Landlord Quick Tips

We can all pretty much agree on that, right?  Having to call someone at 11pm to unclog a toilet is not fun. But turning a tenant’s call for maintenance into a productive experience will go a long way in improving their overall satisfaction.  It may even become a selling point for prospective tenants! For small…

“All people are nice,” you may say. And I would respond, “That may be true, but not all nice people are great tenants.” Great tenants are those who pay rent on time every month, keep their rental clean, report needed repairs in a timely fashion, are good neighbors, parent well (kids and animals) and follow…

Once upon a time, retirement planning went like this. You worked for 40 to 50 years, saving a little money each month and building up a nest egg of paper assets (stocks and bonds). You then retired with a pension and hefty Social Security benefits, and you gradually spent down your nest egg, hoping not…

The following is provided by attorneys from Schwartz Sladkus Reich Greenberg Atlas (SSRGA) as practical considerations for cooperative and condominium boards and landlords. As the COVAD-19 outbreak continues to dominate our daily lives, we at SSRGA wanted to let you know that we are closely monitoring and actively responding to all developments. We have put…

Last May, a cybersecurity researcher discovered a security flaw on the website of First American, a leading provider of title insurance to homebuyers and sellers, that had left an estimated 885 million sensitive files exposed to the world. The digitized documents contained private information ranging from bank account statements and tax records to driver’s license…

The fact that the US has the biggest cat and dog pet population in the world (85 million families own at least one pet) certainly narrows down the number of potential tenants. However, there are also plenty of horror stories about negligent tenants with pets who caused enormous damage and left their landlords desperate. The…

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Owning rental properties can be a way to build wealth and generate passive income, and now there might be an extra tax break — if you qualify. Two tax pros explain how it works and offer tips for taking advantage of the new rule. Getting in the door Most rental property owners know that things…

Tenant problems plague landlords every day. While lower rents obviously affect a landlord’s profitability, evictions are also expensive and can cost a landlord time, money, and resource to conduct. In addition to the basic turnover expenses such as marketing, lost rent, new paint, and appliance repairs, attorneys’ fees for evicting a tenant can be outrageous. Also, a…

Even in a healthy economy, residential rent receivables written off as uncollectible by operators remain at high levels. Rents and damages sent for collections, according to the National Apartment Association’s Survey, range from $79-$103 per unit per year—or 0.5 percent to 0.8 percent of Gross Potential Rent, depending on property type. Renters’ debt disputes are…