Security deposits are an important tool when it comes to quickly restoring a rental unit for the next tenant. But if security deposits aren't handled correctly, they also can cause income loss. Watch out for these security deposit pitfalls: 1. Don't assume the...
Category
Rental Property Management Tips
Landlords Sued for Refusing to Move Rent Due Date
The owners and property manager of an apartment building in Georgia are facing charges by HUD after a dispute with a tenant over the rent due date. The tenant received income from disability benefits and received those payments the second Wednesday of every month. For...
Rent Payments Wane as Stimulus Talks Stall
Ninety percent of renters made full or partial rent payments as of August 20th, according to the Rent Tracker survey conducted by the National Multifamily Housing Council. The survey encompasses 11.4 million professionally managed units and is encouraging news for...
Worst Tenants Ever
An Ottawa landlord has been trying to evict his nightmare tenants for months. The issue: snakes. When the landlord confronted the tenants over their collection of more than two dozen dangerous snakes left to roam freely in the rental unit, he was met with insults and...
Why Landlords Need to Check Tenant Credit
Some tenants grumble about running their credit during a tenant background check. They say it invades their privacy or that their credit doesn't matter. But credit does matter. Here's why: Credit Reports Serve as a Cross-Check The secret to exposing tenant fraud or an...
How to Use Your Tenancy Agreement to Reduce Landlord Liabilities
Because landlords have a legal duty to maintain a safe rental property, they stand to lose if someone is injured there. So, it makes sense to prevent those injuries and avoid the liability. The tenancy agreement is a great opportunity to do just that: Carbon monoxide...
5 Things Landlords Need to Know About Tenant Screening
Finding the right tenants is key to any profitable rental business. Here are some tips that make tenant screening easier and more effective for landlords: 1. Tenant fraud is a real and growing concern for landlords. The best way to expose fraud is to catch it early....
Tenant Screening Tips: The Adverse Action Notice
When the information in a credit, eviction, criminal history, or other investigative report provided by a tenant screening agency negatively impacts the landlord's decision regarding an applicant, that applicant is entitled to notification. This is referred to as an...
Tenants, Landlords Await Next Stimulus
Most renters made full or partial rent payments this month, according to the National Multifamily Housing Council's Rent Payment Tracker. The survey of over 11 million apartment units across the country found 91.3 percent tenants made efforts to pay. While that's good...
Landlord Says Never Again
Eighteen months. That's how long a Guelph landlord anticipates that his tenant will live in his rental home without paying rent. Systemic eviction delays, with or without an eviction moratorium, allow tenants to game the system and choose when -- or if -- to pay rent....