Matt Angerer is the Founder and President of VerticalRent. He enjoys writing on a variety of topics that help Landlords, Property Managers, and Renters across America. He is particularly interested in helping renters understand their local marketplace, pick the best places to live, and find an awesome roommate. Since 2011, VerticalRent has grown to service over 100,000 landlords and renters across America.
We know how much landlords and property managers have to tackle each day. We understand how much it can take to keep your online presence up-to-date. It may be that your day overflows with the many responsibilities your business requires from you. Adding blogs to your website may seem an impossible task.
You, like many landlords, may be looking for ways to improve your tenancy rates for 2020: ways to bring new tenants into your apartment complex. Not only that, savvy landlords know that it's equally important to retain your existing tenants by providing them with the great living conditions and perks they're looking for. Try adding these perks to your apartment complex to watch your tenancy rates increase.
Investing in real estate is an attractive proposition for many investors. Are you interested in investing in real estate? Looking for ways to get started without purchasing a property outright? These strategies can help you increase your investments and improve your portfolio.
If you're like most landlords, you have many big concerns about your rental property, and rightfully so. Out of all the concerns, getting bad tenants is perhaps what most landlords dread the most. If you get bad tenants, you run the risk of your rent not being paid on time or being paid at all. You also run the risk of your property being inhabited by tenants who can't treat their units with care.
Whether you're a renter looking for the perfect rental property or a landlord looking to market a rental property, going through a real estate agent can help you achieve your goals. Real estate agents are often familiar with the various properties available in a given area and can help renters find exactly what they're looking for--and give them valuable advice about what areas to steer clear of. Equally importantly, real estate agents often have a connection to new potential renters.
Do you want to relocate to a city with lots of things to do while still offering a low cost of living? Fresno, California, is the perfect spot. With cheap rent, delicious restaurants, fun bars, and an amazing art scene, it’s hard to beat Fresno. The question is: Where should you live?
A good number of the wealthiest people in the world ascribe their success to real estate, and with good reason. According to billionaire Andrew Carnegie, 90% of millionaires became wealthy by investing in real estate. Real estate is a good investment opportunity as it provides a hedge against inflation, offers long-term rewards of equity growth and appreciation, and delivers considerable tax breaks.
If you want to rent an apartment or a house, the landlord will likely conduct a tenant background check. Even the most basic tenant screening includes eviction and criminal records. If you have either on your report, it will be hard to get a lease for rental.
As a leasing agent or real estate agent, you may be eager to grow your website and your reach. Posting blogs is a great way to establish yourself as an expert in your chosen field--not to mention helping generate more traffic to your website. Try these great ideas for expanding your blog and offering genuine value to your customers.
Seattle's latest tenant laws, while creating a great deal of frustration for many landlords, are designed to help provide a layer of protection for tenants across the city who are looking for housing. These tenant laws focus on a "first in time" protection for qualified tenants: that is, landlords must provide a list of their expectations and requirements for tenants, then offer the property to the first qualified applicant to submit their information for the property.
There's a lot of talk about the COVID-19 outbreaks, with reactions that vary a lot. The plain fact is that there is a concern about this virus spreading rapidly and infecting large numbers of people. Here is what Landlords and Renters should know about COVID-19.
Apartment associations come together to help owners market, rent out, and manage their apartments. All too many of them, however, are making do on outdated technology that may not be meeting their needs--or the needs of their potential tenants. Do you want to watch your apartment association thrive? Consider these key ways technology can help you meet those goals.
Allowing someone to live on your property is similar to hiring an expert to work in your company. Your revenue, security, and peace of mind depend on how well you choose the team players. Just as potential employees go through background checks, potential tenants can undergo a similar screening process. By learning all you can about the person, who will become the source of your income, you are protecting your rental investment.
With the nickname “The Capital of Silicon Valley,” it’s no secret that San Jose, California, is a popular place to live. The city is full of sprawling tech campuses and high rises, but San Jose isn’t all work and no play. San Jose also provides residents with approximately 300 days of sunshine each year, easy access to the Santa Cruz Mountains, and ample activities to enjoy.
California has so many fantastic cities, but Sacramento stands out as one of the best places to live. With gorgeous tree-lined streets, ample rivers, a hot food and drink scene, and lots to do, renters from across the country pack up and head to Sacramento. If you’re one of the many, you’re facing a small problem. You know you want to move to Sacramento, but you aren’t sure which neighborhood to choose.
With more than 1.4 million residents, it’s no secret that people love living in San Diego. The population grows by the year, with more and more people joining the ranks. People appreciate the diversity and the countless job opportunities in San Diego, as well as the fun activities and attractions. Plus, the foodie scene is full of delicious offerings.
When you're looking for a home to rent, what are your top qualifications? Most likely, you're looking for a certain number of bedrooms, bathrooms, and amount of space. You may have kitchen layouts you like best, want a yard for a dog, or need a closing garage. You probably know the kind of floors and floorplan you like best and browse as much through photos as listed details. Most renters prioritize homes based on meeting their size, style, location, and budget needs.
We've all been there. Most modern adults have been that tenant making requests of a landlord and wondering why you are being denied. Why can't you have a cat, just one cat? Why can't you install a few shelves by the front door? Why can't your boy/girlfriend move in casually without signing the lease?
When it comes to selling a house, landscaping is crucial. But what about renting? The fact of the matter is that in every city there are dozens of ways to approach the landscaping question. Some landlords hire professionals to trim and care for the lawn every week whether there are tenants or not.
What’s not to love about San Francisco, California? It’s home to top-rated universities, employment is booming, and there are cultural opportunities around every corner. Plus, it has some of the best food in the state, and the nightlife is on point. San Francisco also has more than 40 neighborhoods, and each one has a distinct personality. If you’re considering moving to San Francisco, check out the top neighborhoods for renters. Then you can plan your move.
So, you're considering investing in real estate. It's normal to be a bit nervous about this type of investment, but you know that it is probably worth the risk because you've seen others do very well with this idea. The problem is that many real estate investors "overthink" the transaction, frequently losing the deal altogether.
VerticalRent Community, formerly codenamed Roommate Finder, was launched today, February 1st, 2020 for renters in the State of Florida. This revolutionary new approach to finding a roommate is designed to take the stress out of identifying a high-quality roommate. Let us explain.
