Tips and tricks for every landlord.
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.
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.
Once you begin to invest in rental properties, the goal is to find and secure tenants. A rental property owner must be smart when searching for tenants, marketing a property successfully to find quality tenants for every investment.
When owning a rental property, it is important to keep track of the upkeep of your investment as well as ensure all tenants are going to pay rent on time and take care of your property. With background checks and property maintenance software, you can stay on top of these needs.
As a pet lover, you want your furry friend to go where you go. When searching for an apartment, you must adhere to the landlord’s rules and if you find a dream apartment that does not allow pets, then you certainly cannot have a pet.
As a rental property owner, you are responsible for the maintenance of the property as well as the safety of your tenants. With any rental, it is important to take precautionary measures to ensure the apartment or home is safe from a break-in.
As a landlord, it is your responsibility to ensure the rental properties you provide your tenants are safe and secure. Tenants are relying on you to take the necessary steps to provide the best security for their home.
When renting an apartment, there are common factors that everyone looks for. Where the apartment is located and how much the monthly rent will cost. When it comes to the rental amount, tenants hope that they can get a good deal
As a tenant, you are responsible for making your rental payments on time each month and taking care of the property you call home. While you are responsible for keeping the property neat and tidy, your landlord is the one who is responsible for any maintenance needs.
If you are a first-time rental property owner, you may be wondering if offering furnishings will help you to get a higher price point for rent or if it will make the property more enticing for tenants. While furnishing your property has its positive points, it also has its negatives.
As a rental property owner, you soon find that great tenants do not come easy. Tenants can often be trouble makers, refusing to pay rent due to small issues or creating wear and tear on your property. To avoid any issues, you want to find the best tenants possible.
If you are new to renting property, you may have no idea what to expect with the process. Learning more about renting can help you to feel more at ease while you search for a rental home
Renting a property to new tenants requires a great deal of preparation. The property needs to be reviewed after the old tenants have moved out and any changes made before new tenants move in.
As a renter, you strive to find a quality dwelling in a good location, with an affordable rent and nice neighbors. While you can find a rental in the desired location and good price point, it can be difficult to determine if your neighbors will be nice or not so nice.
Becoming a rental property owner is a huge endeavor. From finding the right property to locating responsible tenants, the right moves need to be made for your investment to be successful. One of the best way to ensure that your property is rented is to focus on online marketing.
For renters, it is important to be a responsible tenant. If you have a proven track record as a renter, you will be able to find a new rental property with ease, but still have to complete the tenant screening process
As a landlord, it is your job to ensure each property you own stays in tip-top shape. With spring in full swing, it is a perfect time to catch up on DIY cleaning, including the exterior and interior of your properties.
Once you become a rental property owner, the excitement of finding a tenant begins. You are ready to find the right person to rent your new property, hopefully turning a profit in a short amount of time. So, now that you own the property, how long will it take you to find a renter?
As a rental property owner, you must be able to create an attractive listing to draw in tenants to your property. Every time one of your properties becomes available for rent, you want to be sure that it gets noticed.
As a tenant, you want to find the best rental option for your living needs. You scour newspaper ads and online to find the right rental, a home that fits your budget needs, is close to work and is in a nice neighborhood.
As a renter, you need to take great care to protect yourself as well as your belongings. When searching for an apartment for rent, look for areas that are considered safe neighborhoods, where the landlords conduct tenant screening.Also, renters insurance is a must.
Owning rental properties can be big business. Whether you own a couple of properties or several, chances are, you will find yourself very busy with the needs of your tenants.
Over the past few years, several states in the US have considered legalizing marijuana. Nevada is one such example. In 2017, the sale of marijuana for recreational use was legalized.
When you choose a tenant for your rental property, you do so by conducting tenant screening. With tenant screening, you are acquiring information regarding the tenant, including completing a background check.
As a landlord, you want to have quality tenants residing within your property. To streamline the process of finding tenants, a rental application form is needed
As a rental property owner, you make a profit based on the rent you charge each month. Depending on your individual situation, there may come a time when you need to increase the rent to continue to make a profit.
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.
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.
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.
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.
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.
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:
Before improving the profitability and efficiency of your property management efforts, you need to know what to measure. Here are the 10 KPIs that every Property Manager and Landlord should track.
Buying single family homes for rental properties is an excellent way to generate income. Before you buy houses, finding the right market to either get started or branch into is important as not all rental markets are equal.
The internet is a beautiful thing that can provide just about anything you need. Free landlord forms are no exception. With the ability to access the internet, you can find, download, and print any landlord forms you might need for free.
As a landlord or property manager, you know the importance of running a background check on potential tenants. While running a background check often seems difficult and expensive, there are ways to make the process fairly simple.
