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What_documents_do_I_need_to_get_started_as_a_landlord_SQUARE

When you’re thinking about entering the market as a landlord, the considerations are many. Before you get caught up in the minutiae of advertising the property, making cosmetic upgrades, or screening for the perfect tenant, be sure to consider the paperwork that may need to be completed before you may legally rent your unit. The requirements to move a tenant into a property vary greatly by municipality. A landlord should be prepared to encounter a process of legal filings, fees, and inspections, and should anticipate potential roadblocks. While the local requirements will dictate what must be done, a general understanding of the terminology and other considerations may make it easier to navigate this process.Read More »

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As a nation, we are preparing to hand over the keys to the White House, one of the world’s most famous home-offices. The White House is an iconic building and National Historic Landmark with a colorful history, but in some ways it is just like any other temporary housing. The standard lease term is four years, with the opportunity for a renewal. The unit boasts 132 rooms and 35 bathrooms, with a private residence onRead More »

Green_Rental_Unit_SQUARE

The green movement may be about environmental consciousness and conservation, but when it comes to your rental properties, there may be an added bonus to going green – it may lead to more green in your wallet.

As international lawmakers have focused on greener policies, energy consumption has become an area of increased regulation.

The trend started with increased attention from government regulators on energy consumption. That led to tax breaksRead More »

Lets_Be_Roomies_SQUARE

How many times have you heard that proposal being made among friends? It is a living arrangement that once was mostly reserved for college students, graduates and other young adults who wanted to save on rent until they moved into more permanent lodgings. Now, it’s an increasingly popular option for 30-something singles and older adults who want to cut living expenses.

The financial advantages seem obvious; yet, are today’s roommates completely thinking thingsRead More »

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Kevin Williams* picked up the phone and heard his rattled tenant say that there were flies in his apartment. Kevin said he'd be there soon. He swung by the hardware store for some bug spray and met his tenant at the unit.

Kevin could have rolled his eyes and told his tenant to calm down. He could have told the tenant to buy some insect repellant and send a receipt with his nextRead More »

View related threads in the General Property Management Forum »

Recent News Articles

Why_Does_Eviction_Take_So_Long_SQUARE Why Does Eviction Take So Long?
You want your tenants out and you want them out today. You have been more than patient, your tenants are taking advantage of you, and things are only going to get worse. So, why can't you just kick them out immediately? Wouldn't any judge understand that eviction is appropriate under these typical scenarios? • Tenants haven't paid rent in months. • Tenants let other people move in and never told you or asked permission. • The last time tenants let you in to inspect, you saw the unit was trashed. These examples – among many others – are lease violations and landlords do not have to put up with them. And, yes, action is definitely called for. Unfortunately, far too many landlords make wrong assumptions about the action they are per Read More »
134844759_m A Proposed Federal Rule Change Has Landlords Anxious
Alarm is spreading among rental property owners over a proposal that would hold them liable if they failed to stop their tenants from harassing other tenants who are protected by anti-discrimination laws. The Federal Department of Housing and Urban Development rule could be enacted as early as this fall. What has landlords with multiunit properties worried is that they would be held responsible for failing to stop discrimination action by one tenant against another tenant in a protected class – even if the landlord didn't know the discrimination was occurring. No need to panic, according to HUD. The rule is only a clarification of an existing policy. And since it doesn't call for any new duties on the part of landlords, HUD states, Read More »
Pokemon_Go_Away_V4_SQUARE Pokemon Go...AWAY!
Things were getting out of hand at the small senior center in Quebec City. Hordes of people gathered every evening on the lawn of the private center on a quiet residential street. Strangers set up chairs and spread blankets as if it were a public park. Using smartphones loaded with a hot new game, the crowds played late into the night. Some nights, according to seniors who live at the site, groups of more than 100 people played Pokemon Go until 3 a.m., keeping the neighborhood wide awake. The center director finally hired a security guard to shoo away trespassers, some of whom had been urinating on trees and dropping trash on the property. Read More »
Should_Your_Rental_Lease_Have_a_Marijuana_Clause_Square_V4 Should Your Rental Lease Have a Marijuana Clause?
Imagine that the single family home you own in a quiet neighborhood was just leased to a family that moved from out of state. You pop by a few weeks after lease-signing to drop off extra keys and see how they are settling in. Instead of beds, sofas and other décor, you find that each room has been fitted with grow lights connected to hazardous tangles of electrical cords. Your tenants have stripped your house of furnishings and converted it into a greenhouse for growing marijuana. Read More »
Landlord_Lease How Vulnerable Are Your Assets as a Landlord?
If you own rental property, you own assets that are at risk. Just as large corporations protect their assets, landlords must be sure their investments are protected, even if they have just one rental property. Read More »
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