Property Management News
Not getting LeaseGuarantee A LeaseGuarantee Analyzer is provided in every AAOA tenant screening package. If your tenant qualifies (most do) you can purchase or have your tenant purchase annual coverage for lost rent, damages, or legal fees. This is better than traditional insurance or even a security deposit because it covers you up to $10,000 against common rental losses. Landlords who do not get LeaseGuarantee may later find themselves paying out of pocket for lost rent or damages. In many cases a security deposit is not enough and even if you take a tenant to court it is unlikely that you will collect a judgment from the tenant. Visit... Read more
Silicon Valley has long had a fascination with transforming tedious analog tasks into frictionless, touch-screen enabled transactions. Having thusly disrupted taxi...
Security deposits aren’t always the safety net landlords think they’ll be. Many states will limit the security deposit to 1-2 month’s rent and in many cases...
Today, even the newest real estate investors with small portfolios are interacting daily with available technology that expedites their property acquisition, marketing,...
Question: I’ve been looking for a tenant for months and I finally found someone with a reliable income, good references, and no criminal history. However, her credit...
Question: I’ve had the worst luck with tenants! I only own four rental properties, but I’ve gone through two evictions in three years! Altogether these evictions have cost me around $9,000 and that’s not to mention all the priceless time, energy, and stress it caused me. In both cases, they stopped paying rent completely and wouldn’t move out. Even after the judge ruled in my favor, I still haven’t been paid the money I’m owed. I’m a good landlord and I screen my tenants diligently… how can I keep this from happening again? – Sherry C. Answer: Hi Sherry, unfortunately, you never know what type of tenant you might get even when they have a decent credit score and... Read more
Question: I recently screened a husband and wife and was surprised that they had such different scores. They seem like a nice couple, but the husband has a lot of debt...
While it’s just a blip, apartment home and lease fraud is now being measured on the Federal Trade Commission’s identity theft and fraud radar. Three years ago,...
As the U.S. economy generally continues an upward tick, household debt has eclipsed that of levels in 2008 leading into the Great Depression. Total household debt has...
Seattle landlords would be almost completely prohibited from screening prospective tenants based on their criminal histories, under a proposed ordinance approved by a...
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