As a landlord, you might think that you have less control over the state of your multi-family rental property when it’s occupied by tenants. However, you can adopt an excellent practice to keep your unit well-maintained. A tenant walk-through inspection is one of the best ways to mitigate future property damage and set clear expectations with your new renters as soon as they move in. Tenants are more likely to actively maintain a rental property when the condition is documented before they move in. Keep reading to learn our tips for a successfu…
Tips to Prevent Tenant Damages to Your Rental Property
Owning and managing multi-family rental properties offers lucrative opportunities but requires proactivity and diligence. With proactive management, landlords can minimize liabilities and ensure long-term profitability. This guide provides practical tips to mitigate risks and protect your investment property by addressing common causes of tenant-caused damages. Strategies include thorough tenant screening, clear lease agreements, routine inspections, and educating tenants on their responsibilities. Keep reading to learn all about it. Distingui…
What to Do if a Security Deposit Doesn’t Cover Unpaid Rent
When you're renting out a property, you can think of security deposits as a safety net. They're there to provide a financial buffer if a tenant causes property damage or moves out without paying their rent. Sometimes though, that safety net isn't enough, and you may find yourself facing a challenge. You've got a tenant who owes more in rent than their deposit can cover. It's a tough spot to be in, but dealing with it quickly and effectively is key to keeping your finances in check and your relationship with your tenant on good terms. Keep rea…
Top Tenant Complaints and How to Solve Them
No matter what, any landlord will receive their fair share of tenant complaints. Issues, no matter how minor, are likely to materialize throughout your time managing rental properties. Developing skills that help you respond to complaints and resolve issues can make it easier to retain long-term tenants. Ignoring tenant complaints may lead to a tenant breaking their lease early, which can affect your monthly income. Learning about how to manage the most common tenant complaints before they even happen reduces your stress and protects your time…
What to Do with a Tenant's Possessions after an Eviction
If a difficult tenant finally moves out of your rental property, you may breathe a sigh of relief. Unfortunately though, the issue isn’t over if you find that their possessions are still in one of your units. You might be tempted to just get rid of everything. However, removing the items properly is still a part of the California eviction process. To avoid legal consequences, you have to follow certain rules and give the former tenant an opportunity to retrieve their possessions, regardless of the circumstances that ended the tenancy. As in ev…
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