Kaycee (Wegener) Miller manages marketing and media relations for Rentec Direct, bringing a unique perspective to the world of property management and proudly shares industry news, products, and trends within the community.
When it comes to signing a lease agreement between landlord and tenant, what is the standard process? The rental lease agreement is a formal contract between a tenant and a property owner, or a representative of the owner, like a property manager, outlining the terms and conditions for living at a rental property in exchange […]
Owning an investment property requires a little more work than simply collecting rental payments, paying the mortgage and pocketing the profit. First-time landlords will benefit from understanding all the expenses that go into owning a rental home beyond a mortgage payment. An investor’s budget should allocate for standard homeowner expenses like mortgage, taxes, insurance, and […]
Proper file management for landlords and property managers can save you tons of time if ever faced with an audit, legal dispute, Fair Housing claim, or if you simply need to find specific lease terms. Like most businesses, state and federal guidelines dictate which files professionals in the rental industry must keep and for […]
No matter how much you screen your tenants, the truth of the matter is, landlords will probably spend some time cleaning up after tenants when they vacate a rental property. But a little elbow grease is nothing compared to the cost of repairing property damage. Whether the result of bad tenant behavior or normal wear and tear, […]
With the first day of school around the corner, college towns across the nation are preparing for the mass arrival of students moving into rental housing. While a lease may begin at any time throughout the year, rental housing in college towns tend to have the majority of leases starting at the same time in […]
When searching for a new rental property to call home, renters may find themselves working with a few different types of rental professionals. Rental brokers, leasing agents, property managers and landlords all work with renters in different capacities. Depending on where you live and the local market, you might be more likely to work with […]
Landlord-tenant relationships can require some navigation, as anyone who has been a renter, manager, or landlord knows. From legal rights to proper communication, it is important to understand just how to approach common situations for the best possible outcomes. You can find some articles I’ve written on themes surrounding this topic for Rent.com. Rent.com is […]
Choosing a vendor for your rental property business involves more than finding a service provider skilled in their trade. Every vendor you hire becomes a representative of your business and their service will affect the experience of your tenants and owners. In order to protect your business’s reputation and ensure the safety of your […]
Becoming a landlord can be a great way to earn passive income and save for the future. And whether you became a landlord accidentally (through inheritance or a simple need to create income with an extra property) or have purchased a property with renting in mind, every landlord has to start somewhere. Learning the basics […]
One of the biggest cash flow killers in property management is tenant turnover. When a tenant moves out of your rental property, not only do you miss out on monthly rental income from the unoccupied unit, but the costs continue to add up when you factor in the additional steps it takes to get your […]
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, […]