When qualifying rental applicants, it's important to look for the warning signs of tenants who are not telling the truth about their qualifications. Here are some common red flags: The applicant describes tragic circumstances, and then uses the sob story to ask for...
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Rental Property Management Tips
5 Easy Ways to Get Tenants to Pay on Time
For rental properties to be profitable, landlords need to see cash flow. And that means having tenants who pay rent on time, every time. Train your tenants to pay on time by incorporating these property management strategies that encourage good payment habits: Report...
2018 Property Management Wrap-Up: What to Expect in 2019
As the year wraps up, it's time to think ahead to 2019. Here are some property management strategies that will help make 2019 a prosperous new year: Rent Control One of the more surprising twists that occurred this year was the defeat of a statewide rent control...
Landlord Arrested After Tenant Accused of Crime
A landlord in Martinsburg, West Virginia has been arrested and charged with a violation of that city's nuisance rental law after her tenant was accused of drug activity. According to Martinsburg police, at least 35 rental properties have been taken out of service over...
Tenants and Landlords Join Forces to Battle City’s Rental Inspection Law
Seattle is facing yet another challenge to its controversial rental regulations. This time, it's tenants who are complaining. They argue that the city's random property inspection rules violate their privacy. Their landlords agree. The lawsuit, which is poised to...
Landlords Beware: Tenant Fraud on the Rise
A landmark study recently conducted on behalf of credit reporting giant TransUnion revealed a disturbing statistic: more than 80% of property managers surveyed have been victims of tenant fraud. Many experienced fraud multiple times over the past two years. Equally...
Landlord Out $40,000: How to Avoid Income Loss from Bad Tenants
A landlord in British Columbia is living with the fallout from tenants who trashed his rental property. According to a news report, RCMP and bylaw enforcement officers stood guard as the recently-evicted tenants picked through heaps of trash to claim their belongings....
4 Mistakes Landlords Make When Collecting Rent
If you've ever had a tenant pay late, then you know how frustrating it is to sit and wait for that cheque to arrive. Chasing down rent payments is a colossal waste of a landlord's time, yet many landlords experience this problem at least once. While rent payments are...
Canada’s Latest Rental Market Report Shows Strong Demand
The overall vacancy rate for rental apartments in Canada dropped to 2.4% in 2018, according to the Rental Market Report just released by CMHC. The major factors contributing to the tightening rental market include immigration, younger workers, and older renters,...
Tenant Fraud Running Rampant
A newly-released study finds that over 80% of property management companies surveyed have experienced tenant fraud -- as many as 20 times -- in the past two years. That staggering statistic is a key finding in the study conducted by Forrester Consulting on behalf of...