Blog & Podcast

If a tenant is satisfied with the lease terms as well as the condition of the property, and the offered rent price doesn’t represent a financial burden for them, the chances are they will want to stay when the lease expires and choose to renew.

With proper communication between both parties, upgrades can be beneficial for all. Successful, tenant-led upgrades can improve the relationship between you and your tenants and even the property as a whole. With proper expectations and documentation, allowing upgrades can be a great choice.

To narrow down the list of prospective tenants and focus on leads that are truly interested in occupying your rental, you should consider requiring an application fee as an indicator of serious intentions.

Every landlord makes a commitment to keeping the value of an investment property intact through the careful oversight of tenants. As a landlord, you must  manage the property, carry out maintenance, keep track of financial transactions, and most importantly, build a strong relationship with the tenants.

Whether you plan to flip a house or rent it out, you’re making a great decision. Investing in real estate means that you’ll eventually start generating ongoing passive income and look towards increasing your rental portfolio as your business grows.

Starting out as a new landlord can be challenging. The job requires multi-tasking and doing many things such as finding and screening prospective tenants, creating and following rental agreements, and collecting rent online. Following are some important tips for any first-time landlord.

To shed light on the current situation, we’ve collected some relevant data and highlighted general numbers related to eviction moratoriums and federal programs aiming to assist tenants and landlords alike.

Listing properties, interviewing tenants, maintaining a rental property, accepting rental-related payments - these are just a few of the things a landlord or property manager does to keep their business up and running. That already seems like a lot of work! But can it be optimized? Sure!

As TenantCloud maintenance management allows both landlords and tenants to easily deal with maintenance issues in rental properties, we’re keeping track of the most common maintenance requests and popular home improvements, with the goal of making the process of reporting a problem, tracking progress and resolving issues even smoother. 

On average, landlords will spend 1.5x their monthly rent collection each year on maintenance to their property. These figures indicate that there is room for landlords to increase their margins by making their home more durable.

For starters, it may seem that letting renters purchase and provide their own appliances is less troublesome for landlords because they won’t be on the hook to handle any repairs. However, it’s not in your best interest if you’re trying to increase rental income rather than simply filling the vacancy.

The new TenantCloud pricing plans will allow you to enjoy the perks of managing rentals even more as you expand your rental portfolio and grow your business. Every plan is packed with robust features to help landlords and property managers get the most out of their rental properties. 

Even with the inevitable end of the pandemic approaching, we will likely feel the effects of COVID-19 for a while. It’s been a long road, but the aim is to survive until there are opportunities to thrive.