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GR77_Square

More and more tenants are requesting to pay their rents all at once, for many reasons. Whether they just sold their house, or they want to offer a lump sum due to a poor credit rating, the occasional tenant may want to put a large quantity of cash in your hand. While that sounds like a dream come true, it is important to evaluate why the tenant is requesting this, and if this makes sense for you.Read More »

When_Should_You_Use_a_Real_Estate_Agent_to_List_Your_Rental_12-4-17_SQUARE

As a real estate agent, you would think my response would be “Always!” but here is my unbiased opinion on this matter. Choosing a tenant, although time consuming, is not exactly rocket science; however, there is some skill involved. For this reason, brokers may be necessary to make the lives of property owners easier; but this convenience comes at a cost. Here are a few questions you should ask yourself before you decide to hireRead More »

ZElectric_MeterSq

It used to be easy for landlords to control energy costs at their rentals; they simply offloaded utility bills onto tenants. That still happens, but when tenants pay for electric, gas and water, they are more likely to demand efficiencies. Fortunately, it doesn’t take much effort to slash energy bills; the chance to save hundreds of dollars a year should be all the incentive you need.

No matter who pays theRead More »

Did_Your_Tenant_Let_the_Pipes_Freeze_SQUARE_10-11-17

Years ago, I leased a small second-floor apartment over a detached garage. They don’t let you do that in my town anymore. I think it has to do with updated building codes and safety rules. Anyway, like most college students, I abandoned my apartment over the holidays for a trip home. I saw what I thought was a good opportunity to save on my utility bills, and turned the heat way down.

Read More »

Should_you_rent_to_family_and_friends_SQUARE

New landlords often consider dipping into the pool of family and friends to fill vacancies in their rentals. After all, these people are known entities, whereas complete strangers come with unfamiliar histories.

Why, then, do some experts advise landlords to steer clear of relatives and pals? The easy answer is that doing so carries unnecessary financial risk. Specifically, landlords risk lost tax deductions and lost profits.

Here are some measures toRead More »

View related threads in the General Property Management Forum »

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GR83_Square Are you worried about renting out your property after reading the horror stories?
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