March 2015

Found 5 blog entries for March 2015.

Hiring - Image Credit: http://pixabay.com/en/users/geralt-9301/

There are some things that you want to keep in mind when looking for a property manager. This is an important role and you want to make sure you find someone that is suitable for the job. Here are some tips to help you find a good property manager.

Resources

You want to use the resources that are available to you. Therefore, you should begin by contacting local real estate representatives for some referrals. Real estate agents have the ability to meet lots of people, and they have a ton of resources that can be helpful.

You also want to ask around with in your network, as you never know who might personally know a property manager. Referrals are the best way to finding a quality property manager. As those who are referring will know the person

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Credit Score - Image Credit: https://www.flickr.com/photos/lendingmemo/11747245016

When you decide to rent an apartment, credit score is typically a concern for most tenants. A low credit score could mean paying a higher deposit, higher rent or being denied an apartment altogether! Since applying for an apartment is already a time-consuming and potentially expensive task, it’s important to do a little bit of research ahead of time.

The Magic Line

According to Rentprep.com, the average credit score for tenants is 650. Homeguides places the number a little lower, at 620. In any case, the line between likely acceptance and denial is between 600 and 650, with higher numbers being better. If your credit score is above 650, you should be perfectly fine. If it’s lower than 650, then you should budget ahead of time to pay a higher

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Home Lease - Image Credit: http://pixabay.com/en/users/geralt-9301/

One unfortunate reality about renting is that sometimes, despite our best efforts, leases are broken. Sometimes, it’s the Leaser who breaks the terms of the agreement, but more often, the tenant either disregards the terms, or moves without providing notification.

With Notice

In most places, a tenant must give at least thirty days’ notice before vacating a residence. Depending on your jurisdiction, the tenant may be required to pay rent until the end of the original agreement, even if they have since moved on to another location, as long as the apartment remains vacant. This means after the tenant moves out, they still have to pay for each day the apartment remains unrented.

However, in most cases, once the tenant moves out, they no longer have

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Tenancy Agreement - Image Credit: http://pixabay.com/en/users/geralt-9301/

The biggest problem with being a landlord is having to find tenants. The more properties you are the landlord of, the more tenants you have to find. Unfortunately, you also have current tenants you have to keep happy and properties you have to tend to. This whole thing turns into a very busy cycle where you just do not have enough time.

One of the hardest parts of being a landlord is finding the right tenants. You do not just want to rent your property to anyone. You want to rent it to someone who is actually going to pay the bills and keep them paid on time. You also want to rent someone who is not going to commit crimes and cause problems while living on your property.

The Solution to This Problem

The easiest solution to this problem is to hand

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Check Writing - Image Credit: https://www.flickr.com/photos/carbonnyc/2204277278

One of the most stressful parts of being a landlord is wondering if you are going to get your rent checks paid on time and in full. When you do receive all of your checks, you don’t expect one to come back as a returned check.

Not only did your tenant write you a bad check which is a problem, but you still don’t have your money. It’s very common for tenants to pay their rent through a bank check so what should you do when a rent check is returned? Here is some advice for landlords on returned rent checks.

What is a returned check?

When a tenant writes a check and doesn’t have enough money in the account at the time it is cashed by the landlord, it is a bad check or returned check. When a tenant writes a check, they are responsible for ensuring

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