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 […]
Tag Archives: risk management tips for landlords
23
Nov
Nov
Providing safe rental properties is a major responsibility for landlords and property managers. Part of keeping a safe environment includes testing for substances like lead paint, asbestos, and radon gas. Today, we’ll review the main concerns of radon in rental properties and how landlords can mitigate risks associated with this toxic gas. Contents of This […]
26
Oct
Oct
When it comes to maintaining a rental property, there are several aspects that you may not even consider–including chimney maintenance. If you have one, regular maintenance and chimney inspections are crucial to keeping rental properties safe. Whether you’re a tenant or a property owner, knowing how to care for a chimney or fireplace is essential. […]
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 […]
19
Jul
Jul
Navigating legal processes can be daunting, especially when it comes to disputes between tenants and landlords. However, disagreements may arise, leaving both parties seeking a fair resolution. Luckily, small claims court offers an accessible and efficient way to address these conflicts. But remember, engaging in small claims court requires careful preparation to maximize your chances […]
27
Mar
Mar
March is National Asset Management Awareness Month, making it a great time to recognize your asset management professionals. But, if anything, it’s an excellent time to learn how improving your asset management practices can play a part in your overall mission and revenue goals. So, read along while we review all you need to know […]
06
Dec
Dec
When you own rental properties, there are several documents to draft, sign, store, and manage. That said, when you’re dealing with sensitive or legal documents, it’s crucial to store them securely and efficiently. After all, the privacy and safety of your tenants are top priorities So, what’s the best way for landlords and property managers […]
Buying Rental Properties, Owning a Rental Property in Maryland, Property Management, Property Management in Carroll County, MD, Property Management in Maryland, Renting a Home in Maryland, Tips for Investing in Rental Properties, Tips for Landlords, Tips for New Landlords, Tips for Tenants
Avoiding Landlord-Tenant Disputes: Top Tips for Property Owners
22
Nov
Nov
Understanding how to professionally and calmly handle landlord-tenant conflicts is an essential part of the job. Although most people avoid confrontation, it may be your job as a landlord to settle an uncomfortable situation. So, let’s go over some ways to resolve landlord-tenant disputes if you are a property owner. What Causes Landlord-Tenant Disputes? Many […]
23
Aug
Aug
No one wants to hear the words “pest infestation.” This is a health hazard, but pests can also damage the rental property and cost hundreds to eradicate. So, as soon as you notice any pest or vermin, it must be dealt with as quickly as possible. That said, getting rid of unwanted pests is only […]
31
May
May
As part of the rental property process, landlords must complete several different types of inspections. Although these take place at different times and for different reasons, the ultimate goal is to protect you, the tenant, and the property. In addition, detailed inspections help landlords discover maintenance issues before they become emergency repairs and ensure that […]