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Property Damage vs. Normal Wear & Tear

Property

Do you know how to determine what are real damages v.s what is normal wear and tear? There is a fine line between what is actual damage and what is normal wear and tear. It takes a little bit of experience to distinguish damages and wear & tear. If not done properly it can cause…

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Collecting Rent Online

rent

One of the most important aspects of property management is how you collect rent. As a landlord, you want to make it easy for your tenants to pay rent each month so that they don’t have any excuses for not paying their rent. But you also want to think about your safety and time. In…

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Maintenance: Landlord Responsibilities

Maintenance responsibilities

Learn the different responsibilities that you have as a landlord on maintenance.    As a landlord, you are full of legal responsibilities. Depending on what state you have your rental, laws can vary. There are federal laws, state laws, and local laws that you must know and follow. As a landlord, you have certain legal…

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Maintenance: Know The Basics

Maintenance

Routine maintenance on your property is essential for preserving and building your income and value. Handling maintenance can be a huge headache and time-consuming. When not done well it can become a real problem putting your investment at risk. There are legal responsibilities under the landlord-tenant law that you have as landlord’s regarding maintenance, and as…

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4 Legal Mistakes Landlords Make

Legal Mistakes

Being a landlord is not a simple as it seems, especially in the legal area. Here are some common legal mistakes that landlords make.    Discrimination  As a landlord, it is fundamental for you to know and understand the Fair Housing Act and ensure you are practicing responsible, nondiscriminatory acts. According to the National Fair…

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Tenant Wants To Break The Lease Early

tenants early

Your tenant wants to leave early, what should you do? As a landlord sometime you will find yourself in this situation, your tenant wants to move out before the lease ends. As a property owner, it is important that you know how to handle these situations to make sure you don’t get into any legal…

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4 Common Landlord Mistakes

landlord mistakes

As Property Managers we see a lot of landlords make the same mistakes over and over. Managing your own rental property can be challenging especially for first-time landlords. It is expected to make mistakes but some can be avoided. As property managers, we have years of experience, tools, and resources to effectively manage your property.…

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The Fair Credit Reporting Act

The Fair Credit Reporting Act

The Fair Credit Reporting Act   In 1970, the Federal Government passes the Fair Credit Reporting Act. The purpose was to promote the accuracy, fairness, privacy, and integrity of consumer reporting information. Today a standardized format known as metro-2 is used to facilitate reporting of accurate and complete consumer’s credit history information to major credit…

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Should you hire a property manager or self-manage your property?

You just bought your first rental property, and you probably have the idea that a rental property is a hassle-free income. To be fair, from the outside looking in, it seems that property owners simply sit back and collect rent and don’t really do any additional work. Managing a property may seem easy, but don’t…

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Landlord-Tenant Law

Being a landlord isn’t just collecting rent checks. Tenants and landlords have important rights and obligations. A critical element for you to be a successful landlord is compliance with state and federal regulations governing the landlord-tenant relationship. Many landlords do not fully understand their rights or legal obligations, and this can be very dangerous. According…

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