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10 hours ago

A welcome letter is a good practice to get into as a landlord and property manager. It will allow you to put your greeting to your new tenant down on paper along with a refresher of some of the more important policies that they should be aware of. Check out these tips to make sure that your welcome letter includes everything that it needs to:
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14 hours ago

Part of thoroughly screening incoming tenants is verifying the information that they provide on their application. Income is a major piece of information to verify, and there are several key ways that you can handle this process to help make sure that your new tenant is capable of paying rent.
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20 hours ago

If you replace the carpet every time an old tenant moves out and a new tenant moves in, you'll be looking at a lot of work and a pretty high turnover bill. Carpet is meant to last, but as a landlord and property manager you'll need to know when you can give your rental's carpet a good, deep cleaning and when it's time to replace it.
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1 day ago

There will always be a little work to do during the turnover process between tenants, but if you find that the outgoing tenants were hoarders, there will be a whole lot of work to do. You'll need a plan to get everything back into shape so that you can bring in another renter.
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1 day ago

Part of a thorough tenant screening process should be following up with your applicants' prior landlords. This can help to provide a more rounded view of what they may be like as a future tenant.
While many applicants will simply provide a list of contacts and references, some may have a full letter of recommendation from their previous landlord.
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1 day ago

Rental ads can be tricky. In many cases, they will be the first thing that your potential applicants see when they are introduced to your rental. You will want to make sure that they are created to catch their eye and their interest. Here's how:
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2 days ago

As a property manager, do you need to have a real estate license?
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2 days ago

No one wants to find themselves in the middle of a lawsuit, but if you're a Realtor you may may want to get ahead of the curve to make sure you can avoid those situations before they arise.
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2 days ago

When you apply for a mortgage you are providing quite a bit of personal information that could, if not properly protected, lead to your identity being stolen. What is the best way to protect your information when you are setting up financing for your next real estate investment?
http://www.landlordstation.com/blog/how-to-avoid-getting-your-identity-stolen-while-applying-for-a-mortgage/

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3 days ago

As a landlord and property manager you should always be furthering your education so that you can stay up to date on changing trends and provide the best service to your tenants as you can. Articles, seminars, and networking groups are a great place to start, but don't count out the experts that have taken their time to write books on the subjects that you need to know about.
Check out these top five books that all landlords should read:
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3 days ago

Networking is a great way for a landlord to built professional contacts and learn from others in the business, but how do you get started?
http://www.landlordstation.com/blog/tips-for-networking-with-other-landlords-for-success/

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3 days ago

When you decide it's time to expand your rental business you will likely want to apply for a loan for your next investment property. Check out these tips to securing financing:
http://www.landlordstation.com/blog/3-tips-to-securing-financing-for-new-properties/

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4 days ago

No landlord wants to find out that a squatter has moved into their vacant rental unit, but if they have, you should know that you can't simply kick them out by force. You'll need to follow the letter of the law or you might be the one in trouble.
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4 days ago

Going paperless is a trend that can help your rental business in a variety of ways. It can help you stay organized, save you time and money, and is good for the environment. Check out these tips on the best way to go paperless:
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4 days ago

Security deposits are a great way to encourage your tenants to return the property in the same state that they accepted it in. If they do, you'll be able to return the deposit in full to them at the end of their lease.
Before any of that happens, though, you'll need to set that fee so that you know how much you will be asking for upon move in.
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5 days ago

Tenant screening is one of the best ways to protect your rental property from delinquent tenants. You will need to know how to reach the kind of tenants that you would like to apply, how to ask the right questions, and how to evaluate what you receive from them. Check out these top 10 ways to find the best tenants for your rental properties:
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5 days ago

Part of your tenant screening process should be to verify information provided on the tenant application. If your applicant works for a large company, they should have an HR department that you can call and verify their employment status and income to make sure everything checks out.
But what do you do if your potential tenant is self employed?
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6 days ago

Tenants that are either active military or in the reserves may have special tenant rights. If your applicant claims to be a member of the United States Military, you'll want to follow up on that during your tenant screening process.
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6 days ago

As a landlord it is your responsibility to let your tenant know if you do not intend to renew their lease at the end of the term. They may have proven to be unreliable, caused damage, or any number of reasons, but if you want them out at the end of the lease, you will need to let them know in writing. Here's how:
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1 week ago

Noise complaints can happen in multi-family and single-family properties alike, though you are more likely to receive tenants complaining about other tenants in a multi-family property. Regardless of the type of rental, the landlord should handle these complaints quickly and with care.
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1 week ago

Taxes are just one of many expenses that a landlord will need to budget for, but the good news is that there are some tax breaks that may help you save some on those expenses. You'll just need to know where to look.
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1 week ago

There may come a time when you have a family member or even a friend reach out to you and ask to rent from you. While you may think that the preexisting relationship you have with this person will mean that they will make a better tenant than a complete stranger, that's not always the case. Make sure you think long and hard before renting to friends and family.
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1 week ago

If the rain gutters on your rental home are clogged or broken, they could allow water to leak and damage to occur. Check out these tips for easily repairing rain gutters and keeping them in the best shape:
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1 week ago

A homeowner's insurance policy may not cover everything that you need for a rental. Check out these tips to make sure that you invest in the right kind of insurance for your rental property:
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1 week ago