When calculating the true cost of owning a car, the sticker price is only the beginning. Similarly, it is the hidden expenses of operating a rental property as a money-making venture that can make or break your success as a landlord.
The traditional means of purchasing rental properties is to secure a mortgage loan from a bank. As a landlord, you might be interested in non-traditional ways to purchase your next rental property. Both private and hard money are forms of non-traditional funding.
Many lease agreements include a provision that the tenant must carry renter's insurance. Often, however, this provision is not upheld by either the renter or the landlord and is swept under the rug.
As a property manager, you offer your tenants a decent place to live for a fair price. However, building maintenance and legal fees can get expensive when things don't work out like you imagined.
Those of you who live in hot climates know how hot things can get in the middle of summer. As a renter, this might become a bigger challenge if the place you're renting doesn't have proper air-conditioning.
Landlords in America often face difficult conversations with their applicants and existing renters. Many renters believe that everything is negotiable, including the lease agreement that you lay out in front of them after they have passed the tenant screening process.
New landlords often skip over the important aspects of qualifying a renter before signing the lease. At the most basic level, a landlord should absolutely sign a rental lease agreement with a new tenant.
Evicting a tenant is one of those parts of managing a property that no one enjoys. As a Volunteer, you should know the ground rules in your State. VerticalRent has done the research and compiled the guidelines for you.
Florida is known for its beautiful weather, beaches and night life. For these reasons and many more, the Sunshine State frequently ranks as one of the best places to live.
So, you found yourself a dud? You screened the applicant: credit check passed, criminal check passed, no eviction history, and superb landlord references – yet still the renter stops paying.
When it comes to eviction laws nationwide, you'll frequently see small differences among most states. Throughout most of the country, you'll see a steady law pattern of eviction notices coming first, followed by court orders for full eviction.
If you own rental property in different states, you've obviously had to stay on top of any eviction laws that sometimes change. While all states have individual legal grounds for evictions, some are roughly the same. A few states in the NW region of the U.S. are fairly similar.
You want to rent out your property, but you also want to rent it to someone who will take care of it and pay the rent on time. Instead of just going on gut instinct about a prospective tenant, savvy landlords perform a thorough background check before renting to anyone.
Perhaps you've just started a new career as a landlord in Washington State and have your first reliable tenants in your rental unit. Recently, you've maybe run across one bad tenant who isn't paying their rent on time, or at all. If you see it's going to become a recurring problem, what legal rights do you have toward eviction?
Your Oregon-based career as a landlord or property manager has likely had its share of problem tenants, but you've maybe never evicted anyone before. While you never want this to happen, it's perhaps necessary now. You may think you have all the legal ammunition necessary to evict a problematic tenant.
When a prospective tenant approaches a home, they are looking for more than just information. They are looking for a feeling. A home is a place to feel safe, cozy, and away from it all.
If you have renters who are afraid of mold or don't know what to do about a mold infestation, it's important to get some mold cleaning tips before jumping right into it. If you can see the mold, great, you're ready to get down to cleaning it up.
Ohio law protects both landlords and tenants under Ohio Revised Code 1923. If you choose to evict a tenant, therefore, you should make sure you comply with State Code, and with your local municipal code. Municipal codes do not conflict with state law, but they can add to them.
Spring is in the air, and it's that time again—moving time! During the warmer months, you're likely to have an influx of prospective tenants. That's a good thing, but it's easy to get overwhelmed by the number of applicants.
Sometimes the difference between renting a property quickly or having to wait weeks to find a suitable tenant is curb appeal. Humans judge by appearances, and first impressions count.
It is crucial for landlords to go about evicting tenants as defined by the laws and regulations of their state. As a landlord in West Virginia – the law governs what you can and cannot do when it comes to evicting a tenant. A good apple and can turn a bad apple for a myriad of reasons.
Affiliate marketing is the digital equivalent of the best type of advertising available, word-of-mouth or personal reference. This is good for the advertiser, but how does affiliate marketing benefit you as the affiliate?
If you've expanded your rental investments into the great state of Wyoming, you may expect most of your renters to live up to your agreement. As maybe a first-time real estate investor, you should know you're likely to encounter at least one bad tenant in your career.
Eviction proceedings are an unpleasant but necessary part of being a landlord. Even if your tenant has not paid rent or otherwise violated their lease, it is important to follow the proper channels.
Affiliate marketing is a great way to take advantage of the collaborative space also known as the World Wide Web. If you haven't heard, many people consider it to be one of the best online money making marketing techniques.
No landlord ever wants to go through the long and arduous eviction process, but sometimes it becomes necessary to take action if a tenant is violating the terms of the lease agreement, whether by refusing to pay rent or by causing serious damage to the property.
