Keeping your rental units occupied is a priority; however, not all tenants are good, so you want to choose wisely. Some are problematic: late with the rent, disruptive to neighbors, destructive with property, etc. Once bad tenants are in, they could be there a year unless you evict them; however, that takes weeks and could cost thousands …
While you want to fill rental spaces promptly, you also want good tenants who stay. Bad tenants are late with the rent, damage property, and bother their neighbors. Moreover, it can take up to 12 months to clear them out if they follow the letter of their lease. According to a TransUnion survey, evicting a …
Real estate investors have long debated whether single-family homes or multi-family homes are the better investment. A single-family home is just what it sounds like, a traditional house for a single-family. A multi-family property houses many families in apartments, duplexes, triplexes, or condos; owners hold the property and rent it out. For many investors, investing in single-family …
Landlord thermostats are a style of thermostat that landlords can install in apartments to remove control of the apartment’s temperature from the hands of the tenants and place it firmly under the landlord’s power. While landlords may find this appealing for some reasons, many tenants are not so keen on losing this control. Although these …
As a renter, when you start looking for somewhere new to live, you need to let your current landlord know that you’re moving on. As a landlord, you may decide that you’re ready to end a relationship with a particular renter, you’ll also need to provide notice. The easiest way to do this? Draft a …
When a tenant moves onto your property, you are required to help them uphold a particular quality of life. That means offering your residents ready access to unit maintenance. That said, it is just as important to ensure that you and your janitorial contractors get protection from tenant misuse. A maintenance request policy makes it …
Life isn’t always easy, and sometimes we make mistakes. Unfortunately, these mistakes can sometimes show up as tenants paying their rent late. Landlords must treat late payments with an even hand, in a businesslike way, and clarify the situation for tenants, so there is no confusion. Giving notices of past-due rent matters for both landlords and …
Looking to maintain your good credit or increase your credit score to “good” or “excellent?” If you’re a tenant, don’t assume that your rent payments can’t help you with your credit score because they can! Times have changed. According to Census data, in the first quarter of 2020, 34.7% of homes were rented. This number …
These days a good credit score will open doors to many opportunities and discounts, but building a good score takes considerable time and effort. Home-owners reap the benefits of making their mortgage payments on time, but what about renters? Does paying rent build credit? Let’s take a look. What is credit, and why does it …
Boats, jet skis, and other boathouse rentals have risen in popularity over the past year. As people look to explore their outdoor opportunities, you have the chance to provide them with the supplies they need. If you want to upgrade your boat slip rental management, consider the benefits of your industry’s new digital elements. When you …
PayRent is on a mission to build a rent collection app that fosters a positive and productive relationship between renters and landlords. We focus less on transactions and more on the people behind them.
