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7 hours ago

There is a lot of paperwork involved in renting a real estate investment out to a tenant, but it's worth it. Without a paper trail you will find yourself in a lot of trouble should you ever need proof of communication between you and the tenant, what's been agreed on, and so much more. Having it in writing allows you both to have proof of expectations and something to look back on when you need a reference during a dispute.
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19 hours ago

As a landlord and property owner, you'll want to find ways to increase your bottom line without shortchanging your renters. One good way to do that is to take advantage of tax write offs designed to help ease the tax burden for those that invest in real estate and rent their properties out. Check out some of those great write offs here: http://buff.ly/2lcXK84

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1 day ago

No one wants to spend hours of their day traveling to their many properties in order to collect rent in person. With the modern family's busy schedule, coordinating in-person payment times is a difficult prospect. Worst case scenario, you chase around payments and deal with more frustration than you need to. These three rent payment collection methods will save you great time and energy, allowing you to focus on other important aspects of your property management business.
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1 day ago

From the moment that you receive the alert that your tenant will not be renewing their lease with you it's a race to set up your rental for your next tenant. Time lost is money lost, so you'll want to manage your time during this process. Check out some tips on that here: http://buff.ly/2lqfLlF

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2 days ago

There are few things worse than finding out that you've been renting to a hoarder, especially if that stuff is left behind after they move out. Your typical cleaning process just won't be enough, so you'll need to know how to tackle cleaning your rental to get it ready for your next tenant: http://buff.ly/2lM7zNz

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2 days ago

The Fair Housing Act is meant to protect groups of people that might otherwise be discriminated against in the rental community, but sometimes those rules and guidelines might seem overwhelming to a landlord or property manager. Check out our guide to rental discrimination here: http://buff.ly/2md3z6c

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2 days ago

Paperwork can pile in a rental business. You have applications, authorization forms, tenant screenings, notes on the screenings, leases, notices, and so much more. If everything is printed off as a physical document, that's going to take up a lot of space. You may consider going paperless to save yourself space, time, and money moving forward.
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3 days ago

When your rental sits vacant for a couple of months, you may start to feel nervous. When you get nervous you are more likely to make decisions that you wouldn't have made otherwise. One of those decisions might be to rent to a family member. While there's no set rule saying a landlord cannot rent to family, you'll want to take a look at this article before you do: http://buff.ly/2lpHhQd

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3 days ago

Dealing with tenants who skip out on their lease can be a very frustrating endeavor; however, there are some steps that a landlord can take to recover the money that is owed to them. As a landlord, you have a right to collect money that is owed to you when a tenant leaves the rented property prematurely. A lease agreement with fixed terms protects you from tenants who skip out on their remaining rent. They owe you the rent on that lease for the duration of the lease period or until you are able to rent out the property--whichever comes first. It does not matter whether the tenant gave you notice or they vacated the property in secret; the process of collection is the same.
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3 days ago

When you're laying out your gameplan for your rental business, one of the key things to look at is how you plan to set up your fees. You'll want to look at a variety of things, including local laws and more. Make sure you don't miss a step: http://buff.ly/2lkEzLU

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4 days ago

Evictions can get messy, and while they are monetarily expensive, they'll cost you a whole lot more than just money in a lot of cases. Check out what an eviction will really cost you: http://buff.ly/2l5oTcM

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4 days ago

When a tenant stops paying rent, that puts you in a real bind. Even if you have extra cash flow and your mortgage payments are not put in immediate jeopardy, you rely on steady, on-time payments for the upkeep of the rental property. It may come to the point that you need to begin taking steps in the eviction process, so you will want to know how to write a 3 Day Notice to Pay Rent or Quit.
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4 days ago

In the world of identity theft, you will want to make sure that your rental applicant is who they say that they are. If you do not do your due diligence in screening applicants you may find that you did not understand what you were getting into. http://buff.ly/2m5hsTb

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5 days ago

Delinquent tenants can be frustrating, but the eviction process is a legal process in which you must hit every step or you may find yourself with the case being thrown out and, potentially, even find yourself responsible for your delinquent tenant's court fees.
Paperwork isn't the only place something can go wrong. Make sure to avoid self help or wrongful evictions, as these can land you in legal trouble.
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5 days ago

Pets are often viewed as part of the family, and if you choose to deny pets across the board there's a good chance that you'll lose out on quality tenants along the way. Pets can, of course, damage the rental, so it's important that you create a pet policy, add it to your lease, and have all incoming tenants sign off on that policy.
We've put together a few tips on good points for your policy. Check those out here: http://buff.ly/2kRya8y

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5 days ago

The landlord-tenant relationship can be tricky at times. As a landlord and property manager, you don't want to let your tenant run over you, but in the same way, you don't want to be guilty of keeping them from reasonable enjoyment of the rental property. No matter how frustrating a tenant can be, you need to remember to stay professional or you may find yourself in legal trouble. Check out these tips to avoid landlord harassment claims here: http://buff.ly/2l1Tb2z

