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Tips for Renting Out to Students

student in apartmentIf you own rental property in a college town, chances are a large majority of your clientele is going to be college students. While this does mean that you’ll always have a steady stream of candidates for renting, it also means that you’re likely to see heavy turnover and difficulty in keeping your property occupied during the summer months. Plus, there is the added risk of heavy partying causing damage to your property. If you own rental property that sees a great deal of use by college students, here are some tips for renting to students in a way that benefits you as a landlord. (more…)

Establishing a Versatile and Durable Rental

empty apartment

Aside from keeping appliances updated, bathroom fixtures functioning properly, and perfor

ming other standard forms of maintenance, it’s important to establish a rental property that is both welcoming and versatile for incoming renters. This means accenting a rental space with small touches like window treatments and fresh paint. When adding these final touches to a rental space, it’s important to think in terms of “house” rather than “home”; you aren’t decorating a space to suit your own personal taste, and those who rent from you will want something neutral that allows them to customize their living space. Here are some fundamental guidelines that property owners tend to abide by when it comes to preparing their rentals for incoming renters. (more…)

Moving Supply Checklist for Renters

moving boxes

Moving from one rental to another can be daunting, and with a little preparation beforehand with the right supplies, you can make the pro

cess a great deal easier. Here is a list of moving supplies that will come in handy as you move out of your rental. (more…)

Catch Their Eye: Making your Rental Property Appealing

Paint your rental unitDo you have an apartment or home listed for rent, but the phone never rings? Perhaps it’s time to pull out some old renting tricks; in this case, making your property visually appealing. This isn’t a matter of cutting corners or extensive remodeling! Rather, it’s like baiting a hook: put the right features on your listings and you’ll get a bite in no time. (more…)

Finding a Place to Rent: Tips and Ideas

Finding a place to rentIf you’re looking for a place to rent, there’s a lot more to consider than the cost of monthly rent. Start by making a list of things that you’re looking for in a rental unit. This will help you narrow down your search according to the budget you have set regarding rental payments. Here is a list of potential things to look for when determining if a place is a good fit for you. (more…)

Should You Invest in Rental Properties?

Rental InvestmentIn an economy like this one, investing in rental property looks good to some and risky to others. People worry that they won’t find anyone to consistently cover the rental costs, but one plus to a down economy is that fewer people buy homes. Renting becomes a preferred option in many cases. It’s a good option for potential landlords, too, because there are tax credits associated with renting out property to tenants. (more…)

I’m Moving – Should I Rent Out My Old Home?

Renting Your HomeYou’re moving to a new city—but what happens to your old home? Trying to sell homes in the current economy can be a challenge, so perhaps consider keeping the old house and putting it on the market for potential renters. Not only will you now have cash flow from the investment, but you’ll also have other benefits from holding onto the property. (more…)

Contract Red Flags

Rental applicationRenting property and signing a lease agreement go hand in hand. It’s acceptable and encouraged protocol to protect both you as a renter and the landlord as a property owner. There are some things you should look out for before agreeing to take on a rental contract, and it’s a good idea to go through the entire document with a red pen, just in case something alarming pops up. (more…)

Avoiding Rental Scams

Man holding a model home and a house keyHave you run across a really great deal on a rental property, one that has everything you’re looking for and is well under your budget? Well, if it sounds too good to be true, it probably is, to use the common phrase. Rental scamming has become a major problem in the modern world, as the internet makes it easy for scammers to advertise, collect, and disappear, with no intention of ever making good on their promises. Watch for these warning signs before making any plans or agreements. (more…)

Tenant Eviction: Don’t Do-It-Yourself

Close up of a rental agreement contractHaving trouble with a problem tenant? Or are you wondering what you would do in the event of a tenant who wasn’t following through on a contract? Before you consider forcing a tenant to leave because of late rent payments or untidiness, get in touch with a rental property manager. Having assistance with the eviction process can save you legal strife, because there are a lot of rules that you may not know.

Grounds for eviction and the process are different in every state. In no state are you allowed to forcibly remove a tenant’s belongings from the property and toss them into the street or the driveway, no matter how frustrated you are with the people. Nor can you lock tenants out, turn off utilities, or do anything else to make them leave. Even if you handle the problem in a rational manner, getting tenants out involves a good amount of legal headache, and doing it alone makes the chance of mistakes rise. (more…)