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 […]
Tag Archives: tenants
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 […]
02
Nov
Nov
Rent increases are a normal and even expected part of any rental property business. Moreover, unless local law includes rent control policies, landlords are free to increase the rent as they see fit. While the goal for all investors is to make money, relying on rent increases to do so can easily backfire. Instead, […]
22
Sep
Sep
Normal wear and tear are something every landlord must deal with at one point or another. On the other hand, handling tenant damage is a different process entirely. In many cases, determining the difference between normal wear and tear versus tenant damage is a fine line. In addition, this can be a significant source […]
15
Jul
Jul
Being a landlord is not a 9 to 5, Monday through Friday job. That said, being a rental owner comes with both pros and cons. Plus, there are times when working in a non-traditional industry such as real estate can wreak havoc on your schedule. For example, one of the common disruptions for landlords […]
13
Jul
Jul
Facilitating property tours for prospective tenants is an essential part of being a landlord. In fact, this step in the process is just as crucial as marketing to and screening potential renters. Most landlords realize that showing their property in the best possible light is crucial. Sometimes a deep clean, staging furniture, or boosting […]
06
Oct
Oct
Learning how to retain your tenants, and encouraging them to sign lease renewals, is something all successful property owners do. In fact, learning this skill early on saves you time and money in the long run. When tenants renew, you eliminate the need to advertise a vacancy, screen for new tenants, draft a new […]
26
Dec
Dec
As a rental property owner, it is your job to find ways to screen for the right kind of tenants to lease your Bel Air property. This is especially true if you want to become a successful landlord. While screening, you might look for high quality tenants with good paying jobs, that have the ability […]