Taglandlord

How to Prepare for a Move Out Inspection

Moving is always a stressful time. On top of your normal duties like work, family and hobbies, you also have to find time deal with everything involved in moving! To help ease your stress a bit, here’s a short guide on how to prepare for a move out inspection. Is a Move Out Inspection Required? Not all states require one, although some do. For example, landlords in Alabama are not required to do...

House Rental Application

There are a few key fields to include in any house rental application. Even though you may choose to add a lot more just for your own information, here’s a list of the most important. Full, Legal Name Some people get used to going by a nickname. But even if it’s part of their full name (such as a Matthew who goes by Matt), make sure they’re filling out the rental application form with the same...

What Your Clients Are Looking for in a Property Management Contract

As a property manager, the contract you present to your clients is crucial. While your company may boast about certain certifications, standards, and reviews on its website or in person, the property management contract is the piece of information that will tell your clients the most about you. They’ll likely be comparing your contract against other property managers’ contracts to see which one...

Landlord Rights

Believe it or not, there are not many spelled out landlord rights that pertain throughout the U.S. Instead, most laws regarding landlord/tenant relationships are dealt with at the state level. This can be a challenge, considering that many landlords own rental properties in multiple states. The good news is that there are a few general landlord rights found throughout the States. These are...

Landlord Responsibilities to Tenants with Disabilities

The best property managers know how to provide exemplary service to all tenants, regardless of special circumstances. With senior housing on the rise, and an aging Baby Boomer population turning to rentals, property managers should be well-versed in the laws regarding housing for people with disabilities. The Americans with Disabilities Act (ADA) became the law of the land in 1990. The ADA is an...

Where to Invest? The Pros and Cons of Urban Markets

More and more Americans are migrating back to urban areas after a decades long trend of settling in the suburbs. According to Census Data, 2.3 million more people moved into one of the country’s 381 metropolitan areas in 2013 than during the previous year. As jobs and economic activity continue to grow faster in urban areas, metropolitan populations will continue to grow. Buying a rental property...

Where to Invest? The Pros and Cons of a College Town

Are you the right kind of landlord for a real estate investment in a college town? You’ll need more than school spirit to profitably house college students, but investing in a college town may be a perfect choice for the active landlord who can handle a certain amount of wear and tear due to youthful exuberance. However, for a landlord who prefers a more passive role in property management...

5 Flipping Mistakes

Despite what television shows have glamorized, investing in real estate as an income is nowhere near a simple task. Although there are many mistakes that an investor is liable to make, here are a few of the top reasons that can usually cause an issue. Calculating Cash Flow. One of the largest mistakes that can be made by a potential real estate investor is not properly calculating the possible...

Rejecting a Rental Application

One of the worst hazards to navigate happens before a tenant even signs a lease: rejecting a rental application. If your pre-screening process is pretty stringent, this may not be as much of a problem- but, every now and again, it happens and handling it the right way is pretty important. Everyone deals with this in different ways, depending on the situation. Some might choose to send a reason...

Selling A Tenant Occupied House

There are a handful of reasons why you might consider selling a tenant occupied home. When the housing market was a bit sluggish, there were a high number of people who decided to become landlords rather than deal with the headache. In doing so, they probably found that it wasn’t as easy as getting someone to sign a lease and handing over the keys. This also begs the question: how do you sell a...

Before You Buy a New House To Rent

We’ve talked a little bit about what you might want to look for when you purchase a house, flip it, and then rent it out. Distressed properties can be a fantastic investment, but that doesn’t mean you have to do it that way. If you’re looking at a non-distressed property for sale to add to your rental properties, there are a few things you’ll still need to look for.

Realtor Turned Property Manager? Software Could = Profitability.

In the wake of the 2008 Financial/Housing Crisis, the real estate industry was dealt a series of direct blows (as could be expected), and indirect effects continue to exacerbate the pummeling; at ground zero the dust has not settled, but what can be deciphered is a re-assignment of equity and the subsequent paradigm shift within the real estate industry.  Over a million new or “converted”...

Tenants, Take Back Your Security Deposits

Stop worrying about whether your security deposit will be returned at lease end. No need to feel powerless, subject to the whim of king landlord. Here are some great tips and pieces of knowledge to help YOU take control, and take back what is rightfully yours. If you are unsure of whether you are responsible for the slight damages -You’re Probably Not! Here’s one that might surprise you: you are...

Landlord: Remember Who You Work For!

It seems tenant farming’s primordial residue has stained modern day renting with a peculiar interpersonal and professional environment, considering landlords stand mightily above ye obsequious tenants. Even more interesting, few seem to recognize the relationship is, well, backwards. Wonder what I’m talkin’ ’bout? Typically, tenants commission other individuals or...

Where the Renters and Real Estate Markets Go From Here!

Okay – it’s time for a look our country’s current political and economic environment, anticipating how they are going to affect YOU as a landlord, tenant, or homeowner in the very near future. It’s a shaky situation that was touched briefly on previously with an article regarding the way Fannie Mae and Freddie Mac operate to facilitate home purchases in this country. However, legislation may be...

When Will the Real Estate Market Pickup? What Does that Mean to Me?

Be you a seller, landlord, manager, tenant, or investor, it’s a looming thought: “when will the real estate market pick up? Though your reasons to pursue the answer may differ, it is, regardless, a common theme. So, our aim today is to help you grasp the fundamental economics behind the United States real estate market, while displaying the importance of the information to you...

Tenant Rights Landlords Should Know

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...

Recession? How To Be An Effective, Prosperous Landlord When The Economy’s Got You Down

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...

The Top 10 Costliest Landlord Mistakes

Classic business philosophy teaches that a great part of survival and subsequent success lies in an operation’s ability to reduce mistakes. The cost of repairing these landlord mistakes is inversely proportional to the amount of profit potential of the operation. In other words…”Mistakes Kill the Profit Margin!!!!!” As landlord’s, we don’t want to do damage to...

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