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The end of a tenancy can be an overwhelming time for landlords and tenants alike. As a homeowner, you must ensure renters move out on time and don’t leave anything behind. Afterward, it’s time to inspect the property and conduct any necessary property maintenance and repairs to get the unit back on the market as soon as possible. Luckily, you can greatly improve the move-out process with a move-out letter. This document can help you communicate your move-out expectations to your tenants which, can save you a lot of time and money. This guide wi…

There are numerous reasons why someone could decide to become a long-distance landlord. For instance, if you relocated for employment and you could opt to rent out your previous house rather than sell it. Or maybe you discovered a rental property opportunity in another state. Whatever the reason, it’s possible for a landlord to purchase and operate their rental property remotely. However, there are difficulties associated with managing a rental from a distance. This post will provide some tips for managing your rental properties and increasing…

Landlords can sometimes find themselves answering phone calls past midnight when a property emergency strikes. It could be an urgent situation such as a gas leak, flooding, or electrical issues. Landlords need to know how to handle after-hours emergencies to reduce potential safety risks and create a calm atmosphere. That’s why landlords must learn to identify what types of situations are categorized as emergencies and how to manage them well. How Does One Define a Rental Property Emergency Maintenance? Check what scenarios are labeled an emerg…

As a landlord, one of your top priorities should be to reduce tenant turnover from your property. A low tenant turnover rate usually equates to a higher return on investment and a better financial bottom line. As such, it’d be a no-brainer to retain a tenant for as long as you can, especially if they have been good for the duration of their tenancy. This is inarguably the most cost-effective way to optimize your passive income. But, don’t run into a lease renewal before re-screening the tenant. Screening a tenant in between leases can help cu…

As a landlord, you know how important it is to provide your tenants with a safe living environment. However, it can be difficult to know if your rental property meets all the necessary safety standards, especially if you're not familiar with the regulations. This post will be discussing the various safety standards landlords are required to meet and provide you with actionable tips on how to ensure that your rental property is up to code. By the end of this post, you'll have a better understanding of what it takes to keep your tenants safe and …