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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4 Common Landlord Mistakes

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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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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

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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Credit Report

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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…

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Eviction

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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…

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Lease Renewal

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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.…

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Should You Allow Pets in Your Rental Property?

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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…

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Vacancies

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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…

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Self-Manage Your Investment Property

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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…

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