Laws concerning rental homes are established to protect both the landlord and tenant involved in the lease agreement. While landlords want to make a profit and wish to keep their investment properties safe, tenants want their rights to be respected. As such, compliance with federal, state, and local regulations of rental housing is crucial for […]
Category Archives: Property Management
22
Jul
Jul
The rental agreement is the most critical document for landlords and tenants. That said, a lease involves many different clauses, addendums, and disclosures that each carries its own legal ramifications. In addition, essential components of a lease will vary based on location and the property’s specific needs. So, to thoroughly understand what these additions mean […]
07
Jul
Jul
Any landlord or property owner knows that one of the most expensive parts of a rental business is tenant turnover. Therefore, finding ways to increase tenant retention is one of the most important things a landlord can do. That said, while finding a great tenant takes work, keeping them around requires just as much, if […]
28
Jun
Jun
For some tenants, renting a property with a pool can be the ultimate rental property amenity. They might envision themselves hosting neighborhood barbecues near the water, spending an afternoon relaxing on a raft in the pool, or helping their kids learn how to swim. Plus, a swimming pool adds value to the property overall, which […]
15
Jun
Jun
How many of us have ever had to deal with an incessantly noisy neighbor or other disruptive circumstances? It happens, and when it does, it creates a sometimes hostile but always unenjoyable experience. For landlords, handling complaints from tenants may bring up the phrase “covenant of quiet enjoyment.” Although it may sound obscure, this legal […]
14
Jun
Jun
Maintenance and repairs are some of the biggest expenses for rental property owners. However, learning how to complete simple DIY repairs and knowing when to call experts is important to managing costs. For example, unclogging a toilet could be an easy DIY fix, but hiring a professional plumber can run anywhere from $150 to $700! […]
10
Jun
Jun
For as long as the rental industry has been around, scammers have been looking to take advantage of both landlords and tenants. Whether you are searching for or listing an apartment to rent, understanding the potential for scams will help keep you protected. So, join us below as we discuss common tenant scams, what to […]
09
Mar
Mar
Have you ever wondered if 3D virtual tours are an effective strategy for your property management business? 3D virtual tours have certainly gained popularity in rental property management, including single-family properties. In 2020 Redfin reported that views of 3D virtual tours were up by 303%. When looking for a home, about 31.5 percent of respondents […]
03
Mar
Mar
One of the most common questions for landlords is, “how much should I charge for rent?” While this is a good question, there are several considerations property owners must first address to arrive at a rental fee. For instance, what are the neighbors like, and what does the property offer? Luckily, multiple tools, resources, and […]
01
Feb
Feb
While being a landlord is rewarding and stressful, finding responsible tenants is only one of the hardships you have to go through. If you want your undertaking to succeed, you must be prepared for various emergency situations that may occur on your property. A slow or inadequate response during an emergency can cost you time, […]