Advanced Property Management Article Topics
5 Steps to Ending a Tenancy the Right Way
5 Steps to Ending a Tenancy the Right Way When it comes to ending a tenancy, you need to be as clear about your move-out terms as you are about move-in ones. Doing so will help you avoid expensive, time-consuming complications that could jeopardize your rental business. 1. Giving notice Make it clear from the day your tenants sign [...]
PET AGREEMENT FOR RENTERS
PET AGREEMENT FOR RENTERS Should you let your tenants keep pets in the units they rent from you or not? Allowing domesticated animals on your property can pose risks, such as possible property damage and tenant injuries. But you can effectively reduce the risks associated with being in charge of pet-friendly housing. The first thing to do is include [...]
5 Tips for Reducing Your Risks as a Landlord
5 Tips for Reducing Your Risks as a Landlord Most rental property owners worry about protecting their investment. From physical damage to the property to insurance claims to lawsuits brought by tenants, there are myriad ways that you can lose money. Fortunately, minimizing risks in a rental business doesn’t require a ton of money or a staff of experts. [...]
3 TIPS TO HELP YOU MANAGE A TENANT ASSOCIATION
3 TIPS TO HELP YOU MANAGE A TENANT ASSOCIATION You’ve just found out that renters at an apartment complex you own have just formed a tenants’ association. Don’t despair! You can stave off trouble and take charge of the situation if you can keep your cool and do these three things: 1. Dig for information Talk to your tenants [...]
THE PROBLEM OF EMPTY RENTAL UNITS
THE PROBLEM OF EMPTY RENTAL UNITS Sometimes – and especially during times of economic uncertainty – it happens that rental units will stay empty for longer than you had anticipated. And this can be a problem, especially if you have to make mortgage payments on your property every month. So what can you do to minimize losses? You have [...]
TENANT MOVE IN LETTER
TENANT MOVE IN LETTER When dealing with tenants, putting things in writing is critical. One useful strategy is to give new renters a move-in letter on or before the day they move in to their new rental. A move-in letter can include information about: your expectations regarding rental upkeep what to do about safety hazards repair and maintenance procedures [...]