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Advertising for Tenants & Showing the Rental Unit

Advertising for tenants might sound straightforward or extremely complicated; the truth is that some rental units are easy to fill, while others require landlords to kick in a free 70" LED TV and a full-time masseuse, depending on the market. Below is not a step-by-step directions list but a general roadmap, to help new landlords find the fastest, least expensive way to fill their rental unit with a qualified tenant.Read More »

How to Screen Tenants & Reject Bad Applicants – Without Running Afoul of Fair Housing Laws

Shoddy tenant screening is to blame for many tenant problems that landlords experience. Bad tenants will refuse to pay rent, ruin your rental property, invent reasons to sue you, and then tell the judge that you're evicting them unfairly. In short, they are an expensive nightmare.

So how do you spot these rotten apples?Read More »

Checklist for Executing the Lease Package & Transfer of Possession

After you’ve reviewed an applicant’s rental application, credit report, criminal background and verified their income and housing history, and you feel confident in their likelihood to pay the rent and treat the property well, it’s time to execute a legal contract to formalize your arrangement. Call the applicant, inform them of your decision to move forward, and schedule to time to meet them in person at the rental property.

If signing the lease agreement inRead More »

Raising the Rent: The Landlord's Guide to Successfully Raise Rental Income

Unfortunately, real estate costs rise over time, from property tax bills to insurance premiums to repairs and upkeep, so landlords sometimes need to raise tenants' rental payments. Raising tenants’ rent can prove a challenging conversation for many landlords, so here are a few suggestions to help make this discussion a successful one.
Tip 1: Planning Ahead
Many states require advance notice of at least 30-90 days when raising rent. This is something youRead More »

8 Ways to Reduce Rental Vacancy Rates for Better ROI

Vacant rental properties ruin the return on investment properties – period. Hazard insurance, mortgage payments, property taxes, utilities, break-ins, vandalism, maintenance, and landscaping are just some of the costs associated with vacant rental properties. Reducing your vacancy rates to a bare minimum is extremely important, if you intend to have a successful real estate investing career.
The following eight tips will help minimize vacancy rates, and thus maximize your ROI.
Before You Invest…Read More »

Handling Lease Violations: Catching Tenant Violations Early & Why Written Notices Matter

Every landlord has encountered the messy, can't-be-bothered tenant, who has the attitude that “it’s not my property, so why should I care?” While every tenant wants their home to be clean and in good repair, not everyone actually bothers to do the work it takes to keep their home that way.

Nor are all lease violations about dirtiness, either. Tenants could be keeping a prohibited pet, or failing to keep smoke detector batteries working, orRead More »

Overview of the Eviction Process: A Step-by-Step Guide to Eviction

The eviction process can be time-consuming and expensive, and a source of confusion for many landlords. Being (and staying) informed about the eviction procedure for your individual state is not only proactive but crucial to successful property management. Each state has its own set of eviction laws and regulations, and in many cases, eviction procedures may also be set by each jurisdiction as well. To make matters worse, the eviction terminology varies by location asRead More »

Preparing a Vacant Rental Unit for Showing to Prospective Tenants

Just like Elton John’s “Circle of Life”, there is of course a cycle to tenancies; new tenants come, stay a while, then move on (hopefully without doing too much damage to the property), and then it is time to find the next tenant to make your rental property their home.

The recent tenants have vacated your property, and you’re now paying the mortgage and anxious to find new tenants to occupy your vacant rental unit.Read More »

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 »
GR77_Square Does Accepting Prepaid Rent Make Sense?
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 When Should You Use a Real Estate Agent to List Your Rental?
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 hire a broker or DIY. 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 »
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