When it comes to rentals, subleasing vs subletting can be considered similar processes. However, they actually have distinct purposes, depending on several factors. One could be better in certain situations compared to the other. But what makes them different? What Is Subleasing? You can describe subleasing as the practice of rerenting a property by…
Tenant Damages Property: Steps To Take And How To Recover Costs
Renting out a property can be a rewarding investment, but it comes with risks—one of the most common and challenging being tenant damages. Sooner or later, you’ll come across situations where a tenant leaves behind more than just memories. Understanding Tenant Damages Property When a tenant damages property, you will have to identify what’s…
Are Virtual House Tours A Must Now In The Real Estate Industry?
Virtual house tours have become a must in the real estate industry. They have transformed the property buying process and landscape, helping it adapt to modern technology and sensibilities. What Are Virtual House Tours? Real estate virtual open house tours showcase a 3D plan, rendering, or video of a property that is being sold…
Rent Collection On Holidays: Landlords Should Plan Ahead
Rent collection on holidays can be troublesome for many landlords, as they face many challenges in collecting them on time. Since these days are usually the busiest in the year, it may impact the priorities of both landlords and tenants, causing delays in handling holiday rent. Common Holiday Rent Collection Challenges Collecting rent during…
Everything You Need To Know About Lease Renewals
A lease renewal is a common part of renting. It offers tenants and landlords a chance to continue the tenancy. If a tenant’s lease term will end soon, it’s important to know how the lease renewal process works. In doing so, you can avoid confusion and misunderstandings. What is a Lease Renewal? A lease…
Rent Payment Methods Landlords Should Offer Tenants Apart From Cash
Cash is a popular way to collect rent in the United States. However, while it may be liquid, cash payments are not always reliable. Renters may easily default on the payment. They are also prone to human error. What other rent payment methods should landlords consider? Why Offer Other Rent Payment Methods? Offering various…
What Does A Landlord Look For In A Credit Check?
Credit checks are handy screening tools that provide landlords with more insight into the tenant’s financial history and responsibility. What does a landlord look for in a credit check? Should tenants have a certain credit score or history to find a place? Let’s find out. Why are Credit Checks Important? Credit checks are an important…
Why Decline A Tenant And How To Do It The Right Way
Landlords typically receive several tenant applications for their rental properties. As you might expect, landlords cannot accept multiple applications for one unit. They have to choose a rental applicant and deny the rest. How can landlords decline a tenant according to the law? What are the best practices? Let’s answer these questions below. Valid…
Can Tenants Get The Boot When Smoking In Apartments?
Smoking in apartments is a contentious issue that has caused many disputes between landlords and tenants. However, both federal and state laws have something to say about smoking — even in private spaces like rental units. In addition, landlords may prohibit smoking under the rental agreement and an apartment smoker will face consequences should they…
Fair Housing Violations Landlords Should Steer Clear Of
The Fair Housing Act exists to eliminate discrimination when it comes to housing accessibility. It applies to housing providers, including landlords and property managers. What fair housing violations should you be aware of? Let’s find out. What is the Fair Housing Act? The Federal Fair Housing Act (FHA) protects people from discrimination regarding the…
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