The best way to protect your rental property is to stay on top of routine maintenance and repairs with yearly rental inspections. Just like with your car – routine maintenance and inspections can head off any future problems and expensive repairs. Regardless of whether you have a new tenant or someone trustworthy who’s been in …
Do your tenants call you at all hours complaining about loud neighbors or the garbage pick-up day not working for them? Do you find yourself muttering about what isn’t working with your tenants? Are you chattering to yourself about how hard being a landlord is, and only if you had more time and fewer headaches …
Do you know what your most valuable resource is? Value is an assessment of what is scarce. So, your most valuable resource is your time because it’s limited, and you can never get it back once you’ve spent it. When it comes to managing a property, or any business, being efficient and effective with your time …
Whenever you have a vacancy, your goal as a successful landlord is to attract a wide pool of quality applicants for tenant selection. The process starts with creating a stellar rental listing that makes the attributes of your property shine. Once you have a strong ad, you can list your property on many of the …
It’s inevitable that at some point, you’re going to have to raise the monthly rent on your rental property. Determining how much you raise your monthly rates and informing your tenants of the increase will need to be done delicately. It will also take some due diligence on your part. When to Raise the Rent …
Long-term and short-term rentals each have benefits and drawbacks for both landlords and tenants. A short-term rental is one that is rented anywhere from one evening up to one month. Long-term rentals are those that are leased for one month or longer. So which one is right for you? Here’s what you need to know …
One of the biggest fears that landlords face is the vacancy period in which their rentals sit empty. This is often followed by a second fear, which is a high tenant turnover rate. The average turnover rate is currently 47.5%, and although that’s the lowest level in 20 years, it’s still extremely high. Every time a …
Tenants and landlords need to understand that a rental lease agreement is a legally binding contract. When renters sign leases, they usually have every intention of staying in the rental through to the end of the lease term. However, life may have other plans. It isn’t easy to break a lease, and legal consequences may …
If you are interested in earning a bit of extra cash, you might be thinking about renting out a room in your house. This kind of arrangement can benefit homeowners and renters alike. Homeowners can put their extra space to good use and make some cash, while renters can have their own private space without the …
Mientras los inquilinos de ingresos medios y bajos luchan por pagar el alquiler más de un año después del comienzo de la pandemia global COVID-19, los estados y el gobierno federal han financiado varios programas para ayudar a los inquilinos. A continuación, se incluye una guía de recursos en todos los estados y territorios de …
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.
