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5 hours ago

The landlord/tenant relationship is just as important to the landlord as it is to the tenant. If entered into with care, the lease agreement will protect both you and the renter. Following are basic tenant rights you, as the landlord, should be aware of when preparing to rent a property. http://buff.ly/2jpLe7A

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20 hours ago

Whether you're new to the game or looking to add additional properties to your portfolio, undoubtedly you want to invest in property that will provide a solid return. One way to ensure this result is to research the community in which you'd like to buy property. By choosing property in an area with potential, you can take your business to the next level. http://buff.ly/2jRHOHk

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22 hours ago

There will be times that you have rental applicants trying to move in from out of town. They may be military members coming back from overseas, college graduates looking to relocate, or simply changing cities for a new job. The possibilities are endless, but the reality remains that if they're coming in from out of town, it may be more difficult to meet with them in person. Check out these tips on how to make sure that you still go through a thorough tenant screening with them: http://buff.ly/2jYdWgr

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1 day ago

Renting property is a great way to make money, but there are plenty of legalities that landlords must follow. As the laws change, you may need to update your documents. Make sure you check for updates on these four types of documents. If you don't, you could unintentionally break the law or give up some of your rights. http://buff.ly/2jhFXMP

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1 day ago

Even if you own single-family homes as rental investments, there's still a chance that you'll have to handle a noise complaint. These might come from your own tenants about neighbors, or about your tenants from their neighbors. You'll want to make sure that you approach the situation appropriately.
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1 day ago

Sealing a drafty door may be easier than you might think, and it will help better insulate your rental so that your tenant's electricity bills are just a bit lower. If you receive a maintenance request for a drafty door, take a look at the following tips on how to handle the issue without having to call a handyman.
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2 days ago

There are many cases in which a landlord will need to call a contractor after a tenant moves out of their rental home, but there are many smaller projects that are easy to tackle on your own to save some money. One easy task is patching the nail holes in your drywall that were left behind after your tenants hung photos or decorations in their home while they stayed there. See how:
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2 days ago

Some landlords that choose to open up their rentals to Section 8 tenants are nervous about potential issues that might come with it. Like with any tenants, you'll want to make sure that you find the best one for your rental, and this means looking for high quality tenants that will take care of your property while they live there. Check out these tips for finding high quality Section 8 tenants: http://buff.ly/2ikYavz

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2 days ago

Members of the armed forces can make great tenants, but you should first understand that military servicemen and women have special federal rent protections. The se protections can have an impact on the eviction process and security deposits, and they may present you with other legal challenges. Here is information about the laws that benefit military service members and what you need to know about them.
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3 days ago

Learning from you own mistakes is a key to running a successful business, but another option is learning from other people's mistakes. Networking is a great way to talk with others in the landlord and property management business so that you might find ways of avoiding mistakes that they made and help others in return.
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3 days ago

Tenant screenings are your first line of defense against tenants that have burned landlords before you, and a credit check is a major part of that screening process. So what do you do if your applicant doesn't have a credit history? They may be a recent graduate, just starting out in the world, or they may not have held a credit card or taken a loan out in their name in some time. They may simply prefer cash over credit. Whatever the case may be, a lack of credit history does not, necessarily, make them a poor choice, but you shouldn't just accept them without doing your due diligence either. Check out these tips on how to screen a tenant without a credit history: http://buff.ly/2j5D5CD

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4 days ago

You may have a tenant that looked fantastic on paper, but once they're in they're anything but perfect. Maybe they don't pay rent on time. Maybe they sneak a pet in when the lease strictly forbids it. Or maybe, perhaps even worse, they don't actually break the lease, but still find ways to make your life as a landlord and property manager difficult. If they haven't broken the lease it may complicate the situation, but you do have options on how to handle troublesome tenants.
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4 days ago

There are a variety of reasons why you might need a tenant out of your rental home before the lease is up, even if they have not violated the lease agreement.
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4 days ago

We believe that the future of the rental business for independent landlords is a transactional marketplace rather than a software or a lead generation media site. This is why we acquired RadPad. Read more about that here: http://buff.ly/2jF4Lxi

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5 days ago

A criminal background report is an important aspect of tenant screening. This report provides you with the information about a potential tenant's conviction and arrest record so you can make educated decisions on whether to accept their rental application. However, criminal background reports are fallible and sometimes don't show the whole picture of a tenant's criminal history. Here are a few reasons why the report may be missing information. http://buff.ly/2j8YYmW

