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How to Renew Lease Agreements: A Tenant Guide

Bay Property Management Group

But with your lease coming to an end, youre now at a crossroads, wondering how to renew lease agreements and secure your home for another term. Main Takeaways Start the conversation earlyat least 60-90 days before your lease endsso you have time to negotiate and explore other options. Let’s get into it.

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Buying a Tenant-Occupied Property: Essential Tips and Considerations

Real Property Management Chicago

Acquiring a rental property with existing tenants is not only a convenient choice, but also a great opportunity. Skipping renovations, advertising, and tenant screening is just the start of the advantages. That said, it’s vital to understand that purchasing a property with tenants already living there comes with its own challenges.

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What Is Debt-To-Income Ratio (DTI): What Investors Need to Know

Bay Property Management Group

That said, if you seek out government-backed loans, like FHA, they often will take borrowers with this range. Government-backed loans may allow DTIs up to 43%, but anything above 50% is considered risky and can limit loan approval chances. This way, you have less on your plate, and your tenants are satisfied.

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Can Tenants Get The Boot When Smoking In Apartments?

Rental Choice

Smoking in apartments is a contentious issue that has caused many disputes between landlords and tenants. In addition, landlords may prohibit smoking under the rental agreement and an apartment smoker will face consequences should they ever break the rules. Smoking in Apartments and Tenants’ Rights Can I smoke in my apartment?

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The Importance of an Accurate Rental Application

American Apartment Owners Association

In the long run, accepting a deceitful tenant can cause you a great deal of grief and money. A comprehensive rental application can protect you from undesirable tenants and future problems, such as evictions and damage to your investment property. All applicants over the age of 18 must be on the lease and should be screened.

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Can a Landlord Let Themselves In? Unlocking the Legalities

American Apartment Owners Association

A landlord cannot let themselves into a tenants property without prior notice, except in emergencies. Generally, landlords must provide at least 24 hours notice before entering, respecting tenants privacy and adhering to specific state laws regarding entry reasons and times. Privacy Both landlords and tenants have the right to privacy.

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How To Check If You Have An Eviction: A Guide For Tenants

Bay Property Management Group

Start by searching for your state government’s legal department website. For example, websites like TurboTenant offer tenant screening online, which saves you time and gives you a more thorough feel for your records. This will show that you’re a great and reliable tenant.

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