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Regular maintenance is crucial to keep rental properties in the best condition. As a rental property owner, you need to ensure that your property is well taken care of to keep your tenants happy and satisfied. A rental property that is maintained on a regular basis is appealing to tenants, allowing them to stay for the long term. However, keep in mind that taking care of a rental property is a shared responsibility of both landlords and tenants. It’s important for landlords and tenants to be aware of these responsibilities, which are typically…

The Fair Housing Act (FHA) mandates all housing-related activities to be free from discrimination on the basis of certain protected characteristics. When renting out your rental, for instance, the act requires that you do so fairly and consistently. And landlords aren’t the only ones required to abide by the FHA. Lenders and home sellers must also ensure their housing-related transactions are devoid of discrimination, as well. What is the state's FHA? How did it come about? Who enforces it? How can a housing provider avoid violating the act?…

More often than not, tenants will move out of your rental relatively frequently, so getting the unit ready for a new tenant is a big part of the job. From marketing your unit and filling your vacancy quickly with another high-quality tenant to move-in inspections, being prepared will Here are a few tips on how to get your property rent-ready after an old tenant moves out. 1. Market Your Property On Multiple Listing Sites When trying to find new tenants, you’ll want to do so as quickly as possible without sacrificing a good tenant screening pro…

You've crunched the numbers on your new rental property and they all add up. You found a great location, screened trustworthy tenants, your paperwork and documentation are tight, and your policies are clear and understood. With all that going for you, how could you possibly lose? All your profit can turn into losses if you forget the importance of preventive maintenance on rental properties. Among the biggest mistakes landlords make, neglecting preventative property maintenance is one of the top reasons landlords lose profits. Make sure your sh…

The biggest cost, both opportunity cost and loss to profit, in a rental property is to have it vacant. While lowering rent may lead to increased occupancy, it also results in more damage, higher turnover, and fewer profits. What if there are essential items that could increase rents while decreasing turnover and attracting long-term tenants? Here, we will look at some small things that can make a big difference. Increase Available Parking While studies have not shown that more parking space aids in tenants selecting a property, they have shown…