The COVID pandemic has changed many things in the rental industry. However, landlords must have comprehensive and fair rental screening policies that remain consistent. That said, many renters had their income interrupted or even faced eviction due to the pandemic. So, how should future landlords view these circumstances? The trouble is, without thorough screening, landlords […]
Tag Archives: Tips for Landlords
04
Oct
Oct
For already cash-strapped tenants, paying thousands of dollars in an upfront security deposit becomes a barrier to necessary housing. According to Paraag Sarva, CEO, and co-founder of Rhino, residential security deposits total $40 billion in just the U.S. market. But is there any alternative when a security deposit is vital to protecting the landlord and […]
30
Sep
Sep
The COVID pandemic and resulting eviction moratoriums changed the dynamic between many tenants and landlords. While restrictions ramped up, the government stepped in to provide emergency relief to those facing financial hardship due to COVID. Both the CARES Act and American Rescue Plan Act promised crucial funding, but so far, only a tiny fraction has […]
24
Sep
Sep
At one point, cookie-cutter hotels and motels were a traveler’s only option – but those days are gone. The rapidly growing short-term vacation rental industry offers travelers nearly endless possibilities. Thus, this multi-billion-dollar industry has attracted the attention of rental investors looking to cash in on this latest trend. However, owning short-term rentals includes some […]
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 […]
14
Sep
Sep
Operating a rental business requires owners to establish many different processes to remain organized and efficient. Of these, one of the most vital is financial record keeping. That said, failing to maintain organized data as your portfolio grows can quickly become overwhelming and spell disaster. For landlords, choosing the right bank for your business is […]
10
Sep
Sep
A chill is in the air, leaves are changing, and Fall is here, but along with it comes Fall maintenance. Falling leaves can easily clog gutters and lead to water damage in and around the home. That said, seasons changing presents the perfect opportunity for preventative maintenance and a chance to check-in and ensure all […]
31
Aug
Aug
The rental industry is expected to grow exponentially in the coming years. This multi-billion-dollar industry has sparked a new wave of entrepreneurs starting property management companies to fill a need as investors grow their portfolios. Starting a property management company is much like any other small business. That said, there are some differences specific to […]
26
Aug
Aug
Being a successful rental property landlord can be rewarding but is not always easy. Unfortunately, for every great landlord, there are a few bad ones. Do you know what kind of landlord you are? Becoming successful in such a competitive industry demands landlords be at the top of their game with a commitment to maintaining […]
19
Aug
Aug
Whether a tenant moves of their own accord or faced legal eviction, sometimes possessions remain in the home. When this occurs, landlords face a dilemma – what to do with abandoned tenant property? In many cases, tenants simply leave behind trash that landlords are free to dispose of. However, personal items or other property is […]