You want to move to Los Angeles, but with more than 80 neighborhoods to choose from, how do you select a landing spot? While there are tons of neighborhoods, some stand out as the top spots for renters. These neighborhoods have a nice selection of rentals, ample activities, and restaurants that you are sure to love. Check out the top Los Angeles neighborhoods for renters and get ready to find the perfect fit.
Investing in real estate and maintaining rental properties is an exciting endeavor that can provide supplemental income and secure your financial future. However, investing in rental properties does come with some inherent risks, and it is likely that you will eventually find yourself mixed up in a real estate deal gone bad. What might have originally looked like a promising investment may soon turn into a nightmare if you find yourself with a rental property that has negative cash flow.
As a landlord, you have a responsibility to both your tenants and your company. One of your responsibilities is to be aware of your state's landlord-tenant laws, and to retain a lawyer when needed to ensure that you have the specific advice you need.
You’re ready to relocate to Fort Lauderdale, but you’re a little overwhelmed. After doing some research, you discovered that there are dozens of neighborhoods in Fort Lauderdale. Which one should you choose?
If you own rental properties, it is important that you keep a maintenance schedule in order to ensure that important maintenance does not get forgotten. Preventative maintenance can help to save you time and money in the long-run by preventing costly damage and repairs down-the-road. However, if you own multiple rental properties, it can be overwhelming to try to take care of all of this maintenance on your own.
The Miami real estate market is currently one of the most popular and profitable markets in the United States. Investors moving their business into Miami-Dade County are set up to be part of a booming property market, particularly in the coming decades. Throughout the last century, Miami has been a prime vacation spot as well as a strong residential and commercial sector.
With an abundance of waterways, delicious eateries, and ample green spaces, you know that Jacksonville, Florida, is a wonderful place to live. You want to relocate to Jacksonville, but first, you need to choose a neighborhood. The bustling city is full of neighborhoods that are perfect for renters. Get the details on the top places to rent in the city.
Many real estate investors end up feeling tremendous guilt. They've made bad deals. They've lost money. Perhaps they've even lost years as they struggled to overcome those regrets--and in some cases, those regrets can become downright crippling.
Orlando has more to offer than theme parks and wildlife. It’s also an excellent place to call home. As one of the largest cities in Florida, more than 1.5 million people live here, and you want to join the crowd. First, though, you have to decide where you want to live. Orlando has tons of neighborhoods that attract renters, but which one is right for you? Check out the top neighborhoods for renters, so you can get the best bang for your buck.
In 1992, Congress passed the Residential Lead-Based Paint Hazard Reduction Act of 1992. This act was also known as Title X. The idea behind the legislation was to protect families from exposure to lead in paint, dust, and soil. It was section 1018 of this law that directed HUD and EPA to disclose any data concerning lead-based paint or lead-based hazards before selling or leasing any housing built before 1978.
You have a special kitty who has been traveling with you for months or years before setting up your next (or current) rental place. You and your beloved cat are the dynamic duo and you wouldn't dream of living somewhere without your feline friend. There's just one catch: the housing crisis makes finding well-placed pet-friendly living harder than it used to be.
The first day in your new home after a move is always a challenge. Some people view it as an exciting first-night adventure; some see it as a special moving-day ordeal. There you are with everything you own in boxes, your furniture in pieces, and mattresses on the floor.
Miami Beach enjoys a reputation as a popular social, economic, and recreational hub. This is true not only in southern Florida and the United States but also the world. It is also for good reason. The city’s unique culture makes it stand out from other cities in many ways. These factors make it a decisively attractive spot for tourists and vacationers, high-end luxury living, and real estate agents.
Many people consider Tampa to be one of the best places to live in the United States. It manages to have both an urban and suburban feel, so everyone can happily make a home in Tampa. When you live here, you can expect easy access to parks, restaurants, bars, shopping, and schools, and many neighborhoods boast low crime rates. That makes Tampa a fun and safe place to live in.
2019 hasn't been my best real estate investment year. I've acquired a few new rental properties, picking up a residential property here and there, but honestly, the profit margins just haven't been there. Unexpected repairs, vacancies, and increasing property taxes have taken their toll. Don't you hate it when the year ends up like that?
The holiday season is rapidly on its way and the spirit of gift-giving is in the air. For many people, it's fun to think of everyone you could possibly give a gift to brighten their season. For landlords, you may have one family or several families whose holidays could be brightened by a warm yet impersonal gift.
Do you find yourself asking, “What are the best places to rent in Atlanta, Georgia?” If so, you aren’t alone. Atlanta is full of vibrant and up-and-coming neighborhoods, and it can be difficult to keep track. Whether you are born and bred in Atlanta or are moving here for the first time, you want to find a top neighborhood. Learn about the best neighborhoods in Atlanta for renters, so you can find the perfect landing spot.
Getting a roommate that you like tends to be a slam dunk in many areas: you get a bigger place or an apartment in a better location than you could have afforded on your own, and you often still get to pocket the spare cash from having split the rent bill.
As 2019 draws to a close, many landlords, along with much of the rest of the population, are carefully considering their taxes for the year. As a landlord, you must report all the income you make on rent payments and pay taxes on it accordingly. For some landlords, that amount adds up more than expected--and like most people, you would prefer to maximize the return on your investment and minimize the amount you have to pay in taxes.
Austin is the top city in the country for real estate investment, according to PwC and Urban Land Institute. As the second fastest-growing city in the nation, Austin has one of the most positive real estate market outlook, making it a prime target for property investors.
Running a short-term guest rental or vacation rental can be a very rewarding way to use your investment property. Any home or apartment can become a guest rental. All you need is furnishings, amenities, and an eye for attractive decor. There are always travelers looking for a better-than-hotel place to stay and your furnished homes could be perfect. This is especially true around the holidays when families are coming together from all over the country.
At VerticalRent, we often get this question: “Where Should I Live in Miami?” You know you want to live in Miami, but where? That is the ultimate question. You have so many options that it can be difficult to narrow it down. It’s important to look at what the top neighborhoods have to offer and then make your selection.
Rents are rising all the time. Inflation, building improvements, housing shortages, and gentrification all play a part. If you rent a single home long enough, you're almost sure to see a rent increase or two eventually. Done correctly, rent increases are a practical and even necessary part of the landlord-renter ecosystem. However, you can't always trust your landlord to raise the rents correctly, fairly, or even legally.
