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Home · Property Management · Landlord Quick Tips (Page 85)

Tip #49: Common Scam Targets Landlords Identity fraud is now the fastest growing crime in the United States, and too often landlords are the victims. You may not know you’ve been scammed with a fake SSN until you try to collect your delinquent rent, only to find out you don’t know your tenant’s true identity….


Tip #48: A Win-Win Ask your existing tenants to refer friends to you to fill vacancies. Send out an email or put up a posting in the leasing office when there’s an opening. Offer incentives to the tenant who refers the winning applicants. Incentives don’t have to be expensive – just a nice gift may…


Expand your reach using online tools Small rental business owners are in a conundrum. On the one hand, they are always looking for new ways to attract and retain quality tenants.  Using the Internet and the arsenal of tools that come with a Web presence is a great way to expand the reach of a…


by Wallace Gibson, CPM, GRI JUST LOOKING IN THE LOCAL NEWSPAPER CLASSIFIED ADS or ONLINE RENTAL LISTINGS for COMPARABLE RENTAL RATES…. Prospective tenants have many ways to check comparable rental rates besides the newspaper and Craigslist. Local property managers, Realtors, the Internet listings. Property owners renting their own property need to check these sources in…


Tip #47: Help At Your Fingertips Do you have to pay interest on security deposits in your state? How long do you have to return a deposit? What is normal wear and tear? The answers to many of your property management questions are right at your fingertips — on your AAOA website. Just click on…


Second Largest Settlement on Record The Department of Justice (DOJ) has just announced settling a rental housing discrimination suit that it is touting as the second largest monetary payment ever obtained in a fair housing case. A Kansas City, Kansas landlord will pay a $2.13 million settlement over allegations it engaged in a pattern of…


What to do when tenant secretly sells off shrubs by Robert Griswold Q: I am a landlord and we moved across the country three years ago for a new job. I recently returned to the area to attend a wedding, so I took the opportunity to drive by my rental home. I was shocked to…


Tip #46: Promises, Promises Don’t make promises to your prospects about the neighbors or neighborhood — things like “Are the neighbors nice?”, “Is the traffic loud?”, and “How bright are the street lights?” What’s tolerable for you may be a nuisance to them, and vice versa. Instead of answering subjective questions, allow them reasonable access…


Tip #45: Do the Math In this economy, you may be one of many landlords sitting with vacancies longer than usual. One key to quick rental is setting the right rent. If you start out too high, you scare away prospects at a critical time. The result: another month’s vacancy. If you are in a…


Tip #44: If You’ve Got It, Flaunt It! Next time you have a vacancy, stroll through your unit with a digital camera. Load the photos into a flyer, and attach a brochure box to your yard sign. Photo flyers are a highly effective way to show off your rental property to passers-by, and just may…

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