Reduce Vacancies
It is in your best interest to minimize the number of vacancies in your properties. You need to avoid vacancies because if a tenant isn’t paying rent then you are not receiving cash flow and you have to pay for the property’s monthly expenses. Ultimately you are losing money. You want to fill vacancies fast…
Read MoreMove-In and Move-Out Checklist for Landlords
Are you ready to rent out your property to a new tenant? We strongly suggest that you provide your new tenant with a move-in & move-out checklist. This is a way to keep track of your rental property’s condition. When the tenant moves out the checklist will help you check for damage beyond normal wear and…
Read MoreProperty Damage vs. Normal Wear & Tear
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…
Read MoreCollecting Rent Online
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…
Read MoreMaintenance: Landlord 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…
Read MoreMaintenance: Know The Basics
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…
Read More4 Legal Mistakes Landlords Make
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…
Read More4 Common 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.…
Read MoreThe 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…
Read MoreShould 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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