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Inevitably, even your best tenants will move out sooner or later – hopefully later. Either way, when your tenants say goodbye, what is your plan to attract new, highly qualified ones? Mapping out your strategy before this happens will prepare you to quickly fill a vacancy.
It’s probably no surprise that security deposits can cause friction between landlords and prior tenants. No renter wants to lose that! On the other hand, landlords don’t want to keep deposits when it means they have to deal with the messy situations that merit a no-refund.
With few exceptions, landlords want to maximize profits from their rental properties, but what are the best ways to do this? We spoke with several experienced landlords from across the country about their top pieces of advice for increasing property income, and it’s intriguing to see what these experts focus on and how their pieces of advice overlap.
When filling a unit vacancy, it can be tempting to rent to people based solely on great first impressions. While your gauge of character may be your friends’ recommendations, take the extra steps to protect yourself by conducting thorough background checks.
As a landlord, having long-term tenants who communicate well with you and are responsible is ideal. It’s especially helpful when they’re responsible; you’ll receive rental payments on time, which will improve your cash flow and help you pay your upcoming bills.
As summer temperatures lower, it is a great time to prepare your rentals for a cooler climate. Here are six fall maintenance tasks that will help you feel confident your rental property is ready to weather the change.
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