One of the most important policies you will need to create when deciding to rent out a property or drafting your lease agreement, is developing a rent collection policy. Your lease should say how much rent is due, what day it is due each month, and give details on what forms of payment are accepted […]
Finding the perfect rental can be a process, but moving into one, can be a whole new ball game. While the stress of moving can be mitigated with some proper planning and clever moving tips, it is still always a bit stressful on everyone involved. This can be especially true if you are in the […]
As landlords, most of us know the pain of having bad tenants and the process and legal actions that sometimes have to be taken when dealing with them. We know what to do when we have a bad tenant but what about when you have a good tenant you want to keep? All landlords […]
When you rent a place to live, you are often most focused on important details like location, neighbors, community, and other must-have rental features. But what if, as you move the last box into a new place, you realize that your living room have no overhead lighting? Lack of overhead lighting occurs in rentals for […]
Writing about the real estate industry often coincides with searching for that perfect photo. For me, that can mean sifting through dozens of cheesy stock photos in order to find a gem. When I came across an article from Apartment Therapy on the home buying process according to stock photos, I couldn’t resist a good […]
The Effect of Automatic Rent Payments on Tenant Late Fees Download the white paper here. An analysis of rent payment data reveals how renters can save money by paying rent online and using automatic payment options to avoid late fees. SUMMARY Monthly rent accounts for a large portion of a renter’s income. With rental markets […]
If you own rental properties or you are a real estate manager targeting the elderly, you need to be careful when it comes to furnishing or managing senior housing. For the elderly renters the requirements may be complex. Research from the Harvard Joint Center for Housing Studies indicates that there has been a major increase […]
Property management certainly has its ups and downs, and each day can bring with it new challenges and duties. This diverse range of tasks can make finding the appropriate attire a challenge at times. But in spite of that challenge, we know that first impressions matter. And in a world where professionalism is key, these […]
The landlord-tenant relationship is critical to successful property management, and like any relationship, a good one requires care to foster mutual respect. You want a tenant who is respectful of amenities and responsible with upkeeping tasks—changing the air filter, maintaining a pest-free living space, or making sure the water is running in winter. And a […]
In today’s modern world, everything can be done on the tips of your fingers! Smartphones and tablets have made things easier for everyone. You can order your clothes online, or your books, or even electronics from the comfort of your homes. There is no need to walk around and spend your whole time trying to […]
Maintaining a residential property requires active care and preventive maintenance to ensure the longevity of your home. In the case of rental housing, most owners do not live onsite and rely on tenants and management to maintain the condition of their investment property. Despite one’s best effort to screen applicants in order to find […]
Property managers that thrive execute one thing very well: Efficiency. Because there are so many moving parts that go into running a successful rental business, property managers need have a system that keeps them efficient and effective. Property management software gives landlords and property managers a convenient solution to organize their rental business and streamline […]
Congratulations on making the leap towards owning an investment property. Real estate investments are often seen as one of the most reliable (and profitable) investment opportunities due to the tax benefits and income potential. However, a reliable and profitable investment will only become safe and lucrative if managed properly. A new landlord needs to take […]
Make a lasting first impression with a Rental Resume to make sure your landlord remembers you during the rental application process. Applying for a rental home can be as competitive as landing your dream job. The best properties will attract the most qualified tenants, and as a renter, the application process should be approached like applying […]
Landlords and property managers are required to follow their federal, state and local laws about informing tenants of policies, facts, and rules about the property. Any information that is shared with a renter about the property or a renter’s rights are considered disclosures. Landlord disclosures can either be included in the lease or rental agreement, […]