How to Choose a Good Roommate and What to avoid!

How to Choose a Good Roommate and What to avoid! Sharing your home with a roommate has many benefits, can be fun, and may seem like a great idea. Getting a roommate typically means you can get a bigger place in maybe a more desirable area and pay less than if you got a home…

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Setting the Late Fees and Grace Periods for Rent!

Setting the Late Fees and Grace Periods for Rent! Landlords and property owners are business-oriented. They may like their residents and even have friendly relationships with some of them, but the bottom line is that they expect the rent to be paid on time each month. It is a reasonable expectation that must be backed up…

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What am I Obligated to Fix as a Landlord?

Am I Obligated to Fix as a Landlord

What am I Obligated to Fix as a Landlord? Rental properties provide owners with lucrative investment opportunities, but the job also comes with responsibilities to the tenant. Various federal, state, and local laws require that landlords maintain a safe and habitable space for their tenants. Consulting an attorney about your legal responsibilities is essential for…

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Costs to Expect When You Rent Out Your Property!

Costs to Expect When You Rent Out Your Property

 Costs to Expect When You Rent Out Your Property! Do you know what costs are associated with renting out your house? Not every expense is an obvious one. Sure, you may need to conduct repairs over time, and you may even decide to pay for certain utilities for your tenants. However, a handful of expenses…

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Why Your Rental Contract Should Address Cannabis Usage!

Why Your Rental Contract Should Address Cannabis Usage

 Why Your Rental Contract Should Address Cannabis Usage! Not so many years ago, it would have been unthinkable for landlords and property managers to include an official stance on the use, possession, and cultivation of cannabis by the residents living in their apartments, condo units, and rental homes. That’s because having or using marijuana was…

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Understanding Your Lease Agreement Terms!

Understanding Your Lease Agreement!

 Understanding Your Lease Agreement Terms! You found a dream home and got approved! The next step is signing the lease. Most tenants don’t even read the lease agreement before they sign it, but you should read it and understand it. During the lease term, many tenants reach out to their landlord or property manager when…

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Essential Resources for New Rental Property Owners!

Essential Resources for New Rental Property Owners

 Essential Resources for New Rental Property Owners! Owning a long-term rental property is an excellent way to supplement your income, especially for retirement. However, there are many things that you must know, and the following resources can help you make better financial decisions and manage your property like a boss. Buying the Right Place The…

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Tips for Doing a Thorough Rental Walkthrough!

Doing a thorough Rental Walkthrough

Tips for Doing a Thorough Rental Walkthrough! What is a Rental Walkthrough? A rental walkthrough is a process of documenting the condition of a property before a tenant moves in and then again after the tenant moves out to check if there is any damage and if the tenant’s security deposit should be charged. Photos:…

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Garbage Disposal DO’s and DON’Ts

Garbage Disposal

Garbage Disposal DO’s and DON’Ts Garbage disposals can be dangerous and cause problems if they are not used properly. This article and video will help you understand how your garbage disposal works, how to operate it safely and avoid common problems, and the simple maintenance tasks that you should do to keep it running properly:…

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7 Tips for Marketing Your Rental Property

7 Tips for Marketing Your Rental Property   Take Great Photos. Take photos of every room so prospective tenants can get an idea of the space and layout. In addition, take a quick video walking through the home as you would if you were giving an in-person tour. Photo/prep tips: Open all blinds and curtains…

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