Evictions aren’t pleasant—for landlords or tenants. However, knowing what to do after you evict a tenant can make the entire process easier and less stressful. Once you’ve regained possession of your property, it’s invaluable to have a defined course of action. Here are some steps to take to get your rental ready for the next… Read more »
Is it Legal for Landlords and Property Managers to Allow Police to Searches at Rental Properties?
All tenants have the legal right to privacy; as a landlord or property manager, this means you’re required to give up some of your rights to the property when it’s occupied by a tenant. For example, you must provide adequate notice before conducting an inspection, changing the locks, or other activities that could somehow violate… Read more »
Apartment Fire Prevention
Did you know cooking is the leading cause of apartment fires and fire-related injuries? Nearly half of all home fires start in the kitchen, resulting in approximately 10% of residential fire deaths in the United States. Apartment fires, whether caused by cooking or an electrical fault, can spread rapidly and put the lives of other… Read more »
Rental Property Bookkeeping & Accounting 101
If you’re a busy landlord, you may be tempted to let your accounting fall by the wayside—but did you know that 82% of businesses fail because they don’t manage their cash flow well? Although bookkeeping tends to take the back burner, it’s crucial for the success of your business. Fortunately, setting up an efficient accounting… Read more »
What You Should Know About Rental Application Fraud
Tenant application fraud has always been a problem in the rental housing industry, but it’s been on the rise since the start of the pandemic. One survey conducted in 2021 found that 55% of property managers experienced rental application fraud every few months, with 15% dealing with multiple fraudulent applications each month. To help you… Read more »
The Top 10 Tenant Red Flags to Watch For
Everyone wants a tenant who pays their rent on time and is respectful of the rental property—but sometimes you might need to go through several applicants before you find the right fit. Although tenant screening is the best way to quickly eliminate problematic applicants, there are some red flags that can also help you avoid… Read more »
Protect Your Investment by Learning How to Spot Fake Pay Stubs
Most prospective tenants are honest when filling out their rental applications; unfortunately, this isn’t always the case. Many landlords have discovered that applicants included falsified information in their applications. Fake pay stubs are one of the most common falsified documents rental applicants submit, so it’s important to know how to verify their authenticity. To help… Read more »
How to Handle Tenant Property Damage
Owning a rental property can be an exciting business opportunity, especially if you have responsible tenants who take good care of the home and pay their rent on time each month—but sometimes things don’t go as planned. You might find an amazing tenant, or you might end up with someone less than ideal. They may… Read more »
How to Help Support Tenants Who Are Victims of Domestic Violence
Each year, approximately 10 million people in the U.S. suffer from domestic violence. According to statistics from the Center for Disease Control, this amounts to nearly 20 people per minute being physically abused by an intimate partner. When you consider that around 37% of households are renters, domestic abuse at one of your properties could… Read more »
Can Landlords Install Surveillance Cameras at Their Properties?
Landlords put a lot of time and energy into their rentals, from finding tenants to keeping the property maintained. As the core of your business, it’s important to make sure your rental stays safe. One of the easiest ways to see what’s going on at your property at all times is to use surveillance cameras—but… Read more »