Requesting, reviewing, and contacting references is a crucial step in the tenant screening process. In the past, we have discussed how to do just that, along with some tips for how to double-check and ensure a potential tenant’s references are even real. However, while getting an outside perspective of a tenant can be helpful, it’s […]
Tag Archives: common landlord mistakes to avoid
26
Aug
Aug
There is no way to avoid the fact that mold spores are floating around your rental property at any given moment. It’s natural for mold spores, among many other contaminants, to be present in the air we breathe. However, when humid weather hits, and the climate dampens, these mold spores tend to flourish if not […]
17
Aug
Aug
First-time landlords are a unique group of people. Some are homeowners looking to upsize or downsize and want to lease their homes. Others are investors seeking ways to fund their retirement or quit their corporate jobs. Some may be accidental landlords who must turn their primary home into a rental property for one reason or […]
02
Apr
Apr
Did you know that the average roof repair cost is $1,121, with most property owners spending between $386 and $1,873? That’s a lot of money for one property repair. Yet, having a sound roof on your Philly rental property is crucial to keeping your property and tenants safe and dry from the stormy weather that so often […]
06
Mar
Mar
Owning rental properties can be a lucrative business plan if managed correctly. After all, being a landlord is no simple task. A ton of time, money, and effort goes into investing in rental properties and remaining successful. However, if you’re a new investor, it can be challenging to recognize the red flags of an investment […]
14
Dec
Dec
Investing in a rental home often means getting a great deal on a property that needs some upgrades. With the overall goal to make your investment property appealing in order to get the highest rent rate possible, it is sometimes necessary to go beyond fixing the required damages that exist; sometimes, you need to take […]
17
Nov
Nov
No landlord wants to deal with the inevitable cost and hassle that comes with eviction. However, it is sometimes necessary as a legal means for removing a problem tenant. As frustrating as the situation may be, landlords cannot resort to their own means of eviction. In fact, state laws are stringent regarding evicting a tenant, […]
16
Nov
Nov
The rental agreement is the most critical document to the success of a landlord-tenant relationship. However, many owners do not fully understand the legal implications of this document. As a result, some landlords opt for cookie-cutter leases that do not offer adequate protection instead of consulting a professional property manager or attorney. But ensuring the […]
24
Oct
Oct
Being the owner of a rental property comes with many challenges. You’re not always sure if your tenants will pay their rent on time, if they’ll treat your investment property right, or if they will conduct illegal activities in your residence. While thorough tenant screening does a lot to reduce these risks, nothing is guaranteed. […]
23
Jun
Jun
The average rental rates continue to rise nationwide, and the percentage of people living with someone other than their spouse or partner also continues to increase. As such, it is important for property owners to understand what it means to lease their rental property to roommates. Today, we will discuss five crucial things landlords should […]