In the rental home market, vacation rentals are quickly becoming a powerful alternative to long-term tenant rentals for investment residential property. Some properties that are ill-suited to becoming a family home make fantastic vacation rentals, and many homes could serve well in either market depending on the neighborhood and what you want to do with the property.
The city of Miami has so much to offer that it's a little challenging to make a list of the particular characteristics of this beautiful, active, fun fest of a city. But that's what we are doing to help you can get a feel for the city's neighborhoods, nightlife, and much more. The water is sparkling, the weather is excellent, and there's pretty much something for everyone in gorgeous, sun-drenched southern Florida.
Many renters in New York and San Francisco share the same plight: to get the benefit of big city living, they're stuck in tiny apartments that don't always feel comfortable. Moving may not be an easy option, especially when larger spaces blow through the budget possibilities much too quickly.
We all have to make decisions about where we want to live, but after a few years as a renter, perhaps with roommates or as a dormitory resident in college, it can be a challenge to know whether or not buying a home is the right next step. Most of us have a few factors that make us lean toward renting as well as a few factors that point us toward buying a home.
After pet restrictions, guest clauses are one of the least popular terms in a rental home lease. After all, your renting the house and it's your home. You should be able to have anyone over that you want for as long as you want. Right?
Due to the unique nature of New York City, rental laws in New York have always been more complicated than anywhere else in the country. This makes sense in a place with 65% renting population including 5.4 million people. While most states have a few landlord-tenant laws that protect the rights of both parties, New York has a complex patchwork of legacy policies, protections, and rental statuses that only exist within the state and NYC itself.
Potential homeowners in the San Francisco Bay Area have many things to look forward to, including a vibrant art scene, proximity to well-paying jobs, and beautiful scenery. However, it is an expensive area to buy. In fact, research shows that half of the most expensive housing markets are in the Bay Area.
It would be great if renting a home was as easy as finding a place and signing a lease. But any experienced renter knows that the real challenge starts long before a lease is signed. Every home you consider living in requires an application and a background check before a landlord or property manager will even consider a new tenant.
Right before a move is when most people realize they have a bunch of stuff that is just not worth packing up for the new house. Why haul all those outdated clothes and outgrown toys across the country when you don't have a use for them in the new house? But you can bet that someone else in the area could put your stuff to use instead. Hosting a moving sale is one of the best ways to cut down on the stuff you're moving and recoup a little moving cost at the same time.
Los Angeles is massive. It’s five hundred square miles of the straight city. There are mountains in the middle of that, the city planners of L.A. didn’t care; they built right over those mountains. There are all manners of living options in this strange land. Some of them are more expensive, some are less. In this writing, we’ll briefly explore some of the pros and cons of living in L.A.
Rental prices in New York City are steep, to put things lightly, and subletting is practically a way of life. Few people can afford to live in an NYC apartment comfortably on just one salary and unmarried professionals often partner up through the art of subletting.
Oftentimes, rental units come along with strict pet policies. Many rental homes and apartments don't allow pets at all; others may place strict limitations on animal type, size, or breed. If you rely on an emotional support animal to ease the negative effects of a mental or physical disability, these laws and regulations can prove worrisome.
With most rental homes or apartments, you barely ever hear from your landlord. You shake hands at move-in and move-out but otherwise, your only interaction is sending the rent once a month or requesting the occasional repair. After you move out, the security deposit comes back to you. Perhaps with a few reasonable deductions for pet damage or scrapes that couldn't be avoided.
One of the hottest tech trends in the rental home business is in-home wifi. Internet access is now a vital part of everyday life, and not just to do work and keep up with friends. We now stream movies, download music, get updates, and run our smart homes off wifi internet as well. So it's no wonder why modern high-tech tenants are clamoring for rental homes that come with complimentary wifi internet inside the home.
If you have a property to sell, you could set a significantly higher asking price if you take the time—and invest the cash—in a few crucial updates before popping the house on the market. While it may be a little annoying to invest more resources in a house or flat you want to get off your hands, these simple renovations could make all the difference without costing the world.
Over time, landlords often decide to diversify or specialize their property collections. There are homes that are perfect for busy professionals, growing families, groups of college roommates, and many more potential demographics. You may enjoy investing in cozy urban townhouses or sprawling rural ranch houses. But one thing that's useful to have in any rental collection is handicap accessibility.
When you have decided that buying a rental property is the best investment choice for you, much of your focus will turn to trying to find the right one. There is no doubt that life as a landlord can be highly lucrative and offer great benefits to your future financial prospects, but to reach the point where you can reap those rewards, you’re going to need a property that you can be confident in taking to market.
If you’re someone who’s in the business of buying and selling, or renting out houses and homes, there comes a point when you think to yourself, ‘Is this place ready to go on the market?’ Of course, as a first time seller or landlord, that’s going to be the biggest question on your mind!
There are numerous reasons for considering getting a roommate when you are renting an apartment. Most of these reasons are fairly obvious, but you may have overlooked the intangibles, such as: friendship, safety, learning how to cook, cultivating patience, and financial literacy.
Decorating a rental house is sometimes way harder than you think it should be. You can visualize one lovely accent wall, maybe something in color for the kid's rooms, nice curtains instead of those old blinds, and a few mounted paintings to make the place look both lively and welcoming. But your landlord is having none of it.
Tenants in New York City number 3,469,240, according to a New York City Housing and Vacancy Survey taken in 2018. This number increased by 69,000 from a similar survey taken in 2014. Rental apartments in NYC make up 63 percent of the city's total housing. Many of these rental properties are rent-regulated.
Managing rental properties is an important responsibility. As the owner of rental residences, you are providing affordable and flexible housing for families that do not yet own a house or aren't ready to put down roots yet. From Los Angeles to New York City, landlords serve a vital role in the community and their responsibilities are vast.
California is home to nearly 40 million people. That means there are a lot of rental units, and many opportunities for landlords to take advantage of tenants. Fortunately, renters have a number of options when it comes to reporting a slumlord. Let us walk you through how to report a slumlord in California.