The most common reason for evictions in Vermont is non-payment of rent. However, if a landlord does not follow the proper legal framework for evicting a tenant, they set themselves up for costly, time-consuming trouble.
A well-run HOA makes living in your community a joy, and makes it worthwhile to pay your annual fees. There are more than 330,000 community associations today (per the Community Associations Institute) and many of them are extremely well managed. Others would like to improve.
Arizona is a great state to own property, though it's no different from any other state when it comes to troublesome renters. You're always going to find a renter in Arizona who either can't or won't pay their rent.
The 7 year rule on criminal reports may be confusing to tenants and leasing managers. This article helps explain the State Specific Laws around this rule.
We all know Colorado has become an independent state when it comes to some things (like marijuana laws), but it gives no excuse for independence on rent rules. While most of your renters in Colorado are likely good, you may encounter one or two problem tenants.
The time has come. You're tired of the rat race and ready to start making money online. Affiliate marketing seems the right fit for you. But where do you start?
While you may cater to wealthier renter clientele in Florida, it doesn't mean they'll always live within your agreement guidelines. Evicting a tenant in Florida needs careful application of the laws.
As with many other States, Mississippi has two primary reasons for why a tenant could be evicted from a rental property – you guessed it, nonpayment of rent or violations of the lease agreement.
LinkedIn has become one of the most widely used social media platforms since its inception in 2002. It has over 460 million members in 200 different countries. For this reason, it is a perfect tool for affiliate marketers looking to expand their business practices.
While other sites are gaining momentum, Facebook stills ranks as the most popular social media platform. For affiliate marketers, the reach of this site simply cannot be ignored.
We all know that people prefer to do business with people they know, like, trust and respect. As landlords, property managers and Realtors, we know that the more people who know, like, trust and respect us, the more business we are likely to do.
Being a landlord is a daunting task, especially if you have tenants who are not holding up their end of the bargain. Tough tenants are a headache and cost you money and sleep which is why it is important to show your appreciation to those tenants who make your life easier.
Are you looking to make extra money through your online social network? If you have a large online following of landlords, realtors, property managers, or renters, consider joining our affiliate marketing program.
Evicting a tenant from a rental property in New Mexico requires a court order. Usually, the eviction is handled by the local Magistrate Court. In the State of New Mexico, the most common type of landlord-tenant cases are evictions
Has your tenant missed rent several times? Has your tenant damaged the rental property upon inspection? Have complaints been filed about one of your tenants and you’ve just had enough? Before you start the eviction process or call the police to have the tenant removed from the property, there are some laws and some procedures you should know and follow.
Living in Alaska may seem laid back, though renting property in the region can bring just as many troubles as other states. Evicting a tenant in Alaska isn't always about just not paying rent.
Fewer people look for homes during the winter months. Many prefer to semi-hibernate and wait for the warmer summer months before hunting down a rental and moving their worldly possessions. Tenant background checks are especially important during this time since it is easy to feel a bit desperate.
Eviction procedures in Georgia give tenants ample time to comply with the terms of a rental agreement before the eviction process can even start.
Landlords buy "Landlord Insurance" because it covers more than a homeowner's policy. Unfortunately there are events which even a landlord's policy may not cover.
If you're new to renting homes in New Jersey, one thing you'll discover is you'll always experience at least a few tenants who can't (or won't) pay their rent.
If you've purchased rentals in Nevada, you know there's a lot more there than just Las Vegas. Even if you have tenants living in other Nevadan cities, or in desert outskirts, problem tenants are always a possibility.
Homeowner Associations (HOAs) in Florida must comply with Federal and State laws, and local (city or county, etc) ordinances and regulations. These laws and regulations apply, as appropriate, to all common interest communities.
Evicting a Tenant in Connecticut takes time and is complex. Based on our research, it’s more complex and lengthy than most other States and involves a Marshall. Landlords must follow different steps, according to the perceived rental violation.
As a landlord, it is important to make sure that you comply with state legalities and procedures when it comes to evicting a tenant. If you go about the eviction process incorrectly, you might set yourself up for trouble.
Nothing makes being a landlord easier than getting the right tenant in your property. Leasing to a tenant who has had problems in the past is risky and can lead to headaches and financial losses. Here are three red flags that should make you think twice before renting to a prospective tenant.
No landlord looks forward to evicting a tenant. Why would you? That leaves you with an open unit, which means no rent being collected. However, sometimes circumstances arise that make eviction for a particular tenant necessary.
Taking the time to prepare your properties for winter is a smart and cost-effective way to avoid winter-related trouble. There isn't a single person on the planet that looks forward to finding their heat is no longer working--or worse yet, their water pipes have burst.
