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…Read More
Jumping into the rental industry can feel like you’re going where there are no rules. Without clear guidance about what is and what is not a good investment, it can be overwhelming trying to determine which properties will do well for your business. This is where the rental property ROI calculator is a stress-reducer for…Read More
One of the most underutilized management tools that landlords often forget about is the rental ledger. A rental ledger is a simple way to get immediate insight into your rental portfolio, your finances, and how profitable your business is at any given moment. Do you have a tool that allows you to find discrepancies quickly…Read More
Updated February 2022 Every year, more landlords rely on tenant screening reports to get the information needed while reviewing and comparing rental applications. Sometimes, however, the data gathered through tenant screening isn’t easy to interpret. As tenant screening coordinators, we get landlords calling into our office all the time, asking us questions about rental judgments…Read More
Updated February 2022 Whether you want to thank your tenants for taking care of your property or are simply filled with the spirit of the season, giving Christmas gifts to tenants can be a lovely gesture. It’s a nice way to build goodwill and hopefully encourage longer tenancies. However, deciding exactly what to give tenants…Read More
Updated January 2022 Have you created a system for keeping tenants informed on the latest news during the pandemic? Do you find it easy or difficult to communicate significant changes to tenants? A COVID-19 letter to tenants can be a valuable tool for landlords, to remind tenants about rules, regulations, and safety recommendations that will…Read More
Updated November 2021 While no landlord wants to have to write this type of notice, you must learn how to handle a notice of termination of lease. Whether the tenant has broken the lease or you are changing the property in a way that requires them to go, a termination notice is a must. However,…Read More
Updated August 2021 Buying new investment properties offers fantastic opportunities for your rental business, but it’s not always possible to buy vacant properties. Sometimes properties come with rental contracts already in place, and that means it is time for you to learn how to handle inherited tenants. Inheriting tenants doesn’t need to be a difficult…Read More
Updated June 2021 Tenant screening is crucial for landlords, but does that mean it needs to be an expensive part of the business? Whether you have property managers handling tenant screening or do it yourself, you need to know what tenant screening costs your business will incur. Many landlords hear tales of the hours of…Read More
Updated February 2021 Successful landlords have learned how to be effective business managers. Real estate investment is a business. As a landlord, you are responsible for making the necessary decisions that allow your business to be profitable, all while staying within the law. One of the most effective things a landlord can do to run…Read More
