To avoid being abused by bad tenants, a landlord should understand the basic landlord rights before renting property. These rights should be understood but also written and signed as part of the rental lease under the rights of the landlord clause. The Rights of Landlord clause in a lease defines what rights the landlord can exercise with respect to the leased property. Read more
Top 7 Landlord Responsibilities
1. Provide a safe living space. This means that the home must comply with all local, state and federal building, housing and health codes that affect a tenant’s health and safety. Check with your city and county housing authority for a list of items that must be kept at minimum standards of functionality such as ventilation, structural integrity, plumbing and electricity. Some cities also require safety measures like dead bolts on all exterior doors, smoke alarms and fire extinguishers in each unit. Read more
On the most basic level, renting a condo vs apartment is different because a condo is individually owned and an apartment is one of many units owned within a building. There are other differences of course and renters should be aware of the advantages and disadvantages before signing a lease. Read more
The bottom line is that if your rental property is empty you are losing money. Getting a new tenant in place as soon as possible is your top priority and the best way to do that is by marketing your rental property with a clear strategy and execution. As a landlord you should employ the most basic marketing mechanism in “delivering the right message to the right people at the right time.” In order to do that, however, you must first identify your target market: the type of person or people who are best suited to renting your property. Read more
In addition to being a smart business move, hiring a handyman for your rental property can be vital to saving your sanity and keeping your tenants happy. The trick is to find and hire the right person to match your repair and maintenance needs. Please don’t kid yourself; you will have repairs and property maintenance to handle on an ongoing basis and you probably won’t want to be stuck handling it yourself. A reliable, capable handyman should be like your right hand man; a person to turn to for support. Read more
Should I rent my house? There are some key things you should know before taking the leap. If you are considering whether to hire a property management company, please see our blog post about what you can expect from rental management services.
Here is a list of the top 7 things to know when you rent your house: Read more
If you are a landlord or thinking of becoming one then you know that there is more to it than collecting rent every month although that is an important part of the job. Many property owners choose to handle the work themselves but there are many factors to consider and hiring a company to handle rental management services may be the right choice for your business. In making your decision, you will want weigh your options against your needs and ability to outsource including the number of properties you have for rent, your availability and your willingness to manage on a daily basis. A property management company can be a tremendous advantage to your business under the right conditions but only if it is affordable. Read more
A landlord faces certain obstacles but undoubtedly the most difficult is tenants not paying rent. There are steps that you can take to minimize the stress and financial loss when the rent goes unpaid. Read more
There may be lots of reasons to not sell a home you own and rent it out. Maybe you’re moving to another location, buying upwards to a higher priced house, or even downgrading. Before you do you probably should look at the fundamental facts of renting, especially if you have never been a landlord before. Here are some things to consider when trying to decide whether you should sell or rent your house to tenants. Read more
It’s time for upgrading your rental property so you can maximize the rent you charge. One of the ways to get top dollar for your area is to have a clean, updated home not in need of any major repairs. The problem is that you can’t afford to spend a fortune on upgrades. This article will discuss high-impact, low-cost projects that will add curb appeal to your property and maximize your profits.