As a landlord, collecting a security deposit offers numerous benefits. You are able to cushion yourself against potential financial issues that can arise during the term of the tenancy. Including, when the tenant moves out without clearing a rent balance. That said, a security deposit may not always provide enough cushion in such situations. So, […]
As a landlord, it’s crucial to ensure your property is in the hands of high quality tenants if you want a smooth rental experience. While conducting initial screening checks is a well-known practice, many landlords overlook the importance of renewal screening checks. Renewal screening checks should be an integral part of your tenant management strategy. […]
Becoming a long-distance landlord is a big decision, but it can be very rewarding. More often than not, people become long-distance landlords when they move to a different state and decide to rent out their property. Converting a residential unit into a rental space can create another source of income which is a definite advantage. […]
One of the most common problems many landlords encounter with their rental business is having to deal with tenants who continue to occupy a property beyond the expiration of their lease. When tenants choose to stay even after the lease term has ended, they essentially become “holdover tenants.” As a landlord, you need to understand […]
When it comes to being a landlord, there are many things to keep in mind to ensure that everything runs smoothly. One of these important things is the move-out process. As a landlord, it’s crucial to provide your tenants with move-out letters in order to communicate important information and expectations about the process. In this […]
Property vacancies are inevitable, so you need to be prepared and take proactive steps to find qualified tenants right away. Making this a priority reduces a landlord’s stress and limits interrupted rental income. Aside from being a financial setback, there are other risks you’ll face when you have an empty rental unit. Among them is […]
Are you a landlord looking for a reliable and hassle-free way to assess whether or not to accept a tenant’s pet into your rental property? Look no further than pet screening! As a responsible landlord renting out a unit, you want to ensure that your property is being rented to responsible and trustworthy tenants, and […]
When it comes to managing a property and developing positive working relationships with tenants, communication is essential. It’s critical to have several effective communication channels for the landlord and the tenant, whether it’s to talk about a maintenance issue, a tenant complaint, arrange a tour, or provide an update on rent payment. In this article, […]
Are you a landlord trying to keep track of which rental documents you should have in place? Whether you’re a new landlord or an experienced one, ensuring that your rental documents are all in order is essential. From tenants’ records and applications to disclosure documents and property inspection forms, there are many records required by […]
The best way to maximize your rental income is by keeping your rental property occupied by tenants. However, to do that, you must have an effective rental marketing process. Sadly, this is an area that many landlords sometimes get wrong, especially those just starting out. For lack of experience or otherwise, they end up making […]
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