Updated December 2023 As a landlord, navigating the complexities of tenant relationships is a critical aspect of property management. Unfortunately, disagreements between landlords and tenants do sometimes escalate to the point where actions taken by either party may be considered harassment, which is an illegal activity with serious potential consequences. In this guide, we delve…
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In this week’s episode, Podcast Host, Property Manager & Business Owner, Andrew Schultz, chats about whether or not smart homes are worth the investment or not for landlords. When it comes to work and rental references, what should a landlord ask? Find out the top questions to ask when chatting with references to see if…
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In this week’s episode, Podcast Host, Property Manager & Business Owner, Andrew Schultz, chats about work from home tenants. Does it make more sense to be stricter on wear and tear rules since the majority of the time your tenants are home? Are you afraid you’re too lenient on your tenants that pay rent late?…
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Do you have to tell the IRS about income from a rental property? Yes! Even if you only have one property or only do short-term rentals? Yes! The IRS considers income from renting a property as part of your total taxable income. If you don’t report it and they catch on, the financial consequences can…
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In this week’s episode, Podcast Host, Property Manager & Business Owner, Andrew Schultz, chats about whether or not there should be limits on a tenancy. How long would you keep a tenant? We get it, musty smells in basements are not ideal. So, what should you do with those unfinished crawl spaces in your property…
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There are many reasons to remove a tenant from your rental property, from nonpayment of rent to property damage. When these situations arise, you need a legally sound way to address the issue and remove the tenant from the property. Should you issue a notice to vacate or an eviction letter? These are both legal…
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Ever wondered, “What is a certificate of occupancy?” It’s like your property’s official stamp of approval, issued by the local building and zoning department. This legal document specifies the approved uses of the property, such as residency or commercial activity, and confirms that the building is suitable and safe for those purposes. As a landlord,…
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In this week’s episode, Podcast Host, Property Manager & Business Owner, Andrew Schultz, chats about the necessary steps to ensure that pet odor has been eliminated from a rental property. Sometimes, you’ll come to a rental property that offers oil heat. For those used to gas or electric, this can be, well, scary. Find out…
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Do you want to make more money from your rental property? You can join the new trend of renting it to people who need a place to stay for a short time. These are usually travelers who prefer a homey environment over a traditional hotel. There are currently two big names for listing your property…
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Updated September 2023 In today’s competitive rental market, it’s common for landlords to raise the rent on their properties periodically. While setting the right rent to attract tenants and maximize value is challenging, the bigger hurdle is often discussing and implementing this rent increase with your tenants. Tenants will often question why their rent is…
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