Posts Tagged ‘Rental Property Management’

Residents becoming renters in Kansas City

February 11th, 2012

According to the Kansas City Star, residents in the city’s metropolitan area are increasingly choosing to rent, rather than own homes.

Rents have risen and construction of new rental units is up, the news source reports, to meet the desires of a population who are largely renters by choice. One renter noted it made no sense to buy since he was uncertain how many years he would stay in the city.

One area brokerage manager stated that the long-term commitment a mortgage may require is a major factor, also citing efforts by rental managers and owners to offer higher-quality properties with more amenities, better appliances and furnishings, or other perks.

Another expert told the source that the current single-family housing market has caused people to rethink homeownership, and many have decided they do not want to pursue it. While he said the housing market will likely recover in time, this attitude shift may be an opportunity for investors willing to rent a home to give residents the best of both worlds, allowing them to live in a single-family property without being tied to it long-term.

Selecting Tenants

July 31st, 2008

A Lot To Let
Creative Commons License photo credit: BinaryApe

It’s been said before and it will be said again but it bears repeating, choosing the right tenants is the most important job a landlord, property manager and property owner has. To make sure you’re getting the best tenants possible, you’re going to have to do a little work. (more…)

Do you Need a Lawyer

July 28th, 2008

P4010288
Creative Commons License photo credit: peggydavis66

Do all property owners need a lawyer? The answer is probably yes, but in varying degrees. It’s usually very beneficial to have a real estate attorney to make sure your initial purchase goes as planned. But after that, most property owners don’t need to have an attorney. If you only own one or two properties you can probably handle most issues on your own and can contact your real estate attorney when and if you have a concern. (more…)

Forming a Tenant’s Association

July 27th, 2008

Meeting pictures
Creative Commons License photo credit: AchimH

If you’re having trouble with your landlord or property manager and want to get things done, consider forming a tenant’s association. Most landlords dread tenant’s associations because suddenly the entire group has power and the landlord can feel absolutely powerless. This is actually not your objective, you just want to get your concerns resolved, right? (more…)

Dealing with a Tenant’s Association

July 26th, 2008

DSC01857
Creative Commons License photo credit: llawliet

If you’re tenants have bonded together and formed a tenant’s association, all is not lost. Your first step as the landlord or the property owner is to take the position of being helpful to the association, don’t let them begin to draw battle lines, you want to try to stay on the same side of most issues. (more…)

Are you Renting to Felons

July 16th, 2008

I N T E N S I T Y
Creative Commons License photo credit: A i t h n e

Are you an individual who has rental property? If so you are being targeted by felons as someone to rent from. The word on the street for convicted felons is that renting from a rental agency or a huge complex is nearly impossible because these agencies do a thorough job of checking out prospective tenants, meaning they do credit and background checks for every single applicant. But individuals have a reputation for not being as thorough. (more…)

Hoarders and Clutterers in your Property

July 15th, 2008

1408webster
Creative Commons License photo credit: A Touch of Glass

Do you have a tenant that pays their rent on time but is just a huge slob? Is their messiness causing problems for other tenants or creating a nuisance on your property. In extreme situations hoarding and cluttering can get out of control. We’ve all seen the newscasts with homes full of junk and even garbage and no one wants that person for a tenant. But if you already have that tenant you may have a hard time getting rid of them. (more…)

Are you charging enough Rent?

July 14th, 2008

Magnetic money clip
Creative Commons License photo credit: ?Florian

Whether you’re new to the landlord game or an old pro, you may be wondering if you’re charging your tenants enough rent. If this rental unit is new to you then you should request a past rental history report. Although this will not guarantee your rent should stay at the same level it’s a good starting point. (more…)

No Self-Help for Bad Tenants

July 6th, 2008

underbridge
Creative Commons License photo credit: mangpages

They haven’t paid rent in months and they’re breaking a couple other lease terms and even though you’ve asked them to leave, those problem tenants are still on your property. So, what do you do? You change the locks, right? Wrong! (more…)

Tips for New Property Managers

July 5th, 2008

bruno taut, onkel toms h?tte, 1926-1932
Creative Commons License photo credit: seier+seier+seier

Are you a first time property manager? It’s a promising career and one you can make a small fortune at if you’re a good it. Follow the tips below and you’re certain to be a stronger, better property manager and happier with the job as well. (more…)