Every landlord wants to have responsible tenants who pay their rent on time, respect the property, and don’t cause any trouble. Unfortunately, there’s always some risk associated with renting your property; this is why it’s essential to be cautious when reviewing applicants and keep an eye out for any red flags that could indicate a… Read more »
What to Know as the Federal Eviction Moratorium Comes to a Close
The federal eviction moratorium has been extended numerous times since the start of the pandemic, but it now appears to be reaching its end on July 31, 2021. This last extension, which prohibited evictions for an additional month, was intended to give Congress more time to determine a long-term solution to the looming wave of… Read more »
Strategies You Can Implement Now to Help with Future Nonpayment of Rent
Rental income is one of the primary reasons many people invest in rental properties. Unfortunately, rent collection doesn’t always go smoothly—especially if your tenants have been impacted by COVID-19. The federal eviction moratorium and state moratoriums make nonpayment of rent even more complicated, as qualifying tenants cannot be evicted due to nonpayment. Whether you’re dealing… Read more »
Actions You Can Take if You Can’t Evict a Tenant
The federal eviction moratorium has been extended another month, with an end date of July 31, 2021. The CDC says this will be the last time the moratorium will be extended, however, some states (like California) have extended the moratorium even longer. While evictions can still take place under some circumstances, all evictions based on… Read more »
Lowering The Rent Creates a Permanent Income Reduction for Landlords
The pandemic has caused unprecedented migrations from metro areas and rent declines nationwide, but San Francisco property owners have been hit especially hard, with rents decreasing by nearly 27% between early 2020 and early 2021. Lower Rents, More Incentives, and Less Money for Landlords While many renters have struggled to get by, so too have… Read more »
How to Handle Rent Collection with COVID-19
The Federal eviction moratorium is set to expire on June 30, 2021, with nearly 9 million households behind on their rental payments. Although it’s unclear whether the moratorium will be extended as it has in the past, it appears this is the end of the line for it, along with the few remaining state moratoriums… Read more »
Avoid These Property Manager No-No’s
Not long ago, a rental property owner went viral after she snatched some packages from her renters, which she claimed was payment for the rent she was owed. Unsurprisingly, her actions weren’t well-received online, causing her to quickly backtrack on her position. A story like this is a great example of what NOT to do… Read more »
The Pros and Cons of Month-to-Month Leases
Landlords are faced with many important decisions when renting their properties, including the duration of the lease. Although all landlords would like to have stable long-term tenants, there are times when a month-to-month lease may be a better option than an annual one. A month-to-month lease lasts for 30 days and automatically renews at the… Read more »
Tips for Making Your Rental Summer-Ready
It’s common to see tips for “winterizing” your rental for the cold months, but summer maintenance is often overlooked. With warm weather on the way, now is an ideal time to check in on your properties to ensure everything is in perfect working order – especially if your rental is currently vacant. Typically, summer is… Read more »
Squatter’s Rights: An Overview for Property Managers
In most cases, the residents who live the properties you manage will be paying tenants. They were selected to live there, have signed a lease or rental agreement, and pay their monthly rent. In rare cases, however, you may encounter squatters. These are individuals or groups of people who haven’t signed a legal contract allowing… Read more »