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 »
Posts Categorized: Rentals
Important Steps to Take When Vetting Rental Applicants
Although interviewing applicants for your property may feel daunting, it’s an important step in finding the right tenant. Finding a tenant you have a rapport with from the beginning and who meets your rental criteria can make the whole rental experience easier on everyone and helps to ensure your relationship remains mutually respectful. So, which… Read more »
Tips for Maintaining Your Rental Property’s Roof and Reducing Roofing Costs
The roof is your rental property’s first line of defense against the elements, but it’s also arguably one of the most vulnerable parts of the building – and one of the costliest to replace. However, just like bringing your vehicle to the mechanic regularly for maintenance will lower your overall repair costs, roof maintenance can… Read more »
Is My Rental Property Considered a Business?
Whether you’re the landlord of a single-family home or you own a multi-unit apartment building, it’s important to understand whether your rental is considered an investment or a business because the distinction can have important tax consequences. If you’re considered a business owner, you’ll receive valuable tax deductions that don’t apply to investors. With tax… Read more »
Tips and Best Practices for Renting a Room in Your House
You may not realize it but when you decide to rent out a room in your house, you’re more than just a roommate; you effectively become a landlord. While the rules and regulations regarding roommates can vary based on your location, it’s important to know the details of being a landlord in order to make… Read more »
Streamline Your Rental Tours with the Best Virtual Tour Apps
Virtual tours have grown in popularity over the years; thanks to the development of smartphone capability and apps, property managers and landlords can show off their rental properties to many prospective tenants at the same time. Renters also benefit, as they can search for housing and view the properties they’re interested in without ever leaving… Read more »
What You Need to Know About the Latest Rent Protections
COVID-19 has caused a wide range of government responses concerning renter’s rights – and they’ve varied greatly depending on where a rental property is located. On the most extreme end, you have California, where state legislators proposed a bill that would reduce rent by 25% and ban evictions until 2022. On the opposite end of… Read more »
What You Need Know About Rent Concessions and Lending during COVID-19
April was the first month many tenants were unable to pay their rent due to COVID-19 restrictions. With an estimated 1 in 10 Americans now unemployed, property owners are facing a greater number of rent delinquencies than they’ve seen in recent times. Unfortunately, that trend isn’t likely to change as the federal, state, and local… Read more »
Odd, Bizarre, and Restrictive Rental Rules
One of the toughest things about being a tenant is that they must abide by other’s rules – or they’ll need to find a new place to live. Most of the time, rental rules are reasonable and easy to follow. Some landlords and property managers, however, take things too far with extremely restrictive or nonsensical… Read more »
Tips for Creating a Peaceful Rental Community
As a property manager, your success relies on the ability to manage several properties at once. Unfortunately, the more properties you manage, the more likely you’ll experience conflicts among tenants, property owners, or neighbors. Communication skills play a crucial role in resolving disputes and keeping the communities you manage peaceful. You need to be able… Read more »