Here you'll find actionable information to make you a better landlord. Build wealth-generating assets with rental properties, keep your tenants happy, and achieve financial security. Tenant Screening Plus, featured on VerticalRent, is your ticket. Read on.
Many landlords continue to inspect their units the old-fashioned way, having their tenants use only a paper checklist to document the condition of the property. Although the checklist remains important in the inspection process, you can enhance and clarify the process easily if you own a smart phone and a computer.
If you are a property owner that is having to deal with tenant turnover, getting the right renters in the door for your next lease is important. Sometimes screening potential renters can seem tedious, but doing this step right can save you headaches down the line.
The grounds for eviction of tenants remain the same in many states, however, in Michigan, owners are not allowed to evict tenants without a court order, irrespective of the reasons, apart from a tenant who got into the property illegally.
Once the JOBS Act was passed in 2012, the concept of crowdfunding exploded in popularity, allowing money to be raised for everything from small businesses to real estate developments.
It can happen to anyone. You are going through the daily grind of life with family and work while living in your rental property. At the time, it made financial sense to live in a rental property in an effort to avoid homeownership risks.
There is no clear-cut answer, as every situation and every state is different. There are no federal laws regulating this issue. However, a few states and cities have passed legislation on landlords’ mold-related responsibilities.
Nowadays, you don't need to have long-term tenants to become a landlord. With websites like HomeAway emerging, you can rent your property by the night or week.
So, do you need and LLC for a Rental Property? The short answer is no. As with most financial questions, though, the short answer is never adequate.
As the vacation rental industry continues to boom, renting out your home to short-term visitors can be a very lucrative side business. In order to maximize your revenue, minimize vacancies, and increase your nightly or weekly rate, it's crucial to achieve 5-star ratings on the sites where your property is listed.
Sometimes a landlord needs to screen potential tenants who happen to be foreign nationals. However, it makes a difference whether the applicant is an individual or a business.