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How to Keep Your Tenants Safe

American Apartment Owners Association

In other words, the landlord has followed the local building or housing codes and ordinances which address the structural integrity of the rental unit along with the tenants health and safety. This implied warranty also covers the maintenance of all common areas, such as the buildings entryway, staircases and laundry rooms.

Tenant 244
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After a Wildfire: Essential Steps for Property Recovery

Beach Front Property Management

If the policy wording is unclear, consult a local attorney specializing in insurance law. Additionally, a homeowner’s rental unit insurance usually does not cover resident belongings. Homeowners should review their liability insurance coverage with an attorney to ensure they are protected against such claims.

Insurance 147
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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Whether you have on-site maintenance teams or work with third-party vendors, review procedures to ensure tools, supplies, and adequate staff members are available to respond to every situation. Also, consider extending leasing agents’ hours during peak rental season — the extra investment can really pay off in leads.

Lease 264
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Top 5 Mistakes New Landlords Make and How to Avoid Them

Real Property Management Evertrust

Failing to Properly Screen Tenants The Mistake: Many new landlords are so eager to fill their rental units that they skip or rush through tenant screening. Underestimating the Costs of Maintenance The Mistake: Some new landlords think the rent they collect is pure profit, forgetting to budget for inevitable repairs and maintenance.

Landlord 130
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Rent Control 101: Understanding the Basics

American Apartment Owners Association

Many more rental units are affected by this program and are what most people think of when they consider New York City rent-controlled housing. there are rent control laws that affect some rental units. It can affect building maintenance and renovations. This can decrease the rental unit value over time.

Rent 130
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What to Do If You’re Facing a Rent Increase

Bay Property Management Group

While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. You could start looking for more affordable rental units , or you could search for roommates to share your space with who will contribute to the monthly rent.

Rent 147
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How to Invest in Real Estate: Guide for Beginners

American Apartment Owners Association

Between looking for properties, acquiring them, marketing, property management, looking for tenants, collecting rent and scheduling building maintenance and repairs, theres always something to do! If youre not a do-it-yourselfer, you can always hire repair companies to fix damage and perform routine maintenance.