An up-to-date rental application form is a vital tool for a successful rental business. Asking the right questions of an applicant is key to obtaining the information needed to conduct a thorough tenant background check. What's more, if the rental relationship goes...
Tenant Profiling: How to Spot the Ideal Tenant
Often, when a particular landlord is asked to describe the "ideal" tenant, they will choose words like "quiet." In reality, choosing tenants based on specific behaviors may not be the best option for minimizing income loss. A landlord can regulate many behaviors so...
Eviction Strategies for Landlords
Evictions can be the most stressful part of rental property management. They may also be the most costly. It is wise for a landlord to consider the options, and adopt an eviction strategy: File Notice Right Away The stories may be sad, but it is best not to listen. ...
Do-it-Yourself Tenant Debt Collection
Outstanding tenant accounts are a heavy drain on a rental property business. Because there is a degree of uncertainty as to whether a debt can be collected, debt collection agencies typically adjust their fees accordingly, and take a large percentage of what they...
Do You Know the Most Controversial Provision in Your Rental Lease?
While pre-leasing negotiations center around tenant screening reports, move-in dates and contingencies like pets and parking, it's a particular rental lease provision that most often lands you in hot water. Late fee provisions are frequently troublesome for...
Is Your Applicant Telling the Truth?
The stakes are high when renting your unit. If you choose the wrong applicant, you may end up paying for an eviction, or find your rental property damaged. But how do you know if your applicant is telling you the truth? Tenant screening is a two-step process that...
Property Managers Must Allow Access for U.S. Census Workers
Census Takers to Follow Up with About 48 Million Households Nationwide The U.S. Government Census Bureau has announced that about 635,000 2010 Census takers across the nation are now going door-to-door follow up with households that either didn't mail back their 2010...
Top 10 Legal Mistakes That Can Sink Your Landlord Business
When it comes to landlord tenant lawyers, Janet Portman is as smart as they come. This accomplished attorney and managing editor of legal publisher Nolo shares the top ten legal traps for landlords: Know the laws in your state before you rent out space. Being a...
Tips for Winning the Fraud Rental Game
Marv Steier, President of Tenant Verification Services is an expert at fraud detection. Here, he identifies some common traits of delinquent tenants, and offers tips for winning the Fraud Rental Game: Owning or managing a rental property can be a full time job and a...
Becoming a Successful Landlord
By Kenneth Roth Introduction Ken Roth is a second-generation landlord, a real estate attorney and a former leasing agent. He's been letting properties and dealing with the headaches that inevitably result for over 20 years. Test your knowledge of landlord-tenant...