With summer rental season in full swing, landlords are gearing up to find new tenants. A lot is riding on the rental ad. Not only do landlords need to attract good tenants, they need to avoid mistakes that increase liabilities and cause property management headaches...
Rents Dropping? These Tenants May Be to Blame
Across the country, rents are dropping, according to virtually all major analytic firms. How much depends on the locale, and how spooked landlords are about filling the next vacancy. Given the economic fallout from the pandemic, that is not a surprise. Nor is it a...
6 Things Landlords Need to Know About Early Termination Fees
Lease termination fees are a gray area in property management. Not all fees are legal, even if the tenant agreed to it in the lease. States handle this issue differently, so there's no universally correct policy. And the reason the tenant is leaving can impact the...
Landlords Ordered to Educate Tenants on Social Distancing Guidelines
Threatened with the loss of rental licenses, some Boulder, Colorado landlords have been compelled to educate their tenants on social distancing guidelines. The city, home to the University of Colorado -- and infamous parties -- says pressuring landlords may be the...
5 Strategies for Attracting Great Tenants
When it comes to finding the best tenants, it's all about probability. If 100% of the applicants responding are good prospects, then the tenancy will be a success. If 100% are bad, that will guarantee failure. The less you are exposed to bad applicants, the less...
What You Don’t Want to Know About Your Tenants
A landlord recently took a novel approach to filling a vacancy. Rather than use a rental application, this landlord decided to leave it to tenants to write two or three paragraphs "describing" themselves. That's a risky strategy. This tactic not only makes it more...
British Columbia Extends Rental Supplement, Eviction Moratorium
British Columbia is extending its temporary rental supplement payments, or TRS, until the end of August. The moratorium on evictions for nonpayment of rent will continue, as will the restriction on rent increases. The rental supplement is $500 per month for households...
Student Renters, Landlords in Limbo
With the announcement that many universities across the country are planning to hold classes online for fall semester, students and landlords alike are left to sort out what that means for the student housing market. To complicate matters, some schools are planning to...
Collecting Rent: Patience Pays Off
Over 90 percent of renters paid in May, just not on time. The latest information from the National Multifamily Housing Council, which covers over eleven million units nationwide, proves that, for landlords, patience is a virtue. As of May 27th, 93.3 percent of renters...
Landlords Challenge Eviction Freeze
Landlords in New York have filed a lawsuit challenging the extension of a moratorium on evictions for nonpayment of rent that will continue into August. In addition to a halt on eviction filings, landlords would be required to apply security deposits to unpaid rent....
Landlords: Don’t Forget Lead Paint Disclosures
Every month, landlords across the country face penalties for failing to provide lead paint disclosures. Many are unaware that they have violated the law. The most likely landlords to be affected by these rules are those who have purchased an older property as an...
Parking Dispute Costs Landlord $80,000
The landlord of an apartment complex in Pennsylvania has agreed to pay $80,000 to settle a lawsuit over its refusal to provide a reserved parking space for a tenant with a disability. HUD successfully argued that the action violated the Fair Housing Act's requirement...
Landlords Hurt by Eviction Freeze
April and May brought largely good news for landlords as most reported that tenants paid either all or some of the rent owed. Landlord and Tenant Boards across Canada encouraged tenants who were impacted by the pandemic to work with their landlords on an installment...
How to Make Online Leasing Safer for Landlords
The COVID-19 pandemic and the resulting social distancing guidelines have impacted the way landlords manage rental properties, including how they find and screen tenants. Companies that offer turnkey leasing services are touting the benefits of online leasing, such as...
Keeping Pests at Bay During a Pandemic
As if COVID-19 business closures and social distancing restrictions weren't enough to deal with, pet control experts now are warning that rodents, unable to feast on trash from crowded restaurants and bars, now are roaming the streets in search of food. Complaints are...
5 Ways to Avoid Tenant Disputes
The last thing landlords want to deal with is a disgruntled tenant, especially if that tenant gets passive-aggressive and stops paying rent. Target the most common reasons why tenancies go sour, and you can avoid disputes with your tenants: Noise Unresolved noise...
Good News for Landlords
A strong majority of tenants paid rent in April, that according to the National Multifamily Housing Council's Rent Payment Tracker. The survey results show 89% of apartment tenants made full or partial rent payments by April 19, with a significant uptick for the week...
Screening Tenants at a Distance
The COVID-19 pandemic has placed a spotlight on our social interactions. Experts warn that the social distancing guidelines currently in place in most states may be with us long into the summer, and possibly beyond. To avoid liabilities -- and avoid picking the wrong...
Mediation Services Fill the Void
Landlords in many states are facing a temporary ban on evictions for nonpayment of rent. Even in states that don't have a ban, the courts are closed or on reduced hours. As the summer progresses, these courts will need time to process the backlog. One option that can...
Airbnb Host Facing Criminal Charges
An Airbnb host in Tampa is facing criminal charges after renting a property for two nights. Florida is one of many states and several major cities that have banned vacation rentals during the pandemic. According to a police report, local teenagers were throwing a...