Since 2011, VerticalRent has pioneered technological innovations for landlords, property managers, and real estate professionals. If you're a digitally defined landlord with a passion for growing your rental portfolio - you're in the right place! Read on.
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.
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.
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.