In this week’s episode, Podcast Host, Property Manager & Business Owner, Andrew Schultz, chats about how to go about charging tenants for any damage they caused to a rental property. So, your tenants were given a move-out date and agreed that it would work for them, but days after that date, all of their belongings…
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Collecting rent is central to your business and success as a landlord. What if you could be doing this with more efficiency and effectiveness? Rent collection doesn’t have to be a tedious task, and tracking the payments collected doesn’t need to take up much time. Instead, you could be saving time, money, and your sanity…
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In this week’s episode, Podcast Host, Property Manager & Business Owner, Andrew Schultz, chats about using electronic locks for rental properties and which ones are Rent Prep’s top picks. Can you look up a tenant’s criminal history? You sure can. But, what you can do with the information is a puzzle on its own. Find…
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When renting out a property, the tenant gains the right to use the property as their own. In doing so, they take on specific responsibilities. Is the tenant responsible for lawn maintenance as one of those responsibilities, or does that job still fall to the landlord? This question is confusing for many landlords, particularly when…
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Before buying a new investment property, it is essential that you work through your rental property inspection checklist and ensure that you are making a wise choice. Inspections done by you and by professional home inspectors will help you better evaluate potential repair and renovation expenses and rentability. If you choose to skip an official…
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In this week’s episode, Podcast Host, Andrew Schultz, chats about tenants that make a request for an unnecessary repair or upgrade. When dealing with contractors for your rental, find out if it is the tenant or the landlord’s responsibility to let the workers in. Last, but not least, find out what a landlord should do…
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When tenants move out, landlords often end up with many things that need to be donated or hauled away, and it can become a real expense to pay for these processes. This leaves many landlords wondering the same thing: Who will pick up furniture donations for free? Donating furniture in good condition that is left…
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Once you sign a lease with your tenants, how they decide to split the rent between them is out of your hands. However, it’s good practice as a landlord to be aware of the tools tenants may use and what troubles they might encounter. One tool worth knowing more about is a rent split calculator….
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In this week’s episode, Podcast Host, Andrew Schultz, chats about using a realtor to find and screen your potential tenants. We’ll also go over a recent story about squatters that moved into a family’s newly purchased home. Let’s just say the family was surprised to find people living there after just buying the property on…
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When landlords request proof of income, it can feel like an invasion of privacy, but that’s not accurate. Proof of income can help you ensure that your business will be secure and that the rental applicant will be a good fit. Without verifying a prospective tenant’s income, there’s no way to be sure either of…
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