Most rent collection apps differ in fees, deposit speed, and the tenant’s experience using it. Some charge per transaction, others bury fees in premium tiers, and a few still take five or more business days to deposit funds into your account. Then there’s the practical side. You want an app that’s simple enough that your…
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Updated November 2023 In recent years, California has seen significant changes in legislation impacting landlords and rental properties. Since the end of 2019, the state has implemented a series of laws that place restrictions on when, how often, and by how much landlords can raise rents, aiming to address the severe housing shortage and homelessness…
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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…
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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:…
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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….
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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…
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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…
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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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Owning rental property isn’t all it takes to grow your rental business. Analyzing your properties, markets, and plans is also essential to long-term success. Rental yield is one of the best calculations landlords use to calculate how much they make from their properties. What is it about rental yield that is so powerful? The rental…
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If you’ve got a tenant in rental arrears, you’re likely stressing about how it will affect your business in the coming weeks and months. How will you handle the late rent, and how fast do you need to act? Rental arrears are not a good place for tenants to find themselves, but they sometimes don’t…
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