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: tenants
21
Oct
Oct
Thorough tenant screening of all prospective tenants is critical to the success of your rental property business. If you place the wrong tenant in your property, you could face enormous financial loss, damage, and even the collapse of your rental property business altogether. Today, we’re reviewing six red flags to look for in the tenant […]
09
Sep
Sep
Requiring your tenants to have renters insurance coverage is one of the best ways to protect yourself, your rental property, and your tenants. Unfortunately, many tenants feel that renter’s insurance is not necessary. Only around 55% of renter-occupied homes have renters insurance, compared to 88% of homeowners who have a homeowners insurance policy. Today, we’re […]
15
May
May
Having one universal lease agreement satisfying every type of lease term possible would be great. However, in reality, every lease is different. So, while using a universal lease form is possible, it is important to note that whether you self-manage your rental property, or enlist the help of a property management company, there are going […]
05
Mar
Mar
Water and energy conservation are at the forefront of many peoples’ minds. As the cost of energy continues to rise, major droughts are also becoming a real threat in regions all across the country. Thus, as the number of people wanting to become environmentally friendly with their daily activities increases, it is important as a rental property […]
13
Feb
Feb
Any responsible rental property owner knows the importance of tenant screening when it comes to placing tenants in their property. You want to ensure the tenant you are considering has no criminal background, verifiable income that can cover the monthly rent expenses and a good credit score. One of the best ways to verify a tenant’s […]
30
Oct
Oct
Would you ever consider leasing your Philadelphia rental property to a tenant you have never met? Most property owners would immediately say “no.” After all, meeting a prospective tenant in person leaves a valuable impression on you and ultimately helps determine whether they are a good fit for your property. But is there really a […]
07
Sep
Sep
Finding a good tenant is only half of a landlord’s job. The other half is managing the property with the tenant in it, which can be a demanding task. To make it a bit easier, many property managers create a “tenant manual.” Even though the rental contract outlines most of the tenants’ responsibilities, a tenant […]
22
May
May
If you own a rental property in Philly, you might know that over a quarter of your state’s population is comprised of millennials. As such, marketing your vacant rental properties specifically to millennials should be a priority. Today, we’ll go over why you should market your Philly rental to millennials and how to highlight your rental’s best features. […]
20
Jan
Jan
First impressions are vitally important in business. For landlords, this begins the very first time a prospective tenant reaches out. To create a great landlord-tenant relationship, the goal is to continually foster positive interactions, including during move-in. Providing new residents with a tenant welcome packet can help set the tone for the rest of the […]