To expand your rental properties, you've perhaps decided to invest on the East Coast, particularly New York. While you shouldn't have an issue finding renters in New York, or New York City, it's inevitable you'll run into troublesome tenants eventually.
A little septic tank maintenance equals greater profits and a healthy community. Read on for some tips to maintaining septic tanks.
When it comes time to give tours of your rental property to potential tenants, you want your rental to not only be functional, but aesthetically pleasing. Many landlords overlook small details that can actually pique the interest of tenants, and allow you to keep rent prices higher.
The holiday season brings fun, festivity, family, and travel -- all activities that, combined with the shorter days and cooler weather, make potential great tenants less likely to be looking for rentals.
There is no concrete answer to this question. Like with so many things in life, it depends. This article is going to compare/contrast the two. It will also provide some points to consider before making your investment choice.
Alabama's landlord and tenant laws provide certain rights to both parties. Small, or private, landlords should know both their rights and the tenant's rights before they lease or rent out a property so, should it be necessary to evict a tenant, you will have the law with you.
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.
Did you know that South Carolina Legal Code 27 - 40 covers tenant eviction and the eviction process? This guide outlines the causes and the steps landlords should know before they begin the eviction process.
If you are listing a rental property and want to move through the process quickly, one thing you shouldn’t take off of your list is background screenings for new tenants. While this might seem like a hassle and is an extra expense, this can actually save you money in the long run.
The Landlord and Tenant Act of 1951 governs security deposits in Pennsylvania. This statute is what tells a landlord how much security deposit he can collect from a tenant, what he can do with the money once he has collected it and how soon he must return it once the tenant has vacated the property.
Naturally, as a landlord, you want to make sure you get the most rent possible for your property. However, it’s important to keep in mind that you must price your rental appropriately and in line with the local market.
Drone photography is an innovative marketing tool gaining popularity in real estate. Realtors need an edge in making the properties they represent stand out from all others.
The most common cause for eviction in Oklahoma is non-payment of rent. However, it is crucial that landlords follow the proper legal framework when it comes to evicting a tenant.
As a Virginia landlord, there are various reasons why you may want to evict tenant from your property. The most important thing to consider in this case is the law in Virginia that controls tenant evictions so you can adhere to the same.
When a tenant moves out of your rental property, it is crucial to document any property damage so there are no disputes. While writing down noticeable stains or damage is accurate, the best way to document the inspection is to use your smart phone to record a virtual tour of the property.
If you are looking for new tenants for your rental property, sometimes the process can seem overwhelming. With open houses, walkthroughs, and vetting prospective renters, it can be easy to forget to do an in depth screening.
When you're brand new to the landlord business, it may surprise you how much paperwork you'll need to complete to legally protect yourself.
Investing in real estate can mean big profits, if it's done well. Many people jump into the real estate business, only to find themselves overwhelmed by the work and not making the money they had originally dreamed of.
Cats and dogs are more than good friends and family members. For landlords, they can also be good business. In 2014, 72 percent of apartment renters had a pet.
There is nothing like a weekend getaway to a beautiful bed and breakfast. Whether it be for romance, relaxation, or just a new adventure, bed and breakfast hotels provide some of the most exquisite accommodations imaginable.
Squatting is an act that has troubled and perplexed many landlords for a long time. Perhaps you've discovered someone living in a property you own without your permission.
If a rental property has fallen into your lap, this can be a great resource for supplemental income, but this won’t come without some work on your end.
A security deposit is money collected by a landlord in addition to rent and used to protect the landlord if the tenant violates the terms of the rental lease.
When it comes to being a landlord, there is a lot to keep up with. One of these things is documentation. Luckily, you can find free landlord forms that will come in quite handy for your needs.
There are two times when security deposits become an issue. When a new tenant is moving in and when your tenant has decided to leave. What are the rules when it comes to security deposit law in Arizona?
Low water pressure, excessive water usage, slow drains, and various noises all relate to different reasons your plumbing is about to become clogged.
Most people are fully aware of the need to carry homeowner's insurance to protect their home and contents. However, the renters among us might not understand that if you are renting, you still must face the same questions and quandaries pertaining to insuring your valuables and personal belongings.
Usually, the standard practice is for landlords to paint their rental properties in neutral colors with the expectation that tenants will personalize the space with their choices of furnishings and accessories.
Every Texas landlord should be familiar with security deposit law in Texas. Not following the law could result in the landlord losing the right to keep a tenant's security deposit and may incur legal costs.
Real Estate investing can be an extremely lucrative endeavor. It provides residual income, while at the same time your future investment is essentially being purchased for you.
The State of New York has clear legislation on the topic of security deposits. Landlords should know the law, and follow it.
