A fixed-term lease is typically the norm for landlords and tenants entering a rental agreement — and for a good reason. Landlords appreciate a stable rental income, and tenants usually want to settle into a homey unit for more than a month or two. But month-to-month leases also hold an important place in the property …
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Your rental property is cleaned and spruced up. Finally, you’re ready for a tenant to move in and start producing a steady stream of income for you. But how do you reach potential tenants to let them know your unit is available? Here are some ways to get the word out. Classic Signage: While physical …
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Whether or not stated, every rental agreement contains an implied covenant of quiet enjoyment. The promise is implied because it’s a fundamental tenant right under state law and can’t be waived, no matter what is specified in the lease. There is often confusion as to what quiet enjoyment actually means though. Let’s take a closer …
The White House has published a memorandum entitled “Blueprint for a Renters Bill of Rights“. While the Blueprint does not create any new law, it does set forth certain actions that federal agencies intend to take regarding landlord-tenant matters. Assuming property owners and managers are already following the law as written, no immediate changes are …
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Theft is a scary prospect for landlords and tenants alike. Beyond the loss of valuables and the hassle of replacing doors or locks, an intrusion compromises safety and violates a person’s feelings of protection and well-being in their home. So what security improvements will make a burglary less likely on your rental property? Here are …
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A screening process with minimum requirements for income, rental history, or credit score is one of the best ways landlords can secure tenants who can pay rent on time. But what about situations where a potential renter doesn’t quite meet those standards but would otherwise make a great tenant? Or what if a tenant lacks …
Continue reading “What is the Difference Between a Guarantor and a Cosigner?”
Property maintenance: a subject that often causes grumbling among landlords, and with good reason! Keeping a property in good repair requires significant time, work, and money, and your efforts can feel futile if tenants aren’t appreciative or fail to take good care of the unit themselves. But despite the drawbacks, maintenance is a necessary extension …
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As a caring, responsible landlord, the safety of your tenants is a high priority. Maintaining high safety standards will not only allow your tenant to enjoy the unit they’ve rented in peace and security but will also go a long way toward preventing property damage and protecting you from legal claims. But before stressing the …
Continue reading “Establishing Safety Guidelines with your Tenants”
December is a perfect time to reflect on the outgoing year and prepare for the year ahead. If you achieved your property investment goals for 2022, congratulations! Take time to celebrate those milestones and think about how to keep that momentum going into the New Year. But, even if you didn’t achieve your goals, give …
Continue reading “Setting Property Investment Goals for 2023”
In an ideal world, every tenant would pay rent on time, treat their unit with care and respect, and fulfill each lease clause throughout a long, uncomplicated tenancy. But unfortunately, property owners don’t live in an ideal world, nor do their renters. Sometimes a tenant damages property or breaks a lease in a way that …
Continue reading “When Should I be Lenient with my Tenants?”
