A tenant who won't pay their rent is every landlord's worst nightmare, and it's more common than you might think. In fact, over a million evictions take place in the United States each year - and this number has gone up amid the Covid-19 pandemic.Evictions are stressf...
Landlord Tools: Tenant Screening Checklist
By Kathy Scott Wednesday, December 22, 2021
The larger the city you are in, the larger the proportion of residents are likely to be renters rather than owners. In fact, in places like New York City, renters make up 60 percent or more of the population!When such a huge proportion of the population is a prospective tenant, i...
A Quick Landlord's Guide to Section 8
By Kathy Scott Wednesday, December 8, 2021
Not everybody realizes just how common section 8 housing is. In fact, almost five million people live in Section 8 housing! With so many people living in Section 8 housing, there is ample opportunity for landlords to specialize in Section 8 housing. In other cases, property ...
Rent Collection for Landlords: The Ultimate Guide
By Kathy Scott Wednesday, November 24, 2021
In the US, the average rent for a two-bedroom apartment is $1,180 per month. That's a large sum of money to be collected from a whole host of renters each month.In fact, some 36% of Americans from 122.8 billion households across the US are renters. If you're one of the la...
Should You Allow Pets in a Rental Property?
By Kathy Scott Wednesday, November 10, 2021
Up to 68% of American households have some sort of a pet. If you are a landlord, deciding whether to allow pets in a rental property has some major ramifications.Managing properties is all about balancing the needs of tenants with the preservation of your housing resources. Allow...
4 Things Landlords Need to Know About the Lease Renewal Notice Period
By Kathy Scott Wednesday, October 27, 2021
First-time landlord? We thought so. Becoming a landlord can be challenging. From finding and screening tenants to collecting rent and working out lease renewals, the life of a landlord is always busy.But, let's help you avoid the common pitfalls and t...
Security Deposit for Rent: A Simple Guide for New Landlords
By Kathy Scott Wednesday, October 13, 2021
As a new landlord, you've heard of the term "security deposit" in the past. If you've ever rented a property on your own, you've likely even paid one. But what is a security deposit? Why do you need a security deposit for rent, and when do you have to g...
How to Calculate Your Rental Property Value
By Kathy Scott Wednesday, September 22, 2021
As the housing market continues to boom, so have rentals. A "buyer's market" where bidding wars are commonplace has either forced or enticed many to rent. This in turn has made the rental environment more competitive and volatile as well.You may be wondering how the...
What the End of the Eviction Moratorium Means For Landlords
By Kathy Scott Wednesday, September 8, 2021
During the COVID-19 pandemic, the federal government put certain protections in place to protect tenant's rights. One of those protections was a federal eviction moratorium. While eviction is often the last resort for landlords, it is sometimes the only tool to deal with...
Expert Advice on How to Find Good Tenants for Your Rental Property
By Kathy Scott Wednesday, August 25, 2021
It's a hot market for renting right now. There are so many tenants looking for good housing, and you know that filling vacancies doesn't take long.That said, not all tenants are alike. While most tenants are agreeable and willing to abide by their lease terms and pay rent...