CategoryProperty Management

WHAT SHOULD A LANDLORD DO BEFORE A TENANT MOVES IN?

You’ve promoted your rental property, received a lot of interest, screened a few applicants, and you’ve finally got a tenant.  Lease is signed, deposit is paid, and the move in date is approaching. So, what should a landlord do before a tenant moves in?   I’ve found, over the years, that doing a meticulous walk-through of my rental properties before tenants move in is a wise thing to do.  ...

CAN YOU EVICT A TENANT WITHOUT A LEASE?

Can you evict a tenant without a lease?  Yes.  In fact, getting a tenant out of your property may be easier without a lease because the arrangement is just month-to-month anyway.   In most states, landlords must provide a tenant with 30 days notice to end a month-to-month tenancy.  If a tenant remains in the property after giving them proper notice, then you can file an eviction (aka unlawful...

HOW MUCH CAN I RENT MY HOUSE FOR?

How much can I rent my house for?  Great question.  Let’s find out. Figuring out the right amount to charge for rent can seem tricky.  The longer your property sits vacant, the more money you lose, so you don’t want to ask too much.  However, you also don’t want to ask too little, and miss out on rent income. So, how do you arrive at that perfect amount to ask for rent? In this post, I’m...

How do I make sure my tenant pays rent?

You cannot survive as a rental property owner without cash-flow from monthly rent.  While this is an overly-obvious statement, I’m shocked at how many landlords quickly rent to poorly screened and highly-unqualified tenants as if collecting monthly rent didn’t matter. If you have a tenant that is paying late or not at all, short of hounding them (legally) & evicting them, there’s nothing you...

BEST ELECTRONIC ONLINE RENT PAYMENT SERVICE FOR LANDLORDS

Let’s face it.  We’re all busy people.  With families, full-time jobs, and other important commitments, we want to do whatever we can to put our rental property business on autopilot.   The great part about running a real estate investing business is that much of it can be automated, and that includes collecting online rent payments.   If you’re still running around town picking up rent checks...

RENTING A SINGLE FAMILY HOME TO MULTIPLE TENANTS.  IS IT A GOOD IDEA?

Is renting a single family home to multiple tenants a good idea?  That’s a great question. The quick answer is – it depends on the relationship of the tenants.   Renting to a married couple with children technically means you’ve got multiple tenants…the husband and wife.   The husband/wife multiple tenant situation is much different compared to two college students, who don’t know...

SELF SHOWING HOMES FOR RENT.  IS IT A GOOD IDEA?

Right out of the gate, I have to confess something.  I’ve owned up to nearly 40 rental properties at one time, and I’ve easily self-managed all of them while maintaining a full-time job.  So, “what’s my confession?” I don’t show properties.   I know.  I know. It goes against the grain, and many people would frown in total confusion when hearing this, but it’s true. It wasn’t always this way...

SHOULD I LET TENANT MOVE IN EARLY?

Should you let your tenant move in early?  This is a good question.  If you peruse different real estate investing forums, you’ll find many landlords are fine letting tenants move in early.   Personally, I’ve allowed tenants to move in early on numerous occasions, and it’s never been a problem. Here are a few things to consider if you’re on the fence about it. What money have they paid? Some...

WHY YOU SHOULDN’T RENT TO A GROUP OF FRIENDS

In this post, I want to give you a few reasons why I strongly feel you should shy away from renting to a group of friends. You know what I’m referring to.  Situations where you’ve got a bunch of friends, roughly college age, who think it’d be fun to all live together.   Well, just to cut to the chase, I’ve done this several times…signed a lease with three or more people on it, and it’s...

MUST LANDLORDS ALLOW SERVICE DOGS & EMOTIONAL SUPPORT ANIMALS?

Where I rent properties near Springfield, MO, it’s common for people to have service dogs or emotional support animals.  In this post, I’ll be shedding some light on how landlords are required to respond to applicants or tenants with these animals.   What is an emotional support animal? Also known as “ESA” or simply “support animal”, an emotional support animal has been deemed by a medical...

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