The majority of landlord guides cover the things you should do when you have tenants in your property. That makes sense considering that the way you treat the tenants you have dictates everything from your rental income now to your reputation in the future. Failure to pay due attention here could even leave you on the wrong side of the law and facing both lost rent and legal proceedings.
You spend weeks looking for the perfect apartment, and you finally find it. It has everything you want in a rental, and most importantly, it’s in your price range. You just need to get approved, sign the lease, and take the keys. The apartment is practically yours.
There is power in numbers, especially when facing down a neglectful landlord. For large apartment buildings and rental complexes, a tenant association is one of the most powerful tools in your toolbox, and anyone can join or form one. All you need is the cooperation of your fellow tenants and soon, you'll be holding meetings, voting on issues, and organizing positive changes for the community.
In the business of landlords and tenants, one of the most active debates today is rent timing. Is rent considered received and on-time the day it's in the mail or the day it is received by the landlord? What about the processing delay for online payments? There is an important question of how responsible renters can be held for late rent when processing or delivery is delayed, and how much planning ahead is necessary to make rent on time.
After all the rigamarole you've been through to work through the courts, you now have been awarded a judgment by the court that says you have the right to collect the back rent, missing damages, or other fees that your tenant owed you upon their departure from your property. Unfortunately, the courts will not collect that money for you; you simply have the legal standing to do it yourself.
According to Florida Advocate, the Sunshine State is currently undergoing a "housing emergency" that threatens the health and safety of millions of Floridians. Along with exploding rent prices, much of the housing emergency also stems from unsafe housing or underhanded renting practices. What happens if you are a Florida renter who encounters a slumlord? Here are some possible repercussions.
In this life, we get the things we want by spending money. Whether you like it or not, money makes the world go round, so we all want to get a nice slice of it before we check out for good. We work hard for fifty-some years because we know just how much money rules our lives and how it has a bearing on absolutely everything.
Knowledge is power in virtually any situation. Don't make the mistake of going into disputing an eviction blind. You should know your lease almost as well as the back of the hand if you wind up stuck defending yourself in front of your landlord or even in court.
Most landlords are pretty cool, or so neutral you hardly ever notice them. But some landlords are the source of the internet horror stories you occasionally see floating around the online rental communities. Landlords who turn off the utilities, landlords to invade your privacy like a sitcom "wacky neighbor", landlords who refuse to perform repairs, or landlords that take your entire security deposit for spurious reasons; These are the landlords of our nightmares.
The Texas Attorney General has declared that tenants have certain rights. Among them are the right to feel safe and secure inside your rental dwelling. Unfortunately, not all landlords respect their tenants' rights, leaving them with no other course than to take action. What happens if you encounter a slumlord in the Lone Star State? You could have several courses of action, including the following.
Being evicted from an apartment can be scary and emotional for many people, as it is common to feel uncertain about where you will go next, or as though you will never be able to rent a home or apartment again. While an eviction can feel like the end of the world since it can sully your rental history and credit rating for a few years, the fact is that you may be able to take steps to get the eviction removed from your record, and even if you can't, you may be able to rent again soon!
Does it seem like rent is getting more and more expensive? This isn’t just an observation. It’s a fact. In June of 2018, the national average rent reached $1,405. That was 2.9 percent more than the previous year. That might make you think that renting is a poor choice, but it’s actually cheaper to rent than buy in the current housing market. The cost of owning a home went up 14 percent from 2017 to 2018, making it more difficult than ever for people to buy homes.
As you move through your early years as an adult and find yourself settling into comfortable routines, you may start to hear pressuring statements from others, whether they are friends or family. People who have opted to buy a house often see it as the best way to go, so they will suggest that you too could be happy making the big move and becoming a homeowner.
If you are finally ready to sell your home and move on with the next chapter of your life this year, there are a lot of things which you can do to make the process easier. Selling a house is complex and takes a long time and it can be harder than buying a house in the first place. This is why we have some handy tips to help you help your home this summer.
Living with roommates is becoming increasingly popular in the United States. In 2017, 31.9 percent of the adult population resided in shared households (Fry, 2018). This refers to households that have at least one additional adult who is not a spouse, partner, or head of the household. While parents living with adult children represent lots of these households, many of the households consist of roommates.
You didn't mean for this to happen, but it has. You moved in with a roommate who seemed like the right fit for you, a great companion and potential friend. You started to spend more and more time together, enjoying the same activities, cooking together, relaxing in your space, and all of a sudden... You realize you've developed some romantic feelings for your roommate.
It happens to the best of us. Maybe your car broke down on the way to work; perhaps your little one wound up in the ER unexpectedly a few nights ago; or maybe your dog decided to swallow your entire fitted sheet. Accidents and unexpected events happen-- and they're often costly. Sometimes, factors out of your control put you in a position where you're unable to make your rent. It can be difficult to know how to approach your landlord and ask for permission to make that payment late.
If you watch a lot of programs on TV where people are looking to purchase a new home, you will notice that many of them have large acreage on their “need to have” lists.
As a landlord, you want your property to always be in top condition. That’s why you put so much effort into choosing responsible tenants, and why you insist on a security deposit. But sometimes a property in good condition is not enough to turn the heads of prospective tenants. If you want outstanding tenants, you’ve got to show them your property is worth renting.
Modern landlords, like every rental property owner in the past, are constantly on the hunt for that excellent, long-term tenant who will pay the rent without causing any damage or fuss. The return on your investment in your property is never higher than when you can retain the same tenant year after year. So how do you find that ideal tenant and convince him or her to stick around?
If you've never had a really terrible roommate, it's easy to think that all those sit-com plots are made up and way to crazy to actually be real. Surely real people don't wave swords around in their boxer shorts. Surely real sensible people living together don't stage bathroom wars, or hide rotting food in their room, or get pets they don't take care of, right?
Searching for a new roommate can be a tedious process, but making the right selection will save you a lot of headache later on. Many of us have experienced life with people lacking in the consideration, calmness, or cleanliness department (or sometimes all three!), and know firsthand the stress that can result.
Finding a roommate online can seem like a daunting challenge for most. If you're living in an expensive metropolitan area like San Francisco, Miami, or even New York City - odds are that you're struggling to pay the rent alone. Sharing the rent, the utilities, and splitting on that Friday night pizza makes economical sense, right? But where do you start. You could always turn to friends or family and see if anyone is looking for a new pad to share with you. Or, you could turn to the Internet.
