The Canadian government has announced an economic stimulus plan to counteract the financial impacts of the COVID-19 pandemic. Several provinces have pledged supplemental assistance to individuals and businesses. Rent Supplements At this time, the most robust rental...
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Rental Property Management Tips
Damage Control: 7 Real-Time Strategies for Landlords
As landlords work through the financial impacts of the COVID-19 pandemic, it's important not to lose sight of the need for active property management to minimize income loss day to day. For now, focus on the immediate: Calm Your Tenants As frightening as it is for...
How to Protect Your Credit During a Crisis
Good credit is an important asset for both landlords and tenants. Throughout 2020, landlords may need to qualify for operating loans, pull cash out of investment properties, buy properties, or refinance to stay financially sound. Tenants need good credit to find...
Will a Pandemic Transform the Short-Term Rental Industry?
Investors who purchased residential properties with the hope of renting them out on short-term sites like Airbnb and individual tenants who have come to rely on extra income from renting out a room to travelers may have cause for concern now that the current pandemic...
New Rules on Criminal Background Checks Run the Gamut
New Bedford, Massachusetts lawmakers are mulling a "problem property" ordinance with an eye toward reducing local crime statistics. According to a news report, City Council is considering adding a provision requiring landlords to purchase -- for $30 -- a local...
How to Screen Tenants (Without Wasting Your Time)
The way to save time and avoid bad tenants is to take a surgical approach to tenant screening by focusing solely on qualifications. Detours and tangents only lead to irrelevant information. Use the checklist below to help you stick to the basics: First Contact Begin...
Colorado Lawmakers Push to Suppress Eviction Records
A series of pro-tenant rental regulations are moving through the Colorado General Assembly, the latest of which is a bill that would prevent courts from reporting evictions unless the judge ultimately signs an eviction order. Under the proposed measure, if the...
Landlords Win Reprieve from Voter Registration Law
Twin Cities landlords no longer are required to provide new tenants with voter registration information after a judge found the ordinances unconstitutional. In 2016, Minneapolis lawmakers passed a measure requiring landlords to provide city-approved voter registration...
How to Spot a Nightmare Tenant
It's heartbreaking to hear landlord horror stories, especially when they start with "I thought I found the perfect tenant," or "I was trying to do something nice." Problem tenants are the exception to the rule, but they are out there, and they tend to repeat the...
$60,000 and Counting: Tenant Damage Not Covered by Insurance
A Nova Scotia couple faced the landlord nightmare of a lifetime when they discovered the condition of their rental property - a mess so egregious that the news agency videotaping it warned that viewers may find the images disturbing. One landlord, a 10-year veteran,...