Say you find yourself in a position where your tenant has left the property and find that they have left some of their belongings behind. You need to know that there is a procedure that needs to be followed to either return or dispose of their belongings. You need to know what the laws in …
What to Do When a Tenant Leaves Their Stuff Behind Read More »
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 …
And now they are calling you at 1:00 in the morning! Not all tenants are created equal And this one specifically is giving you a hard time. The first time he lost his keys – locking himself out of the apartment – you brought him the spare copy as quickly as you could, and you …
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 …
What To Do if the Deposit Doesn’t Cover the Damage or Unpaid Rent Read More »
The relationship between a landlord and a tenant is a tenuous one. When both parties do what is required of them, without trying to evade the costly or the arduous obligations, the whole experience is a joy. It is not uncommon for people to come to the conclusion that someone else should fix the mess …
It goes without saying that these are very trying times. Many of us have never had to deal with situations of this nature before, and one of the biggest impacts COVID-19 has had on millions of us is the loss or lack of income due to lay-offs and businesses closings. There is no denying that …
How Tenants and Landlords Can Work Together During Covid-19 Read More »
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 …
How to Avoid Loss of Income When a Tenant Moves Out Read More »
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 …
Wondering If You’ll Receive Your Security Deposit Back? Read More »
