
Continue reading “Must-Know Renters’ Rights for Every Landlord”
The residential lease has an important task to fulfill. As a legal contract, it should outline the terms and conditions and obligations that will govern the landlord/tenant relationship. The lease or rental agreement must contain “the basics,” including— A description of the property The names of the occupants The terms of the lease The monthly …
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On Thursday (August 26th, 2021), the U.S. Supreme Court invalidated the CDC eviction moratorium. The underlying case was originally filed The Alabama Association of Realtors and contended that the CDC eviction moratorium was unconstitutional. The case will now go through a slow appeal process, but during that time the eviction moratorium cannot be enforced. Here …
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According to TownSteel, 2020 found 40% of Americans are implementing smart home devices, and more than 60% wanted to expand their current setup. This desire for smart connection is not limited to homeowners. Smart home features that help lower their utilities, increase their security, and make life more convenient are a big draw for tenants. They want the option to control …