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6 days ago

You may have someone that applies for your rental that doesn't quite cut it on your income requirements. Maybe they're a student or a recent graduate that is new to the work force, or fall under any other number of reasons that they don't quite make enough. It's not that they can't pay on their sallary, you're just a little nervous that they don't make 3X or more the rent. There are options, if you feel that the applicant would make a great tenant in every other way but that. http://buff.ly/2lQL5vy

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6 days ago

Spring is just around the corner and summer will follow quickly after, and with summer will come some of the busiest months for landlords and property managers. While renters may choose to move at any time during the year, often they choose the summer to accommodate school schedules and more. It's smart to start planning early if you'll have a vacancy this summer. http://buff.ly/2kXkEm1

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6 days ago

It's the age-old question that every landlord needs to ask as their tenants move out: is that normal wear and tear or is that damage that should be deducted from their security deposit? Some things are obvious, but others might be a bit more difficult to decipher, especially if your tenants have lived there several years.
Check out these tips on deciding what you can deduct from the security deposit and what you cannot: http://buff.ly/2kuPaoP

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1 week ago

Part of your tenant screening process should be a reference check. If you decide to do that yourself or hire a third party to check references for you, it can go a long way in helping to choose the right tenant for your property and making sure that they have provided accurate information on their application.
Contacting your applicant's employment references can help you to verify their income information as well. Check out these tips on what to ask their employment references to make sure that you don't miss a red flag in your process: http://buff.ly/2kCPr46

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1 week ago

If you've never rented to someone covered by a Section 8 voucher, you may not be up to date on exactly what that means. Do they have different rights than any other tenant? Are there higher expectations on your end? Can you evict them if they fail to live up to the lease?
Make sure you do your research. http://buff.ly/2kusTHD

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1 week ago

If all goes well, a tenant should give you notice that they plan to move out at the end of their lease term. That gives you time to market and show the rental so that you can cut your turnover time down and start receiving rent payments from your new tenants as quickly as possible.
You don't want to focus so much on finding your next tenants that you neglect those still renting from you. Those tenants will still have legal rights to enjoy their home that they are paying you for, so you will want to make sure that you find times that work for both of you to show the rental to prospective tenants.
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1 week ago

You may have a rental applicant who does not have a social security number. They may be a recent immigrant or a college student in the US to study abroad, and while it may take a little more work to do your due diligence on an applicant without a SSN, you don't want to pass over a potentially good tenant. Check out these 4 options on how to check on an applicant without a SSN: http://buff.ly/2kyVIxU

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1 week ago

Many potential renters will have a pet of some sort. They may have a dog, a cat, or another type of animal that has become like part of the family over the years, and if you choose to deny pets across the board, you will be limiting your applicant pool. It's also important to note that you shouldn't just accept pets without preparation either. If you do choose to accept pets in your rental, it's important that you make sure to protect yourself against liability. http://buff.ly/2kyAujB

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1 week ago

You have enough on your plate without wanting to heap legal trouble on top of that, so as a landlord and property manager, you will need to understand what legal pitfalls are more common in your business and how to avoid them. You can start here: http://buff.ly/2l5Ztg9

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1 week ago

Many landlords choose to offer a 12 month lease to their tenants and do not give any leeway for a sorter period, but shorter leases are not always a bad idea. Check out some of the options you may consider for a shorter lease term here: http://buff.ly/2lN6eDw

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1 week ago

There are many apps made for property managers that can make their lives easier, but there are also apps that were not, necessarily, created for property management, but work wonderfully for it. If you're looking for some out of the box options to help streamline your process, check these out: http://buff.ly/2lHVtpo

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1 week ago

It may be tempting to just download a state-specific lease without really looking at the details, but there are certain things that you should make sure that lease covers before signing it with your tenant. Check out the top 10 things your lease should have in it when it comes to what the tenants' responsibilities towards your rental: http://buff.ly/2lMEoqT

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1 week ago

One of the main reasons to go through a comprehensive tenant screening process is to bring in a tenant that will take care of your property and pay rent on time. Even if they pay rent like clockwork each month, that won't be enough if they've completely destroyed your rental when they move out. Check out a few tips to make sure that your tenants know what is expected of them when it comes to the rental's upkeep: http://buff.ly/2ldu25Z

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1 week ago

While you want to keep the lines of communication open between you and your tenants, you don't want to cross the line into harassment territory. They should be able to feel at home in their rental without consistently answering emails, phone calls, or notes tacked to their door. You will want to find that balance with each tenant to make sure that information is communicated, but still allow them to live their lives. http://buff.ly/2ld3NfU

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1 week ago

Communication is imperative for any relationship, and that includes the relationship between a landlord and their tenant. If a tenant shuts off communication with you it can cause some concern, but it may not be the worst case scenario. Take a look at these tips for the best way to handle the sudden loss of contact with your renter: http://buff.ly/2l4Hmr1

