Print FriendlyWhen screening potential tenants it’s important for landlords to not only gather all the important data, but to know what red flags to watch out for. Like most landlords, you probably obtain a credit and background check on every tenant. But no matter how much data you have at your disposal, if you don’t know…
Print FriendlyThe rental applicant credit risk has declined for the fifth straight year which “indicates a decline in tenant risk, which could suggest the rental market will see an uptick in profitable lease activity,” according to a new report from CoreLogic. The 2019 Rental Applicant Risk (RAR) Report found the credit quality of prospective property renters in the…
Print FriendlyTenants across the state are being rejected by landlords because of public but often misleading eviction data, according to an advocacy group calling for new restrictions on the data. The Massachusetts Law Reform Institute argues that people applying for apartments may be passed over because their names appear in online eviction records, including in cases when they…
Print FriendlyProperty managers have many important responsibilities, but none more important than screening potential renters. When they drop the ball on this one, leasing to tenants from hell becomes a frighteningly real possibility. Fortunately, screening renters is a fairly straightforward process, and warning signs make it easy to identify and avoid problem tenants — if you know what to…
Print FriendlyOn paper, your tenant looks great: They have an excellent rental history and sparkling recommendations. Unfortunately, they disclose to you upfront (or admit when they fill out the paperwork) that they have bad credit. Should you shy away from this tenant? You may have struggled to get your property rented out, or you may be…
Print FriendlyLandlords make money in their sleep, unless their tenants are giving them nightmares. Bad tenants can ruin a landlord’s dream of real estate investing, not to mention their property! So how do you keep the bad tenants out? Vetting your tenants is necessary to avoid major headaches. Find quality tenants using these four tips, and…
Print FriendlyMove-ins and move-outs can be tricky. If mishandled by a property manager, they can lead to upset tenants or far worse. Disputes over damages take a toll on both sides, and a late refund of deposit money could land you in legal trouble. Whether you’re managing single-family homes or urban high-rises, it’s your responsibility to…
Print FriendlyAs of 2016, almost 37 percent of households in America were occupied by renters. That may entice would-be landlords to consider jumping into the market and buying property to rent, but making money from rental property can be challenging. Many landlords lose money, and although there are some other reasons why landlords may fail to turn a…
Print FriendlyDo you make enough money to rent this place? It’s a question any landlord will ask you, and it’s one of the things you must prove before being able to sign a lease on an apartment or house. Landlords want to be sure that you have the financial means to consistently pay your rent on time and…
Print FriendlyRecently, I was at breakfast with a client who owns a quadruplex in the San Fernando Valley. He mentioned that one difference he’s seen since he outsourced his property management to us — a difference it took him a few years to notice — is that his tenants now tend to stay put. He had told…