I've recently made the decision to stop taking security deposits. I know, I know, I'm crazy, right? Clearly, I am a little bit, but I have some solid business reasons behind it. Why Landlords Take Security Deposits We all know that tenants can do some pretty terrible things to a property. Destroying appliances, smashing walls and [...]
You've finally experienced what every landlord eventually goes through - your tenant is withholding rent.
Refrain from changing the locks and tossing their stuff in the street...for a few minutes at least.
It is essential to be an amazing landlord if you want to be successful landlord. It costs a lot to attract and keep good tenants and the cost of removing bad tenants can be exceptionally high.
Learn how to be a great landlord and keep your tenants happy.
I often hear that people don't want to buy rental property because they don't want to deal with tenants, leaky toilets, and late night calls. Nobody enjoys dealing with that! The thing is, it's frustrating to deal with that, but it's even more frustrating when those problems are caused by your tenants on your property. Everything they do wrong costs you money, that's why it's so frustrating...
The roof leaks and damages some expensive furniture; The tenant slips and falls in the hallway; Someone gets bit by a dog. All these scenarios can and do happen. Renters insurance is very under utilized but it is also one of the most affordable things that can protect the tenant and the rental property...