The state of Rhode Island allows landlords to evict a tenant due to non-payment of rent. However, the landlord must abide by the legal framework regarding evictions to avoid further problems and complications.
Finding and retaining quality tenants is the name of the game for landlords. Renting to the right people can provide peace of mind; however, on the other side of the equation having bad occupants will severely hamper your investment and cause a great deal of anxiety and stress.
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.
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.
Is denying a prospective tenant housing because of his or her criminal record discrimination? Well, according to the Feds, it could be.
Evicting a tenant is never easy, and having to evict one for not paying their rent can be especially hard if you know why they are not able to pay it. From one state to another, the laws are fairly clear about what can be done and Iowa is no exception to that rule.
On April 4, the U.S. Department of Housing and Urban Development (HUD) released new guidelines regarding the application of fair housing standards to individuals with a criminal history.
Eviction is one of the more troubling aspects of rental property management. Evictions occur when a tenant has violated lease agreement requirements. Most often this involves the failure to pay the rent. It can also involve other violations of rental agreements.
Every landlord has experienced those tenants that they just realize aren't going to work out. While they may be a small percentage of tenants, there are enough of them to give the job of being a landlord the rap of being a job that is nothing but a headache.
As a landlord, it is in your own best interest to do your job well. You can reduce the likelihood that you will encounter problems or issues with tenants by being a great landlord.
Massachusetts law allows a landlord to evict a tenant for not paying rent. If a tenant fails to pay the rent by the required date (usually the first of the month, unless the lease says otherwise) and you decide that seeking an eviction is the best option, there are a series of steps you must take.
We've had a few questions in the past about the difference between inviting an applicant vs. running an instant check (via a token) on an applicant.
Evicting a tenant sometimes happens. For landlords in Maine, following the law carefully will help avoid a tenant's lawsuit for wrongful eviction. To start, the rental agreement spells out how a tenant can be evicted if necessary.
Eviction laws differ according to state and sometimes even by county. In Missouri, the eviction process is covered by Chapter 535 of the Missouri Revised Statutes.
So the tenant renting your Maryland rental property has once again let another month go by without paying you a cent, or your tenant only gave you a small fraction of what they owe. You may have found them having their family members living there full time without you even knowing about it.
Are you a landlord in Montana being faced with evicting a tenant or breaking your lease agreement? Do you feel like you're lost in the online content telling you the correct route to take? In Montana, like all other States, the Landlord and the Tenant both have rights.
When you own rental property, you have a number of important decisions to make, including how to structure your business.
While no landlord wants to evict their tenant, sometimes you aren't faced with a choice, and you have to do what is best for your business. Minnesota has several laws in place to protect both you and your tenant, and to prevent long delays or added costs, it's important to follow the laws to the letter.
Sometimes tenants just will not live up to the lease agreement. When that happens in Nebraska, the landlord should take action to evict the tenant.
Owning rental properties can be risky, but they can also generate a great return, making them an ideal investment option for people who are looking to generate retirement income.
Getting rid of a tenant in New Hampshire is not as simple as telling the person to leave. As the New Hampshire Legal Aid organization says, "Most tenants in New Hampshire aren’t required to leave their homes on just the landlord’s say-so. Most tenants are entitled to a hearing where they get a chance to defend themselves before a judge.
Whether you have a separate full-time job or landlording is your full-time job, managing your properties can be time-consuming. Assembling a team of reliable professionals can help you to free up some of your time while also allowing you to focus on the areas of your business you enjoy most.
Looking for a superior investigative starting point for developing a more complete background check on your applicants? Look no further than our risk free Applicant Discovery Report.
As a landlord, you naturally have a lot of responsibilities. The last thing you want to deal with is scrambling around in the spring trying to locate receipts and determine whether you owe taxes.
For landlords, stress can be a serious issue. In fact, a recent study found that two-thirds of landlords believe property management is more stressful than having a day job.
Property values are finally on the rise. According to the National Association of Realtors, the median price for single-family homes is up 8.2 percent from last year. With property values increasing, investors have once again rediscovered the value of housing
Rules and regulations are the name of the game as a Small American Landlord. The Housing Voucher Program or better known as "Section 8" is like every other program in that it’s full of rules and regulations.
Around the country, many would-be homeowners have found that the costs of owning a home now exceed renting. While many economists beg to differ, when it comes to calculations, the details seem to make a significant difference.
VerticalRent now offers both VantageScore and FICO. It’s time to officially understand the similarities – and more importantly – their differences.
Two flavors of tenant screening are available, invite and instant. VerticalRent's latest release unveils a broad spectrum of tenant screening features for both independent landlords and large real estate brokerage firms.
Advertising your vacancies to potential applicants can feel like a full-time job unless you have the authoritative list of VerticalRent’s Top 50 Vacancy Advertising Websites.
