The 7 Top Tips for Rental Property Maintenance

Posted by & filed under Property Management.

Rental Property Maintenance

Every landlord wants to make sure they get the highest return on investment for their rental properties. There are several factors that affect ROI, including financing costs, market conditions, and vacancy rates—but one of the most important factors is maintaining the value of your properties. The best way to do this is to keep your…

What to Include in a Tenant Pet Agreement

Posted by & filed under Property Management.

Many landlords have strong feelings about tenants keeping pets in their rentals. Some landlords are against having pets on the property because of the potential for damage or liability issues; some may be willing to negotiate their pet policies on a case-by-case basis. Other landlords may be pet lovers themselves or recognize how allowing pets… Read more »

Apartment Fire Prevention

Posted by & filed under Property Management.

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

Posted by & filed under Property Management.

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 »

Protect Your Investment by Learning How to Spot Fake Pay Stubs

Posted by & filed under Property Management.

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

Posted by & filed under Property Management.

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 »

Is Your Rental Considered an Investment Property or a Business?

Posted by & filed under Property Management.

Landlords Property Managers Contact TSCI Tax season is on the way! If you’re a newer landlord who rents a single-family home, apartment building, or vacation property, you may be wondering how to handle your taxes this year. To ensure you’re receiving the proper deductions, you’ll need to determine whether your rental property is considered an… Read more »