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5 days ago

Credit reporting agencies (CRAs) prepare the reports that many landlords use to evaluate a prospective renter’s application. These reports include information like the applicant’s rental history and credit history. Landlords who do this must follow guidelines set by the Fair Credit Reporting Act (FCRA), meaning if they decide to reject an application based on information in the report, they must state so. If you’re a landlord who reports information about your tenants to a CRA, you must also adhere to FCRA guidelines.
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5 days ago

Even if you are a do-it-yourself style landlord, there will be times when a project outside of your purview pops up and you'll need to hire a contractor. Hiring the wrong one could cost you a lot of money and trouble. You will have to fire them and hire someone else to come in to fix the first group's mistakes before they can even start in on the original project.
Make sure you hire the right contractor the first time. Here's how:
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6 days ago

Building the Rental Marketplace of the Future: Why We Acquired RadPad: http://buff.ly/2j864FO

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6 days ago

Many decisions go into the purchase of a new real estate investment property, but one of those decisions will be if you intend to purchase a brand new or a used home to rent out to your future tenants. There are pros and cons for both, so you will want to weigh your options carefully and choose what is right for your business.
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6 days ago

There are many variables that will go into the decision on if you should manage your own rental properties or if you should hire a property manager. Are your tenants self sufficient or do you need to keep a close eye on them? Do you have one rental or fifty? Are your rentals close to where you live/work or are they in another city? Perhaps even scatted across the country? There are many things to think about before jumping into business with a property manager.
Take a look at a few tips on the subject here:
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6 days ago

You may get a wide range of applications when you list your property for rent, including applicants with a criminal record. While this should certainly be a component that you weigh when it comes to deciding if an applicant is qualified or not, you may want to consider a few things before making your final decision:
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1 week ago

When you purchase a real estate investment home that is governed by a Home Owners' Association, you may find that you have additional rules to play by that makes your job as a landlord much more difficult than it would be otherwise. Make sure that you understand those rules before putting money down on the property.
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1 week ago

Many landlord and tenant relationships work out without a hitch. Screenings are performed, the paperwork is signed, rent comes in, and maintenance is done. There are times when a tenant may look great on paper, but not in reality when they're living in your rental. If things go from bad to worse and your tenant begins to threaten you, you'll want to make sure that you know how to handle it. http://buff.ly/2jws1lc

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1 week ago

It can be stressful going through the process of finding an amazing tenant, but once you do, you'll want them to stay. If your tenant is on the line about staying or finding a new rental to live in, there are a few things you might do to convince them to stay:
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1 week ago

Passive income is simply a stream of earnings acquired without exchanging time in hours. In other words, money that comes to you, without you doing work for it. Once the structure of the particular business is in place, the income will continue to pay, with minimal (or even no) effort on the part of the owner. It is, of course, a great idea to include a passive income flow as part of your overall retirement plan.

When it comes to real estate, a passive income is achieved through acquiring properties and then renting them out. The rental income should cover the costs of paying the mortgage, as well as insurance, management fees and any other maintenance requirements.
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1 week ago

When you choose to invest in real estate, you'll need a game plan. There are many places a real estate investment can go right and many places that it can go wrong if you don't do your homework beforehand.
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1 week ago

You may be looking to purchase your first rental property or add to your portfolio, but there are a few things that you should be certain of before jumping into a real estate investment.
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1 week ago

You may own the rental that your tenants are leasing from you, but they have certain rights that you, as the landlord and property manager, are legally required to respect.
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1 week ago

Screening your rental applicants is your first line of defense against troublesome tenants, but only if you know how to approach it. Check out these do's and don'ts that we've collected for you to make sure that you approach your tenant screening process in the best way possible:
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1 week ago

Many landlords that only own a handful of properties have a day job too, so every minute counts. Streamlining your workload will help you find a better balance. Check out these online tools that can help you do that:
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1 week ago

When an applicant comes to you with an interest to rent your investment property you will need to make sure that your screening process is up to the task of vetting them on their reliability.
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1 week ago

Landlords spend a lot of time, energy, and even money doing their best to avoid a future eviction. There is often a thorough screening process in place that weed out many poor choices, but if a bad tenant slips through it can really cost you on the other end. Check out this article to see just how much an eviction process really does cost a landlord:
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1 week ago

If there's one thing you can rely on in a rental property it's that maintenance will need to be done. Some maintenance issues are routine and some will be emergency repairs, but keeping up with maintenance will not only keep your tenants happy, but will also keep the investment property value steady. Check out these tips on how to stay on top of maintenance issues: http://buff.ly/2iJNaa5

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1 week ago

When you turn a rental applicant down or conditionally accept them, you'll be required to provide them with an Adverse Action Notice. Make sure you know the details of what should go into that and exactly when you need to provide it:
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1 week ago

