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tenant Archives

How to Decrease Tenant Turnover

Tenant turnover in rental properties is not only a cash flow killer, but unfortunately unavoidable. Unless there are certain circumstances, such as, if your tenants are moving because of a job, there are ways to reduce the amount and frequency of vacancies within your rental properties. Follow these tips to attract long-term tenants and avoid

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security deposit represented by lock and chain around stack of money

What To Do if the Deposit Doesn’t Cover the Damage or Unpaid Rent

Most landlords collect a security deposit from tenants when a lease is signed that is equal to one month’s rent to cover any damages or unpaid rent. While collecting a security deposit was the smart thing to do, it doesn’t always cover the total amount of damages or unpaid rent. If you find yourself in

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How to Avoid Loss of Income When a Tenant Moves Out

Rental property is a great passive investment: Who wouldn’t want an additional stream of revenue coming in every month?  However, when a tenant moves out, especially if abruptly, landlords can experience a sudden reduction of the flow of income. Prolonged vacancies are a significant opportunity cost and can be even more expensive if the landlord

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Wondering If You’ll Receive Your Security Deposit Back?

A security deposit is that which you pay upfront in the event that there are any damages or negligence committed towards a rental unit. This is a way for the Landlord to protect their property. With that being said most people expect to receive their deposits back when their lease is up and they move

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