The rental housing business is very local and it takes time and effort to understand a local market and all the nuances that go with it.
Recognized around the world for its football program and made famous by Joe Paterno and the Nittany Lions, Penn State is one of the most well-known universities in the country.
For fans of the hit TV show "The Office," Scranton, Pennsylvania, represents fond memories of the lovable cast who brought Dunder Mifflin to life each week. Surprisingly, some of the beloved places featured on the show actually exist.
While the American dream has traditionally been one of homeownership, more and more Americans are seeing that dream slip from their fingers.
Operating a rental property in Allentown, Pennsylvania, can be a solid business opportunity, but you must understand how to balance risks in order to take full advantage of the profit potential made available.
Known as the City of Brotherly Love, Philadelphia, Pennsylvania, certainly has a lot going for it. It should come as little surprise that so many people are attracted to the idea of calling Philadelphia home.
Throughout the United States, the housing market has experienced a recovery, and the State of Virginia has increased demand.
While rents have been steadily on the rise the past few years, renters in Seattle have recently received a bit of good news in that fewer landlords have increased their rents over the past year.
Wisconsin landlords are allowed by the state to evict tenants who fail to pay rent on time. However, it is vital that landlords follow the proper legal framework to make evictions valid and avoid further complications.
In Missouri, renters are facing rising prices, reflecting a situation that is occurring throughout much of the United States.
For renters seeking available properties in Erie and Pittsburgh, Pennsylvania, the search may be tougher than they expected. For instance, in Erie County, the number of renters has been on the rise in the last few years.
There may be more rental properties in development in Columbus, Ohio, but rent prices are still on the rise.
In Portland, Oregon, the average apartment rent is about $1,300, compared to about $1,180 just one year ago.
While Detroit, Michigan may have gained a poor reputation as both industry and residents fled the city in the aftermath of the Great Recession, today, that appears to be changing.
With some of the most spectacular natural beauty in the world, Hawaii is a coveted destination for everyone from travelers to retirees.
While rental prices are on the rise throughout much of the country, in Minneapolis, rental prices have actually declined slightly.
In South Florida, the rental market remains strong. This is particularly true in Miami, where the rental market has experienced a tremendous increase in rental prices over the last five years.
In Las Vegas, the rental market is growing at a steady pace.
In Indianapolis, rent prices are booming as the economy continues along the path of a remarkable recovery.
Many cities around the country are experiencing a tightening rental market and higher prices as a result, but in Denver, rental prices are soaring at even higher levels.
Tenants searching for available rental properties in Fort Lauderdale will have an increasingly difficult time in finding them, reports the Sun Sentinel.
Rents are on the rise around the country, and new data reveals that the rental market in Charlotte is among the fastest growing in the country.
Rents are on the rise in Dallas. According to The Dallas Morning News, effective rents in the Dallas-Fort Worth area have experienced a 5 percent increase year-over-year.
In the last few years, Austin has experienced a veritable explosion, as transplants from other parts of the country relocated to Texas to take advantage of the strong economy and job market.
In Boston, rent prices continue to climb. Zilpy reports that during the month of January 2015, rents in the Boston metro area climbed by an average of 5.18% compared to the previous month
For several years, the rental market in San Francisco has been what could best be described as overheated, with rents escalating each year.
Price hikes in rent have become a common occurrence in the New York City rental market, where during the previous year, Brooklyn, Manhattan, and Queens all witnessed spikes in rental prices.
According to CNBC, rents are on the rise in the Windy City. The purchase of a 60-story luxury apartment tower located in downtown Chicago recently set a record sales price.
Now that homeownership rates have dropped to the lowest level in two decades, single-family rental investors have found that there are many opportunities within the housing market.
In Houston, Texas, the rental market is growing by leaps and bounds. According to the Houston Association of REALTORS, 2014 showed record levels for the local Houston housing market, with home sales prices and volume reaching record heights.
Today, it has become increasingly important for landlords to ensure they are properly screening their tenants. According to The New York Times, evictions are on the rise around the country, often for nonpayment of rent.
According to CBS Miami, the state of Florida has benefitted from three consecutive years of ground-breaking tourism numbers, which is due in part to allowing homeowners to rent their properties seasonally.
Owning a vacation rental property can present a wealth of benefits, including the ability to enjoy your own getaway whenever you are ready as well as financial benefits.
The process of obtaining a tenant screening report is often among the most dreaded aspects of filling a vacancy. This is often because landlords may be confused about what they should include in the report.
When it comes to tenant screening, you owe it to your business and your other tenants to ensure that you only use the best tenant screening service.
It's that time of year again; the time of year for goodwill toward mankind. This year, you may find that showing a little gratitude toward your tenants with a Christmas basket can result in a number of benefits.
