When the relationship between an owner and property manager goes south, parting ways can prove complex. After all, if you signed a property management agreement, the terms of cancellation are not always up to you. That said, if the property management firm is not living up to what they promised, you may be well within […]
Tag Archives: risk management tips for landlords
16
Mar
Mar
Even with the best of intentions entering a lease, life happens. Tenants may need to transfer or break a lease for various reasons, including military service or job relocation. However, regardless of the transfer reason, landlords must protect themselves and their interests. So, join us as we define the types of transfer clauses and, more […]
18
Feb
Feb
Across the nation, more and more neighborhoods are bouncing back from the pandemic woes of 2020. However, precautions are still needed to keep everyone safe. As a landlord, showing properties is challenging while trying to adhere to social distancing and sanitation requirements. That said, there are many showing alternatives that landlords can utilize to still […]
01
Feb
Feb
For landlords and tenants, the line between damages and normal wear and tear must be clearly defined from the start. Therefore, it is critical to outline what happens when repair issues arise to prevent disputes down the road. In general, landlords cover the cost of any standard maintenance in the rental property. That said, some […]
29
Jan
Jan
Screening prospective tenants is a tedious but necessary part of being a successful landlord. Nationally, the average eviction rate is around 3%. However, according to the Aspen Institute Financial Security Program, post-COVID eviction rates could jump as high as 20% in the coming year. As job and income loss heavily weigh on renters’ minds, landlords […]
28
Dec
Dec
Landlords face many challenges as part of running a rental property business. However, one of the biggest challenges is dealing with all kinds of problem tenants. Trying to handle these difficult tenants can put landlords to the test. So, it is vital to recognize issues early and know how to prevent them from getting out […]
23
Dec
Dec
They say you do not realize what you have until you must pack and move it all. Moving is a stressful, exhausting, and daunting process at any time. However, the added strain of moving during the COVID-19 pandemic creates another layer of concerns and considerations. That said, some people’s circumstances do not offer timing flexibility, […]
21
Dec
Dec
The COVID-19 has hijacked many fun festivities as we head into this Winter season. It is no doubt that gatherings will look different this year, but the holiday spirit is in full swing. Despite the pandemic, tenants may want to have small gatherings, spend extra time decorating, or skip town to visit close family. How […]
07
Dec
Dec
A rental property lease is the most important document a landlord can have. The legal contract between a tenant and a landlord outlines expectations, costs, requirements, and usage rules for residents to occupy a rental property. That said, there are many variations to the lease terms, but there are two main types; annual leases and […]
02
Dec
Dec
Financial hardship can strike anyone at any time. Especially in the continuing struggle surrounding COVID-19, many landlords may feel the strain of months of unpaid rent or stalled eviction proceedings. When you rely on rent payments to pay your mortgage, what is a landlord to do? Bankruptcy is a last resort, but it is essential […]
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