Archive for January 2024

While landlord tasks can be rewarding, many can also be tedious and time-consuming. With some planning, however, these tasks can become easier to tackle and less time-consuming. Take a look at what steps can make these tasks simpler for you! Rent collection Rent collection can be one of the more difficult duties of landlords. To…

Renting a home can be complicated, particularly when tenants arrive or leave on dates that do not fall within the normal monthly cycle. Landlords can use prorated rent policies to ensure fair and transparent calculations. This guide will show you how to accurately calculate prorated rent calculations as well as create policies to streamline property-management…

Landlords owe tenants many duties. One of their primary responsibilities involves handling security deposits and tenant damage costs. Making informed decisions regarding deposits and reasonable charges will not only ensure a smooth financial transaction but also foster trust between landlords. This comprehensive guide explores a landlord’s road map for deposits and reasonable charges while discussing…

Renting and managing rental property can be rewarding, yet challenging. Plumbing issues must be managed vigilantly to preserve their properties’ integrity while satisfying tenants. Leaks in faucets and pipes are a serious threat for landlords. Left unattended, even minor leaks can quickly turn into major ones that cost tenants dearly in repair costs. Landlords can…

Property managers face numerous challenges. One of the most trying is when one of their tenants passes away. Navigating this period with professionalism and empathy will ensure a respectful environment for everyone involved. Property managers must act with care and sensitivity upon hearing of a tenant’s death. Communication between all involved should take place tactfully;…

Landlords are exploring new ways to enhance the rental experience for both themselves and tenants alike. Self-showing technology has gained immense popularity. This innovation allows prospective tenants to view the rental property at their convenience, providing numerous advantages but also potential drawbacks. Landlords should carefully evaluate it before adopting this trend. Self-showing technologies are becoming…

An intelligent landlord knows to invest in cost-effective improvements to increase the rental value of his or her properties, not only to attract quality tenants but also to increase tenant satisfaction. Making small yet significant improvements can boost appeal in an already competitive real estate market without having to break the bank. Enhancing the curb…

Landlords should carefully consider all their options when leasing out properties, from signing an annual fixed-term agreement or month-to-month lease agreements, depending on factors including preferences, market conditions, and needs of all parties involved. We outline both monthly-to-month leases and annual fixed-term contracts in our comparison chart to help landlords make informed decisions. Month-to-Month Leases…

Property owners face an important decision in real estate investing when they must choose whether or not to hire a property management company, asking themselves the question: “Are they worth it?”. The answer to this dilemma depends on numerous factors. At its core, hiring a property manager depends on one central factor: time vs money.…