Broken Leases - How Much Do Tenants Owe?
Sunday, December 15
The better this is defined in your lease, the better your chances of actually collecting something! So, here’s a scenario for you: a new tenant signs a lease and gives every indication that they’re about to move in…and then something comes up and they have to turn around and leave. They as...
Renting a Property -- How Much Rental Can You Afford?
Sunday, December 08
Don’t aim for Park Place if your budget is more Atlantic Avenue. Renting a property may be a shorter-term commitment than taking out a mortgage and purchasing a home, but you should still make sure how much rent you can afford before shopping for a place to live. Most landlords are going ...
The Pros and Cons of Going Section 8
Sunday, December 01
Section 8 is not for everyone or every property, but too many landlords have misconceptions about the program. Section 8 is a government program that pays a portion of the rent for qualifying low-income families. It’s a great program from the low-income tenant’s perspective, but landlord...
Mistakes Landlords Make, Part II
Monday, November 18
We admitted to a few moderately spectacular bungles last week — let’s do it again! Last week, we talked about some of the mistakes that landlords make — and we’re going to keep it up this week, too. Let’s get right into it! Dealing with Tenants Don’t get caught in a repair frenzy: Be c...
Mistakes Landlords Make, Part I
Sunday, November 10
We’ve been a lot less than perfect over the years — maybe you can learn a bit from some of our ‘favorite’ mistakes. No one is perfect — and while landlords aren’t any worse than anyone else, our mistakes can certainly cost a lot more than most people’s. We’d like to share with you some of th...
When Should Landlords Require Renter’s Insurance?
Wednesday, April 24
Many landlords worry about scaring away tenants resulting in longer vacancies if they require renter’s insurance – but not requiring it could cost even more.The initial reaction of many landlords to the subject of renter’s insurance is, “my property is insured, so why should I care?” On the surf...