David Paxton 
Introduction Should You Write a Landlord Recommendation Letter? When it comes to providing a recommendation letter for your tenant, you may be wondering if it’s a good or bad idea. Given the importance of selecting the right tenant, there are some things to consider. Factors to Consider When Writing a Landlord Recommendation Letter A landlord …
Estoppel Certificate Basics To understand the basics of estoppel certificates, look no further. With this solution, you will dive into the definition, legal significance, and purpose of estoppel certificates or letters. Knowing these sub-sections will equip you with a foundational understanding of this important legal document. Definition of Estoppel Certificate An Estoppel Certificate is a …
The feasibility of making rent payments with a credit card has been a topic of discussion in recent times. While this may be possible, not all landlords accept credit card payments. Renters can employ several methods to make their rent payments, including direct deposits and checks. However, if their landlords’ policies permit it, renters may …
What is Cap Rate? Cap rate is a must-know for real estate investors. It’s the ratio of net operating income (NOI) to market or purchase price. It’ll tell you how profitable a property could https://www.payrent.com/articles/net-operating-income-calculator-noi/be and help compare investments. Grasping it leads to better decisions, giving an accurate picture of worth over asking price. Formula: …
What is a Squatter? Squatters are individuals or groups who take up residence in a property without the owner’s permission. They can be found in urban and rural areas and may want affordable housing or be involved in criminal activity. Under certain conditions, squatters have legal rights, such as openly squatting or claiming adverse possession. …
Section 8 housing is a type of rental housing that’s subsidized by the government. Section 8 was established in 1965 as part of Lyndon Johnson’s War on Poverty and has been around ever since. It ensures that low-income families have access to safe, decent housing, regardless of whether they can afford it. Very few people …
A Rent Zestimate® (pronounced Zest-ti-met, rhymes with estimate) is Zillow’s estimated monthly rent price, computed using their proprietary algorithm. It is a starting point in determining the monthly rental price for a specific property. The Rent Zestimate is pulled from public property data and similar local properties listed for rent. There may be special features, locations, …
If you’re a landlord, you’ve probably heard of the term “tenant improvements.” If not, that’s OK! We’re going to break it down for you: what is a tenant improvement and why your tenants will ask for them? What are Tenant Improvements? Tenant Improvements are modifications to a commercial space that are made specifically for a …
Debt service coverage ratio is a financing term that describes the relationship between a property’s operating income and its total debt. A high ratio indicates that a property has sufficient income to cover its debt payments, while a low ratio means that the building may need additional funds to pay off its debts. For example, …
A duplex is a type of residential building with two dwellings, sometimes located on the same lot. A duplex home is typically used to accommodate two families in one building, but it can also be used as a means to split up into separate living spaces. In some cases, one half of the home may …
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.
