Updated September 2023 You’ve recently gone through the lengthy process of finding and screening a new tenant for your rental property. Both parties have signed the lease. But then the tenant suddenly contacts you to let you know about their change of plans and that they no longer intend to move in. As a landlord,…Read More
Updated July 2023 Sometimes, you’ll meet a potential tenant that you really like, but they just can’t afford the rent at your property so you have to let their application pass by. In the right situation, however, tenants that have hit hard times will have a Section 8 housing voucher they can use to rent…Read More
As a landlord, it’s common to use different types of leases. Understanding how each of those leases work, their intended uses, and what precautions to take is key to long-term success. What is a gross lease in the real estate and rental business, and how can you utilize this lease type in your own business?…Read More
Working with tenants requiring or requesting a rental cosigner is not uncommon in most locations. Many landlords say it’s more common than not to work with multiple individuals on a lease and sometimes use a cosigner lease agreement. Do you understand why and when to bring in a cosigner on leases? Cosigners can be a…Read More
It’s widely agreed upon in the rental industry that the bottom line of your success often relies on your lease. Ensuring that this document is clear, thorough, and legal further ensures that you can profit while protecting your assets. For commercial landlords, an NNN, or triple net, lease is often considered the best-case scenario depending…Read More
Updated September 2021 When a lease ends, you have the right to decide whether or not you want to renew the lease with the tenant. Some states and cities may put restrictions on how you make this decision, but it is generally up to you to determine if renewing the lease, signing a new lease…Read More
Updated June 2022 Most people think of landlords and tenants living in separate spaces, but what about when you decide to rent out a room in your home? When you do this, you become a landlord just as surely as if you owned another building that you would be renting out completely. Still, the rules…Read More
Landlord-friendly states have laws and procedures that allow landlords to exert more control over their properties. That’s why many small business owners are attracted to working as a landlord in these areas. From the eviction process to programs like rent control, many parts of landlord-tenant law tend to favor tenants. However, not all states slant…Read More
New landlords often make the same types of mistakes. One common error is believing that a lease agreement will protect you from any and all situations and that your lease will never need to be changed once it is signed. However, lease addendums are commonly used by experienced landlords, and there are reasons they are…Read More
Updated November 2021 A signed rental lease agreement is very specific about who’s allowed to live in the rental property. So, what happens when your tenant wants someone else to move in? In that case, you’ll need to add a tenant to the existing lease. It’s key that you make sure to have every adult…Read More
