Unless you give up on being a landlord immediately, you'll be faced with renting out a property after you have already have had it rented out. This presents a different set of problems than, for example, having your own house up for sale. With your own house, you know that you can keep it clean … Continue reading A landlord’s debate: should you show your property while the current tenants are still there?
As a property owner, you've probably considered upgrades in an effort to secure higher rent and perhaps better tenants. Maybe adding landscaping, installing new windows, adding lighting, or updating fixtures. Hopefully you've done research to figure out if you can actually list that property for a higher amount after doing that improvement, or if your … Continue reading Property owner math: When more is less
I recommended setting up tenant selection criteria on my last blog (Running your rental business: Use established guidelines to clear potential tenants and avoid legal problems). I recommend doing this for several reasons: It helps you focus on what kind of renter you are looking for, It will let the prospective tenant know what is … Continue reading Running your rental business: An example of a Tenant Selection Criteria letter
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