
Should I Rent My House Furnished?
Are you preparing to rent out a property? Staying competitive in the market requires you to make vital decisions about to present your property to prospective tenants. When renting out your property, there are a few key questions you should ask yourself before starting the process. One of these questions is whether or not you want to rent your house furnished. The answer depends on many factors like location, availability of furniture, local laws and regulations, and demand for short-term rentals versus long-term ones. If you're unsure and need…
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What to Include in a Rental Agreement
Rental agreements are not the same across the board, although many similarities exist since there are basic terms and conditions covered in all leases. The contracts must remain compliant with state laws and local regulations, which is another reason why the same information can be showing up from one rental agreement to another. Keep reading to find out about some of the things you should include in your rental agreements. Names of All the Renters All the names of the occupants staying in your rental unit must be written down on the lease. Ev…
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What Exactly is “Normal Wear and Tear”?
A huge part of what inspires renters to stay for the long term is living in a well-maintained rental property. It’s in the best interest of the landlord to keep checking for property damage regularly. If damages are found, you need to be able to assess whether it’s due to normal wear and tear or a result of tenant abuse or neglect. To help you understand the difference between the two, keep on reading! Why It’s Important to Learn About Normal Wear and Tear Landlords must know how to identify damages caused by normal wear and tear because it’s…
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Becoming a DIY Landlord? 8 Mistakes to Avoid
While the rewards can be lucrative, being a DIY landlord can be anything but easy. Between finding great tenants and collecting rent, maintaining the property, and staying legally compliant, the responsibilities that come with being a landlord can feel stressful. There are certain mistakes, that if you avoid, you’ll be more likely to succeed. The following are 8 mistakes to avoid: 1. Not Having a Written Lease Agreement in Place A lease agreement is a legally binding document between a landlord and a tenant. It ties a tenant to certain obligat…
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The Benefits of Renting to Tenants with Pets
Renting to tenants with pets can provide a range of benefits for the landlord. That said, landlords should ensure they’re prepared for this type of tenancy by familiarizing themselves with pet-related laws and regulations. Additionally, landlords should consider implementing a pet policy that outlines the responsibilities of the tenant to ensure the property is taken care of. Overall, renting to tenants with pets can benefit all involved when appropriately managed. This article offers facts to take into account when determining whether to allo…
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