One of the best moves you can make as a landlord is keeping detailed records of your expenses to reduce the tax liability on rent income. Of course, depreciation is a significant expense. Even before a property exceeds the 27.5 year depreciation period, you want to use all the expenses Read more…
While criminal background checks have long been a part of the tenant screening process for landlords, recent legislation in some parts of the country has banned inquiries into potential tenant’s criminal backgrounds. These provisions are aimed at helping ex-convicts find housing after a criminal conviction, a key component of successful Read more…
When screening potential tenants, it’s important for landlords to know all relevant housing laws so that they don’t unknowingly violate federal, state, or local laws or rental discrimination. As a baseline, all landlords should be familiar with federal housing laws. However, because some states and cities have additional laws that Read more…
When moving into a new rental property, there are many logistics for tenants to consider. Amidst the many tasks and responsibilities, it can be easy to overlook some of the key processes that tenants should be prioritizing during move-in. To help you avoid that common problem, here is a tenant Read more…
This winter, as the novel coronavirus began to take hold of the country, many states, cities, and counties acted quickly to minimize the impact of the crisis on tenants, including placing moratoriums on evictions, holds on shutting off utilities due to nonpayment and prohibiting late rent fees. The federal government Read more…
COVID-19 has presented some surprising situations that you’ve likely not seen as a landlord before, including some tenants refusing access to their units for property maintenance. Out of concerns over risking infection or exposure, and in compliance with social distancing or shelter-in-place, it’s completely understandable that tenants would be concerned. Read more…
During a time of such uncertainty, you’re likely trying to grapple with not only how to protect your health and family, but also your business. To protect your tenants and the community, you may have found yourself wondering what restrictions can you enforce on your property Building Access During COVID-19. Read more…
As COVID-19 continues to paralyze the social and economic prospects across the country, people are losing jobs and income, so here are the best practices for handling Rent Collection During COVID-19. A record number of people continue to file for unemployment, with each week’s numbers higher than the last. A Read more…
If you’re a landlord who finds him or herself with a lapse in tenants right now, you may be panicked when it comes to Renting Your Property During Social Distancing. As we’re all figuring out how to navigate these new circumstances of a global pandemic, we have to reinvent processes Read more…
During the global pandemic, it seems like everything is uncertain. If you’re managing a short-term rental property during COVID-19, you’ve likely felt this more acutely than you might with a long-term tenant. With “stay home” orders in place throughout the majority of the country and world, your bookings may have Read more…