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
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
It’s true, a landlord’s responsibilities often require the property owner to wear many different hats. In this guide, we will assess all the landlord responsibilities you should be aware of before investing in self-managed rental properties. By understanding your basic obligations it will allow you to avoid unnecessary issues with tenants and the governing bodies….Read More
A rent roll is a simple concept that sometimes is misunderstood, but landlords need to realize the benefits that using one regularly can have on their business. Why are rent rolls so easily misunderstood? Because the roll can have different applications depending on who is requesting the rent roll. What landlords need to know is…Read More
Navigating utility responsibilities in rental agreements is essential for landlords and California tenants. Understanding who bears the cost can prevent legal issues and ensure a smooth tenancy. Key Takeaways: California landlord-tenant laws do not mandate landlords to cover utility costs but require clarity in lease agreements. Landlords must ensure tenants can access utilities and cannot…Read More
