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Real Estate

Best Amenities to Offer Student Renters

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Student housing is a extremely profitable market and students tend to make great tenants because of their relatively little renting experience. They have little frame of reference and are often more easy going than other groups. Choosing where to live as a student often comes down to which apartment offers the best amenities and which one is closest to campus. Here are a number of amenities you can offer to your student renters to ensure they will choose your property. Laundry Services  When you're a student you don't always have the time or motivation to go to a public laundromat.
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How to Handle Messy Tenants

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Whether you like it or not, at some point in your property management career you will encounter messy tenants. Above all, the fear of messy tenants is that they will damage the unit and bring down the value of your property. Your property is your business and it's easy to take messy tenants personally. Here are a few ways you can handle messy tenants. It can be somewhat difficult to identify which tenants will be dirty before they sign the lease unless you have a firsthand account from previous landlords. A good screening may help to weed out the people
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Can I Pay Rent Without a Check?

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Paying rent each month can be a hassle, especially when your landlord wants you to pay rent with checks. Fewer people carry checks nowadays and it's not always convenient to order them from your bank and wait for them to arrive. You may find yourself asking "can I pay my rent without a check" and rest assured the answer is yes! There are a number of ways you can pay rent other than using checks that are more convenient and far more rewarding for you as a tenant. Paying your rent with checks isn't rewarding but many other methods are!
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The Importance of Fire Safety in Apartment Complexes

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Apartment buildings house many people under one massive roof. People come and go, bring friends and family over or have many kids running around. If a fire broke out, there would be many lives at risk in that building. That is why having a fire safety plan in buildings like apartment complexes are so important. Without one, a small fire could quickly get out of control resulting in severe damage and potential deaths. Whether you are the property manager or renting a unit, staying up-to-date with the buildings fire safety plan is essential for your safety. Below are a few
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4 Tips to Stage the Perfect Apartment Viewing

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Showing an apartment is like meeting someone for the first time - the first impression is everything. People aren't going to spend too long on a viewing so you need to make sure that your apartment looks its absolute best. Here are four things you can do to help rent your apartment quickly and stage the perfect apartment viewing. Generalize the Apartment People want to be comfortable in an apartment they might buy, but they may not want to see too much of a random stranger's belongings. Personal tastes may be too specific and end up turning people off of their
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The Benefits of Paying Your Rent With Your Credit Card

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Your rent is most likely your largest expense each month, so why not use it to your advantage. Paying your rent online makes your life a lot simpler, but paying with your credit card is a great way to not only better your credit score but also reap the benefits of a rewards card. Here are just a few of the benefits of paying your rent with your credit card. Better Credit Card Selection  Certain credit cards have a minimum monthly amount you need to spend, and putting your rent on your card certainly helps you reach this amount. The more
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4 Ways To Prove A Tenant’s Income

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When screening prospective tenants it is important to verify their income. You need to ensure that your tenants have enough money to rent your place once expenses and debt are subtracted from their income. As a landlord, you need to know that the people renting from you have the money to pay for the unit. If they don't have the sufficient funds then you end up hurting yourself in the end. Here are ways that you can verify income from tenants. Bank Statements If a tenant does not have a regular job but does have the money for rent, their
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Why You Should Require Tenants To Have Renter’s Insurance

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Renter's insurance is something that every renter should have, but not all do. This may be because they simply don't know or they don't believe it is worth it. As a landlord, you should include a clause in your lease that makes renter's insurance mandatory. Requiring insurance in your lease will benefit both you and your tenants. Here are some top reasons insurance should be mandatory for your residents. Reduces Chances of Lawsuits  Tenants may be quick to blame you if anything happens to their belongings or apartment. The only way to actually protect their personal belongings is if they
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What to Do if Tenants Stop Paying Rent

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If your tenants think they can get away with not paying rent, then they will. Be sure to outline why paying rent late is really worse for your tenants then it is for you. If you have strict policies set out in your lease that address late fees then your tenants will be less likely to pay their rent after the date it is due. Here are some things to do if a tenant stops paying rent.  Grace Periods Grace periods are created to give leeway to your tenants for monthly rent collection. You should try to limit grace periods
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5 Upgrades for Your Rental Property

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As a landlord, there are many things you can do to increase the value of your property. It is important to regularly make upgrades to your property and keep it current to attract new tenants and satisfy the current ones. Here are 5 upgrades that you can add to your rental property. Add a New Coat of Paint A new coat of paint can really spruce up any room and enhance the value of your rental property. Prospective tenants will be more interested in renting a unit that is well maintained. Every color evokes a different mood, and if you want
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