Property Management News
When conflict erupts in a multifamily community, be it between neighbors, between a resident and the board, or between board factions, it has the potential to cause real problems beyond just the immediate parties involved. Feuds between neighbors can turn meetings into shouting matches and derail the actual important business of running the building or association; disputes between residents and the board can have the same effect - plus legal costs and long term acrimony if the situation deteriorates to the point of litigation. One key tool for avoiding these costly and unpleasant possibilities before they take root is alternative dispute resolution, or ADR. ADR is a catch-all term... Read more
A federal appeals court has ruled that landlords can ask potential or current tenants about their criminal history, reversing a lower court decision in part and...
New York landlords and real estate brokers who screen prospective tenants during the application process must know the difference between legitimate questions and...
For every system in place, there is someone trying to circumvent it. Unfortunately, the rental-housing industry is not immune, as fraudsters aim to pinpoint...
As a landlord, you already have a lot to take care of. When it comes to screening prospective tenants, be prepared with the right questions so you can seamlessly move...
Assuming too much cash flow, trying to do repairs themselves and not thoroughly screening tenants are among the stumbles first-timers make. As questions about where interest rates and real-estate prices are headed continue to weigh on the market, more people could be tempted to turn their homes into rental properties instead of selling them. But becoming a landlord isn’t as straightforward as it might seem. In fact, it comes with far more financial, legal, emotional and time-consuming factors than many rookies realize. Rents, for example, aren’t surging the way they had been in recent years. We spoke to landlords and experts in the field about the biggest mistakes first-time... Read more
You might expect your credit report to contain old credit accounts, maybe even the credit card you had back in college or the loan you paid off a few years ago....
Tenant screening helps minimize the risk of renting to high-risk applicants. As a landlord, you can create tenant interest by writing an effective rental listing....
Managing a rental can be a lot of work, but with the right advice and tools, it can be easy. Consider these screening techniques. Maybe you've just...
There are numerous requirements and laws that all landlords should be familiar with. Here are the basics. Becoming a landlord for the first time is exciting, but it...
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