Posts Tagged ‘rent’
Today the Witt leaves rent’s history for a spell, and the Rent Lobster makes a dash from advice to bring a more interactive piece regarding real life experiences to assist both tenants and landlords. Naturally, tenants only speak of landlords when angered, seldom giving any praise. However, this is to be constructive on both ends as we all seek to improve in the ever growing world of rent. The Witt and The Rent Lobster will start us out. Anyone else with a story is encouraged to share. To the testimonials!
From the Witt - Last time I gave a very generalized history of how the relationship between landowners and renters began and evolved. Hopefully without being too specific or detailed I can add a little perspective on how we got to where we are as a society when it comes to our freedom to rent, and, in a basic sense, where the capital to rent sprang from in the first place. This article also should highlight the ideological perspectives that make renting practicable.
At RentPost we try to provide you with the entire spectrum of data when it comes to leasing and renting and making better decisions. We even offer some good do’s, don’ts and general points of reference when it comes to landlord-tenant interactions. However, no explanation, no matter how involved, of the science of renting could ever really be complete without paying a little attention to its history. By learning about the history of renting, it becomes a little easier to see how it, as a business, has evolved to the point it’s at now. By putting leasing and renting in a historical context, we can all make better business decisions today.
Welcome back to the world of RentPost. Hopefully, you won’t mind an existential moment from the Rent Lobster, but our aim here is to simplify rent and all the issues surrounding rent. As we expand, the goal will become apparent to all those familiar with RentPost whether you are a landlord, property manager, or tenant. For these reasons (and many more!), a series of informational articles will follow this heartfelt moment intended to mutually benefit both landlords and tenants. As landlords learn to be better landlords and tenants learn to be better tenants, frustrations, costs, unnecessary complexity, and animosity wane from the historically bitter tenant/landlord relationship, breaking new ground in the way rent is approached. Let’s begin making this world a better place, one renter and one landlord at a time with the fundamentals – basic tenant rights.
When recession seems imminent and your livelihood as a landlord is in an apparent state of limbo, it is unwise to lethargically stand by and wait for for disaster to strike, armed only with crossed fingers of hope – be proactive! Do not let your fear of worsening the situation prevent you from improving it; prepare for action, and turn the change in economic climate into opportunity. It’s simple, yet overlooked – your tools for tackling the recession are of preparation and treatment.
What are the problems?
1. Old tenants leave
2. It becomes difficult to find new tenants
3. It becomes difficult to collect rent
Solving any of the three starts with the fundamentals, and intimately knowing your operating expenses provides you with many avenues of attack. Meticulously breaking down your expected costs into category, organized by appropriate time segments (monthly) gives you an accurate idea of what expenses you can expect to incur in a given month.
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