Keep a photo history of your rental unit's condition to avoid disagreements over returning security deposits. Take a lot of pictures before giving the keys to a new tenant. Later, when the tenant is preparing to move out, go through your unit and compare its condition to the 'before' photos. This way, you can see whether damages occurred during your tenant's stay.… Read More »
Landlords are some of the busiest people we know. Most have full-time jobs, and many manage their property portfolios with little or no professional help. They're on call for emergency repairs and tenant crises, and they must carve out time to show their rentals, and to meet incoming and outgoing tenants for the before and after walk-through tours.
The absolute last thing the average landlord wants to spend time on is grounds maintenance.… Read More »
Since rental income is the chief reason people consider buying investment properties, choosing the right rent amount requires a great deal of thought. But how do landlords decide what to charge?
Formerly, they spent weeks scanning newspaper ads for comparable rental units, and seeking advice from market experts. Now, though, anyone with internet access and a calculator can figure it out for themselves.
The two most important considerations in setting an appropriate rent amount are:… Read More »
Landlords typically clean carpets, repaint and make minor repairs when a tenant moves out and before a new tenant moves in. At some point, however, addressing normal wear and tear just isn't enough to give a rental the facelift it needs. In that case, it may be time to consider a serious renovation.
How much work should a landlord perform to update a rental property? And, will the work merely keep a unit… Read More »