When it comes time for a tenant to move on from one of your rental properties, you need to make sure you have the right tools to remind them it’s time to go. Most tenants will be aware that their lease is up and talk with you about the upcoming changes. In some cases, you…Read More
Navigating timely rent payments can be a delicate balance for landlords. In this guide, we explore the effectiveness of friendly rent reminders and how they can benefit both landlords and tenants in maintaining smooth rental transactions. Key Takeaways: Rent reminders can be a gentle nudge to encourage on-time payments. Depending on your relationship with the…Read More
Explore the controversial yet effective “Cash for Keys” strategy, a pragmatic solution for landlords navigating tenant evictions. Discover how this approach can streamline property reclamation while maintaining respect and fairness for all parties involved. Key Takeaways Legality and Ethics: Cash for keys is a legal and ethical alternative to eviction if conducted transparently and consensually….Read More
Discover the essential dos and don’ts for landlords considering lease changes. Learn when and how to legally adjust your rental agreements to align with your business needs without breaking into legal pitfalls. Key Takeaways Tenant Consent is Mandatory: Lease changes require agreement from both landlord and tenant, typically through a lease addendum. Use of Lease…Read More
Forbes once recognized ground leases as an often-overlooked development solution, but what advantages do they offer to businesses and property owners alike? With a ground lease, the landlord leases their property for an extended period, usually 49-99 years. But it’s not a standard lease where the landowner manages the property and must approve any developments…Read More
When tenants don’t pay rent on time, you are put into a difficult situation. Landlords need to take swift action to ensure that their business doesn’t suffer due to late payments, but not all landlords will be ready to move straight to eviction. Landlords like you should always have a good grasp on what can…Read More
In this week’s podcast, Andrew Schultz discusses pipe bursts in rentals and whether or not the tenant or landlord is responsible for the costs. Find out how to properly collect application fees if you are an out of area landlord trying to collect payments from possible tenants. And, last, but not least, find out if…Read More
Rental history bureaus are among the most valuable resources available to landlords in screening tenants. Rent bureaus compile and provide information about potential tenants’ past rental behavior to help landlords better predict if they are the right tenants for their property. These bureaus can also perform criminal background checks and identity verification to flag potential…Read More
Navigating the maze of responsibilities for painting rental properties can often leave landlords and tenants in a bind. Who holds the brush, and how frequently should walls get a refresh? Key Takeaways: Generally, landlords bear the responsibility for repainting rental properties to maintain them. Repainting frequency varies, but landlords often aim for every three to…Read More
Landlords must distinguish between tenants, who sign leases and bear financial responsibilities, and occupants, who reside without these obligations. This understanding is crucial for effective property management and avoiding legal complications. Key Takeaways: Tenants are lease signatories with financial obligations and rights, while occupants reside in the leased space without these responsibilities. Tenants handle rent…Read More
