- Landlord Blog
A tenant breaking a lease can become a nightmare for a landlord. Many will choose to make the tenant forfeit their security deposit when this happens, but that may not be a legal remedy. Tenants can break a lease, leave the rental property in pristine condition that is documented, and expect to have their security deposit returned. Tenants may also have these additional rights depending on how the landlord/tenant laws are structured in the community.
1. Landlords Must Make An Effort To Re ... Read More
Most homes are equipped with PVC plumbing because it has a longer lifespan than copper and is generally maintenance free. Repairing a leak can often be done in just a few minutes with a couple tools and some supplies. After you've located the actual location of your leak, since water can travel a long distance along a pipe, wipe the area clean and look for the source. Once you've located the source, you'll be ready to follow these next repair steps. Make sure you've shut off the ... Read More
Tenants in Washington State are provided certain rights when renting a property. Here is an outline of what those rights happen to be.
1. Security Deposits My Be Returned In 14 Days Or Less.
Although Washington laws do not limit how much landlords can charge for a security deposit, there are restrictions in place for how they are returned. Tenants must receive their deposit or an itemized invoice detailing why no deposit is being received within 14 days of moving out of a unit. Tenants can ... Read More
In the state of Ohio, there are certain disclosures that are required to be given to tenants. This includes the name and address of the owner of a property and their agent if one exists. Certain units may also be covered by rent control and this must also be disclosed. Here is an explanation of some other common tenant's rights in Ohio.
1. Security Deposits
Landlords are not limited to how much they can charge for a security deposit. It must be returned within 30 days after a tenant mo ... Read More
Under specific circumstances, it is possible for a trespasser to come onto someone's property and occupy it in order to gain its ownership. Often referred to as “squatter's rights” or “adverse possession,” occupation of the property cannot occur if the property owner has evidence of their occupation in place. It must be unused and considered to be abandoned. Once that stipulation has been met, the squatters must occupy the property as if it were their own. It must ... Read More
When a rental property begins to undergo a construction process, this is typically treated as a special circumstance by the leasing agreement. Landlords have a right and often a duty to repair the property so that it is safe and secure to inhabit. Unless the work is being completed within the interior of the rental unit, there may be very few remedies available to the situation from a tenant's rights perspective. If, however, the construction interferes with the quiet enjoyment of the proper ... Read More
West Virginia has a unique eviction process for landlords to follow if there is a rental agreement violation or if rent hasn't been paid on time. As long as a landlord has suitable grounds to proceed with an eviction, they can proceed directly to their local court to file a complaint against the tenant. The tenant will then be served a summons to appear in court to defend against a summary eviction. Although it is recommended that landlords provide their tenants with some sort of eviction no ... Read More
If a tenant violates a rental agreement, then the eviction process in Alabama can be started by the landlord. How that process plays out depends on the type of violation that occurs. Sometimes landlords are encouraged to take “self-help” measures to encourage a problematic tenant to move out, but changing locks in a rental unit, having utilities shut off, or removing a tenant's personal belongings are all considered illegal acts in Alabama. Only these specific steps will help a l ... Read More
Tenants have the right to have a safe and secure rental home. They also have the right to request repairs for items that may not be considered an emergency, but could still affect their usage of the property. Some repairs must happen immediately, while others may not need to happen at all. Here is an outline of tenant rights for repair.
1. Certain Repairs Must Happen Within 24 Hours.
There are certain things that are considered specific rights for a tenant in a leasing agreement for a rent ... Read More
Cracked ceramic tiles can look unsightly. Although glazed ceramic tiles are incredibly durable and potentially last for the life of a home, it can still break under certain circumstances. If you have a spare tile on hand from the job, then you're ready to go. Otherwise you'll want to bring home samples to make sure a good match is made. Then follow these steps.
1. Remove The Damaged Tile
The trickiest part of this repair is to remove the damaged tile without creating more damage. U ... Read More
The key to repairing bleach stains on carpet is to remove the bleach that spilled as quickly as possible. If the carpet is colored, moving it quickly can potentially prevent the bleach from creating discoloration that needs to be repaired. The fastest way is to mix 4 cups of water with 2 tablespoons of white vinegar and pour the solution on the bleach stain. Allow the mixture to sit for at least 5 minutes and then blot up the liquid. If discoloration has occurred, the bleach stain will slowly be ... Read More
Many new landlords and property managers don't know what utilities to include in rent, much less the thornier issue of how much to charge. There's no right answer, but read on to learn what you should take into account as you weigh your options.
The Argument for Including Utilities with Rent
You're likely to get more interest in a property if you include utilities. Many tenants believe that it's less expensive to them when utilities are included in a lease, making it more a ... Read More
As a landlord, you may actually be paying for your tenants' utility costs, including electricity, which can be a significant cost burden on you. In order to ensure you’re getting the best deal on your energy price, make you have the energy provider that delivers the best performance and value. Here are 5 tips to make sure you have an electrical provider that works for you.
1. Choosing your electrical pricing and securing a guarantee
You may be able to choose between a variable ra ... Read More
Many landlords are fine with the listings they currently have, but others are interested in expanding their offerings by investing in additional properties. Of course, it's not likely these new assets will be in the same neighborhood as one's current listings, so it becomes important to learn how to research a new community before purchasing property there. Fortunately, there are several surefire ways of doing this.
Network With Local Landlords
Far too many landlords don't reco ... Read More
Landlords in California face a number of unique rules and laws regarding fees and charges. In order to be in full compliance with these laws, landlords should familiarize themselves with limits on bounced check charges, application fees, late rent charges, and other important fees you might have to impose on a tenant or applicant. Here is your guide to the sometimes confusing world of California fee limits and rules.
For most landlords, an application fee will be the first ... Read More
When first starting out, many landlords think their job is just to collect the money, fix property issues, and periodically market their listings to find new tenants. Even after a short time in the industry, though, it becomes apparent that renting out property is a much more involved process. Fortunately, if you're just starting out as a landlord, there are plenty of tools to make your job easier.
Online Background Checks
Failing to do a thorough background check can prove disastrous. ... Read More
1. Choose Your Investment
Determine whether you desire a long-term property investment or a "flipping" property. Long-term investments produce positive cash flow, increasing your net worth. If you plan to flip, your focus will be on property appreciation and a quick cash return.
Your profit margin depends on your acquisition cost, and it's important you buy the property at a low price so you can sell at a profit.
Don't be thrifty with small purchases but ... Read More
In a perfect world, the tenant-landlord relationship would be a cut-and-dry situation that had every contingency accounted for in the lease. Unfortunately, this is simply not the case. Regardless of how in-depth your tenant background checks are, you're going to run into situations where you want renters out of the property before their lease is up. In some instances, this isn't even over a lease violation. Fortunately, an option known as "cash for keys" can still get the ball ... Read More
As a landlord, you know the expense and time-consuming nature of rental applications, background checks, and credit checks. To offset these issues, you must ask tenants to pay fees so you can hire people to process the forms and ensure their information is handled quickly; you also need to cover the surcharges for all necessary service checks. However, despite the initial hurdle, these fees end up helping everyone in the end.
When you charge an application fee, make sure y ... Read More
As technology evolved, so did the tools that landlords used to be successful in their jobs. If you've been renting out properties for any length of time, you know that many of the most imperative tools are focused on researching potential tenants or new communities to invest in. Fortunately, there is no shortage of creative research methods, and if you can utilize the following, you'll already be a step ahead of the game.
They say that there's an app for everything, ... Read More