article thumbnail

Streamlining Real Estate: Choosing Manageable Rentals

Real Property Management Chicago

More work is generated as a result, including more advertising, applicant screening, rent collection, move-ins and move-outs, and upkeep. Finding trustworthy renters, taking care of upkeep and repairs, and ensuring compliance with local laws are all part of managing a rental property.

article thumbnail

What We Wish Rental Property Owners Knew About Leasing: The Tale of Property Managers in Los Angeles

Real Property Management Choice

Application Screening Many property owners don’t truly understand the importance of properly screening tenant applications. Placing tenants that have had their applications properly screened protects you, your investment, and the neighborhood in which it lies.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fair Housing in Practice: Dos and Don’ts for DC Property Owners 2023

Nest DC

Fair treatment of tenants doesn’t just start at the time of reviewing an application; it starts with your rental listing going live. While fair housing covers every aspect of renting, it’s during the marketing and application screening phases that we see the most mistakes.

article thumbnail

How to keep LA tenant eviction rate to Zero!

Real Property Management Choice

Follow strict policies and procedures from applicant screening to rent collection. We don’t just qualify an applicant to get the property rented faster. If the applicants can’t afford to give 2 month security deposit, it will be difficult for them to go by if anything happens out of ordinary.

Tenant 52
article thumbnail

Tenant screening best practices for landlords and property managers

MRI Software

Remember that the Fair Housing Act was set up to protect the most vulnerable renters, so be prepared to make reasonable accommodations to your approval criteria for those protected by the Fair Housing Act, like applicants with disabilities. You can use online rental websites or social media to reach potential tenants with your adverts.

article thumbnail

How Property Managers Help Rental Homeowners Boost Their Financial Status

Real Property Management Choice

But the question is: Do you have that much time to run ads, invite applications, screen their authenticity, onboard new tenants, collect rents every month, run maintenance activities, and more? As the effect of pandemic starts decreasing, rental homeowners may consider attracting more tenants looking for residential properties.

article thumbnail

12 Tasks for Property Management Automation

Second Nature

It can involve using single-family property management software to streamline tasks such as rent collection, applicant screening, property maintenance requests, and accounting, among others. At Second Nature, we think of automation and outsourcing as two sides of the same coin. That's a "triple win."