Located along Southwestern Florida's Gulf Coast, Fort Myers is one of the fastest-growing cities in the state. Along with its white sand beaches and plethora of attractions, Fort Myers also has a number of deluxe apartment communities. These communities are ideal for anyone who leads an active lifestyle, as well as those who desire more casual living. Here are just five we thought were worth mentioning.
Have you ever wondered how easy it would be to make some money from a rental property or by buying an old home to flip and sell at a profit? Well, it could be a lot easier than you might think! These days, thanks to the popularity of short-term rental sites like Airbnb, they aren’t the only two days you can make money from property either.
From San Francisco to Manhattan, not to mention Washington D.C., people are experiencing the rapid price jumps that come with living in a cultural and business hub in the United States. It makes sense to move to these central locations to experience all the big city has to offer, but it often comes at a cost.
VerticalRent proudly celebrates the company’s 8th anniversary since its founding in 2011. Matt Angerer and Jeff Pierce started VerticalRent in the “Innovate New Albany” offices of New Albany, Ohio (also known as INC 8000) in May of 2011. The minimum viable product (MVP) in 2011 was designed to help small independent landlords collect rent by eCheck and was called RentCloud.
Being a homeowner is a big, but wonderful responsibility. But many people begin to wonder if earning money from their home is better than paying into it - and begin to consider converting their home into a rental. If you're one of these people, with aspirations of turning your starter home into a rental property, it may be difficult to know where to start.
So you have found yourself in the strange and wonderful predicament of having additional land available, what now? Or perhaps you have recently made a really great priced plot purchase, and now you want to do something with it. Of course, there are plenty of ways you can make the most of that land, pretty much regardless of the size too.
As a renter, you rent from a landlord or property management company and typically sign a legally-binding lease or document that protects both you as a renter, and the person who owns the property. These agreements between landlords and tenants cover a variety of subjects and areas, working to provide both parties with what they need to ensure a successful, working relationship.
When it comes to being a landlord, there are many things that can put you off. You hear stories about nightmare tenants who stop paying rent, and ruin properties. You also know that you could land yourself in financial difficulty because of this.
As a landlord, you know why the security deposit requirement for your tenants is so valuable. Even though rental properties will always go through some amount of reasonable wear and tear, the goal upon move-out is for the space to be at a very similar state to when the tenants moved in.
The concept of real estate is a far removed entity from 10 or 20 years ago. While we've seen the prices of rental properties gradually increase, it's unsurprising that people are looking to claw back some of their finances by making wise investments.
When you are keen to rent out your property to people, one of the major things that you are going to have to focus on is ensuring that you find some tenants in the first place. The process of going out to find tenants can actually be surprisingly difficult to get right, and it is something you will need to work on if you are to make sure you find the right people.
The US buy-to-let market is one of the most interesting in the world. Rather than being viewed as a single market that spans the entire continental United States, it’s better to think of it as a smorgasbord of different markets, all with various features.
As a landlord, you're always looking for the edge over other properties in the area. And yet, some of the decisions you have to make are complex. Even a seemingly a simple choice like renting your apartment or home furnished comes with a number of variables that deserve special consideration.
The prospect of moving abroad is for many, a dream come true. Let’s be honest, most of the time we’re unable to move abroad unless we have a job opportunity in another country. Other times, there might be an older couple or investor that has amassed enough wealth to get up and go. It doesn’t matter what your personal circumstances are, you’re all in the same boat. Moving abroad is exciting if you know what’s going on in very good detail.
While it might not be that you have the most luxurious set of properties to rent, it can often be that with a little effort and consideration, you are able to upgrade the kind of tenant you attract. Of course, we’re not suggesting that you should discriminate on who you have in your properties.
You have taken the leap to become a landlord, choosing investment properties carefully and beginning to vet your potential tenants. One of the methods that you'll use to see the responsibility of the tenants is through a check of their credit. Credit checks reveal a lot of potential red flags: extremely high debts, late payments in the past, or past legal action can often be visible on the report.
As you manage your rental properties, you want to come back to the bottom line and make sure you are making every effort to maximize profits. Every month, if you are working from the same circumstances as many other rental property owners, you are trying to minimize payments, including your mortgage, and maximize rental income by keeping the property rented consistently.
When you rent a property, you assume several basic things: that your property will be safe to live in; that your landlord will take care of basic repairs in a timely manner; that, if you take good care of the property, you will be able to get your security deposit back when you move out. Unfortunately, things don't always go according to plan. What happens when you find out you need to sue your landlord?
Landlords often realize, based on a complex variety of factors, that it is a good time to sell a rental property. Perhaps the market is perfect for sellers and you've just gotten evidence that you'll get a great deal; other times, it is simply a cash flow issue for the next stage in your rental business development.
Are you thinking about making your first property investment? If so, you might want to consider buying real estate In Florida. The state provides a wealth of opportunity for those eager to make their mark in this industry. Profits could be substantial and you may find the process is easier than you would perhaps first assume. As well as this, the state is ideally managed for landlords and in many cases puts the needs and requests of the landlord before that of the tenant.
If you are a landlord in Texas, you must think about more than your bottom line: You also need to understand tenant rights so you don’t violate the law. Tenant rights tend to favor the landlord in the state of Texas, but you still need to know the law so you can stay in good standing. Get the details on basic tenant rights and what you can do to protect yourself.
Originally established in 1885 in recognition of President George Washington, the holiday became popularly known as Presidents Day after it was moved as part of 1971's Uniform Monday Holiday Act, an attempt to create more three-day weekends for the nation's workers.
According to History.com, the history of Valentine’s Day–and the story of its patron saint–is shrouded in mystery. We do know that February has long been celebrated as a month of romance, and that St. Valentine’s Day, as we know it today, contains vestiges of both Christian and ancient Roman tradition. But who was Saint Valentine, and how did he become associated with this ancient rite?
If you are a landlord in Florida, you likely spend most of your days filling vacancies, engaging in tenant screening, and collecting rent. What you might not realize is that the law is on your side in the Sunshine State, according to a recent survey. The survey had respondents answer questions related to rent increases, eviction notices, security deposits, and more, and it’s clear that it’s easier to rent property out in Florida than in many other states in the union.
