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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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Dealing with Difficult Tenants: When and How to Enforce Eviction Procedures

Real Property Management Evertrust

Becoming a landlord is often seen as a great investment opportunity, but managing tenants , especially difficult ones, can quickly turn your dream into a nightmare. For new landlords, navigating tenant conflicts and understanding when and how to enforce eviction procedures can be especially tricky. Common Mistakes New Landlords Make 1.

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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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Parking Solutions for Your Orland Park Tenants

Real Property Management Chicago

There are plenty of problems that could arise between landlord and tenant but parking is at the top of the list. This is more relevant if your Orland Park rental property has limited space and your tenants need parking for more than one or two vehicles. Depending on your situation, your lease can encompass more than that.

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How to Handle Common Lease Violations

American Apartment Owners Association

Authorized Pets and Occupants : Lease agreements usually specify the number of occupants allowed and whether pets are permitted. Lease agreements often include quiet hours, and observing these helps prevent neighbor complaints. Any discriminatory actions violate lease terms and carry legal repercussions.

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Defining Squatters’ Rights vs Tenants’ Rights: Key Differences and Legal Protections

American Apartment Owners Association

Ever wondered about the difference between squatters and tenants? Defining Squatters’ Rights vs Tenants’ Rights Whether you’re a property owner, tenant, or simply interested in property law it’s good you understand these distinctions between squatters rights and tenants rights.

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The Next Chapter in Property Management: Trends to Watch Out For

Real Property Management Chicago

In the near future, virtual assistants may even be able to perform tasks such as tenant screening, contract drafting, and much more. They can answer tenant inquiries and requests promptly. This is absolutely a trend to keep an eye on.