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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 »

Recent News Articles

GR78_Square Pros and Cons of Selling Your House to Your Tenant
It sounds like a dream come true: sell your house to the person who is currently renting it. By doing so, you can avoid the costs of turning over the property as well as fees associated with selling your home. But is it all positive? Read More »
GR76_Square Should you add your tenant to your social media accounts?
Now that social media is so prevalent, the question of whether or not to connect with your tenants on social media is more common. Should you accept this kind of request, and if you do, what should you do with the information you can learn? Read More »
sq WARNING! Problem Tenant Ahead: 5 Red Flags
When choosing a new tenant, it can be difficult to navigate the information overload that confronts you. You must analyze each tenant's work history, references, number of occupants, and the like. Here are five red flags that can act as shortcuts, and weed out some potentially problematic renters. While these aren’t 100 percent accurate all of the time, they will save you from headaches most of the time! If your prospect does any of these things, take a step back and ask yourself, is it worth the risk? Read More »
Money_Up_Front_11-28-17_SQUARE Money Up Front - Security Deposits and Move In Fees
Traditionally when a renter moves into a new apartment the landlord requires a security deposit (usually equal to one month’s rent) to pay for any damages that may occur. Coming up with a security deposit and the first month’s rent all at once may be difficult for some people, so tenants maytry to pay in increments or negotiate a lower security deposit. While you may feel sympathy for their struggle, it’s imperative to get some form of collateral from them to give you peace of mind, and assist you in case of any damage to your property. With that being said, the “security deposit” doesn’t have to be fixed at one month’s rent or even be a security deposit at all. In fact sometimes a security deposit is the wrong move! Read More »
Can_Tenants_Be_Evicted_in_Winter_SQUARE_10-29-17 Can Tenants Be Evicted in Winter - What Are the Rules?
When things turn sour with a tenant who hasn’t paid the rent, or who has broken other terms of a lease, it’s time to consider eviction. Evicting a tenant is a stressful event, and it is rarely an easy process. To compound matters, there are so many myths about the legal steps that can and cannot be taken during eviction. One pervasive fiction is that tenants can’t be turned out of the rental during cold weather. Is this true? Mostly, no. However, there are actions that a landlord may not take during the eviction process. There are also very strict regulations about cutting off heat-related utilities when the thermometer plummets. Read More »
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