Flushable Wipes: A Potential Plumbing Nightmare in the Making

Posted by & filed under Property Management.

Flushable wet wipes have become increasingly popular over the past decade or so. Marketed as “plumbing and septic” friendly, it’s easy to see why many consumers have embraced the hygiene product –especially when toilet paper shortages affected much of the nation last spring. Despite their name and how they’re marketed, it’s important to know that… Read more »

Is My Rental Property Considered a Business?

Posted by & filed under Rentals.

Whether you’re the landlord of a single-family home or you own a multi-unit apartment building, it’s important to understand whether your rental is considered an investment or a business because the distinction can have important tax consequences. If you’re considered a business owner, you’ll receive valuable tax deductions that don’t apply to investors. With tax… Read more »

4 Types of Illegal Evictions You Should Know About

Posted by & filed under Property Management.

Although some states still have restrictions on evictions due to COVID-19, many of them have now begun the process of hearing eviction cases again. As a landlord or property manager, you likely know your local eviction laws fairly well. However, there’s been a growing movement over the past couple of years to amend the normal… Read more »

Could Eviction Record Bans Extend Beyond New York State?

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In 2019, New York state passed a law that effectively banned the use of eviction reports for screening rental applicants. The law, which is part of The Housing Stability and Tenant Protection Act of 2019, penalizes rental property owners who deny applicants on the basis of either a pending or prior eviction litigation. The law… Read more »

What to Do When Your Tenant Files for Bankruptcy

Posted by & filed under Property Management.

Eviction is one of the worst-case scenarios for many landlords. It can be a long, taxing process that slowly eats away at your time and money – not to mention the impact it has on an emotional or mental health level. Needless to say, eviction is a situation that most landlords want to avoid whenever… Read more »

10 Tips for Improving Your Relationship with Your Tenants

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Do you have a good relationship with your tenants? Or do you find yourself keeping them at a distance as much as possible? Many landlords underestimate the importance of their relationship with their tenants, not realizing that improving relations can make their job easier and bring greater success. While the tenant/landlord relationship is a professional… Read more »

Tips and Best Practices for Renting a Room in Your House

Posted by & filed under Rentals.

You may not realize it but when you decide to rent out a room in your house, you’re more than just a roommate; you effectively become a landlord. While the rules and regulations regarding roommates can vary based on your location, it’s important to know the details of being a landlord in order to make… Read more »

Fair Housing Considerations during COVID-19

Posted by & filed under Housing.

With things changing rapidly in the rental housing industry, you may have missed the recent statement put out by HUD. The notice, titled HUD Statement on Fair Housing and COVID-19, has several key takeaways that are important to note. Fair Housing Laws Still Stand The first important takeaway is that fair housing requirements, as well as… Read more »

Prevent Tenant Privacy Violations with Effective Communication

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Has COVID-19 made you more concerned about the state of your rental property? If so, you may be considering an inspection. However, before you pay your tenant a visit, it’s important to take their privacy into consideration. Most state laws allow landlords to enter their tenant’s homes under specific circumstances, but they must meet certain… Read more »