If your rental property is located near a college, university or trade school, consider renting to students. Setting up a lease agreement for students is different than a typical lease for families or single professionals. Create a lease that caters to a college student’s unique requirements and housing needs, yet protects you against financial loss…
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One of my favorite questions to ask potential tenants is how long they’d like to sign a lease for. This gives me insight into whether they’d be willing to sign an extended lease or if they’re just looking for something temporary, such as signing a month to month rental agreement. High turnover can be a…
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When it comes to managing rental properties, technology can ease many of the burdensome tasks you face as a landlord. Whether you are seeking a way to electronically remind tenants about the rent due date or set up mobile payments, the convenience associated with improved rent collection technology will transform the way you deal with…
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Tenants and landlords may not see eye to eye when it comes to bringing satellite service into a rental property. No matter how badly tenants want a satellite dish, landlords often refuse to allow installation for safety issues, fear of property damage, or ruining the aesthetics. Tenants and landlords must learn how to meet in…
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Tenant vacancy is always a huge issue for property owners. Some landlords assume anywhere up to 10 or 20% of monthly rent for vacancies while others are less conservative. But no matter what number you use, there will always be at least a few days of downtime in-between tenants. Even in the most desirable areas,…
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As a landlord or property manager, you will have to deal with rental or lease renewal agreements on occasion. Every rental lease agreement has a fixed term. The most common fixed terms are monthly (rental agreements) and annually (leases). Many leases begin as an annual agreement that turns into a month-to-month agreement if the annual…
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Tenants and Swimming Pools: Is the sign by the pool stating children cannot be left unsupervised against regulation? Question If it is a violation to single out children, then is the sign I have in front of my pool stating that any child under the age of 10 not be left unsupervised against regulation? Answer…
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Yes, Tenants Lie on Rental Applications Lying on a rental application is nothing new. It’s been happening for years. Sometimes it’s hard to blame the tenant who’s in a tough position trying to find a rental. After all, a roof over our heads is one of the main essential needs for people. But… that doesn’t…
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We get landlords calling into our office all of the time asking us questions about rental judgments and what they mean on tenant screening reports. Basically, a judgment is the last resort for somebody who has money owed to them. The most common ones we see are filed by credit card companies, banks, and past…
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In this day and age, it is very common for renters to band together to share rent and lower their monthly obligations. On a square footage basis, it is far more cost effective to rent a larger space than a smaller one. One bedroom apartment, for example, are often a lot more expensive than 3…
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