If you’re a new landlord, you may be wondering what you should be looking for when it comes to renting to a prospective tenant – and how you can choose the right tenant for your rental property. Doing so is not always easy, especially if you don’t have much experience renting to previous tenants. So, in this guide, we’ll take a look at a few of the things you should be looking for in a good renter, and we’ll also touch upon the subject of what you can – and can’t – take into account when renting to a tenant. Let’s get started. First, Be Aware of the Law – and Illegal Discrimination The law states that all landlords must treat their prospective renters equally. Because of the Federal Fair Housing Act, there are certain types of discrimination that are illegal when it comes to housing. The statutes are quite
When it comes to managing a new property, winter is one of the most important times to take preventive action to minimize your liability as a landlord, and to make sure that your property stays in great shape during the often-extreme weather of the colder months. Not sure what steps you need to take to protect yourself and your property? In this blog, we’ve put together a list of a few of the most common landlord mistakes that new property owners make when preparing for the winter. Read on, and learn more! 1. Failing to Inspect Furnaces and Heating Units There are a few reasons that you should always inspect furnaces and heating units before each winter: Furnace inspections can reveal routine maintenance issues, and allow you to fix them before they become a serious problem Catching issues with a furnace or heating unit early will save you money and
Having pet-friendly apartments will help you attract more tenants, and can be a great way to market your rental properties. But if your tenants aren’t respecting your property, and are refusing to clean up after their pets and leaving pet waste all over the common areas of your apartment complex, you may be wondering how you can prevent this – and keep your apartments clean, safe, and comfortable for everyone. In this guide, we’ll discuss a few pet waste management strategies you can use to do this, and keep pet waste where it belongs – in the trash, and out of the way of your tenants! 1. Have an Airtight Pet Waste Policy Built into Your Lease First things first, you need to make sure that all of your leases have a policy in place regarding pet waste – and ensuring that owners are responsible for cleaning up their pet’s
There are three primary types of bad tenants: Tenants who are not paying their rent or refuse to pay on time Tenants who are damaging your property Tenants who are violating their lease agreement – by doing things like being loud and disruptive, having pets that are not allowed, or providing a permanent residence to individuals who are not part of the lease. And when it comes to bad tenants, you may think your only option is to try to evict them – but this is not true. In fact, eviction should usually be your last resort. It’s legally complex, and renters have many protections that can help them fight back against eviction. So, what should you do about bad tenants? We’ve put together a list of a few of the best options you have. Read on, and start developing a plan to deal with your own bad tenants! 1.
If you own an apartment complex, the last thing you want is to get a call in the middle of the night notifying you about a fire on your property. Apartment fires can be deadly, and can swiftly destroy your property. Because of this, it’s important that you understand your responsibilities when it comes to fires at your apartment complex. In this guide, we’ll give you a step-by-step overview of what you should do after a serious fire at your apartment complex. 1. Notify All of Your Tenants About the Situation First things first, you’ll want to notify all of your tenants about the situation as soon as you can, and ensure that they’re aware of the situation that occurred, and that your apartment complex may be uninhabitable or dangerous to enter. Using a service like DialMyCalls is a great way to do this. Using DialMyCalls, you can quickly send
If you’re not careful, the roofs at your rental properties can become neglected and damaged – this can easily lead to a costly repair bill, and make a big dent in your profits. If you want to make sure that the roofs at your rental properties are properly cared for and ensure you prevent leaks and water damage, you’re in the right place. In this article, we’ll be taking a look at a few essential steps you can take to keep your roofs – and your rental properties – in great shape. 1. Ask Tenants to Report Any Leaks or Roof Damage They Notice Immediately One of the difficult parts of preventing roof damage and leaks at rental properties is that you don’t live in the property – so you can’t constantly monitor the roof, check for leaks, and make sure your roof shingles or tiles are in great shape.
Our furry friends are important to us. Over 68% of American households have pets – and that means you may be able to fill vacancies in your apartments faster if you have a pet friendly leasing policy, and allow your tenants to have dogs, cats and other pets. But managing pet friendly apartments brings along a number of risks and challenges that you must overcome to keep your property in great shape. So, in this article, we’ll discuss a few top tips that you can use to manage your pet friendly apartments more effectively. 1. Require a Pet Screening Before You Lease to a Pet-Owning Tenant One of the first things you should do is require a pet screening when you’re renting to any tenant who owns pets. Have them bring in their pet so that you can meet it and look for any obvious signs of behavioral issues –
Anyone whose rented out property before knows that many of the biggest hassles involve communication with residents. Residents, too, know that many of the biggest hassles of living in a rented home come from communication with the landlord or leasing office. Thankfully, it doesn’t stop there. As technology has evolved, it has solved many of the hassles common to both sides. With the prevalence and ease of use of text messaging, landlords and residents can have an easier time than ever collecting and paying rent, submitting and responding to maintenance requests, alerting neighbors, and otherwise communicating. Why Text Messaging for Apartment Complexes? Electronic communication with apartment residents is nothing new. For years now, landlords and leasing offices have been able to communicate with residents via phone calls and emails. Over time, though, texting has come to be the more obvious solution. Email, for example, seems a clear option for use
As a landlord or a property manager, hurricane season can be a bit of a scary time if you live in Florida or anywhere else on the Gulf or Atlantic coast where hurricanes are a major issue every year. But if you take the proper steps to prepare yourself and your tenants, hurricane season doesn’t have to be so intimidating. So, in this guide, we’ll discuss a few tips to help you prepare for hurricane season, and prevent damage to your property. 1. Review Your Insurance Coverage If you don’t have hurricane insurance, you need to get hurricane insurance. Most standard insurance policies won’t cover hurricane damage to your property. There are two primary types of insurance coverage you may need to protect your property; windstorm insurance and flood insurance. In most hurricane-prone states, windstorm damage isn’t covered as part of your insurance policy, so you need a separate windstorm
These days, it seems everyone texts. Professionals of all industries have found ways to use this craze to their advantage. Those in the real estate business are no different. There are many applications for text messaging in the real estate world. Below we outline some of the main rules of real estate texting and provide 18 SMS templates for the real estate market. The Importance of Texting in Today’s World As of February of 2018, some 78% of Americans owned smartphones. Even more own other phones capable of sending and receiving text messages. This makes reaching people via their phones a popular option. In the business realm, this is especially true – perhaps because many people would rather not interact directly with businesses or strangers. In fact, SMS response rates for businesses are 295% higher than call response rates. For businesses seeking a response from their current or prospective clients
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