The lease agreement is the legal contract between tenant and landlord. There can be many variations within it as long as they comply with state and local law. One thing that landlords can control is whether it is a month-to-month or year-long lease. There are advantages and disadvantages to choosing a month-to-month or year-long lease….Read More
If you own or manage several rental properties, chances are that maintenance issues are one of the biggest drains on your time and money. In order to keep your properties well-maintained and your tenants happy, it may be time to hire a full time or part time maintenance man for hire. If you don’t have…Read More
Landlords are under no obligation to provide laundry services or washers and dryers in rental units. However, having a laundry facility on site for a multi-unit rental is definitely a perk. It can attract more qualified applicants that are willing to pay more for the convenience of laundry facilities. For landlords that have a laundry…Read More
Leave on for Landlord Utilities Account Eric doesn’t have these accounts setup currently so he calls his utility company to get answers on what is involved with creating a leave on for landlord utility account. We learn some good information as far as common pitfalls to avoid when it comes to a leave on for…Read More
Owning rental property means you own a business. And when you own a business, you need to remember that your goal is to continuously improve your revenue streams. One important thing for landlords to focus on is changing rent to reflect market rates, inflation, and tax hikes that will otherwise eat into your cash flow….Read More
You’ve found the perfect applicant and you’re ready to accept them as your new tenant. What do you do next? Andrew Schultz is our guest on the podcast and he takes us through his process of onboarding a new tenant. There are several costly mistakes that landlords make and Andrew will show you the ropes…Read More
A good lease agreement should state that tenants should leave a rental in the same condition it was upon moving in, minus normal wear and tear. Th Carpets in rental units should be cleaned before a new tenant moves in. But can a landlord charge for carpet cleaning? Is it wear and tear? Or the…Read More
Whether the rental unit is in between tenants or your current tenant keeps bringing you mail for a previous resident, it’s annoying to deal with mail from former tenants with no forwarding address. When people move, they are supposed to provide the United States Post Office with their new address. Here’s what to do with…Read More
It’s something most landlords don’t think about until they have an angry tenant or a situation that occurs at the rental.
Who’s responsible for the big party where a tenant’s guest was injured?
Well, if they have renters insurance you’re in the clear.
In this episode Eric, Steve, and Jeff discuss why renters insurance is something you may want to…Read More
Many landlords have questions about what kinds of repairs they can deduct from the tenant’s security deposit. After all, there can be a lot of gray area when it comes to wear and tear. Most of the damage is discovered after the tenant has moved out and the landlord has a chance to look at…Read More
