Skip to content

owner-education

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…

Read More

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…

Read More

Credit Report

Choosing the right tenant is the most important task you will have as a landlord. It is essential that you protect yourself and your property by screening tenants with a credit check. This is where most of the newbie landlords make their biggest mistakes. In some cases, prospective tenants will try to distract you from running…

Read More

Eviction

Unfortunately, eviction is an inevitable part of being a landlord. You might be a great landlord and perform rigorous tenant screening, but eventually, you will find yourself with a tenant that doesn’t pay rent and you will have to evict them. Evictions may seem harsh, but you have to understand that it is a business…

Read More

Lease Renewal

When the tenant’s lease is coming to an end, you have a decision to make. If your current tenant wants to stay longer you can choose between renewing their lease or finding another tenant. Renewing a lease means that, at the end of the lease term, you and your tenant decide to renew the contract.…

Read More

Should You Allow Pets in Your Rental Property?

One of the many important decisions you will make as a landlord is whether pets will be allowed in your rental property. Did you know that 68% of U.S. households have a pet? Allowing pets in your property is your opportunity to have more applicants interested. Most pet owners consider their pets like family. If you…

Read More

Vacancies

A vacancy is the number one cause of money loss. Property owners lose thousands of dollars because of prolonged vacancy periods. It is typically the highest expense for a rental property and you need to avoid them as much as possible.  A vacancy can happen for several reasons:   A tenant might decide to move because…

Read More

Self-Manage Your Investment Property

Many property owners don’t want to hire a property management company to save a few dollars, but self-management comes with its own set of challenges. Property management requires a lot of time and energy. In order to decide what option is the best, you must be aware of and understand the duties you will be…

Read More

Landlord Insurance

Whether you own one rental property or 200, you want to make sure you and your investments are properly protected. Global warming increases natural disasters. They are becoming more common, 2018 was the fourth-costliest year for natural disasters in history, according to MunichRe. They cost $160 billion, of which only half was insured. As a…

Read More

What is Included in the Tenant Application Process in Beaufort, SC?

Choosing a tenant is both an art and a science. You’ll need to use the data that’s available to screen your applicants before offering someone a lease. Once you have a prospective tenant who is interested in applying for your property, collect an application fee and provide an application form that’s thorough. The application must…

Read More