photo credit: Cindy Funk
Landlords can actually be their own worst enemy. It’s important to remember that being a landlord is a business above all else, whether you’re renting out a room in your home or you own a large number of multi-unit buildings. (more…)
photo credit: Matsuo Amon
You know that having the right tenants is key to having a good landlord/tenant relationship. But being the right sort of landlord or property manager is also an important element in this symbiotic relationship. Follow the tips below to be a highly regarded property owner. (more…)
credit: Claire L. Evans
So what is the difference between a lease and a rental unit? A lease is typically a long term agreement for a specified period of time. A standard lease is for 12 months. This means that you’re guaranteed rent from your tenant during that time, but the rent will stay at the rate you set and you are also expected to keep that tenant unless they break certain terms of the lease. (more…)
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Pets are playing a more important role in the lives of individuals and opening your property to pets can increase your tenant base. But of course, you don’t want to suffer property damage or possibly have some an individual harmed by a rogue pet. The best way to get the benefits and limit your risks is by creating a pet agreement. (more…)
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Getting the right tenants is the most important thing a landlord can do but this doesn’t mean you can discriminate against a group because you personally feel they wouldn’t be the best renters. In fact, there are a whole slew of federal and state laws that protect people from discrimination when it comes to housing and it would be very useful for you to peruse these laws routinely and follow the tips below. (more…)
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If you have an older apartment or rental unit, built before 1978, then you may have a lead problem. Because lead is known to cause lead poisoning which can lead to numerous health problems, landlords are required to disclose any lead issues your unit may have to prospective renters. In fact it’s not just a good idea, it’s the law, known as Title X. (more…)
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It’s your property, right? So you should be able to enter whenever you want. Wrong! If you’re renting property to someone else you give up the right to use that property whenever you want for whatever purposes you want and in return, you get a little (or a lot) of extra income. But your tenants also gain some rights when they rent your property, one is the assumption that you will not enter their living quarters without permission or proper notice, unless, of course, there is an emergency. (more…)
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Taking a tenant to court or being taken to court by a tenant can be a very stressful situation. You can alleviate that stress a little bit by taking the proper steps from the very beginning, in fact, if you’re meticulous enough, you might even be able to avoid court all together. (more…)
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Downtown revitalization is a phrase that has been on the lips of many cities across the nation. What this term refers to is the investment of government funds into rebuilding the downtown neighborhoods of their cities in order to attract business, residents and tourism. Riverwalks, urban parks, luxury loft-style apartment buildings and reinvigorated arts districts are all symbolic of downtown revitalization. (more…)
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