Property Management News
Even landlords who conduct in-depth analyses of tenant credit and financial health will experience some tenants who become financially unstable during the term of the lease. In an environment where replacing tenants can be challenging, many landlords should consider the potential benefits of negotiating a restructuring of the tenant’s lease obligations or offering an agreed exit strategy. Obtain Current Financial Statements Including in leases a provision that requires tenants to provide current financial statements will help landlords have the information necessary to assess the likelihood that a tenant’s inability to pay is due to temporary circumstances. Even if the lease does not... Read more
Peter Avitabile sat in his pickup truck outside his Rockland townhouse — a place he hadn’t set foot in for two years — fuming about the tenant who refused to...
Occupancy rates are ideal and residents are content, but there is still one problem – a number of residents perpetually fall behind on their rent payments each month....
As a landlord or property manager, you most likely believe that you have a right to evict any tenant who has not paid their rent or who has damaged your property. Think...
With today’s technologies, paying rent, for many landlords and tenants, has become either an automatic process or a simple matter for pressing a few buttons on their...
Yes, a landlord can keep a tenant’s deposit for unpaid rent. Unpaid rent can pose a significant issue for both landlords and tenants. However, the specific rules vary by jurisdiction, and tenants have rights that limit the landlord’s ability to do so. It’s crucial for both landlords and tenants to be familiar with local rental laws and lease agreements. When tenants fail to pay the rent they owe, landlords may be left with no choice but to keep the deposit in order to cover the unpaid rent. In such cases, the deposit can be used to compensate for the loss incurred by the landlord due to non-payment of rent. However, it is important to note that the landlord must follow the proper... Read more
Rather than getting the courts to resolve tenant disputes, you might consider other, less arduous, alternatives to eviction. Whether your goal is to get your tenant to...
Eviction Notice Overview An Eviction notice can be a daunting prospect for landlords or tenants. A carefully crafted eviction notice is essential to avoid any legal...
Key Takeaway: Understanding the responsibilities and definition of a property manager is crucial in pursuing a career in property management. Property managers...
Some Los Angeles tenants who didn’t pay rent during the pandemic could be facing eviction in August Payments missed between Mar. 1, 2020 and Sept. 30, 2021 are due on...
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