Is Proximity to Retail Becoming Less Important to Renters?
Tuesday, July 14
With Amazon continuing to grow, making nearly everything deliverable to your door, proximity to retail might become less and less of a draw for potential renters. Take into account that many malls and once-unshakable franchises across the country are closing, and the role of brick-and-mortar stor...
Late Fees: Are you Using them Effectively?
Monday, June 29
Every landlord has encountered tenants who don’t make paying rent on time a priority. Usually, a late fee will be implemented to act as a threat, not an actual debt. Since it’s a threat, the tenant often won’t pay the late fee. And once they’ve managed to avoid the late fee the first time, they m...
Managing Utilities for Rentals: Who Should Pay?
Monday, June 29
Overview of Utilities Let’s start with the basics: a utility is an essential service furnished to the public by a company (sometimes private, sometimes publicly owned). You can probably name a few utilities off the top of your head, such as light and water. In general, there are six types of util...
Four Keys to Preserve Hardwood Floors as a Landlord
Thursday, June 18
Don’t underestimate the power of a good hardwood floor. Well-kept wood flooring, especially of the older variety, can be a selling point for nearly any property, and it’s important to treat it like the valuable investment that it is. What are you to do about hardwood flooring that’s already a par...
Everything you Need to Know Before Renting to Tenants with Pets
Thursday, June 18
In 1988, the first year the American Pet Products Association conducted their annual National Pet Ownership Survey, 56% of households were home to dogs, cats, and other furry (or non-furry) friends. The latest results show that number has grown all the way to 68% of American families or about 85 ...
How to Calculate Prorated Rent
Thursday, June 18
Most landlords prefer to set a rental due date on the first of the month. Sometimes, however, this does not align with the tenant’s move-in date. If tenants were to move in or out 10 days after the start of the month, charging a full month’s rent for those 20 or so remaining days wouldn’t make mu...