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1 week ago

Time is a valuable commodity, especially in the real estate business, and during the tenant screening process you will spend a lot of your time answering questions. It's a good idea to have answers already ready to some of those more common questions, that way you're not scurrying to look up information and wasting valuable time. http://buff.ly/2kqkZds

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1 week ago

When you begin the tenant screening process, you will want to have minimum requirements set. Will you accept someone below a certain credit score? Is there a type of criminal activity that will disqualify them? What are your deal breakers when it comes to looking for tenants?
Understanding how you will approach this is important, because if you do not have a process, it may look like you're showing favoritism. http://buff.ly/2kqeYO8

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1 week ago

There are times when landlords, if they deserve it or not, find that they've been stigmatized just because they own a rental. What is the best way to avoid being blamed for other landlord's mistakes? http://buff.ly/2kqbhI7

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1 week ago

First-time tenants are excited about renting their first property from you, but they don't always have the life experience to know everything that goes into setting up a new residence.

Get off on the right foot with your new tenants by going through this checklist and providing useful resources before or during the move-in process. http://buff.ly/2kepisi

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1 week ago

Depending where your rental is located, you may have a difficult time snagging the best tenant when it comes time to put your property on the market for a new lease. Your rental may be in great shape and you may be a top notch landlord, but if there are many rentals in the area then you will have competition. One of the ways that you can receive a higher number of applicants is to avoid putting too many limitations on the property. Take a look at the following articles and weigh your options carefully. http://buff.ly/2kYeFyi

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1 week ago

In today's fast moving world, one wrong step can land you caught up in a scam. If it's a real estate scam, it can cost a lot of money. There are many types of scams that you might come across, so make sure to do your research. LandlordStation has put together an article to get you started here: http://buff.ly/2kcGG5O

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1 week ago

With so many details going into each real estate transaction, a small error can have serious ramifications. In some cases, a mistake can derail an entire property sale. http://buff.ly/2lzLrDq

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2 weeks ago

People looking for homes overwhelmingly use the Internet in their search, from hunting for properties to researching locations to looking for lenders and realtors.
Whether they are buying or renting a property, house hunters want to be sure that they're making the best choices.
Realtors who want to gain their audience's attention must take social networking seriously.
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2 weeks ago

If you could turn a larger profit in your rental investment, why wouldn't you? Making sure that you bring make the highest profit that you can in your rental starts at the very beginning, and part of that is in the loan that you sign for. The right loan terms can open you up to make it much easier to bring in more money as profit. http://buff.ly/2lxKnyX

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2 weeks ago

When you decide that it's time to purchase a new addition to your real estate portfolio, you'll need to make some decisions on how to finance it. Many landlords choose to take out a loan for their new property and pay that off in installments, but you may also consider paying it outright in cash if that's an option for you. Check out this article to compare and contrast your different options to find the best fit for your business: http://buff.ly/2kBhR1E

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2 weeks ago

So you've decided to purchase your first real estate investment property to rent out. That's great news! Being a landlord and a property manager can be very rewarding, but it is also a lot of hard work. Part of the way that you can ease that stress off your shoulders is to do your homework on how you'd like to approach this new business. Take a look at some of those first steps that you should take as a new landlord here: http://buff.ly/2kNz72m

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2 weeks ago

Becoming a realtor can bring in quite a bit of money, but it's not a guarantee. If you're considering taking that plunge, you'll want to make sure that you do your research and really understand what you're getting into so that you can set appropriate expectations. http://buff.ly/2kMAnCT

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2 weeks ago

Tenant screening is your first line of defense when it comes to protecting your real estate investment. You'll want to streamline the process without cutting corners. To do that you'll need to understand what you're looking for, how the law affects the way you may approach the process, and how to read the screening once you receive it.
Check out our Guide to Tenant Screenings here: http://buff.ly/2kTenZr

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2 weeks ago

The tenant screening process can be stressful. You're looking for just the right fit, and rarely do people enjoy telling someone that they're not going to get what they want. As a landlord, though, you'll be required to turn people down that have applied for your rental. In some cases, you may be legally required to present them with a formal letter. Check out this article for what you need to know about Adverse Action Notices: http://buff.ly/2ktnZcx

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2 weeks ago

Running a rental business is time consuming, but you can streamline various parts of the process to make better use of every minute of your day. There are many online tools to help you do that. Check out a few of those here: http://buff.ly/2ktmsmv

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2 weeks ago

If you own a rental in a location with a lot of competition, you may be looking for creative ways to stand above the rest. You may consider including utilities in your tenants' monthly rent. http://buff.ly/2kthtCx

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2 weeks ago

No one wants pests in a rental, but deciding on who is financially responsible for their removal may depend on the situation. Don't just assume one party is responsible without reading this: http://buff.ly/2lhfaQz

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2 weeks ago

When you purchase a property with the intention to rent it out, you are choosing to start a business. While that may seem pretty straight forward, something you may not have thought about is what kind of business entity is best for your new business. Check out some of those details here: http://buff.ly/2kLczl0

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LandlordStation provides a full platform of services including Tenant Screening and Online Rent Payments to Landlords.

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