When the end of the lease is near, you have a decision to make, renewing the lease agreement, or finding another tenant. If you have bad tenants, there is nothing to consider, don’t renew the lease. On the other hand, if you have tenants that pay rent on time, take care of the property, and… [Continue Reading]
Move-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… [Continue Reading]
Collecting 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… [Continue Reading]
Maintenance: Landlord Responsibilities
Maintenance: 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… [Continue Reading]
Credit: The Fair Credit Reporting Act
In 1970, the Federal Government passes the Fair Credit Reporting Act (FCRA). 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 bureaus electronically and standardized. What… [Continue Reading]
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… [Continue Reading]