Rental Tips, Insights, & Property Stories

If you have no clue how to describe a problem tenant, you’re a lucky landlord. Dealing with difficult renters can be a landlord’s worst nightmare. Bad tenants have been known to do everything from refusing to pay rent on time, damaging appliances and furniture or even conducting criminal activity in the rental. If all these behaviors belong to one and the same tenant, that’s a disaster. But if a tenant was late with the rent one time, it doesn’t automatically mean they’re a terrible renter. Don’t jump the gun. Instead, carefully analyze the circumstances first.

These days we can hardly imagine our lives without useful appliances that improve our daily routine. You’ll probably agree that home appliances like air conditioners, vacuum cleaners, dishwashers, refrigerators, washing machines, etc. make life easier. Landlords aim to add as many helpful items as possible to increase their rental price, but this doesn’t always refer to washing machines, as there seem to be way too many issues with these devices.

Whether you’re a property manager or a landlord, there’s a good chance you follow current tech trends in the property management industry as well as the global financial sector. Innovative technologies like blockchain as well as cloud-based solutions have opened up new paths related to the development of property management.

The property management business has its fair share of myths. These are beliefs that may seem accurate to landlords and property managers who have just entered the rental market, but experienced property management professionals can debunk these fantasies with one hand tied behind their back.

The new year is the perfect time to make resolutions and turn them into specific long-term goals. Landlords and property managers tend to set New Year’s resolutions to grow their business. But the property management world requires commitment and clear priorities set prior to taking actions.

Dealing with roommate-renters might not be that easy. When it comes to joint lease agreements or separate rent payments, you’ll probably get confused and start searching for a property management software if you’re not already using one. In addition, tenants who share an apartment have specific obligations regarding rent payments and lease agreements terms. But sometimes they can’t get along with each other, and that causes trouble for the landlord and can eventually put rental income at risk. To avoid this, share with your roommate-renters the list of common roommate types to help them better understand each other and enhance their roommate experience.

The new year is all about setting goals and getting ready for new challenges. For landlords and property managers, the week between Christmas and New Year’s is another chance to catch up and set business goals for the upcoming year. To make a fresh start, be sure to resolve maintenance issues related to your rental properties and complete urgent tasks before the clock strikes twelve, so you can leave any rental troubles behind and stay on good terms with your renters.

So much has been said and written about Millennials and their renting priorities, while Generation Z is entering the rental market with heads held high. Obviously this topic cannot be left unaddressed, since 18- to 22-year-old Post-Millennials seem to be the perfect renters. 

Being a landlord doesn’t mean sacrificing personal life for your renters. The key to success lies in balancing work and personal life, fostering harmony in both your internal mindset and relationships with tenants, which will ultimately lead to greater efficiency in managing rental properties.