Landlords and tenants have several responsibilities when they enter into a lease agreement. The most basic task a tenant has is to pay their rent. When property owners find themselves in a situation where the tenant fails to pay rent or perform specific obligations in their lease, eviction is often the recourse that is taken. [...]
I’LL SUE YOU! When Tenants Go Bad
September 17, 2008 By Leave a Comment
By Bomani J. Sundai Every Property Manager or Owner will hear those three words sooner or later – “I’ll Sue You.” Sometimes it’s a good resident gone bad and sometimes it’s a bad resident whose time has come. Either way they have now become your headache. It is up to you to minimize the damage [...]
You Must Have Professional Property Management
September 15, 2008 By 5 Comments
By Gustave E Tucker & Kent A Stephens Once an investment property has been acquired by the investor, effective property management is the key to making the investment payoff financially. This brief article will focus primarily on the overall role of the Property Manager with a focus on the tenant selection and management process. What [...]
10 Tips for Profitable Tenant Screening
September 8, 2008 By 2 Comments
By Danielle Pierce In theory, renting out a house or an apartment appears to be a relatively simple task to accomplish. After all, lease agreements can be purchased at any local office supply store or simply downloaded online. There are multiple ways to locate tenants including running ads in the local newspapers, posting “For Rent” [...]
Landlord Nation: Pros & Cons Explained
September 3, 2008 By 1 Comment
By Freddie Taylor According to Merriam-Webster’s online dictionary, a ”Landlord” is the owner of property (i.e., land, houses, or apartments) that are leased or rented to another. The term “landlord” is from feudalism, the system of political organization with strict division into social classes and a formalized landholding system. Under feudalism, Overlords granted use and [...]