Ideally, the right rent price for your rental property would be a price that would allow you to bring in the most profit. Unfortunately, the process of setting rent prices is a bit more complicated than that.
During the fallout from the recession, many investors found that investing in stocks was no longer the best option for meeting their investment goals. As a result, many people began to look for ways to diversify their portfolio.
While it is important to screen your tenants carefully to avoid mishaps and uncomfortable circumstances, you also have to be careful not to break any discrimination laws when conducting your search for the perfect renter.
Most Small American Landlords cannot afford to purchase rental properties outright with cash. For this reason, it’s logical to leverage a 30-year fixed loan from a mortgage company.
Buying a foreclosure can present a great opportunity when you are looking for a property to fix up and then rent out.
With so many outdoor activities and natural beauty to offer, it is no wonder that Florida is such a popular getaway destination.
A bed and breakfast can provide a cozy and warm alternative to hotels for visitors to Florida who are looking for a relaxing getaway.
If it seems as though you are drowning while trying to manage your rental property business, it is important to know that there are options available that can help.
While most people are not overly fond of bookkeeping, it is an important part of life. When you run a business, accounting becomes even more vital.
Your residential lease agreement is the most important document relating to your rental property business. This is the document on which everything else hinges.
As a rental property owner, your main goal is to bring in a profit. Profits from property rental units are earned by collecting more money than is spent in expenses.
Rental property advertising is a must. Whether you operate a single unit or dozens of units, there will likely come a time when you need to advertise a vacancy.
Most property owners have experienced at least one issue with a problematic tenant. Whether it was a wild party that required the police to be summoned in order to quiet things down or it involved chasing the tenant for overdue rent, such issues can be a hassle.
VerticalRent announced today the release of its highly anticipated enhancement package 2.0. The list of enhancements is too much to outline, so we’re summing it up below for you. Enjoy!
One of the most important decisions you will make as a landlord is choosing the right tenant for your property. The right tenant can easily mean the difference between being paid on time or chasing the tenant for rent each month.
When it comes to renting your property, it is important to know who will be residing in your unit. A comprehensive tenant check can provide you with the information you need to make an informed decision about who will occupy your property.
The property rental business has dramatically changed in the last few years. Among the most significant changes is the transition to online management.
Regardless of how much effort you put into screening your tenants, damage inevitably occurs. Even the best tenants can unintentionally cause damage to your units.
As a landlord, you have many decisions to make on a daily basis. Along with considering monthly expenses, you also must pay attention to maintenance issues and devise the most appropriate marketing strategy.
The handling of security deposits can be a problematic issue for many landlords. Security deposits are an important way for landlords to protect against potential losses, but it is important to understand how to handle them to ensure that you steer clear of potential legal issues.
Eviction is never the desired outcome when there is a problem with a tenant. As landlords are well aware, it can be time-consuming and nerve-wracking.
As the recent data breach with Target serves to underscore, you can never be too careful when it comes to your financial information. While you cannot eschew technology altogether, it is important to become educated about scams and various types of Internet fraud.
Nightmare tenants are unfortunately all too common. Whether it is paying the rent late or creating a disturbance, some tenants can be difficult to manage.
Managing your properties is one of your most important responsibilities of a landlord, but from time to time, you will also need to advertise your properties. Whether you have a new unit or a vacancy, you will need to market it.
As a landlord, you can never be too careful when it comes to screening prospective tenants. Along with protecting you and your business, tenant screening also helps to protect your other tenants by providing greater peace of mind and security as well as helping you to find quality tenants.
Owning rental properties invariably means that you are going to be dealing with complaints. Even if you have the nicest tenants on earth and you make a point of maintaining your properties on a regular basis, there will be complaints.
In a perfect world, you could have an applicant complete an application and believe that he or she is telling the truth. Of course, as we all know, we do not live in a perfect world.
As a rental property owner, you have many responsibilities. Among those responsibilities is ensuring that your properties are properly maintained.
Do you offer the amenity of a swimming pool at your rental property? Pools can be a great way to attract tenants, but they can also bring a significant amount of responsibility.
Is it really necessary to check an applicant's employment and rental history? I say that it is necessary. The operation of a rental business is a business just like any other.
One of the most common questions that rental property owners must ask themselves at some point in time is whether they should hire a property manager. There are certainly advantages to having someone else manage your rental properties, but there can also be drawbacks.
Are you keeping your tenants informed and engaged with newsletters? If not, you could be missing the opportunity to connect with your tenants and keep problems to a minimum.
Homeowners and real estate agents have quickly come to understand that when it comes to moving a home quickly, pictures sell.
Are you giving enough thought to your leases and the other legal documents used in your property rental business? If not, you could be putting your business at risk.
