SherRon Marcek 
Do landlords have to pay interest on security deposits? That depends on where the rental property is located. Let’s take a closer look. A security deposit is any amount of money a tenant pays to a landlord beyond the first month’s rent and other move-in fees. It is usually equal to one month’s rent but …
Social media has become increasingly popular for rental listings. It’s a good way to reach people looking for rentals, but it also helps potential renters learn more about what you have to offer. In a world where most adults spend well over two hours per day on social media, it makes sense for property managers …
One of the most important tasks rental property owners and managers face is setting quiet hours for tenants and guests. Because there are so many different circumstances at play, it can be difficult for a property owner or manager to know what’s appropriate for their situation. Quiet hours can have a big impact on the …
The nation’s three major credit bureaus have announced plans to overhaul how they handle medical collections reporting, wiping tens of billions of dollars in debt from U.S. consumers’ credit reports. Additionally, these changes impact how paid collections impact a person’s credit score. The announcement of these changes comes from the Consumer Financial Protection Bureau’s (CFPB) …
If you’re a landlord, you’re bound to run into disputes with your tenants. It’s pretty much inevitable. As a property manager or landlord, what can you do to handle tenant disputes and be fair to each party involved? Here are some tips for dealing with the most common tenant disputes. How to Handle Tenant Disputes: …
Are you considering becoming a private landlord? If so, it’s important to understand what the job entails. It’s good to ask yourself some key questions before committing to this career path. The first thing you need to ask yourself is why you want to become a landlord. Making money is the most obvious reason, but …
If you’re a landlord, you get to decide whether to self-manage your rental property or hire a property manager. You already have enough on your plate, especially if you manage multiple properties. While hiring a property manager can help free up your time and give you peace of mind, it will also cost you some …
As a landlord, how often should you raise rent? Setting the right rent amount for your rental property can be tricky. You want to earn as much as possible, but you also want to attract tenants who will be responsible and pay on time. In general, we recommend raising rents annually at the rate of …
If you are investing in rental properties, properly recording each expense and all income is key to effective budgeting and tracking, managing your accounts receivables, and allocating capital for further investments. You must track rental property expenses. By doing so, you’ll be able to determine the profitability of each property on a monthly basis and keep …
Tax deductions for landlords can greatly reduce your total tax liability. In other words, you can lower the amount of money you owe to the federal government and get a discount on your taxes. Landlords can deduct some of the expenses associated with owning rental property. However, there are limitations. There are two types of …
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.
