When you’re dealing with many properties and tenants, you’re bound to end up in some situations where you aren’t sure what you are and are not responsible for. One situation that happens more commonly than you might think is when a tenant moves out without paying all of the utility bills, or perhaps they haven’t…Read More
The lease agreement is the legal contract between tenant and landlord. There can be many variations within it as long as they comply with state and local law. One thing that landlords can control is whether it is a month-to-month or year-long lease. There are advantages and disadvantages to choosing a month-to-month or year-long lease….Read More
Experienced landlords know that the best way to make a profit is to rent to good tenants who want to stay a long time in their rental property. Frequent turnovers mean increased costs, so it is in a landlord’s best interest to put tenants into as long of a lease as possible. But what kind…Read More
Taking on a roommate can give you many advantages including shared household expenses, lower rent, and additional company. However, bringing a co-tenant into your rental without the proper permission and steps can be considered illegal subletting. Depending on your state and the terms of your lease, you may be financially penalized or even evicted. Even so, adding…Read More
If you are a good landlord, chances are you know your lease agreements like the back of your hand. You’ve avoided the generic online versions and crafted a fine lease document that covers every aspect of your property. So, do you need to read the lease agreement again after your tenant signs it? There’s at…Read More
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…Read More
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,…Read More
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…Read More
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…Read More
