Lease Ledgers

As an investor with multiple properties, there are a lot of numbers to keep track of. Rather than recording your finances throughout the notes section of your phone or on scrap paper that will get buried on your desk, you should use a form of bookkeeping called a ledger to keep your finances in order. […]

Tenant Welcome Letter

So, you’ve found the perfect tenant…. Great! Now it’s time to help them settle in. One of the best ways to do that is by sending your tenant a welcome letter. Why Should You Send a Welcome Letter? Move-in is a great opportunity to reach out to your tenant(s) and make them feel at home. […]

Tenant Holdover

A holdover tenant is a tenant who stays on your property after the lease has expired. Holdover tenants do not have the landlord’s express permission to stay on the property, but that does not mean they cannot be welcome. Holdover tenancy is also known as a “tenancy at sufferance.” Contrary to the phrasing, you are […]

Tenants In Common

Tenants in common (TIC) are co-owners of a piece of real estate who each have an equal right to the possession and use of the property, as well as separate and undivided interest. In other words, it’s a type of shared ownership, like joint tenancy. However, unlike joint tenancy, the shares TIC own can be […]

Topics You Cannot Discuss with Potential Tenants

The line between small talk and big trouble is getting thinner. Learn the applicable laws regarding what you cannot ask your tenants to protect yourself from asking questions that could get you sued for discrimination. If a tenant feels that you have rejected their rental application for a discriminatory reason, he or she might report […]

A Guide to Property Management Software

Landlords often find themselves wondering how to juggle all the responsibilities that come with managing their rental units. Keeping track of multiple properties, getting rent on time, and handling requests are all tasks that can become difficult to carry out. Property management (PM) software is a way for landlords to organize every detail and never […]

Landlord Reference Letter

Just as you should screen potential tenants, other landlords should too. One of the key components of tenant screenings is getting information from past landlords. It’s annoying when they aren’t willing to help. Are you? The easiest way to help your fellow landlords is by writing a landlord reference letter for your tenant. The landlord […]

How to Easily Screen Potential Tenants

It’s tempting to skip screening tenants, and just accept the first tenant who applies for your property or the tenant that offers you the biggest security deposit. However, it pays off to background check potential tenants and accept the one that comes out clean. A clean tenant is more likely to take care of your […]

A Landlord’s Guide to Squashing Squatters’ Rights

Squatting is when a person finds an abandoned or vacant property and moves in without discussing it with the property owner. It sounds like breaking an entering – except sometimes it is legal. Squatters’ rights are a potential threat to landlords, and steps should be taken to prevent squatters from taking residency in a landlord’s […]

Landlord Insurance

Landlord insurance presents a wide range of coverage for property owners with one or more rental units. It is important that, as a landlord, you have protection against any financial loss that may occur. There will surely be a number of unforeseen events that will be out of your control — that’s where landlord insurance […]