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Dealing with Angry Tenants
Landlords are business owners, and as business owners, they will have to deal with many issues that arise including dealing with angry customers/tenants. In the business sense, tenants are landlords’...
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Protecting Yourself Against a Security Deposit Lawsuit
Whenever a landlord does not give back all or some of a security deposit they put themselves at risk for a lawsuit over the funds. Even if the landlord or property manager is 100% justified in keeping...
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Renting at a 50-year High
There have been many predictions over the past few years about where the rental market was headed. After the 2006 recession home buying slowed and renting increased causing rental prices to increase...
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Protecting Yourself Against a Security Deposit Lawsuit
Whenever a landlord does not give back all or some of a security deposit they put themselves at risk for a lawsuit over the funds. Even if the landlord or property manager is 100% justified in keeping...
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Not Renewing Bad Tenants
Bad tenants can make a landlord's and property manager’s life very difficult. Bad tenants may pay rent late, may be noisy, destructive, inconsiderate to other tenants and in general cause landlords...
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Checking Perspective Tenant’s Credit
Conducting proper background checks on prospective tenants is an important part of most landlords’ and property managers’ job. Conducting a proper background check can prevent a problematic or...
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Winning a Security Deposit Lawsuit
Landlords and property managers collect security deposits so that they may have a safety net if a tenant damages property or does not pay rent. However, as a landlord even if you follow your state and...
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Airbnb is Getting Involved in Apartments
Airbnb in 2008 with the idea of letting strangers pay people sleep on their couch as a way for people to make extra money towards rent. A little over years later Airbnb is a $25 billion company....
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Should Landlords Accept a Cosigner?
Whenever a tenant signs a lease, there is also some risk that the tenant will not be able to consistently pay rent for the term of the lease. When that risk is heighten a landlord, or property manager...
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What’s Considered Retaliatory Action by Landlord
In previous blog we have mentioned how it is illegal for landlords to act in a retaliatory manner towards tenants and that acting in a retaliatory manner can have major consequences for a landlord or...
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How Might the Republican Tax Plan Impact Landlords
On December 22 the final version of the Republican Tax bill was signed into law, and many believe it will benefit landlords. As part of the tax plan, two major aspects could impact home ownership and...
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How Rental Price is Impacted by the Number of Bedrooms
One of the most important parts of being a successful landlord is the ability to price a rental unit correctly. Pricing a rental too high can lead it to sit vacant costing a landlord thousands of...
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Rental market Update Singe Family
It may be surprising for many but rentals, are the fastest developing portion of the housing market. According to the Urban Institute, rental units have filled almost all of the housing demand in...
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Making More Money By Saving Money
With 2017 coming and going the time to review the past year’s accounting and profits have arrived for thousands of landlords and property managers. Landlords and Property managers will be calculating...
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Topics in Property Management- 2018 Trends
With the new there are new predictions on what trends will impact the rental market in 2018. to Forbes, there are four trends that landlords should keep an eye on and make sure their businesses...
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How to Reduce Risk When Investing in Rental Properties
Investing in a rental property can come with big returns or major losses. Even though rental demand is high and rental income has hit record highs in the last year, it is still risky to invest in...
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Monthly RIS Partnership Highlight: ClickPay
RIS property management software was developed with the goal of creating the best property management system at an affordable price. Creating the best property management system requires more than just...
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Security Deposit Limits and Deadlines in California
There are several cities in California including Las Angeles that have a larger percentage of renters than homeowners. Los Angelesis ranked number four in the U.S. for the percentage of residents that...
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Landlords Responsibilities in Texas
According to Business InsiderTexas remains one of the best states to invest in rental properties. Texas boasts several cities with great rental property returns including San Antonio and Dallas. In...
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How to Spot a Potentially Difficult Tenant
When a rental unit becomes vacant, there can be intense pressure to fill the unit. Every month the rental unit is left vacant is a month of lost revenue that can impact a landlord’s already tight...
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Cloud VS Local Storage
Choosing between local or cloud-based storage is an important business decision for any company. Both options offer advantages and disadvantages and companies, including property managers and landlords...
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Signs You Need to Hire More People
Landlords and property managers are entrepreneurs looking to grow and build their businesses, often from scratch. When landlords and property managers are successful and their business grows they will...
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Topics in Commercial Property Management: Outlook through 2018
Owners of commercial rental property may soon see the positive rent growth and demand that residential rental properties have been seeing for several years. According to the ULI real estate economic...
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Guidelines for Raising Rent
Raising rent can be a risky prospect for both a landlord and tenant. Raise the rent too much and landlords can send tenants scurrying to find a new place to live. Choosing not to raise rent or raising...
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Establishing Subletting Rules
If you are a landlord or property management with several rental properties at some point, a tenant may ask you if they can sublet their apartment or may do so without asking. There may be several...
