Do you remember wandering through “grown up” stores as a kid, scared to touch anything? We all knew the rule that guided (or was supposed to guide) our every movement: “You break it, you buy it!”But does that rule still apply? For rental properties, yes!You just have to know the difference …
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How to Prevent Tenants From Damaging Your Rental Property
A landlord’s first priority is to keep their property in good condition. But tenants obviously use the house, so there will be normal wear and tear. The trick comes in distinguishing normal use from damage. So where do you draw the line between the two? It’s somewhat subjective, but here are …
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Investors Beware! The Risks of Using Unlicensed Contractors
If it sounds too good to be true, it probably is. You've likely heard that phrase before, but it's worth repeating when it comes to hiring contractors. Unlicensed contractors usually bid lower, appealing to those trying to save a little – but the bargain may not be all it seems. When a …
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4 Security Deposit Tips for Smart Landlords
Security deposits are funds you hold in case there’s more than typical wear and tear to your property when a tenant moves out. The amount you charge for a security deposit matches the risk of the tenant, which you find out during the background and credit check. A security deposit is supposed to …
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Landlords: How to Handle Damage to Your Rental Properties
Property damage. They’re two very simple words that make a landlord cringe. It can happen at any time, day or night, when a property is occupied or vacant. Two of the most common and potentially devastating causes of property damage are leaks and flooding. Here are steps we take to recover from …
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