Category

Rental Property Management Tips

Alarming Rise in Tenant Fraud

Alarming Rise in Tenant Fraud

The rental industry is experiencing a significant rise in fraud activity among applicants, that according to a new fraud analysis from TransUnion Credit Bureau. During the period from March 2020 to August 2020, landlords saw a nearly 30% increase in applicants who...

10 Simple Ways to Avoid Nightmare Tenants

10 Simple Ways to Avoid Nightmare Tenants

Major property management firms report that tenant fraud -- rental applicants who misrepresent qualifications -- is a common occurrence. These applicants are the most likely to become nightmare tenants, skipping out on rent, damaging the property, or causing...

Eviction Ban Highlights Need for Tenant Accountability

Eviction Ban Highlights Need for Tenant Accountability

A retired British Columbia couple in their seventies shared their frustration after their tenants disappeared during the province's eviction moratorium, leaving the fixed-income landlords with over $4,500 in unpaid rent. To add insult to injury, at least one of the...

Lawmakers Resist Effort to Seal Eviction Records

Louisiana's legislature rejected a bill that would have prevented landlords there from obtaining eviction records on tenants who did not pay rent during the pandemic. The measure would have prevented courts from reporting eviction cases for nonpayment that occurred...

3 Ways to Avoid Nightmare Tenants in 2021

With an expected wave of eviction filings for nonpayment of rent to begin in January, rental applicants are going to begin to line up for vacancies. Some paid rent and simply are relocating. Others didn't pay anything and they're leaving before the current landlord...

Lease Clauses That Prevent Income Loss

A lease agreement should include provisions that help landlords avoid income loss -- including these: Joint and Several Liability “Tenants shall be jointly and severally liable for all obligations under this lease.” Few tenants understand the legal ramifications of...