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One of the many responsibilities landlords have is collecting payment. And while it can appear easy, it often isn’t a walk in the park. Late or missed rent payments can become a regular thing, especially if you rent to the wrong caliber of tenants. Having a good method to collect rent payments is one way of ensuring tenants pay rent on time, every time. Also, the right method will ensure you are able to keep track of all rent payments for easier record-keeping. In this article, we’ll look at the various different options for collecting rent p…

Having long-term tenants greatly depends on the relationship a landlord fosters with their renters. You need to be there for your tenants and care for their needs if you want them to feel valued and appreciated. You cannot wholly rely on the condition of your property and its amenities to keep them happy. If you can listen to a tenant's needs, help them adjust to the property, and make sure that they understand the terms of the lease as well as their rights as a tenant, you’re more likely to see them become long-term tenants. In this article, …

Buying an investment property in New Jersey is the first step to generating passive income. Next, you’ll need to ensure that you rent to a great tenant. But how exactly do you find a great tenant to rent your property? By having a thorough tenant screening process. Today’s blog will take you through everything you need to know about screening tenants. Know What Kind of Tenant You Want Begin by thinking about the kind of tenant you want to rent your New Jersey rental property to. Once you have something in mind, think of some criteria that wil…

Regular and comprehensive inspections are a vital part of property ownership and leasing. It’s the basis for repairs and property maintenance and also ensures that the property remains in tip-top condition. This post will help advise landlords on why inspections are necessary, the frequency at which they must be conducted, how they help avoid maintenance emergencies, and their benefits. The Need for Inspections You have likely places substantial resources to acquire your New Jersey property. And similar to any other investment, it’s important t…

Opening your rental property to tenants who own pets can present both advantages and risks. You need to weigh the impact and determine whether being a pet-friendly rental is suitable for you. As a property owner, if you do accommodate renters with pets you need to include a pet policy in your leasing agreement. This post provides information to consider when deciding whether or not to welcome tenants with pets in your rental space. Advantages of a Pet-Friendly Rental Initially, landlords may be opposed to allowing pets in their rental propertie…