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Keeping Commercial Tenants Happy and Profitable
With the economy improving commercial real-estate and rental properties have also seen a rise in rent and demand. However, as mentioned in previous blogs, not all commercial rental properties have seen...
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Difficulties in Managing Multiple Properties
Despite what your tenants may think, being a landlord is not all about sitting back and collecting rent checks every month. Managing properties is a particularly difficult endeavor with thin profit...
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Advantages of Low Income Rental Properties
All around the country, the focus of most developers over the last decade has been in creating luxury residential units that can fetch high rents and have high sales value. For many landlords owning...
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Rental Demand for Americans 55 older May Explode by 2020
According to Freddie Mac’s recent consumer research report, rental demand from Baby Boomers may put a lot of pressure on the rental market by 2020. According to the Freddie Mac survey the report is...
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How to Find a Good Contractor for Your Rental
When you own a house or rental it is not a question of if going to need a contractor or it is a question of when you will need one. Finding a reliable, knowledgeable and contractor is extremely...
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How Rising Interest Rates Can Impact Rental Market
On June 13th the Federal Reserve raised the interest rate to between 1.75 and 2 percent. This rate, which is the rate banks charge one another to borrow money from each other overnight, was lowered to...
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Different Types of Residential Rental Units
There are several distinct types of properties that a landlord can invest in as a rental property. Some of these properties may offer better rental potential while others may offer higher returns upon...
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Best Marketing Practices: Photos
Marketing is an essential piece of managing a rental property. Increasing the exposure of your rental property will help you find quality tenants while keeping vacancies low. The first thing...
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Should you Rent to Friends & Family?
As a landlord, you may one day be faced with a tempting prospect. A family member or friend needs a rental, and you have a vacancy. As one can imagine there may be cases where this arrangement works...
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RISSOFT Payroll Partners
Being a landlord or property manager means that you have to wear many hats and take care of many different responsibilities. If you have several employees one aspect that can be particularly difficult...
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Protecting Your Tenants' Personal Info
Data breaches of major companies have become a common occurrence. Every year tens of millions of customers’ personal information including emails, birthdays and social security numbers are stolen and...
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Why Have Some Landlords Stopped Collecting Security Deposits?
It is generally a common practice for landlords to collect a security deposit at the start of a lease in case there is damage to the property or unpaid rent. Collecting a security deposit seems like a...
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When to Think About Selling a Rental Property
Being a landlord is not just about collecting rental checks every month. Selling a rental property is a essential part of being a landlord. If you want to be a successful landlord, you need to be able...
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Guide to Prorating Rent
Not every tenant is going to move out or move into a rental unit on the first of the month. When a tenant moves into a rental in the middle of the month, rent has to be prorated, which is the amount of...
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Rent Increases Are Starting to Slow Down
After years of rising rents across the country, recent national rental reports indicate that rent growth is beginning to slow down across the country. According to the reports, there several reasons...
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What to do with Tenant Hoarding
According to TheInternational OCD Foundation, as many as 1 in 20 individuals may have hoarding symptoms, and 1 in 50 individuals may have very serious hoarding issues. With potentially millions of...
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How to Reduce Risk in Property Management
As a business owner there is always some level of Risk. Property managers and property owners have specific areas of increased risk that they must manage and protect against to protect themselves and...
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Effective Strategies for Attracting & Keep New Tenants
While rental demand is still high, as reported in previous blogs, rental demand and consequently, rental price has begun to stabilize and even drop in several major cities. Furthermore, as property...
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October 2018 rental report
Knowledge is a very powerful tool in any business, however when managing property staying up to date in rental trends is essential is staying competitive and profitable. Therefore, below is the summary...
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2019 Real Estate Trends
There have been several trends emerging in the real estate market that could have a lasting impact on the rental market in 2019. According to Curbed real estate news, the Urban Land Institute's annual...
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Mediating Between Residents
Being a landlord or property manager of an apartment building with multiple units means at some point your property may likely get embroiled in conflict. While some management issues like fixing a...
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Is No Fee Apartment Listing Worth It?
In many large metro cities like New York City when a rental is listed as having a “fee” it usually means a Broker’s Fee must be paid. A Brokers free is generally paid to a broker when they list a...
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How to Use Your Website to Get more Rental Leads
Filling vacancies is an essential aspect of staying profitable and making sure your rental property business is making you money. However, the rental market can be very competitive, and it can be hard...
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Tips for New Landlords
Jumping into the rental market is a risky endeavor for even the most successful business owners. For many first-time landlords, the margins are so low that it makes it difficult to keep the lights on...
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How to Use Your Website to Get more Rental Leads
Filling vacancies is an essential aspect of staying profitable and making sure your rental property business is making you money. However, the rental market can be very competitive, and it can be hard...
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