Many landlords have strong feelings about tenants keeping pets in their rentals. Some landlords are against having pets on the property because of the potential for damage or liability issues; some may be willing to negotiate their pet policies on a case-by-case basis. Other landlords may be pet lovers themselves or recognize how allowing pets… Read more »
Posts Categorized: Property Management
Apartment Fire Prevention
Did you know cooking is the leading cause of apartment fires and fire-related injuries? Nearly half of all home fires start in the kitchen, resulting in approximately 10% of residential fire deaths in the United States. Apartment fires, whether caused by cooking or an electrical fault, can spread rapidly and put the lives of other… Read more »
Rental Property Bookkeeping & Accounting 101
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 »
Protect Your Investment by Learning How to Spot Fake Pay Stubs
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 »
How to Handle Tenant Property Damage
Owning a rental property can be an exciting business opportunity, especially if you have responsible tenants who take good care of the home and pay their rent on time each month—but sometimes things don’t go as planned. You might find an amazing tenant, or you might end up with someone less than ideal. They may… Read more »
Can Landlords Install Surveillance Cameras at Their Properties?
Landlords put a lot of time and energy into their rentals, from finding tenants to keeping the property maintained. As the core of your business, it’s important to make sure your rental stays safe. One of the easiest ways to see what’s going on at your property at all times is to use surveillance cameras—but… Read more »
Is Your Rental Considered an Investment Property or a Business?
Landlords Property Managers Contact TSCI Tax season is on the way! If you’re a newer landlord who rents a single-family home, apartment building, or vacation property, you may be wondering how to handle your taxes this year. To ensure you’re receiving the proper deductions, you’ll need to determine whether your rental property is considered an… Read more »
How to Successfully Raise the Rent and Avoid Losing Good Tenants
Landlords Property Managers Contact TSCI If you want a better return on your rental investments, it’s important to understand how to tactfully and effectively raise the rent—without rocking the boat with loyal tenants. Rising property costs, as well as turnovers, can eat away at your profits over time. Before raising the rent, you’ll need to… Read more »
Wear & Tear Vs. Tenant Damage: A Complete Guide for Landlords
Landlords Property Managers Contact TSCI When a tenant moves out of your property, there’s a good chance that they won’t leave it the way they found it. If there’s obvious damage, like holes in the walls, you’ll be able to deduct the cost of the repairs from their security deposit. However, landlords cannot retain any… Read more »
The Top 10 Long-Term Real Estate Markets to Invest In
Have you been thinking about investing in real estate? Traditionally, real estate has been seen as an effective hedge against inflation; when the price of goods and services go up, so do property values. However, with everything from fix and flips to turnkey properties and Airbnb rentals, you may be wondering what type of real… Read more »