This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
If the heater goes out in my rental should I give tenants credit while awaiting the repair is the question this week for Ask Landlord Hank. Remember Hank is not an attorney and he is not offering legal advice. In the mid-90s he got into the rental business for himself. Visit his website: [link].
Legal responsibilities of a landlord Warranty of Habitability: Every lease or rental agreement includes an implied warranty of habitability, which means the premises are suitable for human occupancy. Suspicious Activity: Most leases have a provision banning illicit actions inside rentalunits.
To make the most of leasing season, propertymanagers, leasing teams, and marketing managers need to be ready for increased demand and commit resources to encourage lease renewals. Most renters expect to be able to apply online and prefer not to drive all the way to your property to turn in a piece of paper.
What to Do If You’re Facing a Rent Increase Tips for Negotiating Your Rent Increase Ask Your BMG PropertyManagers for Help How Often Can Your Landlord Increase Rent? Washington, DC, propertymanagers know that rent increases are essential to the rental process.
If the policy wording is unclear, consult a local attorney specializing in insurance law. Homeowners typically are not responsible for damage to a resident’s personal property caused by wildfires or other natural disasters. Additionally, a homeowner’s rentalunit insurance usually does not cover resident belongings.
As a landlord or propertymanager, rent control may not be the most positive term in the real estate industry. It basically puts constraints on how much control a landlord has over their property, specifically on how much rent they can charge tenants. there are rent control laws that affect some rentalunits.
Failing to Properly Screen Tenants The Mistake: Many new landlords are so eager to fill their rentalunits that they skip or rush through tenant screening. Online propertymanagement platforms like Buildium or TenantCloud make tenant screening easy, providing tools to streamline credit and background checks.
Legal responsibilities of a landlord Warranty of Habitability: Every lease or rental agreement includes an implied warranty of habitability, which means the premises are suitable for human occupancy. Suspicious Activity: Most leases have a provision banning illicit actions inside rentalunits.
in a rentalunit. Violating community health and safety standards: Letting a rentalproperty get so dirty it attracts rodents or insects, which may make other tenants feel unsafe. Staying on premises after the lease has expired: When the lease is up, so is the tenants time living at your property.
in a rentalunit. Violating community health and safety standards: Letting a rentalproperty get so dirty it attracts rodents or insects, which may make other tenants feel unsafe. Staying on premises after the lease has expired: When the lease is up, so is the tenants time living at your property.
Below are the top reasons a landlord or propertymanager may choose to increase rent: Staying competitive with the local market. If market rent prices in your area are heating up, it might make sense to increase your propertys rent to match it. You must ensure that the property remains compliant in this case.
Below are the top reasons a landlord or propertymanager may choose to increase rent: Staying competitive with the local market. If market rent prices in your area are heating up, it might make sense to increase your propertys rent to match it. You must ensure that the property remains compliant in this case.
Liability insurance covers attorney fees, court costs, and potential settlements to reduce financial strain. Consider factors such as weather conditions, tenant demographics, and maintenance requirements when assessing your property. Even if a landlord is not found liable, defending against claims can be expensive and time-consuming.
Between looking for properties, acquiring them, marketing, propertymanagement, looking for tenants, collecting rent and scheduling building maintenance and repairs, theres always something to do! A number of propertymanagement and ownership costs are tax deductible. More than 120,000 landlords across the U.S.
Between looking for properties, acquiring them, marketing, propertymanagement, looking for tenants, collecting rent and scheduling building maintenance and repairs, theres always something to do! A number of propertymanagement and ownership costs are tax deductible. More than 120,000 landlords across the U.S.
It states that the city attorney can demand that a landlord evicts a tenant for unlawful possession of weapons or ammunition. In cases where safety issues arise, the law also allows the city attorney to take the necessary action on behalf of the city. Landlords are required to pay onsite managers the prevailing minimum wage.
Legal Considerations and Tenant Rights Be aware that tenants have rights, even if they abandon the property. Consulting with a real estate attorney or a propertymanagement professional can provide guidance tailored to your specific situation and location.
We understand that not every landlord is managing a large portfolio. For our valued small landlords, particularly those who own no more than two residential properties with up to four rentalunits, there's a bit of leeway. This legislation represents a significant shift, particularly in how security deposits are managed.
Move-in Checklist Finally, under the local landlord-tenant law, housing providers must provide a tenant with a move-in checklist that describes the condition of the rentalunit at the time of move-in. are required to maintain the unit in a habitable condition and make necessary repairs promptly. Landlords in Washington, D.C,
Consulting with a local housing attorney can help you anticipate and avoid these roadblocks. The property should also be free from serious hazards. Right to Privacy Tenants are entitled to privacy in their rentalunits. At PropertyManagement Inc.,
While charging more than a month's rent is not an option, charging less is an option that some property owners make in order to attract renters to their rentalunit. In the District of Columbia, a landlord is entitled to seek additional money to cover damages on the property that weren’t covered by the initial security deposit.
This process creates an opportunity for investors to purchase these properties at a lower price. Unlike single-family foreclosures, multifamily homes have multiple rentalunits. For landlords, its an appealing option because it allows the management of multiple rentalunits within a single investment.
Being an absentee landlord for a property outside your immediate area adds even more time-consuming responsibilities. Enter the PropertyManager If you find this all a little overwhelming, it might be time to interview some propertymanagers. VIEW FREE FORMS What Does a PropertyManager Do?
Being an absentee landlord for a property outside your immediate area adds even more time-consuming responsibilities. Enter the PropertyManager If you find this all a little overwhelming, it might be time to interview some propertymanagers. VIEW FREE FORMS What Does a PropertyManager Do?
Navigating the complexities of propertymanagement can be challenging, especially when a tenant decides to break their lease. Always consult with a local attorney to ensure compliance with federal and local landlord-tenant laws. Work closely with a tenant law attorney to ensure a swift and compliant eviction process.
Read this helpful article to learn more about the specifics of security deposits for rentalunits in California. Security Deposits In California, landlords must pay attention to the following guidelines when dealing with security deposits: A landlord can collect 2 months of rent as a security deposit for an unfurnished unit.
If you are unsure whether or not your rentalunit qualifies under these laws, contact a renters lawyer in Los Angeles. Rent Stabilization Ordinance (RSO) The Rent Stabilization Ordinance (RSO) helps renters by capping how much property owners can increase rent each year and defining valid reasons for eviction.
Increased property value Selling individual condos often generates higher profits than selling a multifamily property as a whole. Condos tend to sell at a higher price per square foot compared to rentalunits, especially in competitive markets.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content