Landlords Property Managers Contact TSCI If you want a better return on your rental investments, it’s important to understand how to tactfully and effectively raise the rent—without rocking the boat with loyal tenants. Rising property costs, as well as turnovers, can eat away at your profits over time. Before raising the rent, you’ll need to… Read more »
Wear & Tear Vs. Tenant Damage: A Complete Guide for Landlords
Landlords Property Managers Contact TSCI When a tenant moves out of your property, there’s a good chance that they won’t leave it the way they found it. If there’s obvious damage, like holes in the walls, you’ll be able to deduct the cost of the repairs from their security deposit. However, landlords cannot retain any… Read more »
9 Steps for Turning Over Your Rental Property Quickly and Efficiently
Landlords Property Managers Contact TSCI In an ideal world, every tenant would be an amazing long-term resident, and you’d rarely have to worry about turnover. In reality, tenant turnover happens far too often. There are many details to worry about when transitioning a rental unit from one tenant to another, like reviewing your lease, providing… Read more »
Legal Tenants Vs. Occupants: What’s the Difference?
Landlords Property Managers Contact TSCI Many landlords use the terms “tenant” and “occupant” interchangeably, but each has a different implication from a rental standpoint. So, what’s the difference, and how does it affect your business? Here’s an overview of how tenants and occupants are defined, as well as how to handle certain situations you may… Read more »
Overcome the Challenges of Being a Long-Distance Landlord with 10 Simple Tips
Landlords Property Managers Contact TSCI Although there are many advantages to owning a rental property near your home, not all landlords choose to invest in real estate near their residence. Maybe you’ve moved and want to keep your previous residence as a rental, or you could have found a great investment opportunity across the country…. Read more »
What Can You Expect in the Rental Housing Market in 2022? Here Are 5 Predictions
Landlords Property Managers Contact TSCI After two years of uncertainty and instability, the idea of a new year brings both anticipation and apprehension. What will the rental market look like in 2022? Here are several predictions about what landlords can expect to see. Rent Prices Will Increase At the start of the pandemic, many areas… Read more »
5 Tasks to Safeguard Your Rental Property Business in 2022
Landlords Property Managers Contact TSCI The past year has been a mixed bag for landlords. The eviction bans left many stuck with tenants who couldn’t pay rent; on the plus side, rents skyrocketed, and the demand for rentals increased. Although there’s no way to know what 2022 will bring, one thing’s for certain: it’s best… Read more »
Best Practices for Calculating Rental Rates
Landlords Property Managers Contact TSCI Whether you’re a first-time landlord or an experienced pro trying out new locations or property types, deciding on how much to charge for rent can be one of the most difficult parts of the rental process. However, it’s also one of the most important decisions you can make for your… Read more »
The Federal Eviction Moratorium is Over, but State & Local Restrictions Remain
Landlords Property Managers Contact TSCI As the pandemic continues to affect the world, you’ve likely gotten a bit more familiar with how eviction and foreclosure moratoriums have been used to give additional assistance to renters, landlords, and homeowners. Unfortunately, the number of times these moratoriums have been implemented, renewed, extended, and ended, can make it… Read more »
Do You Need Rental Property Insurance?
Landlords Property Managers Contact TSCI Investing in a rental property is a great way to earn passive income, grow your real estate portfolio, and enjoy tax benefits. However, it’s always important to make sure that your investment is protected. Rental property insurance (also referred to as a “landlord policy”) covers the unique risks associated with… Read more »