Running your rental business: Use established guidelines to clear potential tenants and avoid legal problems

Having an established list of criteria for each rental property/address will not only help you narrow your search for the perfect renter, but also will help protect you from legal issues from a prospective tenant who feels that you turned them down unlawfully. So how do you go about creating such a list, and what … Continue reading Running your rental business: Use established guidelines to clear potential tenants and avoid legal problems

Tricks of the Trade: The best way to protect yourself from a tenant’s false claims

At first, it didn't occur to me to take pictures of my properties, except for standard listing photos.   That was a mistake. Occasionally I had "disagreements" with my renters when checking them out.  I'd point out that, for example, trees needed to be trimmed or weeds pulled.  In response, I'd hear "It was like that … Continue reading Tricks of the Trade: The best way to protect yourself from a tenant’s false claims

Running your business: Remember to consider how potential renters will view your property

When I buy and list my properties, I try to think what a potential renter could be looking for.  Of course that involves the basic description of your property: how many bedrooms and baths?  Is there a yard, and is it easy to care for?  A garage? But also, remember to ask yourself: What impression … Continue reading Running your business: Remember to consider how potential renters will view your property

Running your business: Should you provide a washing machine and dryer?

If your rental property is a condo unit or apartment, you're probably not too worried about this.  Either your unit has hook-ups and (likely) no shared laundry room available, or it has a shared laundry room and is not needed in the unit.  This is more a question -- and a major one -- for … Continue reading Running your business: Should you provide a washing machine and dryer?