February 2015

Found 4 blog entries for February 2015.

Tenancy Agreement

There is a lot of information a landlord needs to have in order to be a landlord. Unfortunately, it isn’t all gumdrops and roses. For example, landlords needs to understand what evictions are and what the rules regarding them are for the area they rent property. This is the only way a landlord can evict a tenant without getting in trouble.

Terminate with Reason

A landlord cannot evict a tenant without a cause. You also cannot just show up at a tenant’s house one day and tell them they are evicted and need to get out. Eviction must have a reason and a tenant must be given proper notifications. A large portion of the time you are requested to give your tenant a 30 day notice of eviction.

Your notice must include why you are evicting them and what

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Credit Check - Image Credit: https://www.flickr.com/photos/lendingmemo/11943365466

It’s very important for landlords to run a credit check on a potential tenant. It’s actually one of the most important things you’ll want to do as a property manager because you’ll lower your personal risk of getting stuck with a renter that doesn’t pay their rent.

Sometimes the past isn’t the best indicator of how your potential tenant will handle their present finances but it is a way to see how financially sound a potential renter is. Here is what you should know about running tenant credit checks.

Which credit report should a landlord use?

Landlords can choose from three credit report types or get all three done. You also can get their FICO score. The credit bureaus are Equifax, Experian and TransUnion. They will all tell you something

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Cash Deposit

For a renter, a security deposit is one of the biggest hassles when they need a new place to live. A security deposit is an amount of money you are required to pay your landlord upfront to move into the home.

This security deposit is to protect the landlord from a financial loss. If you try to break your lease or you damage the property, the landlord keeps the security check. If you stay for your lease and do not damage the property, you can get the security deposit back.

The amount of money a landlord will ask for a security deposit tends to very pretty greatly from one place to the next. What most tenants do not know is – there are a lot of laws in place limiting how much of a security deposit a landlord is allowed to ask for. In order to protect

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Landlord

As a landlord, there are a lot of tidbits of knowledge and know how you need to have. For example, it is your responsibility to know how to maintain the unit you are renting. One big area of renting houses and apartments that a landlord needs to have knowledge and experience in is appliances. The more a landlord knows about appliances, the better a landlord the individual intends to be. After all, being able to repair a washer or install a new water heater is a great way to save money.

What Are Appliances, Anyway?

An appliance is all the little extra equipment that comes with a house or apartment when you rent it. This can include (but is not limited to) the following:

  • Stove/Oven
  • Freezer
  • Fridge
  • Dishwasher
  • Washer
  • Dryer
  • Microwave
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