Taglease agreement

How to Evict a Tenant

Having to evict a tenant is never fun… but it’s something every landlord has to do at one point or another. When you are renting out property as a source of income and building wealth, you have to remember that you have a business relationship first, and a personal relationship second. If your tenant isn’t holding up their end of the contract, you need to cut ties as quickly as possible. This...

6 Tips for Efficient Rental Management

Managing a rental property can be daunting, especially if you have less than perfect tenants or property owners. We all know no one is perfect. Knowing your responsibilities as well as the responsibilities of your tenants and owners can be helpful when it comes to rental management. Follow these tips to keep your tenants safe and comfortable and keep your property owners happy. Know Your...

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...

Five New Property Management Mistakes

Missteps. Mess-ups. Gaffes. Or as Homer says, “Doh!” Whatever you call them, mistakes are common in life. Everyone has them, even the best of us, and especially when you’re new on the job. That being said, there are two types of mistakes. There are the ones that you can look at immediately afterward and chuckle about. Things like forgetting someone’s name, or accidentally...

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...

Communication 102: Mediating Disagreements Between Neighbors

Last time I lived in an apartment complex, my landlord asked me to do something weird. He called out of the blue and said “Hey I know this is kind of a weird request but I’ve had some noise complaints about your unit and I think this is the best way to handle it.” My confusion was immediate and I started to sweat from the anxiety of worrying how I could possibly be making enough noise to bother...

Not A Missed Connection: How to Write an Effective Rental Ad

Do you have questions about rental investing? Check out this post for some common questions a real estate investor who is interested in rental properties would be interested in exploring before diving into this article. It’s easier than ever to post rental listings online. But writing an effective rental ad is harder than you think. I’m currently in the middle of a housing search and some of the...

Convince Residents that Renter’s Insurance is a Must

We’ve already covered some reasons why renter’s insurance is a good idea for residents and property managers alike. But how do you convince your tenants to pay for and retain a policy that many people assume is expensive and unnecessary? Be a myth buster Many renters have more than a few misconceptions that keep them from purchasing a renter’s insurance policy. Knowing which myths are most...

Safe Holiday Decorating Tips

I was 19 and decorating my first apartment for Christmas and I had my heart set on a real tree. I checked my lease and there wasn’t a rule against live trees inside, so I picked one out and brought it home. My roommate and I threw a holiday party that year and invited our friends to make ornaments for the tree with colorful paper, glitter, and other tools commonly found in the elementary...

6 Conditions You Need in Your Lease Agreement

Say you just bought your first rental properties and you’re ready to get started on going through applications and getting them filled. But what about the lease agreement? What most novice property managers fail to realize is that the lease agreement is their safe haven in order to keep tenants on the same page. It is a binding contract that should outline what is expected of the tenants, as well...

The Benefits of Smoke-Free Housing

Smoking has fallen out of fashion in the U.S. The number of Americans who smoke is at the lowest rate in over sixty years. According to the CDC only 18.1% of American adults smoke cigarettes, down from 41% in 1940 and 26% in 2000. Smoking is prohibited in indoor public spaces in 28 states, and banned in any establishment that serves minors in another 12 states. Following national trends toward...

Enforcing No Pet Clauses

When you decide to become a property manager with tenants, there are multiple lifestyle considerations such as smokers, handicap accessibility, and pets. Many leases will specify stipulations as to whether or not a tenant can have pets. While many times having a no pets clause and enforcing it can be pretty straightforward, there are some circumstances in which it can become a larger issue. Can...

6 Tips for Finding Long-Term Rental Homes

When you’re looking through the newspaper, online classifieds, or specialty rental sites, you’ll find that most landlords are looking to rent out their spaces on a month-to-month basis, or at the most, a year at a time. While that might be what the average tenant wants, there are some individuals who would prefer to rent and stay put for more than a year, especially since it can allow them to...

5 Tips For Renting a Property

1. Decide what amount you will rent for, ahead of time The best way to know how much a property should rent for is to just check online sources to find out the average price in that area. You want to be realistic about how much you charge, even if the rent is lower than the mortgage payment. This is because if your rent isn’t comparable to others in the area, you won’t lease the property out. 2...

5 Tips to Make Renting Your Property a Success

In today’s economy, it has become more and more popular to rent out a home. Whether you are becoming a property manager for client’s investment properties or just cannot sell your own home at this time, we wanted to offer a few tips to make your rental a success. 1. Document, Document, Document – We all wish we could still do business with a handshake, but it is wiser to put...

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...

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