Winter can be a beautiful time of year, with heavy snow and freezing temperatures, there are certain arrangements that have to be made.
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1 week ago

A landlord and property manager's job is to take care of the rental so that it can be rented out to turn a profit, but accepting a troublesome tenant into that rental makes that job very difficult. Check out these warning signs that could help you avoid accepting the wrong applicant: http://buff.ly/2ibEHcN

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1 week ago

Many apartment buildings and even some single family homes are owned by businesses. They have the funds to hire property management teams that can provide all the bells and whistles. It can feel very intimidating if you're a single landlord with only a handful of properties, but there are many ways that you can highlight your advantages over large, corporate landlords to help draw in qualified tenants. Check out some of those tips here: http://buff.ly/2hTEGfM

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1 week ago

If you're currently a landlord thinking about selling a house, you may have to fill out a disclosure statement first. Even if your state doesn’t require this form, it’s recommended that you provide it, since it can protect sellers in the long run.
Here’s how it works and what kind of information you need to provide.
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1 week ago

Having a member of your maintenance team live on-site so that they may respond to an emergency if needed is one way to keep those big bills at bay. The trick to getting that continuous maintenance lies in finding the right person to hire. http://buff.ly/2jaw6uV

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2 week ago

If they deserve it or not, many landlords find themselves being judged on other landlords' misdeeds. This creates a negative stigma that even the best landlords may have trouble fighting. Check out these tips to make sure that you overcome bad landlord stigmas and be the best landlord that you can be:
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2 weeks ago

When you decide that you're going to purchase another rental property to add to your portfolio, there are many things you'll need to think about. One of those things is how you will finance that investment. Should you pay in cash or apply for a loan?
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2 weeks ago

Your rent-to-mortgage ratio is a key factor to keep in mind during when you are purchasing a new real estate investment property.
A safe ratio sets your rental payment at a level that generates a positive net cash flow for the property. The exact return on investment varies based on your rental market, property type and mortgage terms. http://buff.ly/2iAhBgU

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2 weeks ago

Over time, your bathtub can begin to look worn and old. The chips, cracks, and other wear and tear which occurs can become difficult to clean.

By knowing how to reglaze a bathtub, you'll be able to make it look brand new once again. Here's what you'll want to do.

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2 weeks ago

Instead of going through with that cost, consider resurfacing your cabinets instead. Over the course of one weekend, you can create a brand new look and get the job done for less than $200 per cabinet in many instances. Here's what you'll want to do: http://buff.ly/2j1mC1a

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2 weeks ago

The first defense against delinquent tenants is a thorough tenant screening process that checks their credit history, criminal history, and eviction history. This will help you hedge against people that have burned other landlords before you, but there will be times when you are that first landlord to get burned, or perhaps they simply slipped through your screening methods. Whatever the reason, you should always know how to approach an eviction in case the worst happens. http://buff.ly/2hU5hH1

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2 weeks ago

During the busy rental season you may find that you're being pulled in multiple directions. If you want to stay on top of things, you will need to have your process and policies set before you jump in the middle of it. This includes how you will handle a variety of fees. Before things get too crazy, take a few minutes to consider the following about rental fees and deposits: http://buff.ly/2ipS0JP

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2 weeks ago

When you choose to become a landlord you are choosing to put money into an investment and then hand that investment over to another person to live in. There are precautions that you should take, of course, but even tenant screenings, which will be your first line of defence against delinquent tenants, can't catch every possible problem that could come across your desk. http://buff.ly/2hU8Jle

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2 weeks ago

You likely go through a rigorous screening process when you accept a new tenant into your rental. This should include a credit check, criminal and eviction check, reference checks, employment and income verification, contacting previous landlords, and possibly more. You put time and a lot of effort into these checks to make sure that the person that you're accepting is not only going to pay their rent to you on time, but will take care of your property like it is their own. Why, then, would you want to risk opening your property up to unscreened tenants?
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2 weeks ago

Protecting your rental property can take many forms. There are mistakes to be avoided, scams that you will want to stay clear of, the possibility of damage done to the property, etc etc... Your best bet is to get ahead of the issues before they happen, and make sure that you know how to properly protect your investment.
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2 weeks ago

The property market is complex and full of complicated processes along with plenty of jargon. And this is why an agent could be invaluable to you. If you are not an expert, it probably won’t be long before you feel out of your depth when going it alone. That is not ideal when you are purchasing a house - which is a huge commitment - and mistakes can cost a fortune!
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LandlordStation

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

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