Whether you’re expanding your rental business or deciding which properties should be your focus moving forward, knowing how to calculate the income-producing value of your properties is essential. Landlords often use NOI calculations to help with these complex decisions. Are you familiar with NOI and the value of a good NOI calculator? NOI, also known…Read More
Are you exploring opportunities in the real estate market that cater to retirement communities or assisted living homes? If so, you may encounter a unique contract known as lifetime rent or a life lease. Lifetime rent, commonly observed in retirement villages and assisted living homes, allows tenants to fully control a home within a supported…Read More
Finding tools to make your work as a landlord more efficient is essential if you want your business to grow. However, it’s also crucial that any tools you use meet reasonable legal standards that must be followed during tenant screening. To that end, is BeenVerified legal to use for tenant screening? There are many ways…Read More
Discover how to handle tenants who leave without paying rent: from proving property abandonment and assessing unpaid dues to legal avenues for recovery, learn strategies to safeguard your investment and mitigate future losses. Key Takeaways Document Everything: Ensure you have proof of the tenant’s abandonment and unpaid rent to support any legal actions. Legal Recourse:…Read More
When a tenant won’t be living at your property for a full month, it’s unlikely they will want or be willing to pay for an entire month’s rent. And you shouldn’t expect them to! Instead, you should make the most of flexible move-in dates while still keeping consistent rent due dates by using prorated rent….Read More
Understanding leases is crucial for landlords. After all, the lease is the backbone of your rental business, defining the rules of engagement between you and your tenants. It’s your rental playbook, safeguarding both your interests and those of your renters. In this guide, we’ll break down lease jargon, explaining what a lease is, what key…Read More
Navigate the complexities of lease termination with our guide on crafting a legally sound 30-day notice to tenant, ensuring clear communication and protecting your rights as a landlord. Key Takeaways Legal Compliance: Ensure your 30-day notice to tenant adheres to legal standards, specifying clear reasons for lease termination. Clear Communication: Provide concise yet comprehensive information,…Read More
Embarking on the landlord journey can be exhilarating, but the lease agreement—your legal safety net—can become a source of headaches if not wielded wisely. Ideally, the lease protects your rental property and your investment, along with the rights of the tenant to use that property. Getting the lease agreement right is important because if issues…Read More
Are you trying to navigate the legal landscape of property rental? These laws, intended to create a fair housing equilibrium for both landlords and tenants, aren’t always crystal clear and may, at times, appear counterintuitive from a landlord’s standpoint. It’s all too easy to inadvertently hit a legal pothole and find yourself with significant troubles….Read More
Navigating the maze of landlord-tenant law can be a perplexing journey. Landlords often find themselves grappling with similar legal quandaries and frequently turn to landlord-tenant lawyers armed with a barrage of questions. Although each situation is inherently unique, we understand the need for insights that can serve as a compass in the complex legal terrain….Read More
