Rental Property Bookkeeping & Accounting 101

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If you’re a busy landlord, you may be tempted to let your accounting fall by the wayside—but did you know that 82% of businesses fail because they don’t manage their cash flow well? Although bookkeeping tends to take the back burner, it’s crucial for the success of your business. Fortunately, setting up an efficient accounting… Read more »

What You Should Know About Rental Application Fraud

Posted by & filed under Rental Housing.

Tenant application fraud has always been a problem in the rental housing industry, but it’s been on the rise since the start of the pandemic. One survey conducted in 2021 found that 55% of property managers experienced rental application fraud every few months, with 15% dealing with multiple fraudulent applications each month. To help you… Read more »

The Top 10 Tenant Red Flags to Watch For

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Everyone wants a tenant who pays their rent on time and is respectful of the rental property—but sometimes you might need to go through several applicants before you find the right fit. Although tenant screening is the best way to quickly eliminate problematic applicants, there are some red flags that can also help you avoid… Read more »

Protect Your Investment by Learning How to Spot Fake Pay Stubs

Posted by & filed under Property Management.

Most prospective tenants are honest when filling out their rental applications; unfortunately, this isn’t always the case. Many landlords have discovered that applicants included falsified information in their applications. Fake pay stubs are one of the most common falsified documents rental applicants submit, so it’s important to know how to verify their authenticity. To help… Read more »