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As a landlord, you may face a tenant who fails to pay rent on time. It's an unfortunate reality that not all tenants will be responsible with their finances, and sometimes, you may find yourself in a situation where the security deposit isn't enough to cover the unpaid rent. This can be a frustrating and stressful experience for any landlord, but it's important to know that you do have options. In this article, we'll explore what to do if the deposit doesn't cover unpaid rent, including legal steps you can take and alternative solutions that c…

While many landlords prefer to find long-term tenants, month-to-month leases are a great option for property owners looking to rent their property without a long-term commitment. If you’re a landlord considering a short-term lease, it’s important to be well-informed before deciding whether you’ll be renting out your home on a month-to-month basis. Luckily, we’re here to help! This article will outline the pros and cons of short-term leases so you can decide if a month-to-month lease is the right fit for you. What Is a Month-to-Month Lease? A m…

It’s every landlord’s dream to land great tenants. Great tenants are respectful, care for their rented premises, abide by all rental policies, and pay rent on time. However, great tenants aren’t something you stumble upon. They come by design! In this blog, you’ll learn 7 tips on how you can find great tenants for your rental property. Get to Know Your Target Renter Know who your target tenant demographic is for your rentals. Is it students, families, or professionals, for instance? Knowing this will help you craft a rental ad that speaks dire…

There are several reasons why you could choose to become a long-distance landlord. Maybe you have to move for work, you can decide to lease your current house instead of selling it. Or perhaps you found a fabulous new investment venture in another city and choose to be closer to it. Whatever the circumstance, being a long-distance landlord is doable. That said, there are some tips that you’ll need to know in order to find success. You can deal with your investment properties from a distance to expand your portfolio by utilizing the strategies l…

As a rental owner, you’re bound to come across tenant damages. However, you can take proactive steps to reduce the damage caused by a tenant when it occurs. This article provides useful tips for mitigating the tenant damage you may face in the future. Set Up a Proper Tenant Screening Procedure If you perform an extensive tenant screening, you’ll be able to filter out the problematic tenants from contention. Check their references and call up previous landlords. The more information you can learn, the better. It’s important to learn how tenants …