The Cost of Utilities for Apartment Tenants and Factoring Them into Your Monthly Rental Budget

With each new apartment, it’s not uncommon for tenants to experience a period of trepidation as they wait to see how much their utility bills will add up to. Utility costs can vary from season to season, based on what part of the country you’re in. Rent is a fixed and transparent monthly expense but apartment utilities like electricity, water, natural gas, cable, and internet aren’t so straightforward.  If these costs are included [...]

Furnished or Unfurnished: Which is the Better Choice for Rental Property Owners?

Rental properties are among the most popular investment options for growing wealth.  One of the key requirements for a successful rental property is making strategic decisions about you’re your rental units offer to prospective tenants. To maximize your potential rental income and return on investment (ROI), property managers and landlords need to consider factors like the property’s location, the rental unit(s) size, comparable rental prices in the area and more. An important decision [...]

What Tenants and Property Managers Need to Know About Fair Housing Laws

Property managers and landlords have a lot of leeway when it comes to approving new tenants for their rental units based on applicants’ credit scores, criminal history, financial background and earnings, and rental history. Nevertheless, the federal government does impose limitations regarding tenant screening practices that are considered discriminatory. There are seven protected classes under the Federal Fair Housing Act. They include: Sex Religion Race National origin Color Familial status Disability Most people [...]

A Step-by-Step Guide to Writing Stand Out Rental Listings That Attract Tenants

When it comes to writing a listing to advertise your rental vacancy, the competition is fierce. Your listing and more than 100 others (on average) are vying for the attention of renters who spend roughly three seconds viewing a listing before deciding whether to investigate further or move on to the next. With your potential tenant pool making such quick, at-a-glance decisions to “yea or nay” properties the burden to capture and hold [...]

Why is Rental Property Management Important?

Rental properties are a good source of income for investors. But managing these properties is not an easy job. Property owners must be on top of many things and daily tenant requests are just one of them. That’s the reason why understanding the ins and outs of real estate property management is necessary. If you’re serious about your rental business, then you must understand that it will require a lot of your time. You [...]

When Can a Property Manager or Landlord Legitimately Deny a Rental Applicant?

Choosing a tenant from an assortment of rental applicants can be a slippery slope for property managers and landlords. In fact, the same can be said for selecting a tenant. Let’s start with the basics. The law is very clear on reasons an applicant cannot be denied tenancy, spelled out in the Fair Housing Laws which forbid discrimination based on race, color, age, sexual orientation, handicap, national origin, religion, gender/gender identity, familial status, [...]

How to Highlight Any Rental Property’s Most Marketable Features

Every rental property is distinct—each has characteristics that set it apart from other rental properties in the area. When it comes to attracting potential tenants, understanding how to bring a property’s unique qualities center stage is the challenge. The good news is, knowing a few simple strategies for emphasizing a property’s unique features requires minimal photography skills and little-to-no budget. Utilizing the following tips, you can also start building your brand with engaging [...]

How to Maintain a Consistent Rental Income Year Round

Investing in rental properties can be a great way to generate steady, long-term income. But don’t get the wrong idea—generating a consistent rental income takes hard work and a proactive approach. To become a successful property owner or property manager, you must run the numbers—and then run them again. You always need to know where you stand with your rental income and do what’s necessary to find the proper balance between revenue and [...]

Holiday Decorating Tips for Renters

If you’re a tenant, living in a rental property doesn’t mean you can’t decorate your home for the holidays. Below are some festive decorating tips that exclude maintenance issues and damage and keep your property manager happy. Some holiday decorating looks are difficult to achieve without damaging paint finishes, walls, or roofs. But the following tips can allow you to go ahead and deck the halls this holiday season. Visiting friends and family [...]

Pet-Damage Insurance Policies Offer Property Managers a New Option for Attracting Prospective Tenants

Deciding to allow tenants with pets into your rental property is a conundrum most property managers and landlords have grappled with. On the one hand, allowing tenants with pets opens your pool of tenant candidates up significantly. On the other hand, pets can damage your investment property to the tune of costly repairs. Until now, the only option has been to charge a substantial, up-front pet deposit that can be out-of-reach for many [...]