Time management is one of the most important skills that a landlord and property manager should have. If you don't properly manage your time you'll find that tasks stack up and that you're always racing to catch up, even on the little things. It will leave you feeling rushed and your tenants feeling neglected.
There are some tasks that you may find are better to reach out to third parties for help in completing them, freeing up your time for other responsibilities.
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1 week ago

When you find a good tenant, you'll want to encourage them to renew their lease with you once the first term is up.
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1 week ago

If you are handy with maintenance around your rental property, you may take on a painting job yourself, but if you prefer to hire out for larger jobs you will want to make sure to hire the right contractor. Check out these tips to finding a quality contractor to handle your painting project for your rental home:
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1 week ago

Water damage can be caused by leaky pipes, a malfunctioning toilet, heavy rains that flood into the property, or any number of other ways. Sometimes it's the tenant's fault, sometimes it's a maintenance issue that pops up, and sometimes it's completely unavoidable, but whatever the case, water damage to your rental should be handled swiftly and thoroughly. Check out these 6 tips on how to handle water damage here:
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1 week ago

Many potential tenants will make snap judgements about your rental at first sight, and one of the first things they will see is the yard. Make sure that your landscaping helps to attract potential tenants, not push them away.
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1 week ago

You'll need a marketing strategy to get your rental in front of potential applicants and find the best fit. If your rental is located in an area with a lot of competition, you'll need to up your game. Check out these tips to help your rental stand out:
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1 week ago

No landlord wants to face a claim of negligence from their tenant. Check out these tips to avoid these claims:
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1 week ago

When you take precautions to keep burglars out of your rental properties you are protecting both your tenants and your investment. No matter what neighborhood your property is in, there are certain steps you can take to keep the property (and the people living inside of it) just a little safer.
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1 week ago

There are a lot of things to consider if your rental home is being foreclosed on. One of those (many) things is how that will affect your tenants and what you need to tell them.
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1 week ago

If your rental property was built prior to 1978 you may find that it has lead-based paint, and this can be dangerous to your tenants. Check out this guide to handling how to disclose the possibility of lead-based paint within your rental:
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1 week ago

When you sign a lease with your tenants you are both agreeing to uphold that lease. They are responsible to pay rent on time, to treat your property well, and abide by the policies that you both agree on. You, as the landlord, are responsible for certain things as well. Read more about that here:
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1 week ago

Some landlords choose to raise their rent rates with each new lease, but others hold off in hopes of persuading good tenants to stay a little while longer. What is the best decision?
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1 week ago

A security deposit is often debated between a landlord and their tenant upon move out. There may be disagreements on what is considered normal wear and tear and what is actual damage. You'll want to make sure that you follow the law.
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1 week ago

There may be an instance in your rental business in which a change needs to be made after the lease is signed. Your best option at this point will be to add an addendum to that lease and have your tenant sign that.
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2 weeks ago

It can be a slippery slope when a tenant is late on rent. The late fees start piling up, and if they had a legitimate reason why they were late in the first place, they may have trouble paying those fees.
In many cases, it's time for the eviction process to start, but if you wish to work with your tenant you may consider a Work for Rent Agreement to help pay off those fees. Read more about that here:
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2 weeks ago

While you should always sign a lease with any incoming tenant that you allow to live in your rental, you may find - for any number of reasons - that you have a tenant that you do not have a lease with. Maybe they were invited in by a current tenant that didn't tell you or maybe they were someone that you know and didn't think you needed a legal document between you. Whatever the case, you may find yourself wondering how to evict a tenant without a lease.
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2 weeks ago

With states passing laws that allow the purchase of medical marijuana, you may be wondering how that affects you as a landlord and how you handle your rental. Check out these tips on handling the situation:
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2 weeks ago

You may choose to accept housing vouchers from tenants that receive them, but if you do you will need to make sure that you have been cleared by the Department of Housing and Urban Development so that you may rent to Section 8 tenants.
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2 weeks ago

The Fair Housing Act covers quite a bit of how a landlord approaches his or her rental business, but are their exemptions to this act?
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2 weeks ago

In most places a landlord is required to allow their tenant the "quiet enjoyment" of their rental, but what does this mean?
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2 weeks ago

The tenant may have what sounds like a great excuse as to why they can't pay their rent, and it might even be true, but the reality is that if they don't pay rent then that puts you in a bind on your expenses for your rental business.
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2 weeks ago

Evictions can be long, stressful, and expensive, so you'll want to make sure that you know each and every step before jumping into one. A court order may be required to evict your tenant. Check out these steps to receiving one:
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2 weeks ago

Even if you own only a handful of rentals, an LLC can help protect you and your business. Transferring rental properties to an LLC is possible. See more about that here:
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2 weeks ago

If you are looking to buy a property that you can fix up and rent out, you may be interested in looking at a property that has been abandoned. If you're willing to put the work into it and find just the right house, you may find a great deal.
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2 weeks ago

The Fair Housing Act was first put into place in the 1960's to protect minorities from being unfairly discriminated against. It has since been added to and is a key piece of legislation that all US-based landlords should know and understand.
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2 weeks ago

Many choose to rent rather than buy in California, and if your rental is located in this state you'll need to make sure you are up-to-date on the local laws that govern the landlord-tenant relationship that may be a bit different than federal laws.
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