A screening process with minimum requirements for income, rental history, or credit score is one of the best ways landlords can secure tenants who can pay rent on time. But what about situations where a potential renter doesn’t quite meet those standards but would otherwise make a great tenant? Or what if a tenant lacks …
Continue reading “What is the Difference Between a Guarantor and a Cosigner?”
Property maintenance: a subject that often causes grumbling among landlords, and with good reason! Keeping a property in good repair requires significant time, work, and money, and your efforts can feel futile if tenants aren’t appreciative or fail to take good care of the unit themselves. But despite the drawbacks, maintenance is a necessary extension …
Continue reading “Property Maintenance that’s Worth the Cost”
As a caring, responsible landlord, the safety of your tenants is a high priority. Maintaining high safety standards will not only allow your tenant to enjoy the unit they’ve rented in peace and security but will also go a long way toward preventing property damage and protecting you from legal claims. But before stressing the …
Continue reading “Establishing Safety Guidelines with your Tenants”
December is a perfect time to reflect on the outgoing year and prepare for the year ahead. If you achieved your property investment goals for 2022, congratulations! Take time to celebrate those milestones and think about how to keep that momentum going into the New Year. But, even if you didn’t achieve your goals, give …
Continue reading “Setting Property Investment Goals for 2023”
In an ideal world, every tenant would pay rent on time, treat their unit with care and respect, and fulfill each lease clause throughout a long, uncomplicated tenancy. But unfortunately, property owners don’t live in an ideal world, nor do their renters. Sometimes a tenant damages property or breaks a lease in a way that …
Continue reading “When Should I be Lenient with my Tenants?”
One of your responsibilities as a rental property owner is to keep your unit well-maintained and up-to-date. But while renovations make your property more attractive to potential tenants, they can also be hard on your budget and cut significantly into revenue. The good news is that not every upgrade comes with a painful price tag. …
Continue reading “How Can I Upgrade my Rental Property Without Breaking the Budget?”
The holiday season brings so much cheer, goodwill, and nostalgia. Even driving down the street feels more festive with reindeer, snowmen, icicles, and more adorning yards and storefronts. But as a rental property owner, the prospect of holiday trimmings can be stress-inducing if you fear that you and your tenant may have very different ideas …
Continue reading “What Holiday Decorating Guidelines Should I Set for My Tenants?”
Investment in real estate gives you a unique tie to your local community—your business is inseparable from the area in which you invest. That powerful connection to your neighborhood places you in an ideal position to set an example and inspire those around you by doing good in your community. But when so many needs …
Continue reading “Giving Back to Your Rental Investment Communities”
With so much at stake, the relationship between a landlord and tenant can quickly become strained. As a landlord, you’ve invested considerable money, time, and effort into the property, while your tenant views the space as home. One of the best ways to minimize strain and foster a positive relationship with your tenants is to …
Continue reading “How Can I Improve Communication with my Tenants?”
One of the most visible and utilized aspects of your rental property lies right at your feet—the flooring! Attractive, high-quality flooring will appeal to tenants and require less frequent maintenance and replacement. But flooring is a significant investment, and the expense must be balanced against other factors such as the risk of damage, how long …
Continue reading “How to Choose the Best Flooring for Your Rental Property”