Credit bureaus analyze a variety of factors when determining a credit score. Credit card utilization, payment history, and derogatory marks have the highest impact. The age of the credit history has a medium impact, while the number of total accounts and hard inquiries has a low impact. While the impact of hard inquiries is low, it can still cause a score to tumble five to ten points, which can make all the difference when trying to secure credit.
If you own rental property in California, you were likely feeling a little nervous when Proposition 10 hit the ballot last November. The ballot initiative would have repealed the Costa Hawkins Rental Housing Act. Once that act was off the books, California cities would have much more freedom to impose rent control options.
When you’re renting a new apartment one of the first things that you should do after you put down your security deposit and sign your lease is start getting the utilities set up. Don’t wait until the last minute to get your utilities arranged because sometimes there are long waits to get appointments. In this guide, we'll provide you with a step-by-step action plan.
In the last 5 years, we have heard a lot in the media about artificial intelligence (AI) and machine learning technology. AI has become more of a “catch phrase” in both marketing and advertising than a true reality within most technological platforms. According to Techopedia, AI is an area of computer science that emphasizes the creation of intelligent machines that work and react like humans.
When it comes to using your money wisely, there is no better way to do it than investing in some rental property. Not only will you get monthly payments from your tenants, but you’ll also be able to sell it for at least the price you bought it at, if not more (if you’re smart about it, that is). The worst thing that can happen is to lose value on a property, and we all dread this happening, but it doesn’t have to be this way! So make sure that your investments maintain their value by following t
A hostile is every landlord’s worst nightmare, an angry tenant who destroys the property because he or she is mad about eviction proceedings. Tenants like this figure they have nothing to lose and get revenge on the mean landlord by causing thousands of dollars in damage to the structure and breaking or stealing appliances.
There comes a time when every landlord finds himself/herself in a difficult position of having his rental property occupied by a tenant who is not paying rent, or is making a nuisance of himself and causing problems for other tenants, or is causing immense damage to the rental unit, or his/her conduct makes it impossible to continue with a landlord/tenant relationship.
Finding the perfect tenant can be a challenge for property managers and landlords and indeed, not all tenants are ideal, which can put discerning landlords at a risk of violation of the federal Fair Housing Act.
Are you tired of living alone? Or maybe you’re tired of being solely responsible for the rent and utilities. If so, you’re not alone. Many Americans not only feel the psychological effects of living alone but are also facing a growing financial responsibility that falls squarely on their shoulders. It’s a hard road when your hell bent on living alone, especially in more expensive American cities like Miami, FL, Los Angeles, CA, or New York.
It's Thanksgiving, and it can pay landlords to give thanks to tenants. They pay their rent on time, they look after their home, and some of them have been tenants for a long time. As we get into the Holiday Season, there are so many ways we show our appreciation to so many people. We send cards to friends and family, we arrange a Thanksgiving dinner, we go to social events with colleagues and business associates, because they are fun and to show everyone that we do care about them.
If you have a less-than-ideal credit score, you're not alone. In fact, it is estimated that about 12% of the United States population has a score under 550. Unfortunately, even one financial mistake (such as filing for bankruptcy or going through a foreclosure) can have a serious impact on your credit score for years to come. As a result, you may have a hard time getting approved for loans, credit cards, and even apartments down the road.
Every do-it-yourself landlord should have a toolbox of landlord forms available to them for communication with their renters. On the flip side, renters should also have forms available to communicate complaints, maintenance requests, and notices to vacate.
You pull up to a house you rented out six months ago and see dirty windows, spilled recycling bins, and a driveway cluttered with tools. You set up an appointment a week ago to come by and perform seasonal maintenance on the property, and you know the tenants aren't going to be home.
Tenants dread rent hikes, and landlords hate breaking the news. With the right approach, alerting your tenants to an impending rent increase can take the pain out of the process, and even give it a positive spin.
Every state's eviction laws differ, and some municipalities within states may have local laws that add to or differ from the state law. As a basic rule, always make sure you, the landlord, have a legal reason to evict. The timeline and process may depend on the reason for evicting. VerticalRent has compiled this basic process for every state based on our research in alphabetical order, so just scroll down to your state for a summary of eviction procedures.
Few phrases in a rental contract cause as much conflict and confusion as "normal wear and tear". What does it mean? Who determines "normal", and how can tenants protect themselves from a landlord's interpretation of this very subjective term?
It's common sense to issue a contract whenever you rent a property to a tenant, but sometimes "loopholes" occur that leave you in a difficult situation. Perhaps the tenant on the official lease vacated the premises, leaving behind a roommate who never signed the rental contract. Maybe it's your roommate who's refusing to leave the property you own, or the lease expired without an automatic renewal or transition to a month-to-month agreement.
When you have an empty rental unit, it can create a sense of urgency for landlords who depend on their rental income which can lead to unsound or rash decisions when it comes to tenant selection.
Life throws curveballs, both good and bad, and sometimes we need to move on relatively short notice when we're just not willing to sell our home. Have you been transferred to a different city? Are you temporarily moving to help a relative? Maybe you've decided to spend more time at your vacation home. Whatever the reason, there's no point letting your house sit vacant when you can turn it into a source of income.
Much of all capital gains tax (CGT) that may be potentially due is never collected. Savvy rental property owners plan ahead, know the law, and they know to avoid paying capital gains tax on rental property. If they cannot avoid paying all of it, they avoid paying some of it, or they defer paying capital gains tax that may be due. In this article, we discuss what you can and should legally do to avoid paying CGT on your rental property.
Each time you turn over a rental unit, you increase your operating costs. Lost rental income, unscheduled upgrades, cleaning, and repairs require labor and expense, and then you have the task of advertising your unit and screening potential clients. Turnover is a drag, but in an industry that mostly caters to people in transition, what can we do?
Brickell is an urban neighborhood in Greater Downtown Miami, as rich in history as it is in contemporary success. Located directly south of Miami’s historic Central Business District in Downtown proper, south of the Miami River, Brickell is South Florida’s major financial district and one of the most important business sectors in the continental United States.
