Seven Steps to Easy No Hassle Tenant Screening
Saturday, June 11
If you manage your own properties, screening tenants may be your least fun thing to do. If you're like most landlords you delegate this task to a third party online screening service. This is fine for reviewing an applicant's credit score or finding out if that person has had an eviction. Yet the...
Why Late Fees Don't Add Up For Landlords
Wednesday, June 08
Banks, car dealerships and credit card companies all charge a late fee whenever bills are paid past their due date. Landlords do too which is why these charges are included in the language of most rental agreements. The late fee acts as a negative incentive or "stick" to ensure the tenant pays th...
Red Flags to Watch for When Screening New Tenants
Tuesday, May 24
Filling a vacancy with a new tenant is a scary experience for any landlord. We've all heard the horror stories about tenants who cause thousands of dollars in damages and eviction fees, or worse, the tenant who becomes a dangerous menace to you or other residents. Who can forget Michael Keaton's...
Got Inherited Tenants? No Problem When You Follow This Plan!
Wednesday, May 18
Congratulations! You now own your first fourplex, and, lucky you, the deal came with built in tenants! Although you haven't met them yet, the owner assures you they are pleasant and easy to manage. You're an optimist and believe him, so you don't push to see leases or payment records. And then t...
How To Do A Pet Interview And Why All Landlords Should
Friday, May 06
The tenants you decided to rent your unit to are a perfect fit. Yet will the four footed member of the family meet your approval? Savvy landlords always interview pets prior to move-in, mainly because they need to know the pet's personality and how it behaves around people. Even if the dog, for ...
How To Show Your Rental With Success and Less Stress
Sunday, May 01
Showing a rental property can be stressful, and things will occur that you cannot anticipate. For example, a power outage leaves you and your guests in the dark or the twelve applicants you expected at the event balloons into thirty people. Although you can't prepare for every mishap, you can put...