With the rising cost of living expenses, many people are considering either operating an income-producing property from the same property where they live or becoming a live-in landlord in their own multi-unit building.
Many times, as landlords, we often focus on what we need to do to keep our current tenants or how to attract the next tenant. While those activities are important, it is also vital that you pay attention to a few necessary tasks when you are between tenants.
Does it ever seem as though you and your tenants are on a different page? If so, the problem could be due to ineffective communication.
As diligent as you may attempt to be in the management of your property rental business, even the most common mistakes can cause significant problems and perhaps legal troubles.
If you are in the property rental business long enough, eventually someone is going to ask you to negotiate the rental price for one of your units. Some landlords are willing to negotiate, while others have a firm price with no wiggle room.
It's that time of year again. The time of year when you begin to scrutinize your expenses from the previous year and search for every deduction that you can possibly take on your rental properties.
As the old Kenny Rogers' song goes, you have to know when to hold 'em and when to fold 'em. In the case of tenants, you have to know when to hold them and when to let them go.
As an experienced rental property owner, one thing I can tell that makes a significant difference is the ability to be organized with paperwork. As you are probably well aware, there is a significant amount of paperwork that goes along with managing rental properties.
Ensuring you have a positive cash flow is one of the most important steps in succeeding as a landlord.
As a landlord myself, I completely understand the importance of saving money on maintenance repairs. After all, repair costs can ultimately detract from your bottom line.
The most troubling aspect of being a landlord is tenants who damage your property, from putting holes in the wall, to complete trashing, and even worse.
Maintenance on a rental property can be a confusing issue. Renters may mistakenly assume all maintenance is the responsibility of the leasing agent and maintenance staff but this is usually not true.
As a landlord, it is only natural for you to want to know more about an applicant before deciding to rent your property to that person.
Consumer credit reports are commonly used as a method for evaluating rental applications.
Some simple instructions to get started with VerticalRent's Online Rent Collection feature.
Requirements for landlord’s running credit reports on prospective tenants continue to evolve. Credentialing is now required for all end users (landlords).
As a landlord, you have a number of responsibilities. Not only is it important to make certain that your investment is protected, but it is also important to ensure your property is safe for inhabitation.
While the rental market may be stronger than ever, it is still important for landlords to exercise caution. Many people have been hurt by the economy and their credit scores have suffered the consequences.
Attracting great tenants is an important goal of most landlords, but once you have found them, you need to know how to keep them. Understanding what quality tenants look for in a rental property can help you to keep vacancies at a minimum.
Whether you only handle one or two properties or a multitude of units, collecting the monthly rent can be a hassle for many landlords. Physical rent collection can certainly present a myriad of challenges.
When you are in the business of renting properties, there naturally comes a time when you must reject an applicant. There can be a number of reasons why you might reject a rental application.
Many interviewers in corporate America strut into an interview with the idea that they hold the cards and that the interviewee (job hunter) should bow to their presence.
There are many ways in which a person can make a living when it comes to real estate investing some of them carry more risks than others.
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.
There are two lines of cases in Ohio which deal with whether courts will enforce lease provisions allowing a landlord to charge tenants for late fees.
If you are a landlord, you know how lucrative and exciting it can be to collect rent. If you are experienced, then you already know that the greatest assets to a landlord are great tenants who always pay on time. The opposite is also true.
From time to time you will have vacancies in your investment rental property. When that occurs, you will naturally want to rent the property as quickly as possible so that you do not lose out on any rent money.
The ultimate goal of investing in rental property is turn a profit. To make sure that you achieve that goal it is essential that you follow several critical guidelines.
Classic business philosophy teaches that a great part of survival and subsequent success lies in an operation's ability to reduce mistakes.
What if you want better cash flow from your rental properties? You can't just raise the rents arbitrarily. If tenants leave, income goes down, not up.
Owning rental investment property can be a satisfying and lucrative operation; however, there are also several areas which need to be carefully heeded.
Finding the right rental property is certainly one of the keys to succeeding with investment rental property.
While many investors who purchase rental property focus on residences intended for year-around living, there is no denying the fact that vacation rental properties can provide an excellent income revenue.
In order to succeed when you invest in rental properties it is necessary to show your property to potential tenants.
There are some decided differences between fixing up your own home and a property you plan to rent out.
The process of searching for investment rental property can be exciting; however, before you get too excited it is important to run some preliminary numbers to make sure you know exactly what you are facing to ensure a successful investment.
Those who live in a rental property may have questions regarding how they should care for their dwelling.
Being a landlord is certainly a great way to make more money in the real estate business, because as a landowner who can also generate income through rental and lease agreements, you can often increase your earning power significantly.