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Purchasing and leasing rental property can be a lucrative business. As with any business, metrics should be established and constantly worked toward.
Many renters may assume that if their personal property is damaged inside their rental unit or stolen, the landlord's insurance will cover it. While your insurance may cover physical damage to the unit from fire or other disasters, it is best to require renters to have their own renter's insurance.
As important as tenant screening is to run a successful property rental business, it’s not foolproof. Even tenants with the best of intentions can be late on the rent, and despite your best efforts to build a good relationship with tenants, that relationship can still go south.
When you want to attract great tenants, you've got to show that you have a property worth renting. Follow these simple guidelines to giving your rental property the curb appeal needed to bring in the renters you want.
Cigarette smoke embeds an odor into everything to which it comes in contact. Although furniture and carpet are not the only things that become affected, it seems they are trickier to treat.
So you have a rental property and are ready to find tenants. Perhaps, you are wondering if you are ready for the responsibility of being a landlord.
As a landlord, you may think that making energy-efficient upgrades is the tenant's responsibility. The fact is, however, many tenants first question to a prospective landlord is "How much are utilities bills?"
There are many benefits to living in a community with an organized Home Owner Association (HOA). For starters, we can rest assured that nobody in the neighborhood will suddenly paint their house pink for no particular reason!
Non-payment of rent is the most common cause for eviction in South Dakota. However, there are regulations a landlord must follow for an eviction to be legal and valid.
While the claim everything is bigger in Texas is arguably true, the chances for problem rental tenants is about the same as any other state. No matter where you own rental property, you're going to encounter at least some tenants who openly defies your rental agreement.
Many of the folks using VerticalRent are do-it-yourself landlords who use our system to protect their investment with tenant credit and background checks.
A tenant credit report is a must for those who have been in the rental business for quite some time and especially to those who are new to renting out their properties.
A rental application form is tremendously valuable to landlords and to prospective tenants because your rental application form can contain all the information you and your tenant needs when it comes to the finer details of the apartments.
Credit checks for landlords are helping to transform the landlord business into a much safer and more efficient business. There are plenty of laws, rules and regulations out there that are specifically created to help protect the rights of tenants so these individuals do not end up out on the streets.
A tenant background check is the perfect way to ensure that you get the best possible tenants for your property. It is hard to do proper character judging in a world filled with scammers and uncaring people.
It is not often that a landlord wants to evict one of their tenants, but there are situations where doing so is the only thing that can be done. While some eviction procedures are similar from state to state, there are some differences in how landlords are required to handle it.
For real estate professionals, there is often a common tendency to try to do everything on their own. While the DIY approach is important for successful entrepreneurship, it’s also important to learn where you can save time and money by leveraging existing resources.
Utah is usually known as the "Beehive State", and that's perhaps an apt metaphor for dealing with problem tenants. As someone who owns and rents property in Utah, you may have tenants stinging you with major rental violations.
Eviction, the removal of a tenant from rental property, involves a series of steps that must be complied with if a landlord is to stay within the letter of the law. Regardless of the state, eviction falls under the Due Process provisions of the U.S. Constitution.