In response to the pressing need to protect renters and ensure rental affordability, the Biden-Harris Administration unveiled the Blueprint for a Renters Bill of Rights earlier this year. Although not legally binding, this comprehensive 19-page document outlines five critical principles aimed at safeguarding tenants’ rights and promoting a fair and well-functioning real estate market. It…
Proof of income is often required by experienced landlords; although it may feel like an invasion of privacy, requesting proof of income is an essential step in the application process that can help you decide whether a potential tenant is a good fit for your property. Here’s a look at which documents are considered proof… Read more »Why Should You Request Proof of Income from Rental Applicants?
Posts Categorized: Rental Housing
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 »
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 »
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 »
Important Factors to Consider for Your Rental Criteria
Rental housing laws regarding tenant screening, applications, and rental housing decisions are constantly evolving. Although it can be time-consuming and difficult to keep up, it’s important to make sure your written rental criteria adapt to the latest regulations. Updating your rental criteria annually is the best way to ensure you’re following all the guidelines –… Read more »
When is it Valid to Decline a Rental Application?
Renting to tenants is risky, so it’s understandable that you want to choose the best applicants when filling a vacancy. Tenants can cause property damage, hurt your reputation, or even potentially sue you for damages, which is why it’s important to screen your applicants before extending an offer. However, some landlords can get a little… Read more »
What Landlords Need to Know About the Federal Eviction Moratorium
In September, the Centers for Disease Control and Prevention (CDC) issued a temporary nationwide eviction moratorium on most evictions for nonpayment of rent to curb the spread of COVID-19. The CDC stated that the moratorium, which is set to end December 31, 2020, would help reduce the spread by allowing people to follow stay-at-home orders… Read more »
An Overview of California’s State-Wide Rent Control
The housing crisis isn’t a new development in California; since about 1970, the state has experienced an increasing housing shortage, and by 2018, California ranked 49th in the nation in housing units per capita. Rising rents, stagnant wages, and overall high cost of living have all been named as factors in the increase in homelessness… Read more »
An Overview of State Rent Control Laws
With housing shortages, rising rent prices, unemployment due to COVID-19, and other issues, rent control has become a hot topic this election year. As a refresher, rent control (also called rent stabilization) caps a tenant’s rent at a specific dollar amount or limits the percentage the rent can be increased by after the tenant’s lease… Read more »