As a landlord or property manager, you will find it extremely common to have to modify leases and rental agreements to accommodate your tenants. Sometimes, you are asked to remove a tenant because she has to move away; other times, you may need to add on a tenant.
You will find that this happens very frequently in so-called “college towns.” The in- and outflow of students can be a bit overwhelming at times. However, it is a fact of life and a part of the business. Roommates who grew up together and have been friends for decades may find that they cannot live together. They may argue loudly and bother your other tenants or they may have physical altercations that put other tenants at risk of bodily injury.read more
There are many strategies and methods you can use to find an outstanding property manager. You owe it to yourself and your company to find a quality property manager. Here’s how.
One thing you can try that bears fruit almost instantly is to check around with real estate agents you may know. They are often great sources of information regarding property managers and they are also expert networkers.read more
As a landlord or property manager, you have various specific and general responsibilities when it comes to all aspects of your rental properties. Everything, of course, hinges on what has been agreed to in any rental agreement or lease; those written contracts supersede what has been traditionally taken care of by landlords and renters.
When it comes to property maintenance, there are dozens upon dozens of things to consider. From light bulbs to exterior painting and everything in between, the level of responsibilities shared by tenants and you is negotiable.read more