Landlord Quick Tips

Recent news coverage around the struggles facing multifamily real estate owners centers on rent moratoriums, which were extended to June 30, 2021. These are proving to be a significant risk to the industry even with rental assistance. However, there’s another more subtle threat that is also eating away at profitability: rising insurance costs. Premiums for…

There are lots of misconceptions when it comes to renter’s insurance. Many renters, for instance, believe there’s no need to purchase renter’s insurance because their landlord is responsible for the property. This, of course, is not the case. Most landlords don’t have insurance policies that protect tenants against personal liability. What’s more, many landlords think…

ORLANDO, Florida (Reuters) – Marvia Robinson was dead tired from a week of overnight long-haul trips when she nosed her Greyhound bus into the station in deep predawn darkness. Still, the 63-year-old driver kept a friendly lilt in her voice as she said goodbye to the riders filing past her and stepping off the bus….

Understanding and mitigating risk is essential to successful execution of real estate developments. Some threats are obvious, like delays in local approvals or permitting delays that can stretch out schedules. Others, like spikes in materials pricing, can cause delays and tough choices but are generally manageable. Increasingly, developments are threatened by extreme risks beyond anyone’s…

John Gillespie, an owner of 14 properties and 3,000-plus units in Dallas-Fort Worth, gave his staff a directive last year: Waive late fees, don’t evict anyone behind on rent and tell tenants about rent assistance programs, as well as the CDC declaration, a tool renters can use to postpone evictions. He wasn’t following an order…

Conducting an informational inspection/walkthrough of your rental property is important periodically; we recommend at least once a year. It allows you to understand how your tenants are treating the property, troubleshoot for larger issues, plan some preventative maintenance, and build trust with your tenants. While there are hundreds of items you could inspect in a walkthrough, we’re…

As your property management business grows, leasing can often feel like an unpredictable, unmanageable, always-working activity, where the phone rings non-stop and you’re never really done answering all the calls, emails and voicemail. But it doesn’t have to be that way. Instead, Leasing Automation can rationalize your rental process, free up days of time each week,…

Ask attorney Brad is a feature with attorney Bradley S. Kraus and this week the question is about how to prove a tenant is smoking marijuana in violation of lease and what action to take.  If you have a question for Brad, please feel out the form below. Ask Attorney Brad: Hello, I have a…

As a landlord or building manager, there are several responsibilities that will take you on the path to success. It’s not just about collecting rent from tenants, being firm, and making sure the rules are always followed. If you want your business of being a landlord and property manager to be lucrative and thriving, it’s…

Whether you’re a new landlord just starting out or an experienced landlord trying to grow your business, maximizing rental profits is essential. It can be difficult to know how best to do this, but we have a secret to jumpstart your rental profits: property management software. For those who are unfamiliar, property management software is…