Property Management News

Can Landlord Charge Pet Rent?

Rent it Right by Janet Portman, Inman News Q: I’m interested in a rental that describes the rent in an odd way: First, the advertisement lists the rent, then it adds “pet rent.” Is this legal? –Rigoberto R. A: It’s perfectly OK for an ad to specify that if a tenant has a pet, the rent will be a certain amount more than the stated rent (unless, of course, the property is subject to local rent control, as explained below). The rent is the rent, whether the landlord chops it up into little pieces ($200 for the ceiling fan, $100 for keeping a dog, etc., for a total of “X” dollars in rent), or simply announces one flat sum. That said, a few things... Read more

Tip #27: Sweeten the Deal This tip is submitted by Property Manager Claude Smith: For the past few years, I have used an incentive package for my tenants, that keeps...

Some Landlords Choosing Surety Bonds Over Security Deposits: But Will It Work for You? by Bill Gray As with all of my articles, this one is from the perspective of a...

by Janet Portman, Inman News Q: I am about to rent an apartment in New York. The lease says that the agreement will be “governed, treated, and interpreted”...

by Howard BellThe report, released last week is another green shoot pushing upwards. Home prices in the U.S., as measured by the S&P Case-Shiller home price...

Security Deposit Nightmare

Who gets security deposit in divorce? Landlord panics after ex-tenant threatens property damage by Robert Griswold Q: Our tenants are currently on a month-to-month rental agreement and apparently have just gone through a separation and divorce. He left several months ago and she and the children have been in the house for the past nine months. She has paid the rent and the utilities and has maintained the place in good order. She had more money coming in during the separation and now that the divorce is final, she tells me that she has less income from her ex-husband so she needs to move to a less expensive home. She gave me a written notice last Friday that she is moving at the end of the... Read more

Economic recovery comes with tradeoffs by Steve Bergsman At a recent real estate conference, I found myself standing next to Richard Williams, a Century 21 Realtor...

by Niman Singh Many property managers, landlords and real estate investors forget that in order to succeed in rental property business it is important to keep your...

Tip #26: Recycle Your Electricity Every time you start up an appliance that runs on a motor, electricity is drawn into your home. Your meter spins, tracking usage, and...

Mom’s lease duties lost in details Rent it Rightby Janet Portman, Inman News Q: My son and his roommate, both college students, applied for a rental that required...