Tips, Resources and Best Practices for Landlords

smart technology

Should You Install Smart Technology in Your Rental Property?

Just as people are using technology to make their own lives easier, landlords are using smart technology to make their rental properties run more efficiently. From security cameras and motion detectors to thermostats and appliances that can be controlled remotely, there are a number of ways to use technology to improve your rental property. But …

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renting to family, renting to friends, renting to friends and family

Tips for Renting to Family and Friends

Renting a home to tenants can be a great way to earn some extra income on a very flexible schedule. The funds you earn from renting your property could even go toward investing in more properties, effectively increasing your yearly earnings significantly over time. Most landlords rent their properties to people they don’t know personally …

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Raise the rent

When, Why, and How to Raise the Rent

As a landlord, you set your rent prices at specific amounts based on factors like property value, maintenance costs, your own income needs, and the average costs to rent similar properties nearby. However, just because you’ve set the perfect rent price once doesn’t mean it should stay at that amount forever. Landlords and property managers …

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eco-friendly rental properties

Eco-Friendly Rental Properties: How to Greenify Your Rental

Many of us are finding ways to be more eco-friendly in our own lives in order to protect the health of the planet. This includes reducing plastic consumption, recycling when possible, and watching our water and electricity usage. Did you know that as a landlord, you could be taking steps to make your rental property …

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Ratio Utility Billing System, RUBS

What Is a Ratio Utility Billing System (RUBS)?

If you own a single-family residence with utility usage that is separate from the other properties in the area, the way in which your tenants are charged for utilities is straightforward and unaffected by any nearby residents. However, if you’re in charge of multiple units within a single building, such as an apartment or condo …

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summer rental property maintenance

Summer Rental Property Maintenance

It’s important to keep up maintenance tasks on your rental property throughout the year. This ensures that your tenants are comfortable and well taken care of, your property remains at legal living standards, and you catch any issues or repair needs early on. What if your rental property is only or mostly used during the …

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Lawn maintenance on a rental property

Who is Responsible for Lawn Maintenance on a Rental Property?

Whether you’re a landlord or a renter, it’s important to understand your obligations for lawn maintenance on a rental property. During the lease signing, the landlord and tenant should go over these terms to make sure both parties agree. Addressing this issue upfront can help avoid awkward situations later. Who Is Responsible for Lawn Maintenance …

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Marijuana on Rental Property

Know Your Rights When Tenants Use Marijuana on Rental Property

Most people have strong feelings about marijuana use, and that includes property owners. If you’re concerned about your tenants using marijuana on rental property, you’re not alone. Many property owners share similar concerns.  You may be able to legally prohibit the use of marijuana on your property, but this requires learning more about the laws …

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low-cost upgrades,

Low-Cost Upgrades You Can Make to Your Rental Property

As you prepare a vacant rental unit for new tenants, you might want to make low-cost upgrades for rental properties. Simple changes can attract better candidates. You will have to leverage the benefits of those upgrades against the costs associated with making them.  While undertaking a large renovation is costly and should be done rarely, …

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pools and hot tubs on rental properties

Pools and Hot Tubs on Rental Properties

Whether you’re the property owner or the tenant, there are few reasons to consider installing pools and hot tubs on rental properties. When the tenant takes the time to create a well-developed proposal for this type of property enhancement, the landlord or property owner will be better prepared to decide on the request. Handling the …

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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.

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