One of the main components of a landlord’s job is property maintenance. A landlord manages the damages that can happen to a rental unit over time, whether it is an emergency accident, a tenant’s mishap, or minor wear and tear. Because this is a hefty portion of a landlord’s daily activities, one needs a strategy to overcome each obstacle. Check out these property damage tips for landlords!
Posts Tagged ‘ Tenants ’
The whole world is fighting valiantly against the much-reported novel coronavirus. Who has not heard about its effects on the world? One of the areas it impacts which people are most concerned about is business. Essential businesses remain open, which, for landlords, is good news. However, at least some tenants in Maryland are indeed suffering financially. Landlords can work together with tenants to fight victoriously.
Many people in the United States have pets as part of their lives. Most of the time, we see people with dogs and cats of every breed imaginable. In plenty of cases, people have rodents like guinea pigs, rats, mice, or hamsters as pets, or even reptiles like lizards and snakes. Meanwhile, some tenants may like to own exotic pets. While some are illegal to own in Maryland, be prepared to deal with pets you might not imagine being legal at first.
Choosing the right property to invest in is difficult, whether you are a new homebuyer or a seasoned real estate investment professional. The market of college town properties is a very polarized one, as some property management companies love working with them and others aim to stay as far away as possible! Should you consider investing in a college town property? Consider these four points before you invest. (more…)
One of the most challenging parts that come with being a property manager is setting and raising the rent. Many property managers worry that raising the rent will result in good tenants leaving for other properties and an increased number of vacancies. Setting a rent price for your units is not as simple as looking at comparable locations and pressing a button. Here are just some of our best tips for raising the rent without losing valued tenants. (more…)
Do you find yourself having a very rapid tenant turn-around? Looking for ways to keep your tenants from leaving? With a high tenant turnover rate, property owners end up losing a lot of money having available units that are sometimes difficult to fill. This can invest more of a burden than something that is bringing in profit. Here are just a few easy tips for property owners to use so they can reduce the frequent tenant turnover rate and retain residents more frequently. (more…)
It is essential that landlords take the time to review every application they get from prospective applicants. In fact, including questions that get to the root of whether a potential tenant is a quality tenant is a crucial aspect of landlords that can often get overlooked. Here are just a few of the questions that need should be in every application. (more…)
The time will come around sooner or later. If you are a home real estate investor you will be forced to deal with this. It is inevitable that you will eventually face an eviction sometime in your career. If you have never had to remove a tenant from your property it is not exactly a happy experience. The process is usually a long one with several hurdles to climb along the way. (more…)
Once you purchase your investment property, you are faced with a massive dilemma: what do I replace and what do I simply get rid of? It can be an extremely mind-boggling experience. In fact, choosing the best way to make your investment property work for you is to determine what items would be cost-effective to replace or upgrade and which items may need to simply be thrown out. Here are some of the more common items that are typically considered to be changed in a new investment property. (more…)
As you pull up to your unit, you notice the outside first. It’s this first impression that will give you a good indication of the status of the inside. For instance, if you notice damage to the flower beds or broken blinds in the living room, you can expect to find a mess as soon as you open the door. However, there is always the dreaded walk-through that ever rental property owner must endure once their tenant moves out. Here is a simple guide to help make the walk-through a more thorough process for you. (more…)