The Miami real estate market is currently one of the most popular and profitable markets in the United States. Investors moving their business into Miami-Dade County are set up to be part of a booming property market, particularly in the coming decades. Throughout the last century, Miami has been a prime vacation spot as well as a strong residential and commercial sector. The city has continued to grow exponentially in the past decade, strengthening its economy and making a prime name for itself
Tenant satisfaction matters. Happy tenants are more likely to renew their lease, recommend your property to their friends and not write poor reviews all over your website. In fact, satisfied tenants are three times more likely to renew their lease if they are satisfied with property management than if they are disappointed or apathetic.
One of the most prominent issues that landlords come in contact with when having rental property is having tenants that don’t pay their rent on time. Although one late payment may not actually put you over the edge, the pattern could eventually hurt your wallet.
Online bill pay allows renters to pay quickly, easily and conveniently without all the stamps and envelopes of the past. In addition, online bill pay can greatly increase landlord efficiency and streamline all of your tenant operations. It’s easy to see why 61% of millennials and 42% of older generations choose to pay their rent online rather than send a check.
During your rental search, know what your expectations are. Clearly lay out what you are looking for and move on if your requirements aren’t offered. Options are catered toward the tenant, so make sure you are comfortable with your decision and ask questions. While filling out applications, don’t be afraid to mention any of your shortcomings. Landlords can work with you to address any challenges. By reading the lease completely and submitting completely accurate applications, you have a greater
Not only is collecting rent online easier for landlords and more convenient for tenants, it’s also safer. With the flexibility and security of online rent collection, more and more landlords adopt online rent payment systems. By providing an accurate and easily accessible record of spending, tenants can seamlessly make payments online while creating a positive relationship with their landlord and reduce stress.
If you reach into your pocket or purse, what’s the first thing you touch? It’s likely your smartphone, sitting there like a safety blanket, ready at a moment’s notice. Bored at a social event with co-workers? No problem, pull out your smartphone and check your messages – whether it be Facebook, Text Messages, or Emails. It’s instant gratification for the on-demand world in which we live. Plus, this little ‘safety blanket’ buffers many socially awkward Americans from difficult face-to-face conver
Checking landlord references is part of the tenant screening process. Most people provide real references on their rental applications, but some people try to slip a fake reference through. They might have failed to pay their rent on time, or maybe they left the apartment in disarray. They know they won’t get the house or apartment with a real reference, so they find someone else to act as their landlord, and they’re getting better at it than ever before.
Text messaging is one of the main reasons we use mobile devices today. Being able to send a quick message instead of making a phone call or sending an email has become an integral part of how we communicate. When it comes to your rental business, you can easily use text messaging to contact your tenants as well as potential renters, property managers, etc. Learn more about text messaging and your business below.
If you own a rental property business, then you already know that the daily schedule of your business is tough. When you own several rental properties, it can be hard to keep track of each property, along with talking to new and existing tenants, maintenance requests and services and all the other aspects that go along with this business. The best way to streamline your rental property business is to use the latest technological advances to better serve your customers and employees.
When it comes to owning rental property, maintenance is a major part of your success. Each property must be maintained to strict standards to offer your tenants the best space for their living needs. This includes electrical, HVAC, landscaping, etc. There are many maintenance aspects you will need to cover when owning rental property. So how do you keep track of it all?
Diversity in real estate is a critical issue and one that isn’t addressed as often as it should be. Some Indianapolis business leaders hope to change that, though. Community leaders Lacy and Patty Jonson and Al and Shary Oak donated $500,000 to Indiana University’s Center for Real Estate Studies.
Did you know that over 95% of text messages are read within a few seconds? Further statistics have also revealed that SMS text marketing boasts 10x the open rate of e-mail marketing. Text messaging is quick, actionable, and very useful for today’s digitally-defined real estate professional.
It’s been a strange year for real estate, to put it mildly. In the past, you could rely on California dominating the market, but it seems as if its reign might be over. It’s not only over, but it might be handing the crown over to Texas.
The Greenville, South Carolina, real estate market is a tight one. On an average day, there are more people in the market to buy a home than there are homes available, and that makes it difficult for residents and investors to pick up properties. While some markets suffer through the supply and demand problem, buyers and sellers in Greenville have found an interesting solution. Greenville residents are using real estate auctions to buy and sell homes. There’s been a spike in auctions, providing
Buying a new home is always a bit stressful. You want to make sure everything goes off without a hitch, so when your loan officer emails the day before closing with instructions for wiring your down payment, you jump on it. You know if you’re late, you might not close on time. Even waiting an extra day seems like too much to bear, so you’re quick with that response.
The Federal Fair Housing Act protects renters and homebuyers from discrimination related to race, color, religion, sex, national original, disability, and familial status. Landlords and real estate agents must adhere to the act’s guidelines when selling, renting, and showing properties to potential tenants or buyers. The act ensures that everyone gets a fair shake when buying or renting real estate.
Boston’s real estate market has a long history of high prices. In fact, it’s not uncommon for people to avoid real estate in Boston because of the costs associated with it. Just how unaffordable it is might come as a surprise, though. Boston is the seventh-most expensive real estate market in North America, according to the International Housing Affordably Study.
Gentrification has long been a well-known problem for Atlanta’s residents. The longstanding issue recently made national news when candidates in the city’s latest mayoral race talked quite a bit about gentrification and the impact it has on real estate and residents. National publications picked the story up, and now all eyes are on Atlanta.
Sixty percent of U.S. markets saw an improvement in home affordability in quarter three of 2017. Colorado was not one of those markets. Denver County in Colorado has one of the lowest affordability indexes in the United States, and the rest of the state isn’t far behind. In fact, it’s getting so bad that lots of people simply cannot afford to live in the state.
Rental vacancy advertising has changed a lot over the years. Back in the old days, people flipped through newspapers to find vacant properties. That evolved, and landlords started putting ads up in local libraries and grocery stores. Now, with the help of the internet, people have more options than ever before. Modern listing management software like VerticalRent® empowers landlords, brokers, and property managers with a unified lead experience. What does that mean?
When you think of Hurricane Irma, you think of devastation. You picture debris sitting on roadsides and people displaced from their homes. The hurricane also had a devastating effect on the real estate market. Counties in Central Florida reported over $100 million in damages from the hurricane, with $60 million of those damages in Osceola County. This damage caused the Orlando area real estate market to take quite a hit. Buying and selling hit a standstill while people tried to rebuild their liv
San Francisco has some of the highest rents in the entire country. Rent isn’t the only thing that’s high in the city, though. Landlords here also require higher credit scores than those in other cities do, according to a study from RentCafe.
Los Angeles is the preferred North American destination for international real estate investors, according to the CBRE Global Investor Intentions Survey. Other popular North American cities/regions include Dallas/Fort Worth; New York; Washington, DC; and Atlanta.
Nashville has solidified itself as one of the strongest markets in the United States. For the third year in a row, Nashville was one of the top 10 “Markets to Watch” in the PwC/ULI Emerging Trends in Real Estate Report, coasting in at number 9. It dropped three slots from its perch at number 6 last year, but the Music City is still expected to have yet another strong year.
Seattle is going to be the hottest real estate market in 2018, according to Emerging Trends in Real Estate. This annual study is produced by PwC and the Urban Land Institute, and it gets its results by conducting 1,600 interviews with homebuilders, property owners, developers, lenders, real estate advisory firms, and investors.
China Oceanwide might not be a household name, but it is a major player in the real estate industry. In fact, China Oceanwide is growing quite a real estate empire in the United States with property in New York, San Francisco, and Los Angeles. Now, it can add one more place to its list. It has hit Hawaii with a splash and intends to make a huge impact on the luxury real estate game.
There is a supply and demand problem in North Carolina, especially when looking at the Research Triangle. The strong job market is bringing people to the area, and they’re ready to buy homes. The demand is so great that new construction can’t keep up with it. This has caused housing prices to go up, creating a sellers’ market. In fact, the median home price has gone up by 16.9 percent in Raleigh over the past year.
Take a look at the data, and get information about what this means for investors. Also, get the scoop on hot investments in San Antonio right now and what you need to do to grab those high-end renters. Then, you’ll be ready to hit the ground running with your San Antonio real estate investment.
Leading financial technology company, Payscape, announced today that they have formed a strategic merchant processing and payment integration partnership with VerticalRent.
When people think of Detroit real estate, they typically think of homes that have been abandoned and foreclosed. They picture a city that has seen better days, and for a long time, that was an accurate depiction.
Anyone who stays current on California real estate knows that the state is facing a serious supply and demand issue. There simply aren’t enough homes on the market, and those that are available get snatched up before the ink on the “For Sale” sign dries.
In 2015, Chicago placed 10th on the list of cities most searched by international buyers, according to Realtor.com International.
The New York City real estate market is overwhelming for buyers at best. With a median sales price of $1,335,000, affordable housing isn’t easy to find. Maybe that’s why only 31 percent of NYC households own their homes.
If you work in real estate, you know the importance of tenant screening and rental credit checks. What you might not realize is there is another issue in real estate, and it’s a big one. It’s money laundering, and it’s hit Miami in a big way.
Renting can become a very lucrative and rewarding experience when you have the right tenants. You're perhaps fortunate most to all your renters are people who follow the rules and always pay their rent on time.
If you rent your vacation property, then your marketing program needs to aim at bringing the kind of visitors that deliver the best return on your investment.
If you've never lived in Pennsylvania, you'll find some great cities in the state with good property investment opportunities. Some cities (like Erie) also have one of the lowest costs of living over any other city in the region.
As someone who wants to get serious about a real estate career, it's time to learn about some newer options available out there. While you've maybe written off doing home flipping, buying apartments, or even participating in AirBnB, investing in student housing might become your best option.
If you are a landlord, especially a new landlord, you need to know how to maximize your return on your investment. Here are our top five tips for the best property management practices.
Regardless if you are looking for your first property or you own a portfolio of real estate, it's important to find properties that can give you a great return on your investment. Here are some of the hottest rental property markets in Texas you should consider investing in this year according to a recent Forbes article.
Investing in rental property in New York can become a very rewarding experience considering how many people want to move there for professional careers. You likely won't have trouble finding tenants in any rental properties you own, whether in New York City or upstate New York.
One of the most challenging, yet rewarding, jobs is being a landlord. Whether it's a full-time gig for you, or it's your side hustle to earn some extra income, there is a lot to think about and understand if you want this venture to be successful.
More people than ever are scheming on rental property owners and managers. Whether it's a serial delinquent payer or squatters bouncing from place to place, you need to have a system in place that protects you from such hazards.
When you’re a landlord, you need help everywhere you can drum it up. VerticalRent’s mission is to provide excellent services to landlords who could use some help.
Watch TV long enough in the evenings, and you will eventually see an advertisement for free consumer credit checks. Along with a fun jingle, there is usually reasoning behind why you should know your credit score. In the world of rental property and property management, you should also know your tenant's credit history.
Rental property has always been a favorite business for those with the discipline and stamina to take on being a landlord. And ever since there’s been a rental property, there’s been a tenant willing to destroy it.
Residential tenants and landlords both have rights and obligations under Arkansas law. These regulations have been put into place to protect both parties.
Ninety-five percent of homeowners protect themselves with homeowner’s insurance, but a mere 41 percent of tenants carry renters insurance, according to an Insurance Information Institute poll. he numbers are even worse when it comes to millennials. Sixty-six percent of this group of 18-29-year-olds rent instead of own, but a mere third of them carry renters insurance.
Maybe your family has purchased a second home, or you have some extra property you want to rent out within the state of Alabama. Before you do so, there are some guidelines you should know about the tenants that will be staying in your rental property.
One of the most prominent issues that landlords encounter when having rental property is having tenants that don’t pay their rent on time. Although one late payment may not actually put you over the edge, the pattern could eventually hurt your wallet.
So you have a property within the state of Alaska that you want to rent out. Be it extra room in your home or a separate property such as a single-family home, condo, apartment, or other separate property there are some guidelines that you need to know.
As a Colorado Landlord, you must understand the basics governing landlord-tenant relations. Before jumping into the world of rental properties, it's smart to understand the various statutes, ordinances, caselaw, and federal law as it relates to the area you plan to invest.
Laws and regulations are created to help society be a safer and more fair place. And when it comes to Arizona Tenant-Landlord Laws, this is especially true. We have researched the regulations and outlined what every Arizona Landlord should know.
Did you know that in 2016, their was 1.5 million fewer homeowners? Many people, especially in states with a higher cost of living like California, are choosing to rent instead of buying real estate. Below are some of the best places to buy rental property in the Golden State if you're an investor: